What are the responsibilities and job description for the Commercial Credit Analyst position at Choice Bank?
The Commercial Credit Analyst is responsible for taking a lead role in underwriting a variety of deals for our banking customers. They will provide independent and sound opinions on appropriate structures, terms, covenants, and risk ratings of a credit. This role is responsible for all written and verbal underwriting performed, including articulating their opinion of credits to Credit Committees. The Commercial Credit Analyst is a lead underwriter in a given territory and will be responsible for adding front end guidance on commercial and Ag. loans within the territory.
Underwriting and Analysis
- Compare liquidity, profitability, and credit histories of individual or company being evaluated with similar establishments to determine risk
- Analyze financial data including but not limited to income growth, quality of management, and market share to determine expected profitability of loans
- Prepare and present loan presentations including but not limited to credit analysis, summaries of loan requests, risk reports and recommended payment plans
- Complete annual reviews on loan relationships in excess of $1MM per loan policy and recommend further analyses, risk rating modifications or collection action to loan officer
- Assist with the accounting and file maintenance of branch loans and lease transactions
- Provides accurate financial analysis for intermediate sized client relationships by utilizing various software applications and other related systems (Paynet & credit reporting agencies)
- Qualifies and validates financial information utilized in the credit decision making process
- Collaborates with the Lending Officer to recommend loan structure that serves to minimize the credit risk to the Bank
- Provides ongoing monitoring of financial covenants and works with the Lending Officer to formulate default waivers
- Ensures relationships are appropriately risk rated during the underwriting process and recommends risk rating changes to the Loan Officer in a timely manner
- Participates in customer calls with the Lending Officer as requested and / or time permits
- Provides knowledgeable, well-articulated responses to questions received in credit committee meetings
- Provides prompt turn around on customer and credit action requests, while communicating the status of loans in process with the lending officer and / or Credit Analyst Manager
- Reviews and articulates findings within third party collateral reports to the Lending Officer and / or Credit Analyst Manager
- Engages third party collateral evaluations
- Provides identification of policy exceptions and variances throughout the underwriting process articulating these exceptions within the written credit action
- Conducts customer file maintenance when necessary, transferring financial related data and third-party collateral reports into the bank's document imaging system
- Completes approved risk rating changes
Other Administration & Miscellaneous
Qualifications
Cultural Alignment
Choice is #PeopleFirst, banking second.
People don't need just another bank. People need to be supported by a team of trusted partners who will get to know them and their business, understand their challenges, discover their dreams, and recognize the success in bringing people and banking together in our communities.
In contributing to our culture, Choice team members are guided by our core values.
Our vision of Diversity at Choice is supported by our #PeopleFirst mission and our core values.
Being #PeopleFirst means that Choice is committed to focusing attention and resources towards creating an environment where everyone feels respected and valued and can do their best work. Doing the right thing means encouraging employees to share their experiences and ideas, and to bring their whole authentic selves to work. Together, we can build an inclusive culture that seeks out, supports, and celebrates diverse voices. We can use our diversity to fuel creativity and innovation and bring us closer to our customers and the communities we serve . Be welcome at Choice. We can see you here.
Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
