Credit Analyst I

The Credit Analyst I provides credit analysis for the Bank’s lending activities and works with the Senior Credit Officer to ensure that sound judgements are made with regard to the creditworthiness of prospective and current borrowers.  This position supports the daily duties of underwriting and monitoring credit while performing analytical activities and identifying risks.

Essential Duties and Responsibilities:

· Prepares credit analysis for the lending activities of the Bank by analyzing financial information on borrowers and guarantors.

· Assists supervisor in credit and underwriting and perform analytical tasks.

· Evaluates credit limits and monitors credit risk.

· Interacts with current loan/credit customers, prospects, and bank lending officers.

· Analyzes loan data, including data provided by customers, credit bureaus, Bank records, and financial information, such as tax returns, financial statements, management accounts, and cash flow statements, on new and existing loans to ensure loan worthiness.

· Reviews loans, performs credit worthiness, and formulates recommendations for management.

· Periodically prices market securities used as collateral for certain loan relationships.

· Conducts appraisal reviews.

· Reviews and processes Business Manager’s advances and funding requests.

· Analyzes the credit and collateral aspects of business and individual loans both secured and unsecured.

· Prepares spreadsheets, reports, summaries, and opinions for Bank loan officers and loan committees to aid sound credit decisions on new and existing relationships.

· Ensures that all necessary information relevant for decision-making is included in the write up for credit lines and review presentation of credit lines.

· Ensures that customers’ financial statements are in line with Bank policies and express an opinion of the financial situation of the customer.

· Verifies the existence and conformity of source documents as well as the coherence of the presentation with the operations.

· Conducts financial analyses to support lending guidelines for impact on credit quality and efficiency, or other analytical projects as assigned.

· Stays informed about the legal, compliance, and market-risk-related issues involved in the approval of credit.

· Manages financial information files to assure current reports, financial statements and required information is received when the credit is reviewed.

· Assists supervisor in researching files during audit process and work closely with internal and external auditors and regulators upon request.

· Develops forms and documents for use as required loan analysis tools by loan officers to improve workflow and file documentation efficiency.

· Identifies and recommends opportunities for increased efficiencies as appropriate.

· Research, compile, and prepares reports, manuals, correspondence, or other information required by management or regulatory agencies.

· Complies with government, regulatory and Bank policies, and procedures.

Education and Experience:

• Associate degree in finance, accounting or economics required; Bachelor’s degree preferred.
• Minimum of three years of experience of financial spreading, accounting practices and financial statement interpretation.

Skills, Knowledge and Performance Expectations:

• Strong knowledge of credit risk management and experience with risk analysis and underwriting.
• Strong financial analysis skills and knowledge of accounting concepts.
• Demonstrates moderate knowledge of loan operating and core systems.
• Demonstrates strong ability to leverage industry knowledge, analytical thinking, and technical data skills to conduct analysis and respond to customer questions.

Work Environment and Physical Requirements:

• Position is located in a bank office that requires working indoors in environmentally controlled conditions.
• Ability to travel to customer sites, community events and company sponsored events.
• Ability to tolerate moderate noise levels.
• Ability to sit or remain sedentary for prolonged periods.
• Ability to perform repetitive movement by constant operation of all office and computer equipment as required to perform position, such as a computer, copier/printer, fax, calculator/adding machine.
• Ability to communicate with others to exchange information through telephone conversations, electronic mail, writing letters and memos and face-to-face discussions with individuals or teams.
• Ability to lift objects on a limited basis of approximately 10 pounds.

 

The work environment and physical requirements described provide a detailed representation of what employees might encounter in the workplace while performing the essential duties of the job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform essential job functions.

This job description is not designed to cover or to contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee. Duties, responsibilities, and activities may change, or new ones may be assigned at any time with or without notice.

 

PS Bank is an equal opportunity employer.