CREDIT ANALYST

Description

The First is dedicated to helping our employees grow in their careers and we offer a variety of opportunities for success.

We invest in the communities we serve, and actively encourage our employees to participate in charitable and community events and organizations.

If you are friendly, professional, like to help people, and want to build a lasting career in banking, why not

Make The First Your Future?

Excellent benefits including:

• Paid holidays and vacation days
• Company provided medical insurance, with the potential for the bank to pay 100% of the premium**
• Supplemental dental, medical and vision benefits
• Company provided life insurance
• Company paid pension
• 401(k) - The First contributes an amount equal to 3% of the employees compensation
• Education reimbursement
• Free banking services

Location: Newtown, PA  

Work Hours: Monday - Friday, 8:30 a.m. - 5:00 p.m.

Starting Salary: $55,000.00 per year

Summary:*

The primary function of this role is to assess the creditworthiness and the financial health of individuals and companies by performing a thorough review and analysis of various financial statements, credit histories and other relevant data.  The incumbent applies and interprets ratio analysis, balance sheet and income statement data, cash flow analysis along with risk assessment practices and economics to prepare credit packages to assist management in making sound credit decisions. 

Essential Functions:

• With the aid of a financial statement spreading software, prepares usable reports from information provided by a balance sheet, income statement and cash flow statement, calculates financial ratios, performs cash flow analyses, determines various borrower debt service ratios, and prepares global cash flow analyses.
• Interprets and prepares comprehensive written financial analyses from the prepared reports and calculated ratios and develops educated assumptions of a borrower’s financial strengths and weaknesses.
• Prepares loan proposal presentations and collects and organizes supporting data and reports.
• Assists lenders with determining the proper risk rating for all approved and onboarded loans following the bank’s risk assessment practices.
• Performs the ongoing credit analysis for the bank’s largest commercial relationships and provides lenders with the reports needed to complete annual reviews and risk rating assessments.
• Responsible for the general maintenance, updating and organizing of all digital credit files for required borrowers.
• Prepares various ongoing reports for Loan Administration to assist with the identification and assessment of risks within bank’s loan portfolio.
• Effectively interacts with external examiners and outside accountants.
• Adheres to banking regulations and compliance standards, maintaining the highest level of integrity and confidentiality.
• Is knowledgeable of and abides by all aspects of First National Bank’s policies and procedures, and applicable laws and regulations.
• Maintains culture of institution through professionalism, manners and work ethic.
• Completes other duties that may be assigned.

Qualifications

Education and/or Experience, Skills and Abilities:

• Bachelor’s degree or equivalent in finance, accounting or another related field; or a minimum of seven years of successful experience and/or training in a financial institution or equivalent combination of education and experience.
• Must have an in-depth understanding of a balance sheet, income statement and cash flow statement and their role in credit analysis. Must be able to proficiently read and understand both individual and business federal tax returns.
• Effectively communicates in English; proficient reading, writing and grammar skills; proficient analytical and mathematics skills; proficient communicative and interpersonal relations skills. Must be proficient in Microsoft Office, specifically Excel and Word, internet browsers, wire systems, and software used by the bank, with strong attention to detail.
• Must be willing to attend webinars, seminars and conferences pertinent to the department.

Each employee has a responsibility to promote a harassment-free environment, and to show respect and sensitivity for individual differences. The Bank prohibits discrimination and harassment of any type and affords equal employment opportunities to employees and applicants without regard to race, color, religion, sex, national origin, age, disability, genetic information, or any other municipality-specific protected class not previously mentioned. Additionally, the Bank will take action to employ, advance in employment and treat qualified Vietnam-era veterans and disabled veterans without discrimination in all employment practices.

*complete job description available upon request

** certain conditions apply

Salary : $55,000