What are the responsibilities and job description for the Credit Analysis II position at 1st Summit Bank?
ESSENTIAL FUNCTIONS:
- Performs credit analysis on commercial credits as follows:
- Receives data on prospective and active borrowing accounts, i.e., financial statements, agency reports, and interview and investigation sheets.
- Contacts customers or their accountants regarding questions about financial statements.
- Analyzes data and evaluates the short- and long-run prospects of the individual or company, i.e., creates comparison spreads and ratios, prepares reports, presents questions or problems to loan officers, prepares cash flows and debt service coverage, requests additional information as needed, etc.
- Provides a credit risk rating after conducting a cash flow and collateral analysis or a full credit analysis and documentation review.
- Provides thorough documentation of all financial analysis work, including ratios and other related information.
- Ensures that all credit analysis activities are conducted in accordance with prescribed lending policy.
- Tracks application status, approval, and loan policy exceptions.
- Provides all necessary credit analysis work for review by various approval authorities.
- Obtains bids and orders commercial appraisals; reviews appraisals to ensure accuracy and compliance and resolves any discrepancies or problems concerning the report with the appraiser.
- Brings significant problems to the attention of respective loan officers and recommends remedial action.
- Abides by the current laws and organizational policies and procedures designed and implemented to promote an environment which is free of harassment and other forms of illegal discriminatory behavior in the workplace.
- Coordinates specific work tasks with other personnel within the department as well as with other departments to ensure the smooth and efficient flow of information.
- Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Bank's compliance with all regulatory requirements, e.g., Community Reinvestment Act (CRA), Bank Secrecy Act (BSA), Equal Credit Opportunity Act, etc.
- Reports pertinent information to the immediate supervisor as requested, or according to an established schedule; compiles information as necessary or as directed and provides data to appropriate Bank personnel.
- Responds to inquiries relating to their area, or to requests from customers, other Bank personnel, etc., within given time frames and within established policy.
- Maintains appropriate records and provides assigned reports.
- Participates on Bank Committees as invited, assigned, or determined by Bank policy.
- Performs tasks which are supportive in nature to the essential functions of the job, but which may be altered or re-designed depending upon individual circumstances.
- Other duties as assigned.
REQUIRED SKILLS/ABILITIES:
- Strong analytical and problem-solving abilities
- Strong verbal communication and business/technical writing skills.
- Excellent proficiency with MS Office Suite.
- High degree of initiative.
- Must be well organized and able to handle multiple projects and tight deadlines.
SUPERVISORY RESPONSIBLITY:
This position does not supervise employees.
EDUCATION and EXPERIENCE:
- Bachelor’s degree in business, finance, accounting or related field is required.
- 3-5 years’ experience is preferred.
- An adequate knowledge of legal and regulatory aspects of lending, sound credit principles and industry best practices preferred.
PHYSICAL REQUIREMENTS:
- Ability to concentrate and perform responsibilities by maintaining a constant state of focus and mental alertness.
- Ability to communicate in person, through email or via telephone with customers and staff members.
- Ability to sit or stand for an extended period.
- Ability to lift up to 25 pounds.
- Specific vision abilities required by this job may include close vision and the ability to adjust focus.
