About This Role
Developing credit information for use in making lending decisions on new, renewal, and extension loans is the core of this Credit Analyst role. The position conducts credit inquiries, analyzes credit information, and assists in preparing credit memos and reports for presentation to loan officers or loan committees. This role provides support to loan officers and reports to the Senior Credit Analyst and Chief Credit Officer.
Responsibilities
- Develop credit information for use in making lending decisions on new, renewal, and extension loans
- Investigate all available sources of credit and financial information, including reporting services, credit bureaus, other companies, main office files, and branches
- Input tax returns, corporate and personal financial statements, and other relevant financial data to create financial spreads and reports to develop trends and establish a customer's repayment ability
- Analyze tax returns, financial statements, and cash flows
- Prepare summaries, present findings, and occasionally offer opinions concerning creditworthiness
- Provide credit information and references for customers, loan officers, or other agencies as requested
- Ensure that all credit files are kept current with the latest financial statements, agency reports, etc.
- Adhere to all bank policies and comply with regulatory requirements
- Perform other duties as assigned by management
Requirements
- Excellent interpersonal and customer service skills
- Excellent written and verbal communication skills
- Excellent organizational skills and attention to detail with accuracy being paramount
- Ability to work independently and be self-motivated, and also to work with a team
- Complete understanding of Federal Tax Returns, GAAP, accounting, and ability to read both corporate and personal financial statements
- Ability to read and interpret credit reports
- Ability to use relevant industry analysis
- Strong understanding of business entity legal structures, risk rating, and financial statement analysis
- Excellent computer skills and experience with proprietary bank software
- Proficient with Microsoft Office Suite or related software, specifically Word, Excel, Adobe, etc.
- High school diploma or equivalent required
Nice to have:
- Degree in Accounting, Finance, and/or other business-related college-level major
Physical Requirements
- Prolonged periods of using multiple computer screens and multi-tasking
- Prolonged periods of sitting and standing
- Ability to lift 15 pounds at times