Credit Analyst

Description

The position of Credit Analyst will provide loan support to our Lenders in accordance with the organization’s Mission Statement and Core Values. The position will work with internal personnel, customers, both current and prospective, and vendors, such as title companies, insurance companies, and government entities. The responsibilities include providing competent credit analysis for lending activities, conducting credit reviews, annual renewals, and supporting the lenders as needed.

The position reports to the Credit Manager.

Credit Analysts are given an excellent opportunity to learn the Commercial Lending process (financial analysis, underwriting, policy & procedures) as mentored by Loan Officers.

Assist Lenders in analyzing existing and new customer requests

Order, interpret, and analyze credit reports.

Collect and analyze tax returns and financial statements to assist in the preparation of loan write-ups, identifying customer strengths/weaknesses and questions/concerns to be raised with the client.

Prepare financial forecasts and pro forma statements in consultation with Lenders to assist in the assessment of borrower capacity.

Prepare detailed Credit Memorandums with defined Credit Quality Expectations within Credit policies and procedures for review and approval

Responds to internal and external inquiries regarding the status of loans in process, technical exceptions, loan documents, and other banking-related questions.

Supports Commercial Lenders in the servicing and management of business customers and commercial loan portfolios

May assist Lenders as needed in commercial construction projects by maintaining cost breakdown spreadsheets. Prepare draw requests and gather lien waivers.

Drafts commercial loan setup sheets.

Serve as the liaison between Lenders and Loan Processing, coordinate the request/receipt of business and personal financial statements

Assist with reviewing all 3rd party reports required for loan approval (including appraisals, environmental reports, etc.)

Examines documents to ensure accuracy and compliance with existing guidelines, policies, and procedures.

Ensures credit and document files are complete and organized and have no exceptions.

Review loan documents prior to closing (legal descriptions, closing dates, loan documents prepared in-house or by legal counsel, etc.) and close loans with customers in the absence or at the request of the Lender.

Loan pipeline management ensuring key milestones are met and that the file closes in a timely manner

Annual renewals: ensure loans are renewed on a timely basis, assisting with the renewal process and filing comments.

Review portfolio reports to be informed of workflow, maturing loans (early identification of need for loan extensions), covenant compliance, etc.

Proactive communication on loan status to borrowers

Review and apply SBA guidelines for SBA loan application, review, and closing.

Supports Loan Assistants as needed, and acts as their backup:

Maintain files, copies, faxed documents, and records documents. File, scan documents, update information

Orders flood certifications, appraisals, inspections, title insurance, UCC searches, and surveys as needed.

Engages appraisers at the request of Commercial Lenders.

Clears all commercial loan documentation deficiencies and provides ongoing servicing of the loan portfolio

Image loan documents within established timelines. Provide ongoing support to foster customer relations. Ensure ongoing maintenance of loans in the system to meet the bank's and customer’s needs

Participate in credit training to remain current on standards and expectations

Maintain knowledge…