Description

Job Title:              Credit Analyst

Department:      Lending

Reports to:         Credit Officer 

Supervises:         None

Status:                  Exempt

Last Updated:    April 2024

Job Summary

The purpose of this job is to review, analyze, process loan requests, and prepare loan packages as necessary. Assess and report credit risk for new and existing borrowers.

Knowledge, Skills, and Abilities

• Strong analytical skills with ability to understand complex financial, credit and tax scenarios
• Detail oriented with excellent organizational skills
• Skilled spreadsheet and software utilization
• Commitment to policy and regulatory adherence
• Strong oral and written communication skills
• Knowledge of accounting, including financial statement and cash flow analyses
• Ability to collaborate with co-workers and work efficiently in teams

Essential Job Functions

• Analyze repayment sources for companies and individuals, including cash flow, collateral value and other repayment mechanisms.
• Analyze and document the adequacy and likelihood of the primary and secondary sources of repayment
• Prepare and/or coordinate environmental reports outlining credit risk for the subject, industry, and surrounding areas.
• Review feasibility studies, document projected absorption with current market conditions and incorporate results into overall analysis.
• Conduct stress testing of the prospective borrower’s repayment ability.
• Review and recommend risk rating assignments for new and existing credits.
• Prepare formal written loan analyses on new and existing clients for loan committee and/or Board of Directors review.
• Present analytical findings to senior management and/or the Board of Directors.
• Evaluate the financial condition of commercial borrowing relationships and administer commercial credit files for the credit’s life cycle.
• Assist lenders in evaluating more complicated credit requests and preparing term sheets based upon repayment analysis.
• Ensure that financial statements are current and in accordance with loan agreements.
• Remain knowledgeable in the bank’s policies and regulations.
• Perform other duties as directed and assigned by management.

Equipment Operated

Utilize analytical, credit analysis, core banking and Microsoft Office products.

Work Environment

Work is performed primarily at a desk with regular contact with employees and customers, in person and on the phone. The noise level in the work environment is usually moderate.

Physical Demands

The workspace is typically at a shared workspace with a desk location.  The position is issued a laptop or tablet with mobility available throughout the business location. While performing the duties of this job, the employee is required to communicate effectively with others, sit, stand, walk, and use hands to handle keyboard, telephone, paper, files, and other equipment and objects. The position requires the ability to review detailed documents and read computer screens. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job responsibilities.

Employee Acknowledgment

This job description describes the general nature and level of work performed by employee assigned to this position. It does not state or imply that these are the only duties and responsibilities assigned to the job. The employee may be required to perform other job-related duties as requested by the supervisor. All requirements are subject to change over time, and to possible modification to reasonably accommodate individuals with a disability.

Employee Signature: ___________________________   Date: _______________

(EOE/AAE/M/F/D/V)

Qualifications

Qualifications

• Bachelor’s degree in business or finance or equivalent professional experience
• One to three years of experience in a financial institution or lending setting
• Intermediate level of computer skills, including the ability to function in a windows environment