What are the responsibilities and job description for the Credit Analyst 3 - Industry Solutions position at Arvest Bank?
Pay is based on a number of factors including the successful candidate’s job-related knowledge and skills, qualifications, and prior experience. Arvest offers a comprehensive suite of benefits, including a full range of health and life, financial, and wellness benefits. For more information about benefits, please visit www.arvest.com/careers/benefits .
Position is based at 921 W. Monroe Ave., Lowell, AR 72745 however, Incumbent can be located within the Arvest 4 State Footprint (AR, KS, MO, OK).
Incumbent will be assigned to Arvest Agrifinance Division. Preferred Qualifications include experience underwriting or originating agricultural-purpose loans.
Hours are typically Monday through Friday 8:00 am to 5:00 pm with ability to work additional hours as needed.
SUMMARY: With limited direction incumbents analyze and project credit and financial information for the most complex commercial loans. Incumbents frequently analyze complex credits in excess of $10 Million in aggregate debt. Work with borrowers and Commercial Bankers in the preparation and presentation of loan proposal packets for the Loan Committee meetings. Incumbents conduct financial analysis on borrowers to assess the ability to repay loans, monitor trends and conditions, and to determine and alert senior management as to potential problem situations which surface from analytical research. In addition, incumbents monitor loan compliance by tracking technical exceptions and calculation of financial covenants.
We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
May directly supervise Credit Analyst 1 or 2 positions. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Ensure direct reports have completed required compliance training and are adhering to all internal procedures and controls as it relates to bank policy, laws, regulations and Arvest’s BSA/AML Program. Responsibilities include interviewing, hiring, appraising performance, rewarding, and disciplining associates. The incumbent has the authority and the appropriate influence to make recommendations regarding hiring, firing, advancement, promotion, or any other change of status of other associates within the guidelines of the bank’s procedures and guidelines for such change of status events. The incumbent provides training, planning, assigning, and directing work assignments and schedules; addressing complaints and resolving problems.
Responsibilities:
QUALIFICATION REQUIREMENTS:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE:
The work environment characteristics described here are representative of those an associate encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
Grade 15
Pay Range: $80,000 - $90,000 per year
Position is based at 921 W. Monroe Ave., Lowell, AR 72745 however, Incumbent can be located within the Arvest 4 State Footprint (AR, KS, MO, OK).
Incumbent will be assigned to Arvest Agrifinance Division. Preferred Qualifications include experience underwriting or originating agricultural-purpose loans.
Hours are typically Monday through Friday 8:00 am to 5:00 pm with ability to work additional hours as needed.
SUMMARY: With limited direction incumbents analyze and project credit and financial information for the most complex commercial loans. Incumbents frequently analyze complex credits in excess of $10 Million in aggregate debt. Work with borrowers and Commercial Bankers in the preparation and presentation of loan proposal packets for the Loan Committee meetings. Incumbents conduct financial analysis on borrowers to assess the ability to repay loans, monitor trends and conditions, and to determine and alert senior management as to potential problem situations which surface from analytical research. In addition, incumbents monitor loan compliance by tracking technical exceptions and calculation of financial covenants.
We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
- Analyze and spread financial statements and related material for complex commercial credits in excess of $10 Million in aggregate debt.
- Determine the need for a more thorough research or additional information and work with the Commercial Bankers to obtain same information.
- Stay informed on respective industries represented within loan portfolios and trade area.
- Prepare summary reports, present facts, and offer recommendations concerning credit-worthiness and the ability of the customers to repay loans. Jointly work with Commercial Bankers to prepare loan proposals for customer requests and credit memorandums.
- Work directly with customers and prospects during the credit review process in conjunction with the Commercial Bankers.
- Make recommendations to senior management regarding improvements to bank procedures and processes.
- Monitor loan compliance throughout the year through monitoring of technical exceptions and calculation of financial covenants.
- Prepare reports to forecast future expectations and to show how certain industries will perform to determine risk associated with the endeavor.
- Review and report on concentration reports to senior management to help determine the focus for the coming year.
- Prepare Supervisory LTV , Officer Stock Portfolio , Covenant Tracking, Guidance Line Monthly Officer Analysis and other reports as assigned by management.
- May mentor, train or supervise Credit Analysts.
- Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program, as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity.
May directly supervise Credit Analyst 1 or 2 positions. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Ensure direct reports have completed required compliance training and are adhering to all internal procedures and controls as it relates to bank policy, laws, regulations and Arvest’s BSA/AML Program. Responsibilities include interviewing, hiring, appraising performance, rewarding, and disciplining associates. The incumbent has the authority and the appropriate influence to make recommendations regarding hiring, firing, advancement, promotion, or any other change of status of other associates within the guidelines of the bank’s procedures and guidelines for such change of status events. The incumbent provides training, planning, assigning, and directing work assignments and schedules; addressing complaints and resolving problems.
Responsibilities:
QUALIFICATION REQUIREMENTS:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE:
- Bachelor’s degree, preferably in Accounting, Finance or Business, or equivalent finance, accounting or lending experience required. Relevant military experience is considered for veterans and transitioning service members.
- 9 hours of college level accounting or equivalent training (ABA, Omega/Moody’ or other in-depth training courses focused on financial analysis or commercial loan underwriting) required.
- 3 years previous experience as a credit analyst or commercial loan underwriter required.
The work environment characteristics described here are representative of those an associate encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
Grade 15
Pay Range: $80,000 - $90,000 per year
Salary : $80,000 - $90,000
