What are the responsibilities and job description for the Commercial Credit Analyst position at First Commerce Bank?
We believe that a diverse group of talented, committed individuals – working as a team – can make a real difference. Our goals are to provide quality customer service by ensuring that our customer’s financial services needs and transactions are met in a timely manner.
Requirements Include:
The primary function of the Credit Analyst is to provide expertise in evaluating the creditworthiness of individuals and businesses to assist in determining the likelihood that a borrower will be able to meet their financial obligations.
Must possess excellent organizational and communication skills, as the person must effectively process vast amounts of information and condense it into a synopsis that conveys the proper loan structure. Minimum 2 years of experience within a banking/financial environment. They must comprehend financial analysis and be able to deliver well written and meaningful dialog regarding various types of credit.
Duties and Responsibilities Include:
Credit Analysts require an ability to follow many procedures and work independently within the framework of the Bank, ensuring proper compliance with all regulatory and governmental guidelines and laws.
After a potential borrower has provided an application and the necessary financial information, Credit Analysts are tasked with spreading the financial information in an acceptable fashion, determining the ability to repay and collateral coverage, conduct a thorough due diligence ensuring the client is properly vetted, and provide a complete analysis suitable for presentation to the appropriate approving authority.
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
- 2-4 years of experience in a banking/financial environment.
- Prepare reports that include the degree of risk involved in extending credit or lending money.
- Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity.
- Confer with credit association and other business representatives to exchange credit information.
- Generate financial ratios, using computer programs, to evaluate customer’s financial status.
- Review individual or commercial customer files to identify and select delinquent accounts for collection.
- Compare liquidity, profitability and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
- Consult with customers to resolve complaints and verify financial and credit transactions.
- Other duties as assigned.
Equal opportunity employer of qualified protected veterans and individuals with disabilities, minorities and females.
