What are the responsibilities and job description for the Commercial Credit Analyst position at Byron Bank?
Looking for your next opportunity? It starts here. Join our team as a Commercial Credit Analyst!
At Byron Bank, we understand what it takes to provide our customers with the level of service they expect and the solutions they need to help them achieve their financial goals. We recognize that our greatest asset is our employees and take great pride in hiring qualified individuals to complement our existing teams.
We offer an attractive benefit package that includes paid vacation and sick days; health, dental and life insurance; and a 401k plan.
We’re always eager to connect with talented individuals who share our commitment to exceptional service and community impact. If this role sounds like the perfect fit for you, apply today!
Job Summary:
The Commercial Credit Analyst will work closely with the Commercial Loan Officers to conduct a thorough analysis of financial statements and other relevant factors that accurately assess the credit worthiness of new commercial credit requests and identifies and mitigates key risks. This individual will present findings and recommendations in concise written reports which focus on cash flow and ability to repay and include evaluation of collateral and appropriate structure and terms. The Commercial Credit Analyst performs ongoing reviews of the financial condition of existing commercial borrowers.
The Commercial Credit Analyst will work closely with the Commercial Loan Officers to conduct a thorough analysis of financial statements and other relevant factors that accurately assess the credit worthiness of new commercial credit requests and identifies and mitigates key risks. This individual will present findings and recommendations in concise written reports which focus on cash flow and ability to repay and include evaluation of collateral and appropriate structure and terms. The Commercial Credit Analyst performs ongoing reviews of the financial condition of existing commercial borrowers.
Supervisory Responsibilities:
If applicable:
- Lead and manage Jr. Credit Analysts.
- Develop, motivate, and train staff, including planning and delegating work assignments and projects.
- Evaluate performance, administer quarterly touch points and deliver performance evaluations.
- Establish clear expectations and hold employees accountable to performance and behaviors aligned with our culture.
Job Duties & Responsibilities:
- Responsible for preparing basis and comprehensive credit analyses on commercial loans that facilitates the credit approval process for use by loan officers or committees in the making of lending decisions regarding new, renewal, and extension loans.
- Thoroughly analyzes the most complex commercial credits. Analyzing factors such as income growth, margins, trends, quality of management, market shares, industry risks and collateral assessment.
- Submits credit approval documents to appropriate personnel for decision making.
- Analyze & create loan presentations for the commercial loan committee.
- Assist lenders in evaluating credit proposals and proper structure.
- Grade new and existing loans.
- Prepare financial projections and stress tests.
- Present financial information to the loan committee and vote on loan presentations.
- Prepare audits on commercial loans for documentation and credit exceptions, provide recommendations.
- Maintain a list of ongoing loan exceptions.
- Analyze participations and present them to the loan committee.
- Administration of LaserPro software, including weekly updating of interest rates.
- Assisting with implementation of oversight of document imaging and document tracking.
- Review commercial appraisals.
- Prepare real estate evaluations.
- Maintain a list of loans to be funded.
Additional Duties & Responsibilities:
- Monitor and prepare reports on Loan Loss Reserve.
- Prepare TDR Report.
- Prepare Loan Concentration report.
- Keep records of commercial loan committee.
This position description is not designed to cover or contain a comprehensive list of activities, duties, or responsibilities that are required of the employee. Duties and responsibilities may change, or new ones may be assigned at any time with or without notice.
Required Skills & Attributes:
- Excellent time management skills.
- Great project management skills.
- Strong analytical and organizational skills.
- Excellent written and verbal communication skills.
- Ability to operate standard office and bank equipment and required software including Microsoft Word, Excel, PowerPoint and Outlook.
Education & Experience:
- Associate or Bachelor’s degree in finance, accounting, business or related field, or equivalent experience, preferred, but not required.
- Minimum of 5 years of commercial credit or similar financial analyst experience.
- Working knowledge of and compliance with Bank Policies, Procedures and Regulations.
Physical Requirements:
- Ability to sit for up to 8 hours a day.
- Ability to work on a computer for extended periods of time.
Travel:
- None.
Benefits:
- Health Insurance (Medical, Dental, Vision)
- 401(k)
- 401(k) Match
- Health savings account
- Life insurance
- Paid time off
Work Location:
- Byron
Equal Employment Opportunity:
Byron Bank provides equal opportunity for all employees and applicants for employment and makes all employment decisions without discrimination on the basis of race, religion, color, sex (including pregnancy and gender identity), sexual orientation, national origin, age, disability, family medical history or genetic information, political affiliation, military service, disability challenges, marital status, ancestry, status upon discharge from military service, order of protection status or other non-merit based factors (actual or perceived). These protections extend to all management practices and decisions, including recruitment and merit practices, appraisal systems, promotions and training, and career development programs.
