Supports the objectives of CAST with the spreading and detailed credit analysis of new and existing relationships within the Commercial Banking (C&I, SBA, & Business Banking) and Specialty Lending (Healthcare Banking, ABL, Corporate Finance, Institutional Syndications, Media and Entertainment, and Public Finance) Divisions. For new relationships, CA I will be responsible for providing accurate and timely spreads, of both borrower and guarantor, to the Underwriting team along with credit and financial analysis of financial and operating trends, financial condition, and overall creditworthiness. For existing relationships, the CA I will partner with the Portfolio Management teams to evaluate and assess the company's performance, evaluate trends, calculate and determine covenant compliance, and provide input on the risk rating. As a valued member of the Credit Products Group, the CA I will contribute to discussions with Credit Administration and Underwriting/Portfolio Management teams and work closely with CAST CA II and Team Leads to ensure loans are being evaluated and monitored in accordance with Bank policies and guidelines.
Collect, spread, and analyze financial statements for the Commercial Banking and Specialty Divisions within the Bank.
Collect, spread, and analyze personal financial statements and tax returns of individuals.
Provide timely and accurate spreads and credit analysis regarding borrower performance, operating trends, identify areas of concern, and/or inconsistencies.
Monitor borrower loan covenants including the submission of timely financial statements to the Bank.
Create, advance, and update ticklers to manage receipt of financial statements, compliance certificates, aging documentation, reviews, and renewals.
Provide training to junior analysis, including the review of spreads accompanying analysis.
Evaluate credit reports for businesses and individuals and incorporate findings into financial spreads and analysis.
Create reports to track and notify business partners of ongoing portfolio management requirements and activities including: annual renewals, reviews, covenant compliance, etc.
Responsible for adherence to all compliance programs, including but not limited to, completion of all required and assigned training modules by establishing due dates.
Understands and complies with requirements of all laws and regulations applicable to position.
Performs additional duties as directed.
Knowledge and Skills:
Strong understanding of accounting and the components of the balance sheet, income statement, and cash flow statements.
Must be able to read and analyze reviewed and audited financial statements, business and individual tax returns, personal financial statements, and credit reports.
Ability to conduct variance analysis focusing on company performance including operating and profitability trends as well as working capital analysis.
Understanding of standard cash flow, leverage, profitability financial metrics, and ratios in support of covenant compliance calculations.
Knowledge of Credit and Business Loan Agreements, Promissory Notes, and other Credit Documentation.
Ability to articulate credit analysis and complex financial/accounting concepts and findings both verbally and in writing with a variety of internal and external business partners.
Excellent organizational and time management skills including the ability to independently manage workflow and deadlines.
Ability to work independently as well as in a collaborative team environment.
Familiarity with Bank Spreading Software, including prior experience with Opus systems including nCino, CreditQuest, Fiserv Navigator, and Director.
Intermediate level skills in Microsoft Office.
Thorough knowledge of appropriate banking laws, regulations and institutions policies and procedures.
Education and/or Experience:
Four year degree in Business, Finance or Accounting with one or more years of work experience.
Financial institution work experience preferred but not required.