What are the responsibilities and job description for the Commercial Credit Analyst position at Finance Factors Ltd?
PRIMARY PURPOSE:
The Commercial Credit Analyst is responsible for assisting Commercial Loan Department (CLD) Loan Officers
with analyzing financial statements and preparing CASH spreads, property valuations, and cash flow analyses
for new and existing loans. This role includes preparing annual loan regrades and appraisal reviews, supporting
BCP-disaster recovery updates, and preparing CLD loan log reports and quarterly call reports for Loan
Participant Banks. Additionally, the associate assists the Commercial Loan Processor with loan closings, HMDA
reports, and rejected/cancelled loan reports.
MINIMUM QUALIFICATION REQUIREMENTS
- A college degree in accounting or a related field is preferred.
- Proficiency in PC word processing and Excel spreadsheet programs.
- Experience and expertise in accounting and financial statement analysis.
- Strong verbal and written communication skills.
- Ability to meet deadlines and prioritize multiple tasks effectively.
ESSENTIAL FUNCTIONS:
- Analyze financial statements and prepare CASH Financial Spreads and cash flow analyses.
- Conduct property valuations and loan regrades.
- Compile weekly and month-end loan logs for CLD.
- Prepare closing documents for commercial mortgage loans, serving as a backup to the Commercial
Loan Processor.
- Assist Commercial Loan Officers by preparing documentation, including spreadsheets and commentary
for write-ups and loan grading.
- Prepare disbursement checks for construction loans, as needed.
- Maintain and update BCP documents.
- Provide support to the Loan Administration Department (LAD) and Credit Administration Department
as required.
- Serve as a backup for the Commercial Loan Processor when necessary.
- Assist RLD or LAD in the preparation and/or review of spreadsheets.
