Credit Analyst

The Credit Analyst will play a critical role in assessing the creditworthiness of individuals and businesses applying for loans or lines of credit.

Essential Job Functions:

• Evaluate the creditworthiness of loan applicants by analyzing financial statements, credit reports, tax returns, cash flow projections, and other relevant financial information.
• Assess the level of risk associated with each loan applications, considering factors such as borrower’s credit history, income stability, debt levels, industry trends, and economic conditions.
• Prepare comprehensive credit reports and underwriting memorandums outlining the analysis of borrower’s financial condition, repayment ability, collateral valuation, and proposed loan structure.
• Recommend appropriate loan structures, terms, and conditions based on risk assessment, regulatory requirements, and bank policies, while ensuring alignment with borrower’s needs and repayment capacity.
• Ensure compliance with bank lending policies, regulatory guidelines, and underwriting standards.
• Collaborate with loan officers, relationship managers, and other bank personnel to gather necessary information, address inquiries, resolve issues, and facilitate the loan approval process.
• Annually monitor the performance of existing loan portfolios, conduct periodic reviews of the borrower’s financial condition, and assess the need for loan modifications, renewals, or risk mitigation strategies.
• Ensure accuracy and completeness of loan documentation, including loan agreements, promissory notes, security agreements, and other legal documents, in coordination with legal and documentation teams.
• Stay informed about industry trends, market conditions, and best practices in credit analysis and risk management, and actively seek opportunities to enhance analytical methodologies and underwriting processes.
• Act as backup for various commercial servicing duties.
• Perform other duties as assigned.

Skills and Education:

• Bachelor’s or associate degree in finance, accounting, economics, or related field, preferred.
• Previous experience in credit analysis, commercial lending, or financial analysis, preferably with a banking or financial institution.
• Strong analytical skills to interpret financial data and assess risk factors.
• Solid understanding of financial statements, accounting principles, cash flow analysis, and financial modeling techniques.
• Meticulous attention to detail to review and analyze complex financial documents accurately.
• Effective communication skills, both verbal and written, to convey credit analysis findings and recommendations clearly and concisely.
• Ability to work collaboratively with cross-functional teams and stakeholders to achieve common goals and objectives.
• Strong organizational and time management skills to prioritize tasks, meet deadlines, and manage multiple credit analyses simultaneously.
• Commitment to upholding ethical standards, integrity, and confidentiality in handling sensitive financial information

Physical Requirements

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to stand, walk, use hands to handle or feel, reach with hands or arms, talk or hear. The employee must regularly lift and/or move up to 15 pounds. The employee must be able to lift and/or move up to 25 pounds occasionally.

Working Environment

While performing the duties of this job, the employee will be exposed to indoor conditions. The noise level in the work environment is usually moderate.