What are the responsibilities and job description for the Jr. Credit Analyst position at SouthEast Bank?
Description
BASIC FUNCTION:
Review, analyze and document customer financial condition and repayment capacity.
Essential Functions
BASIC FUNCTION:
Review, analyze and document customer financial condition and repayment capacity.
Essential Functions
- Assess credit risk.
- Support underwriting and due diligence for credit transactions
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
- Analyze customer financial statements.
- Prepare reports that include the degree of risk involved in extending credit or lending money.
- Complete credit analyses and summarize requests and submit to loan committees for approval.
- Generate financial ratios, using computer programs, to evaluate customer status.
- 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, accountants, and other professionals to verify financial and credit information.
- Participate in major department projects and take an active role in cross-functional teams to assist in driving quality improvements, processes, and initiatives.
- Actively participate and communicate in team-based work groups that make up Credit Department.
- Mentorship and credit review of Jr. Analyst and/or other specified individuals.
- Organizational and Research skills
- Good communication skills to convey information effectively
- Detail orientated
- Flexibility and ability to multi-task
- Critical thinking
- Basic accounting and finance principles in the interpretation of customer financial statements.
- Effective business writing and professional communication.
- Sitting for long periods of time
- Lift 10-20lbs periodically
- Periodic travel
- Bachelor’s degree in Accounting/Finance preferred.
- 3 years of prior experience in Financial Analysis required.
- 3-5 years knowledge with computer technology including, but not limited to Microsoft Office, Word, Excel, Power Point, E-Mail, and internet navigation.
- Maintain up-to-date knowledge of and adhere to all state and federal regulations that pertain to this position including but not limited to Bank Secrecy Act, Consumer Privacy and Fair Lending.
- Working knowledge of state and federal regulations including but not limited to Bank Secrecy Act, Consumer Privacy and Fair Lending along with industry best practices that pertain to this position.
