Credit Analyst

Description

Job Summary:

Analyzes and monitors the credit worthiness of assigned account base and recommends credit within established guidelines across entire business member base. Performs both cash flow and financial statement analysis for the most complex business accounts. Responsible for ensuring constant communication and efficient workflow within the Credit Analysis area. 

Essential Job Duties:

Main responsibilities:

Spread and analyze complex business and personal financial statements, projections, cash flow statements and tax returns for credit determination on all new requests, renewals and modifications.

• Spread and analyze the contingent liability associated with various individuals to ascertain the impact upon the principal’s global cash flow and their ability to keep their payments current.
• Read and review personal credit bureaus, market reports, trade and bank references for ascertaining the collectability, payment history and capacity to repay of various commercial borrowers.
• Prepare written commercial loan and/or real estate loan credit-approval memorandums based upon review of the financial strength of the business and/or individuals making the credit request.
• Ensure member and Credit Union information is treated with utmost confidence and security, including adherence to member identification and shared procedures, to support the Credit Union’s core purpose of being the member’s trusted partner.
• Perform commercial/real estate loan site visits as needed.
• Assist with the review of residential or commercial real estate lender property evaluations.
• Work with other Senior Credit Analyst(s) to balance and direct/assign the daily workload of the Credit Analysis team. Make recommendations to business services management with regards to team member responsibilities.
• Provide ongoing feedback to business services management regarding credit analysis issues and employee performance.
• Provide training and help ensure adherence to internal controls, procedures and security guidelines to minimize risk to the Credit Union and its employees.
• Provide ongoing assessment of the credit risk and viability of existing business member accounts through periodic audits, annual credit file reviews and reading industry specific periodicals.
• Work with commercial lenders, other credit analysts and members to resolve complex business loan structuring issues.
• Continuously monitor and review business member financial information to ensure compliance with various loan policies and covenants. Review and recommend grade changes based upon the member’s financial results which will be used to evaluate the risk inherent in the business loan portfolio.
• Work closely with the commercial lending staff in the achievement of organizational and departmental goals to build member (external/internal) relationships and enhance value to business members.
• Assist with preparing, reviewing and validating collateral documentation, and ensure compliance with Credit Union policies and pertinent laws.
• Support all areas of the credit delivery system that includes covenant compliance monitoring, and risk grades.
• In conjunction with the lender the credit analyst is expected to provide a superior member experience by actively listening to and assessing the needs of the member, identifying and recommending solutions, and referring members to the appropriate person or department.
• Performs other duties as assigned.

Requirements

Required Skills/Abilities:

• Excellent interpersonal and negotiation skills.
• Excellent organizational skills and attention to detail.
• Strong proficiency with Microsoft Office applications. Familiar and comfortable with information technology, particularly digital means of communication.
• Strong organizational skills in managing multiple initiatives.   
• Strong analytical and problem-solving skills.  
• Exceptional ability to understand and interpret financial statements and business tax returns.
• Superior business acumen with the ability to analyze potential and existing member business risk and project future financial success.
• Proficient in reading personal credit bureaus, market reports, and trade and bank references.

Knowledge:

• Advanced knowledge of financial analysis, including ratio and trend analysis and projections.
• Thorough knowledge of business lending practices, loan documentation and servicing requirements, as well as business depository-related products.

Education and Experience:

• Minimum 2-4 years’ experience in a financial/credit analysis, commercial lending, or related field.
• Minimum bachelor’s degree in accounting, finance, business administration, or related field, or more than 2 years of related experience.

Physical Requirements:

Prolonged periods of sitting at a desk and working on a computer.

Must be able to lift 20 pounds at times.