The Credit Analyst assists the Corporate Lending team by scanning credit and financial files, assembling credit files, procuring credit reports, and running and assembling a variety of financial and tax reports. The Credit Analyst is responsible for analyzing credit data to estimate degree of risk involved in extending credit to firms or individuals.
PRIMARY FUNCTIONS (and other duties may be assigned)
- Financial Statement and Tax Return Analysis with Excel and Cash Tax creating financial spreads for new and existing credit requests.
- Assists loan officers in analyzing applicant financial status, credit, and assists with property evaluations to determine feasibility of granting loans.
- Will have direct client interface in credit data gathering and loan marketing responsibility.
- Assists in completing pre-flights and credit presentation reviews (i.e. Credit Authorizations) for new loans; analyzes business and personal financial statements and tax returns for compliance with basic credit standards.
- Assists in running Experian, D&B, Dataquicks reports, and Uniform Commercial Code (UCC) search requests.
- Assists in requesting property appraisals, applicant credit reports, background checks, reference checks, and other information pertinent to loan applicant's evaluation.
- Assists lending staff in drafting LOIs and assists in editing and completing CBC Credit Authorizations for Directors Loan committee.
- Assists in preparing and assembling credit files for review by lending team; helps assure basic information has been presented in a complete and accurate manner.
- Assists in performing scanning and callbacks to complete information shown in credit files; and helps complete letters of requests for credit information.
- Assists in reviewing credit files; ensuring compliance with regulations and bank standards.
- Helps update and maintain portfolios using tickler system.
- Assists loan officers maintain borrower covenant compliance
Required Minimum: High School graduation or equivalent, supplemented by college level coursework in accounting and/or financial analysis. Knowledge of financial statement, tax return, and cash flow analysis, basic knowledge of accounting principles, commercial loan processing, and ability to analyze financial statements, tax returns and cash flow.
Desirable: Bachelors in Finance, Accounting, Economics, or related degree preferred.
- Accounting methods
- Financial statement and tax analysis practices
- Credit eligibility standards and review requirements
- Customer services principles
- Recordkeeping methods
- Competent in Excel, Word, PowerPoint, and Outlook. Knowledge of creating templates, charts, graphs. Proficient in Use of financial systems software applications.
- Use a computer copier, fax, calculator, and other office equipment
- Effective oral and written communication skills
- Analytical and organizational skills
- Plan, organize and prioritize projects to meet deadlines
- Provide customer service to bank and relationship managers
- Maintain accurate records and logs
- Prepare reports and other written documentation
- Interpret and follow guidelines
- Read and analyze financial documents