Credit Analyst

Credit Analyst

SUMMARY: Responsible for analyzing customer credit data and financial information to determine the degree of risk involved in extending credit; preparing credit memorandums for use in decision-making.

DUTIES AND RESPONSIBILITIES:

• Coordinates credit approval process, including but not limited to processing credit applications and initiating inquiries into customer’s bank and trade references.
• Assesses the creditworthiness of potential customers, including establishing payment terms and credit limits; handles special credit arrangements and deviations from standard terms of payment.
• Monitors the credit risk associated with customer accounts.
• Establishes and maintains customer credit files and/or database; continually reviews customers’ credit histories.
• Reviews collections reports to ascertain status of collections and outstanding balances and to evaluate effectiveness of current collection policies and procedures.
• Assist in establishment/implementation of credit policy; recommends adjustments as needed.
• Prepares reports that include the degree of risk involved in extending credit or lending money.
• Evaluates 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.
• Completes credit memorandums, including credit analysis and summaries of loan requests, and submit to loan committees for approval.
• Generates financial ratios, using computer programs, to evaluate customers' financial status.
• Compares liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
• Accompany lending officers with visits of customer facilities, participate in customer discussions.
• Performs other related duties as assigned by management.

QUALIFICATIONS:

• One to two years of analyst experience and/or training at a bank preferred but willing to train.
• Computer skills required: Microsoft Excel, Microsoft Word, and Microsoft Outlook.  Moody's Analytical preferred.
• Other skills required:
  • Commitment to excellence and high standards.
  • Excellent written and verbal communication skills.
  • Strong organizational, problem-solving, and analytical skills.
  • Strong mathematical skills
  • Ability to understand and follow written and verbal instructions.
  • Acute attention to detail.
  • Good judgement with the ability to make timely and sound decisions.
  • Versatility, flexibility, willingness to work within constantly changing priorities with enthusiasm.
  • Able to research and evaluate data to make informed decisions and solve problems.
  • Practice discretion and willingness to maintain confidentiality of sensitive information.

COMPUTER SKILLS

Proficient use of personal computer; working knowledge of Microsoft Office. DCI core system and Moody's Analytical experience is a plus.