What are the responsibilities and job description for the Credit Analyst Trainee position at The Village Bank?
Description
Position Summary
The Credit Analyst Trainee will learn to conduct background research on current and potential borrowers; gather and analyze credit information; determine the advisability of granting credit for diversified types of loans; and assist loan officers in writing loan requests. The Credit Analyst Trainee will adhere to the bank’s loan policies and maintain good customer relations by following the Bank’s Preferred Banking Pledge .
Performance will be measured by the quality of new loans booked to the Bank’s portfolio as determined by the Risk Ratings.
Responsibilities
Assists with the analysis of new loan requests and annual reviews of existing loans.
Analyzes credit data and financial statements as part of conducting a risk analysis on new and renewing lines.
Prepares a written summary of credit analysis for Bank approval authority and/or credit file(s).
Compares liquidity, profitability, and credit histories of businesses being evaluated with those of similar businesses in the same industries and geographic locations; studies economic trends of identified industry to predict probable success of customer.
Assists with annual line renewals and Annual Reviews of large borrowers and assisting the lenders to ensure updated financials are provided by borrowers.
Maintains a working knowledge of new and pending laws and regulations that potentially affect the organization’s business practices, particularly as it relates to credit/collateral risks, i.e.; flood insurance, bankruptcy.
Assures accurate tracking of Commercial loans through available tools from origination through Loan approval. Coordinates with auditors/ loan review specialists regarding examination of lending practices and compliance with banking lending regulations.
As a Quality Review check, assists in the review/ audit of existing legal documentation to ensure it is compliant with the underwriting as approved, the commitment letters, lending policy and banking regulations. Assists in preparation of committee meeting materials.
Actively participates in the Bank’s Community Commitment Initiative by attending local events for charity, chamber of commerce, or assuming a leadership role in a service oriented organization within the Bank’s area of operation.
Supervisory Responsibilities
Number of employees supervised: NA
Title(s) of employees supervised: NA
Qualifications
Experience
Bachelor’s degree in a business, finance, accounting or math related discipline.
1 – 2 years banking experience.
Mathematical Skills
Specific Skills Required
Ability to work with mathematical concepts such as probability and statistical inference. Ability to apply concepts such as financial statement ratios and present and future values. The ability to manually calculate principal and interest payments.
Must be proficient with an HP12C or similar financial calculator/app.
Computer Skills
Proficiency in Microsoft applications, and proprietary applications used during the course of business such as Loan Vantage, MLS, and The Warren Group.
The Village Bank is an Equal Opportunity Employer
The Village Bank is committed to the policy of providing equal employment opportunities for employment, training, compensation, transfer, promotion, and other aspects of employment for all qualified applicants and employees without regard to sex, race, creed, color, religion, national origin, age, sexual orientation, gender identity or expression, veteran status, physical or mental disabilities, genetics or any other status protected by law.
Core Competencies
Village Banker - Provides the Village Bank experience and delivers on the Preferred Banking Pledge by extending exceptional service to both external and internal customers. Is a respectful, cooperative, and supportive team member. Supports the Bank's overall initiatives in the community through active involvement and participation.
Communication - Uses effective, clear communication and active listening skills with internal/external customers. Shares timely and accurate information to the relevant audience, including appropriate follow-up. Uses a professional tone both orally and in written communications. Respectful of the views and opinions of others.
Problem Solving - Identifies problems and considers contributing factors. Seeks and considers input from others. Recommends alternatives. Exhibits good judgment in decision-making. Implements a timely solution as appropriate.
Initiative - Proactively looks for ways to add value to the customer experience. Makes suggestions for process improvement and workflow efficiency. Takes action when appropriate. Seeks new opportunities to increase job skills and knowledge.
Risk Management - Adheres to and administers BSA, OFAC, anti-money laundering, CIP and security policies and procedures in order to limit risk and exposure to the Bank and its customers. Complies with all Bank policies and government regulations. Performs well in audits, as applicable.
Dependability – Consistently produces a great quality work product. Is accurate and timely. Meets established deadlines. Maintains a positive attendance record by being punctual and reliable.
Position Competencies
Lending Knowledge: Knows and understands the Bank's market, developing issues and economic factors that may impact customer's lending needs or the Bank's lending policies.
Financial Knowledge: Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
Credit Risk: Demonstrates excellent judgment in determining credit risk in conjunction with the Bank's lending policy and risk tolerances.
Analysis: Synthesizes complex or diverse information; Collects and researches data; Uses intuition and experience to complement data.
Physical Requirements
The employee must occasionally lift and/or move up to 10 pounds.
Security and Conduct
All employees are to follow prescribed security procedures, policies and banking regulations to ensure strict compliance with all regulations, the safety and well-being of the bank and its employees. In addition, adherence to the BSA policies and procedures designated to the position and the ability to recognize and appropriately report suspicious activity to the BSA Officer are an important component of each job. Any information acquired through the business of the bank is to be treated as strictly confidential information not to be improperly divulged to unauthorized individuals. The Bank's objective is to provide customers and the communities we serve with high quality personalized service, innovative products and sound financial assistance, creating challenging career opportunities for our employees and a work environment that encourages their input and continued development. We maintain a professional atmosphere for our customers as well as for our employees and expect all employees to adhere to the code of ethics and dress code at all times. It is the policy of the Bank that employees maintain a working environment that encourages mutual respect, promotes civil and congenial relationships among employees and is free from all forms of harassment and violence. Overall compliance with the Bank’s policies, security and codes of conduct are equally important in meeting overall performance objectives of the position.
Disclaimer
This job description is intended to describe the general nature and level of the work being performed by employees in this position. It is not intended to be a complete list of all responsibilities, duties, and skills required for this job classification. Managers may, at their discretion, assign or reassign duties and responsibilities to this job at any time.
Position Summary
The Credit Analyst Trainee will learn to conduct background research on current and potential borrowers; gather and analyze credit information; determine the advisability of granting credit for diversified types of loans; and assist loan officers in writing loan requests. The Credit Analyst Trainee will adhere to the bank’s loan policies and maintain good customer relations by following the Bank’s Preferred Banking Pledge .
Performance will be measured by the quality of new loans booked to the Bank’s portfolio as determined by the Risk Ratings.
Responsibilities
Assists with the analysis of new loan requests and annual reviews of existing loans.
Analyzes credit data and financial statements as part of conducting a risk analysis on new and renewing lines.
Prepares a written summary of credit analysis for Bank approval authority and/or credit file(s).
Compares liquidity, profitability, and credit histories of businesses being evaluated with those of similar businesses in the same industries and geographic locations; studies economic trends of identified industry to predict probable success of customer.
Assists with annual line renewals and Annual Reviews of large borrowers and assisting the lenders to ensure updated financials are provided by borrowers.
Maintains a working knowledge of new and pending laws and regulations that potentially affect the organization’s business practices, particularly as it relates to credit/collateral risks, i.e.; flood insurance, bankruptcy.
Assures accurate tracking of Commercial loans through available tools from origination through Loan approval. Coordinates with auditors/ loan review specialists regarding examination of lending practices and compliance with banking lending regulations.
As a Quality Review check, assists in the review/ audit of existing legal documentation to ensure it is compliant with the underwriting as approved, the commitment letters, lending policy and banking regulations. Assists in preparation of committee meeting materials.
Actively participates in the Bank’s Community Commitment Initiative by attending local events for charity, chamber of commerce, or assuming a leadership role in a service oriented organization within the Bank’s area of operation.
Supervisory Responsibilities
Number of employees supervised: NA
Title(s) of employees supervised: NA
Qualifications
Experience
Bachelor’s degree in a business, finance, accounting or math related discipline.
1 – 2 years banking experience.
Mathematical Skills
Specific Skills Required
Ability to work with mathematical concepts such as probability and statistical inference. Ability to apply concepts such as financial statement ratios and present and future values. The ability to manually calculate principal and interest payments.
Must be proficient with an HP12C or similar financial calculator/app.
Computer Skills
Proficiency in Microsoft applications, and proprietary applications used during the course of business such as Loan Vantage, MLS, and The Warren Group.
The Village Bank is an Equal Opportunity Employer
The Village Bank is committed to the policy of providing equal employment opportunities for employment, training, compensation, transfer, promotion, and other aspects of employment for all qualified applicants and employees without regard to sex, race, creed, color, religion, national origin, age, sexual orientation, gender identity or expression, veteran status, physical or mental disabilities, genetics or any other status protected by law.
Core Competencies
Village Banker - Provides the Village Bank experience and delivers on the Preferred Banking Pledge by extending exceptional service to both external and internal customers. Is a respectful, cooperative, and supportive team member. Supports the Bank's overall initiatives in the community through active involvement and participation.
Communication - Uses effective, clear communication and active listening skills with internal/external customers. Shares timely and accurate information to the relevant audience, including appropriate follow-up. Uses a professional tone both orally and in written communications. Respectful of the views and opinions of others.
Problem Solving - Identifies problems and considers contributing factors. Seeks and considers input from others. Recommends alternatives. Exhibits good judgment in decision-making. Implements a timely solution as appropriate.
Initiative - Proactively looks for ways to add value to the customer experience. Makes suggestions for process improvement and workflow efficiency. Takes action when appropriate. Seeks new opportunities to increase job skills and knowledge.
Risk Management - Adheres to and administers BSA, OFAC, anti-money laundering, CIP and security policies and procedures in order to limit risk and exposure to the Bank and its customers. Complies with all Bank policies and government regulations. Performs well in audits, as applicable.
Dependability – Consistently produces a great quality work product. Is accurate and timely. Meets established deadlines. Maintains a positive attendance record by being punctual and reliable.
Position Competencies
Lending Knowledge: Knows and understands the Bank's market, developing issues and economic factors that may impact customer's lending needs or the Bank's lending policies.
Financial Knowledge: Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
Credit Risk: Demonstrates excellent judgment in determining credit risk in conjunction with the Bank's lending policy and risk tolerances.
Analysis: Synthesizes complex or diverse information; Collects and researches data; Uses intuition and experience to complement data.
Physical Requirements
The employee must occasionally lift and/or move up to 10 pounds.
Security and Conduct
All employees are to follow prescribed security procedures, policies and banking regulations to ensure strict compliance with all regulations, the safety and well-being of the bank and its employees. In addition, adherence to the BSA policies and procedures designated to the position and the ability to recognize and appropriately report suspicious activity to the BSA Officer are an important component of each job. Any information acquired through the business of the bank is to be treated as strictly confidential information not to be improperly divulged to unauthorized individuals. The Bank's objective is to provide customers and the communities we serve with high quality personalized service, innovative products and sound financial assistance, creating challenging career opportunities for our employees and a work environment that encourages their input and continued development. We maintain a professional atmosphere for our customers as well as for our employees and expect all employees to adhere to the code of ethics and dress code at all times. It is the policy of the Bank that employees maintain a working environment that encourages mutual respect, promotes civil and congenial relationships among employees and is free from all forms of harassment and violence. Overall compliance with the Bank’s policies, security and codes of conduct are equally important in meeting overall performance objectives of the position.
Disclaimer
This job description is intended to describe the general nature and level of the work being performed by employees in this position. It is not intended to be a complete list of all responsibilities, duties, and skills required for this job classification. Managers may, at their discretion, assign or reassign duties and responsibilities to this job at any time.