About This Role
The Credit Analyst I plays an important role in assessing the creditworthiness of individuals and businesses applying for loans and assisting in the day-to-day operation of the Bank. This position typically suits someone with 0-3 years of analysis experience.
Responsibilities
- 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 application, considering factors such as borrower’s credit history, income stability, debt levels, industry trends, and economic conditions
- Prepare comprehensive credit write-ups 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
- Prepare various department reports
- 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
Requirements
- Bachelor’s or associate degree in finance, accounting, economics, or related field, preferred
- 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, and decisions 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
About the Company
Lincoln Federal Savings Bank is dedicated to building careers and fostering a dynamic work environment where talents are valued and opportunities for growth are abundant. The bank offers a range of career paths in customer service, finance, technology, and operations, with a commitment to a supportive culture and employee development.
