What are the responsibilities and job description for the Credit Analyst I position at First Citizens Community Bank?
- Analyze financial statements (including performances ratios) of all levels of quality to develop initial assessment.
- Prepare written analyses which include for new loan requests and annual requests: Credit investigation of the borrower and guarantors; economic and market conditions as they relate to the company, industry, and market area; in-depth historical financial analysis, including communicating with the borrower’s accountant to gain a better understanding of the company’s accounting practices; in-depth projection financial analysis, including the performance of “what if” scenarios that test the reasonableness of the projections; in-depth analysis of the secondary sources of repayment such as collateral; in-depth analysis of a guarantor’s financial position; assures that records of sources and supported documentation are imaged and placed in credit file.
- Provide a written analysis that includes a list of all strengths and weaknesses of a credit, including loan grade or alternative structure to Relationship Manager.
- Further support lenders by completing credit memos, and/or periodic inspections for FSA and SBA guaranteed loans.
- Review commercial and residential Real Estate appraisals to ensure that they comply with appraisal regulation and interagency guidelines per the following: address appraiser independence and qualifications; assess the accuracy of the 3 methods of evaluation and the appropriateness of the weighting of each method; identify and resolve any deficiencies in the report; report any unresolved deficiencies to Senior Credit Analyst and Chief Credit Officer (CCO) which, in the analyst’s opinion, places the bank at risk.
- Calculate and review borrower compliance with loan covenants and report any violations to Credit Officer and Chief Credit Officer.
- Maintain a personal program for maintaining an adequate level of knowledge in lending, accounting and other banking matters, and demonstrate personal and interpersonal behavior, attitude, judgment, communication and initiative with customers and employees in order to ensure an acceptable degree of performance.
HOURS will average approximately 40 per week. This position is budgeted for 2,080 hours per year.
