Credit Analyst III

Description

Do you desire a career that provides you with opportunities to learn, grow, and impact your community? Flatirons Bank is seeking candidates from all backgrounds to join our team.

We are looking for driven, reliable, hardworking candidates who want to make a difference in their community and work for a company where their opinion counts. We want our employees to be proactive, resourceful, communicative, efficient, and to provide key input into the future success of our team. If your goal is to build a career with impact and influence, consider joining the dedicated team at Flatirons Bank.

WHO WE ARE

Flatirons Bank is a full-service independent bank dedicated to serving the financial needs of individuals, businesses, and nonprofits in Boulder County. With locations in Boulder and Longmont, we provide personalized banking experience, making all our decisions locally. Since our inception over two decades ago, our goal has been to bring more to banking in Boulder County. We take pride in developing personal relationships with our clients while maintaining the highest level of professional service. Our suite of services includes Personal and Business Banking services, Professional Services Banking, Treasury Management, Mortgage Lending, and Commercial Real Estate Lending solutions.

Flatirons Bank not only provides personalized and innovative banking solutions for our clients, but our employees also personally contribute to making a difference in the Boulder County community through a variety of nonprofit organizations. Flatirons Bank’s headquarters location in Boulder was the first in the county to achieve LEED Gold certification upon its opening in 2009. The Bank actively works towards being a community leader that balances purpose with profit by considering the impact of its decisions on its stakeholders: employees, clients, vendors, community, and the environment. By working at Flatirons Bank, you are helping your neighbors and local businesses thrive.

            Website                      www.flatirons.bank                            Contact                      careers@flatirons.bank

ROLE AND RESPONSIBILITIES

The Bank’s lending products include the following: residential mortgages, residential construction loans, investment property loans, aircraft loans, business working capital loans and lines of credit, and business equipment financing.   The position of Credit Analyst III is responsible for supporting the lending activities of the Bank by performing financial analysis, delivering quality, accurate and timely credit memorandums, and assisting with the management of the Bank’s larger, more complex lending relationships.  This position requires the Credit Analyst III to work closely with lending, management, operations, compliance, and others in a client-centric and rewarding environment.  Compensation will be competitive and commensurate with experience, and will include an attractive base salary, annual bonus opportunity, and comprehensive benefits package.  The specific responsibilities are further outlined below:

Leadership

• Provides leadership and support for all aspects of lending including, but not limited to, analyst development, compliance, loan systems, policies, procedures and processes.
• Shares expertise, wisdom and knowledge with less experienced credit analysts and lending personnel.

Lending and Credit Analysis Knowledge

• Advanced knowledge of accounting principles and of personal and business financial statements and tax returns.
• Advanced understanding of personal and business lending terminology, products and services, and activities.
• Advanced knowledge of the lending process from application to loan closing
• Ability to address complex lending structures involving multiple facets and variables in non-standard situations.

Regulatory

• Stays up-to-date and trained on Bank’s procedures, required bank compliance training, and required Federal and/or State rules and regulations related to lending activities.
• Adheres to all Federal and State laws and regulations applicable to the Bank as well as all Bank policies and procedures.
• Advanced knowledge of appraisal requirements to assist with the ordering and reviewing of appraisal reports as needed.
• General knowledge of consumer regulatory requirements including, but not limited to, TRID, HMDA, Ability to Repay, and SAFE Act,

Reporting and Administration

• Monitors and assists in managing system produced exception reports and collects post-closing and annual monitoring requirements in a timely manner.
• Monitors construction projects, orders inspection reports and title searches, and processes construction draw requests.
• Coordinates and completes annual reviews of lending relationships and periodic covenant testing.
• Ensures loan compliance and procedure quality controls are maintained for all loans.

• Ensures loan risk ratings remain accurate.
• Develops and tests policies and procedures pertaining to the maintenance of accurate accounting records and report preparation.
• Works with credit administration to make recommendations and implementation of changes to operations.
• Supports the Bank’s consultative process to deepen existing relationships, on-board new relationships and exit unprofitable relationships.
• Coordinates with loan administrators, relationship managers and clients to schedule loan closings after ensuring all approval conditions have been met.
• Assists loan administrators and relationship managers to review loan documentation prior to closing.
• Assists Chief Credit Officer with macro and micro level portfolio reviews including, but not limited to, stress testing, concentration monitoring and policy exception tracking.

Client Experience

• Supports the relationship manager with loan origination and overall management of loan portfolios.
• Collaborates with relationship manager and/or clients on appropriate lending structure.
• Analyzes and interprets financial statements including proforma and projections using trend analysis, ratio analysis, cash flow analysis, and industry averages, as well as macro/industry trends review/analysis, for individuals, commercial operating entities, and real estate entities.
• Prepares pre-flight memorandums that include a preliminary review of the lending request used to determine the Bank’s interest in or structure of the request prior to full underwriting.
• Prepares detailed, written credit approval packages for relationship managers and senior management which includes identifying and mitigating credit risks and loan policy exceptions, proposing covenant and monitoring requirements, proposing loan structure enhancements, and assessing the loan risk rating with minimal to no involvement from the relationship manager or credit officer.
• Attends Loan Committee and presents loan approval requests and/or answers questions.
• Ensures credit inquiries and UCC filing are researched to determine creditworthiness and appropriate collateral positionings are achieved.

• Coordinates and/or participates in meeting with and interviewing current and prospective clients, as well as monitoring client relationships for compliance with credit standards through monthly portfolio monitoring.
• Performs pre-qualification assessment and analysis of financial condition and risk of financing requests within framework of Bank credit culture and current economic and industry trends.
• Develops and maintains knowledge of financial industry, economy, market conditions (both nationally as well as within Boulder County), rates, vendors and competition.
• Attends and performs loan closings.

• Participates in community and business functions to ensure a positive image for the Bank within the marketplace.
• Provides excellent internal and external service by demonstrating courtesy and personal concern for customers and coworker needs and follows up to ensure needs are met.
• Serves as a trusted advisor to clients and prospects.  Establishes strong credibility internally and externally.
• Uses resources effectively.
• Maintains a professional work environment, demeanor, and business-like appearance.
• Perform other related duties periodically as required and assigned.

Qualifications

EDUCATION / EXPERIENCE / SKILLS

• Bachelor's degree from a four-year college or university; or minimum of seven years of related experience and/or training; or the equivalent combination of education and experience.  Work-related experience should consist of an in-depth background in accounting skills.  Educational experience, through in-house training sessions, formal school, or financial industry curriculum, should be applicable to the financial industry.
• Formal accounting and/or credit administration training or experience.
• Advanced experience with the credit analysis of financial statements and tax returns required.
• Strong reasoning and writing skills to efficiently communicate well supported rational for all types of credit decisions and actions.
• Strong math skills; calculate interest, proportions, and percentages; balance amounts; locate routine mathematical errors, compute rate, ratios and percentages.
• Advanced knowledge of general acceptable accounting principles, budgeting, and related accounting and record keeping systems in a financial institution.
• Exceptional oral, written, and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, understand procedures, write reports and correspondence, and communicate clearly to clients and employees.
• Strong word processing and spreadsheet skills.
• Strong knowledge of related state and federal banking compliance regulations, and Bank policies and procedures.
• Advanced knowledge of loan documentation as well as the necessary supporting requirements to perfect collateral position.
• Experience with one or more of the following (or similar) software products is preferred: DCI iCore core system, Finastra LaserPro documentation software, AccuSystems documentation retention software and BakerHill NextGen statement spreading software.

• Excellent organizational and time management skills.
• Ability to work with minimal supervision while performing duties.

WHAT WE OFFER

COMPENSATION AND BENEFITS    

• The position’s pay range starts anywhere between $85,000 and $100,000 annually
• An annual discretionary bonus may be paid to eligible employees based upon organizational and individual performance.
• Medical, dental and vision insurance
• Employer-Paid Short-term and Long-term disability insurance
• Employer paid life insurance
• Employer-matching 401K
  • Guaranteed Safe Harbor Match
  • Discretionary Yearend Profit-Sharing Match
• Health Savings Account with company contribution
• Health Reimbursement Arrangement
• Paid-time off (PTO)
• Volunteer Time Off
• Sick Time Off
• Paid parking

REPORTING

Supervision Received    
    Directly:        Vice President, Senior Portfolio Manager
    Indirectly:      SVP, Chief Credit Officer 
Supervision Exercised    
    Directly:        N/A
    Indirectly:      N/A 
 

Salary : $85,000 - $100,000