What are the responsibilities and job description for the Commercial Credit Analyst position at Fortis Bank?

Job Description

Summary

The Fortis Commercial Credit Analyst will participate in a Rotational Program across specific commercial banking verticals, including Commercial and Industrial (C&I), Commercial Real Estate (CRE), Small Business Administration (SBA) Lending, and Capital Finance. This role requires the Commercial Credit Analyst to develop an in-depth understanding in the commercial banking verticals, which includes gaining expertise in the industry terminology, underwriting, structuring and managing a portfolio. This individual will collaborate closely with the Portfolio Managers and Relationship Managers, assisting in underwriting new loan opportunities, and loan servicing actions of existing clients.

The ideal candidate will be able to undertake a variety of tasks and work diligently under pressure. This individual will be comfortable working with a high degree of attention to detail and discretion as well as incorporating new and effective ways to achieve better results.

Responsibilities

Successfully complete specific courses within the credit analysis training program within first three months.
Conduct financial analysis and spreading of borrower and guarantors, including business and personal financial statements, tax returns and other documents.
Complete global cash flow computations, calculate performance ratios, and analyze multi-year trends.
Develop a thorough understanding of client cash flows and report on same, including identifying recurring and non-recurring sources.
Research industry trends and data to identify questions and risks for each credit.
Perform analysis of loan collateral : accounts receivable, equipment, inventory, real estate and / or marketable securities.
Monitor existing credits for compliance with financial and reporting covenants.
Track loan policy exceptions and loan file document exceptions.
Author high-quality credit narratives within the pre-flight memos or credit memos, specifically :

Providing background of the borrower and detailing the requested transaction, including loan terms and covenants;

Describing strengths as well as key risks and relevant mitigation;

Identifying Loan Policy and Product Guide exceptions;

Summarizing the financial performance of businesses and individuals; and

Assessing the assets secured as collateral relative the credit exposure.

Demonstrate understanding of the loan process from start to finish, including preflight memos, underwriting, loan documentation, loan servicing, etc.

Other duties as assigned.

Qualifications

Bachelor’s Degree with an emphasis in Finance and / or Accounting required.

1-2 years of relevant experience within banking or financial services required.

Familiarity with nCino, PrecisionLender, and Salesforce Reporting is preferred.

Embodies the Fortis Bank culture principles and competencies and consistently demonstrating a positive, ambitious, and solution-oriented attitude with clients and team members.

Proficient and experienced in Microsoft Office suite products and technology, including but not limited to : Outlook, Microsoft Teams, Word, Excel, and PowerPoint.

Strong ability to adapt to systems and technology, including but not limited to : client relationship management tools, conference room management and teleconferencing systems and tools, banking core systems, and other common office management products.

Communicates effectively and professionally, both verbally and via e-mail and other chat tools.

Excellent organizational skills, regularly demonstrating the ability to multitask, prioritize, and manage time efficiently.

Demonstrates strong interpersonal skills, with the ability to build meaningful professional relationships with senior management and team members.

ADDITIONAL INFORMATION

Reporting Structure : Reports to an SVP, Credit Administration

Office Requirements : This position will follow a hybrid work schedule and is required to work in the office at least 3-4 days per week.

ABOUT FORTIS

Fortis Bancorp is the $1.3 billion bank holding company for Fortis Bank. Fortis Bank is a full-service bank that provides loans, deposits, and cash management services to businesses and their principals, with branch locations in Colorado and Utah. More information about Fortis Bank is available at www.fortisbankus.com.

At Fortis Bank, we take great pride in being a commercial banking partner for our clients. Our people enjoy being empowered with the ability to make a tangible impact in a progressive and less bureaucratic work culture that can often be a struggle for larger institutions. We strongly believe in hiring people greater than ourselves and we recognize, reward, and develop those individuals who make an outsized impact to the business. Each of our hand-selected and exceptionally talented teammates contribute to the heart of our company culture that combines banking expertise and personalized services to create an unparalleled level of client experience.

Fortis is Great Place to Work-Certified™

Join a team where your expertise and passion can make a meaningful impact. Learn more today at www.fortisbankus.com / careers.

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