Commercial Credit Analyst collects, reviews, and analyzes data to prepare a detailed credit analysis that evaluates the terms and creditworthiness of commercial loan applications. Uses multiple sources of information, including financial statements, collateral appraisals, credit scores, and cash flow analysis, to assign risk ratings to loans and complete an analysis of the applicant's financial status. Being a Commercial Credit Analyst calculates debt-to-income (DTI) ratios to evaluate an applicant's ability to repay the loan. Prepares credit memos in a standardized format that includes key ratios, supporting information, an executive summary, and objective recommendations. Additionally, Commercial Credit Analyst presents credit reports to loan officers and loan committees. Requires a bachelor's degree. Typically reports to a supervisor or manager. The Commercial Credit Analyst work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Commercial Credit Analyst typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Our client is an outstanding credit union that is looking to add a strong Commercial Credit Analyst to their team.
This position is responsible for evaluating the financial statements and condition of commercial loan members applying for credit.
Analyzes complex personal and corporate loan portfolio financial statements for loan risk rating and monitoring purposes on a single loan or relationship basis.
Performs timely and accurate annual reviews to monitor credit quality and early identification of deterioration of credit quality.
Analyzes such items as income, quality of management, market share, potential risks and collateral appraisal. Prepares loan presentations, which include credit analysis and a summary of the loan request.
This is accomplished by providing outstanding service to both internal and external members as defined by living and demonstrating the core values of the credit union;
Act with Integrity, Drive Progress, Build & Strengthen Relationships and Keep People at the Core.
Major Duties and Responsibilities
Underwrites existing and prospective commercial client requests. Tasks consist of analytical review of all financial statements, comparison of the client's historical financial performance with industry and competitor trends.
Assesses collateral offered and its marketability to make certain the credit relationships meet internal policy guidelines and regulation standards.
This may include coordinating functions with related departments, providing support as needed, keeping management informed of area activities and of any significant problems, attending and participating in meetings and committees as required and completing required reports and records.
Answers questions and resolves requests. This may include assisting department personnel with administrative tasks as needed, and maintaining and protecting the Credit Union's professional reputation.
Additionally, all employees must follow policies and procedures to minimize risk by exercising judgment, raising questions to management, and adhering to policy guidelines.
Qualifications
Experience
At least two years of Commercial Credit Analysis Experience. Minimum of two years of Commercial Lending experience. Knowledge of Credit Union lending and collections programs, policies, and procedures.
Understanding of financial analysis and determination of credit worthiness. The candidate should have a clear understanding of general accounting principles as well as general knowledge of business, finance and economics.
An advanced knowledge and understanding of multiple balance sheets and corporate entities with the ability to interpret all forms of financial data and instruments is needed for this role.
Strong analytical abilities. Sageworks credit analysis software experience preferred. SBA experience preferred.
Education / Certifications / Licenses
A college degree.
Last updated : 2024-04-24
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