What are the responsibilities and job description for the Credit Reporting Associate I position at CommerceWest Bank?
Description
Job Summary:
The Credit Reporting Associate I, II, and III (CRA) is responsible for supporting the Portfolio Managers and Credit Underwriters in the spreading of personal and corporate financial statements and tax returns. Additionally, the CRA will prepare spreads and evaluate covenants for financial information submitted as required within portfolio loans/leases and back up the Financial Coordinators duties. Lastly, the CRA is also responsible for performing research and analysis associated with the credit underwriting of new or existing clients.
The Credit Reporting Associate will perform assigned duties under the general supervision of the Credit Administrator.
Essential Functions
Job Summary:
The Credit Reporting Associate I, II, and III (CRA) is responsible for supporting the Portfolio Managers and Credit Underwriters in the spreading of personal and corporate financial statements and tax returns. Additionally, the CRA will prepare spreads and evaluate covenants for financial information submitted as required within portfolio loans/leases and back up the Financial Coordinators duties. Lastly, the CRA is also responsible for performing research and analysis associated with the credit underwriting of new or existing clients.
The Credit Reporting Associate will perform assigned duties under the general supervision of the Credit Administrator.
Essential Functions
- Performs covenant calculations and completes process as dictated by calculation results.
- Maintains the SageWorks covenant tickler system.
- Work closely with Portfolio Managers to obtain delinquent financial reports.
- Under the guidance of Credit Administrator, prepare credit memos / correspondence (i.e. covenant resets, risk rating changes, reservation of rights letter, etc.).
- As needed, provides support and/or coverage for the Financial Coordinator with processing needs list letters, updating financial ticklers in SageWorks, scanning and saving documents into Synergy, providing outside service providers with reports, etc.
- Complies fully with all Bank policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Anti Money Laundering, Code of Conduct, etc.).
- Performs other duties and special projects as needed and assigned.
- BA degree in finance, accounting, economics, or finance-related field with accounting courses preferred or at least 6-12 months of credit analysis experience in a bank or financial services environment
- Strong analytical and research skills required
- Ability to be flexible and work independently
- Strong written and verbal communication skills
- Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative and accuracy
- Team player and self-starter
- Ability to manage multiple tasks and meet deadlines
- Present professional image and work well in a team environment
