Credit Analyst; On-site - Bellevue, WA)

Heritage Bank currently has an exciting opportunity to join our organization!

We are looking for a Credit Analyst to join our Bellevue, WA team. The Credit Analyst will be responsible for assisting Commercial Bankers in underwriting credits, portfolio management, maintenance, and customer service for an assigned portfolio of commercial accounts. Additionally, this position will assist to ensure compliance with all policies, procedures and regulations, and the accurate and timely delivery of documents for closing the loan.

This position is relied upon to independently manage a small portfolio and prepare a thorough analysis of all aspects of a credit, including the preparation of financial spreads and projections in conformance with established Bank policies and procedures, for new loan requests, renewals and annual reviews, and responds to customer inquiries related to the lending process in a timely and accurate manner.

This position is Full Time (40 hours per week), on-site in Bellevue, Washington.

Level II: $36.44 - $45.55 – $54.66 per hour

Senior level: $91,707.00 - $ -$ annual

Depending on qualifications and experience, Credit Analyst II or Senior may be considered.

• Provides an exceptional level of customer service around all aspects of the banking relationship with a focus on the credit aspects in conjunction with the Commercial Banker assigned to the relationship.
• Independently interacts with prospective and existing clients to collect financial statements, tax returns, and other applicable information, to include, but is not limited to account receivables aging’s, account payable aging’s, rent rolls, operating statements, leases, corporate documents, and environmental reports.
• Independently completes and/or coordinates with Credit Administration, financial statement spreading and cash flow/global cash flow analysis, as requested and needed.
• Identifies loan purpose, source of repayment, collateral value/priority, and full written analysis of all credit elements within the credit memorandum (SCM).
• Participates in presentations/meetings with credit administration to negotiate structuring, pricing and edits needed to highlight and or partially mitigate credit risks.
• Tracks loan agreement compliance, covenant monitoring, borrowing base certificates and financial reporting, via use of the lending tickler system. Ensures timely and accurate follow up.
• Analyzes financial and other information and complete file memos or written analysis to document trends and, where necessary, report and/or gain credit approval for action taken on Loan Agreement violations.
• Independently interacts with customers to collect information needed to complete loan renewals ahead of loan maturity dates, to include information needed to order new property appraisals, as applicable.
• Participates in the construction administration process by collecting and reviewing required information for monthly draws in conjunction with the RECAD team.
• Complies with governing regulations by maintaining current knowledge of commercial law, UCC and Banking regulations and policies to ensure conformity with required laws and terms.
• Accompanies Commercial Banking Officer on business calls and/or site visits, as requested.

• Bachelor’s degree in Business Administration, Finance, Economics, Marketing or relevant discipline required. MBA preferred.
• L
  evel II
  - 3+ years recent commercial credit underwriting experience, which includes financial statement analysis, cash flow analysis, collateral evaluation and loan structuring in a commercial banking environment required.
• Senior level - 5+ years recent commercial credit underwriting experience, which includes financial statement…