Credit & Appraisal Analyst

Description

This position will be responsible for assisting with the analysis of financial statements on all commercial and commercial real estate loans; for assisting in the Bank's loan review and rating functions; for ensuring complete, timely and up-to-date documentation in all commercial and commercial real estate loan files; supporting the Bank’s residential appraisal and evaluation process for commercial loan requests; to ensure the reports are regulatorily compliant;

and to meet the Bank’s credit standards for conducting appraisal reviews and related file maintenance, and for supporting Bank products and services.

Financial analysis: Spread and assist in the interpretive analyses of financial statements and supporting documentation on new commercial and commercial real estate loans; prepare appropriate documentation to assist in the loan decision-making process.

Review and analyze updated financial statements and supporting documentation on existing commercial and commercial real estate loans on at least an annual basis; prepare appropriate reports for the Senior Commercial Credit Officer, Loan Officers and Loan Committee. Discuss any perceived credit weaknesses or potential credit problems with the Loan Officers, Credit Analyst, Senior Commercial Credit Officer or members of Internal Loan Committee;

make recommendations as appropriate.

Prepare reports as necessary for the Internal Loan Committee, Loan Review Committee and Board of Directors.

Remain abreast of current legal, regulatory and other issues affecting credit administration.

• Comply with all Federal and State banking and accounting regulations and all Bank and department policies and procedures.
• Meet or exceed established objectives and standards for the Associate Credit & Appraisal Analyst performance.

Credit review: Be very familiar with the Bank’s loan policy and be able to identify any exceptions to the policy. Review existing commercial and commercial real estate loans and prepare/update a loan rating/grading report as needed.

Credit file maintenance: Review all new commercial and commercial real estate loan files and ensure that the appropriate information is in place to support the loan decision and ongoing risk rating; follow-up with the Senior Commercial Credit Officer, Senior Commercial Banking Officer or Chief Loan Officer as necessary to obtain required documentation on new loans. Identity and report trends in the underwriting process to the Senior Commercial Credit Officer.

Review and analyze residential appraisal reports: Order and review residential appraisals as necessary to support commercial lending activities. This individual will work with Loan Processing, Operations, Administration and Loan Officers. The Associate shall analyze appraisals and evaluations prepared by external appraisers, Bank employees, appraisal management companies, and qualified third parties on residential real estate valuations for credibility, reasonableness, and compliance with the Uniform Standards of Professional Appraisal Practice (USPAP), government, and Bank policy requirements.

Further, under the oversite of the Senior Credit & Appraisal Analyst, this individual will support the review process for appraisals and evaluations of commercial properties prepared by external appraisers, Bank employees or qualified third parties. The reviews will consider credibility, reasonableness and compliance with the Uniform Standards of Professional Appraisal Practice (USPAP), government, and Bank policy requirements.

Identify, analyze and report deficiencies in the valuation product under review that are material and may impact the completeness, adequacy, relevance, and credibility of the appraisal or evaluation report. Refer problems or unusual circumstances to the Senior Credit & Appraisal Analyst or Senior Commercial Credit Officer. Must be impartial, objective, and independent of the lending process.

Work with appraisers, qualified third parties, and employees to correct any deficiencies or issues identified during the appraisal/evaluation review process, within prescribed time frames.

Develop strong and effective…