What are the responsibilities and job description for the Commercial Credit Analyst position at Veritas Partners?
ESSENTIAL FUNCTIONS
- Responsible for the completion of financial spreads and analysis; credit approval and memo review for loan presentations in conjunction with Commercial Originators, all in an independent and objective manner
- Oversees the review of financial, collateral and other related documentation used to evaluate commercial loan requests in order to approve or deny applications for credit
- Participates in the credit approval process; monitors adherence to loan policy, ensures accuracy of risk rating system, ensures effective evaluation and administration of collateral
- Maintains a continuing and informative record of data from which lending officers may make fully informed loan decisions; spreads and analyzes, historical and projected financial statements, tax returns and other pertinent financial information to determine overall financial performance, condition and creditworthiness of Borrower and other obligors; reviews credit files for documentation and exceptions, submits periodic exception reports; and engages in effective and timely communication regarding credit considerations and issues with Credit Administration and Commercial Bankers
REQUIRED EDUCATION, EXPERIENCE AND SKILLS
- Requires BS or BA degree in accounting or finance or related field from an accredited four year college or university
- Minimum of two - five years of experience in commercial credit analysis, underwriting and/or a formal credit training program
- Advanced knowledge of commercial and industrial, general business, asset-based and equipment finance loans within respective economic market areas
- Sound credit and analytical skills
- Advanced understanding of balance sheets, income and cash flow statements
Salary : $110,000 - $150,000
