Senior Credit Analyst

Company Description

Summit Bank, established in 1982 in Oakland, provides personalized banking services and financial products tailored to meet the specific needs of individuals, businesses, and professionals. The bank has a strong focus on community banking and has received numerous accolades for its prudent and profitable business practices.

Role Description

This is a full-time on-site role for a Senior Credit Analyst located in Oakland, CA. The Senior Credit Analyst will be responsible for conducting credit analysis, utilizing analytical skills to assess financial data, communicating findings effectively, and managing credit processes within the finance department.

Qualifications

• Bachelor's Degree in Business Administration or equivalent experience in finance
• Experience working at a Commercial Banking for 3-5 years
• Credit Analysis or commercial lending experience with preference for formal bank credit training program or RMA/Omega credit certification
• Credit Management and Finance skills
• Analytical Skills for assessing financial data
• Strong Communication skills for effectively conveying findings
• Relevant experience in credit analysis
• Bachelor's degree in Finance, Business, or related field
• Certification in Credit Analysis or related field is a plus

Required Knowledge

• Basic understating of financial statement, tax returns and financial analysis techniques.
• Intermediate knowledge of banking relation and other applicable bank lending policies and procedures.
• Proficient in financial analysis software and Excel.
• Strong verbal and written communication skills and the ability to handle sensitive financial date with confidence.
• Knowledge of sales techniques.

Essential Functions and Basic Duties

• Spreads Financial Statements/Tax Returns for Portfolio Managers and determines cash flow and balance sheet ratios for loan approval and covenant compliance.
• Analyze account receivables, inventory and account receivable reports for collateral support
• Order third party reports including credit reports, appraisals, environmental reports, UCC searches, etc.
• Coordinates with the Note Department to be certain that loan documents follow the approved credit structure and includes financial covenants, reporting requirements, special conditions and restrictions.
• Work with Portfolio managers and Loan Documentation Specialist to manage the closure and funding for loans
• Create boar reports for portfolio metrics including new loan actives, concentration reporting, risk grade migration, past due loans, rate reduction, projected paydowns, decline/withdrawn loan, tracked policy exceptions, etc.
• Receives borrowers' inquiries regarding their accounts and refers to the appropriate person.
• Performs all other duties as assigned.