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Credit Analyst III
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Summary:Â Prepares written in-depth credit analysis for Commercial and Industrial and Commercial Real Estate loans by underwriting the basics of commercial credit worthiness and identifying and analyzing sources of payment.Â
Job Functions:
- Interprets financial data, financial condition and level of risk related to various types of borrowing entities and individuals including financial statement analysis, collateral evaluations, trend analysis ratio and industry analysis.
- Creates cash flow schedules based on personal and business tax returns and/or financial statements.
- Reviews and spreads financial statements and prepares comprehensive financial analysis on the creditworthiness of the borrower.
- Creates Pro-Forma analysis to assess the company’s/individual’s ability to repay current and proposal debt obligations based on the perceived level of risk determined in the analysis.
- Makes recommendations on approval or declination of loan requests.
- Review appraisals and environmental reports.
- Support the loan approval process through credit authorization preparation and distribution. Provide documentation of committee approvals and requirements.
- Operate in a more senior position to provide assistance and act as a resource to the other analysts.
- Work on FIMAC analytic or other Stress testing software and reports as required
- Assist in the creation and completion of minutes to the various loan approval committees
- May perform other tasks and assist in projects as needed.
Position Requirements:
- Bachelor’s Degree in Business, Finance, Accounting or related discipline.
- Formal Bank Commercial Credit training or equivalent classes offered by third party providers (RMA, ABA, banking assns, etc.).
- 5-8 years banking/credit experience with 3+ years credit analysis experience in commercial banking. Lending background preferred.
- Knowledgeable of computer systems including word processing, databases, and Excel.
- Experience with credit analysis software.Â
- Knowledgeable in financial institution operating policies and procedures and banking regulations state and federal.
Key Qualifications:
- Demonstrated skill in analysis of business and individual financial statements, tax returns, and cash flows.
- Understanding of commercial real estate project analysis, real estate appraisal reviews and property environmental evaluation reviews.
- Working knowledge of all applicable Bank products and services.
- Excellent problem-solving skills and good process-facilitating.
- Detail oriented, good organizational, interpersonal, communications and writing skills.
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