Credit Risk Analysts represent the second of three Credit Risk Analyst levels. The Credit Risk Analyst will Independently examine the level of risk within the bank's loan and investment portfolio. The Analyst will review individual loan files to understand and assess the structure, sources of repayment and exceptions of each loan. They provide written reports for each review summarizing their individual assessments. The grading and exceptions determined from these reviews directly affect the Allowance for Loan and Lease Losses and are reviewed by regulatory agencies and external auditors throughout the year. Additionally, they prepare various reports for upper management. ESSENTIAL DUTIES AND RESPONSIBILITIES:
Examine complex loans and investments to determine compliance with all appropriate regulations, bank policies, and Loan Committee minutes.
Prepare financial statement spreads and perform credit analysis on historical and projected financial information.
Analyze individual loans to assess cash flow adequacy and collateral protection.
Evaluate and verify appropriate loan grades and structures.
Support commercial lenders by performing research, statistical analysis, and fielding questions related to Loan Policy.
Interpret Loan Policy, Appraisal Policy, and lending regulations.
Prepare a written report of borrower's cash flow, trends, loan structure, and any exceptions to Loan Policy for every loan reviewed.
Analyze problem loans held in the portfolio.
Prepare and/or perform a quality assurance check of the Allowance for Loan and Lease Losses.
May perform secondary reviews of other Analyst and Associate Analyst's initial review.
Train new Analysts and Associate Analysts.
Provide guidance and support to other Analysts and Associate Analysts.
Perform other duties and projects as assigned to include loan reserve balancing, charge-off reporting, FDIC reports, loss rate analysis, large borrower reports, and quality assurance reviews.
Understand and comply with all provisions of the Safety in the Workplace policy. KNOWLEDGE AND SKILLS: Desire to take responsibility for independent work, flexibility to multitask, and capacity to prioritize workload to meet deadlines are required to complete the job functions. Salary commensurate with experience. Willing to hire into a lower career stage. Requirements MINIMUM QUALIFICATIONS OF POSITION: Typically requires a bachelor's degree in related field and a minimum of 2 years of related experience. A combination of post-high school education, job related certification and related experience equivalent to 5 years may be considered in lieu of minimum requirements.
Two years' professional experience in Loan Review or as a credit analyst
Thorough understanding of credit file documentation
Understanding of personal and business financial statements and tax returns
Basic understanding of legal structures of a business (i.e. C-Corp, General Partnership, S-Corp, LLC, Sole Proprietorship, etc.)
Ability to be bonded PREFERRED QUALIFICATIONS OF POSITION:
Bachelor's Degree in Business or Economics
Bachelor's Degree with an emphasis in Finance or Accounting
High initiative and self-motivation
Strong interpersonal and customer service skills
Previous commercial loan underwriting experience with an understanding of NOI, cap rates, vacancy, rent roll, and collateral review
Analytical and decision making skills
Excellent written and verbal communication skills
Microsoft Office proficient with an emphasis in Excel
Ability to multitask
Detail oriented WORKING CONDITIONS AND PHYSICAL REQUIREMENTS: Work is performed in an office environment with moderate noise levels and light to heavy traffic. An individual in this position: Frequently remains stationary throughout a typical business day Frequently operates a computer and other office machinery, such as a calculator, copy machine, and computer printer Occasionally moves about inside the office to access file cabinets, office machinery, and other rooms Occasionally positions self to access drawers and shelves of various heights Frequently reaches for and handles paperwork and files Constantly communicates with customers, coworkers, and management in-person and on the phone Must be able to exchange accurate information