Commercial Credit Analyst

2 months ago

Idaho Falls, United States Westmark Credit Union Full time

Discover the Westmark Difference

Are you looking for a career? Do you want to be valued as an individual on a team? Do you want to learn, grow, and make a difference in your community? Westmark offers outstanding stability, a variety of career opportunities and exceptional work/life balance.

•60 % of our employees have been part of the Westmark family for 5+ years.

•71% of our employees who have been part of the Westmark family for one year or more have received at least one promotion.

•85% of our managers were promoted from within the company.

•Westmark has been in business since 1954 and has recently grown to over $1.2 billion in assets, 15 branches, and over 70,000 members

We also have some of the most impressive benefits in the industry:

•Paid Time Off (3 to 5 weeks per year, depending on tenure) PLUS 11 paid holidays.

•Excellent health insurance options for employees and family with shared premiums

•401k with 75% company match and 2% profit sharing contribution

•Tuition Reimbursement and Scholarships

•Employee Assistance Program (Free counseling and legal services)

Position Summary: Under limited supervision is responsible for performing credit analysis on income tax returns and financial statements provided by existing and prospective commercial loan prospects. Calculate commercial lending ratios and risk rating matrices for loan requests and for quarterly and annual loan reviews.

Essential Functions and Basic Duties:

  • Gather income tax returns, financial statements, and other credit data from prospective/existing commercial loan borrowers, their CPAs, or other affiliated parties as needed for loan requests and/or quarterly assessments.
  • Spread financial statements and income tax returns provided by commercial loan borrowers and perform extensive financial analysis.
  • Utilize standardized financial analysis spreadsheets, systems, or software provided by the Commercial Lending Manager to calculate and present business lending ratios and to identify financial trends for prospective new loan requests or for loan reviews of existing loan commitments.
  • Communicate strengths and weaknesses of applicant's financial positions and ratios to Commercial Loan Officers for use in loan decisions and loan reviews.
  • Common ratios the Commercial Credit Analyst will compute include but are not limited to Liquidity Ratios, Leverage Ratios and Operating Ratios.
  • Identify loan purpose, source(s) of repayment, collateral value and communicate findings in a full written analysis that can be included with the presentation memo.
  • Conduct Appraisal Reviews.
  • Complete quarterly and semi-annual commercial loan review forms for review and final approval as directed by Commercial Loan Officers, the Commercial Lending Manager or the Senior VP of Credit Administration.
  • Develop material for and assist in making loan presentations to the Commercial Loan Committee and Executive Credit Committee when necessary.
  • Perform relevant covenant testing on an ongoing basis.
  • Attend outside events supportive of the business lending mission as directed.
  • Participate in Westmark sponsored community events.
  • Serve as back-up to Commercial Loan Processor and perform any and all other duties assigned.
Performance Measurements
  • Demonstrates exceptional analytical skills and accuracy.
  • Promotes teamwork, cooperation and open communication among employees
  • Is able to interact with commercial loan clients and co-workers professionally and with integrity
  • Shows a positive, enthusiastic attitude.
  • Maintains a reliable attendance record and takes responsibility for his/her own actions
  • Represents the Credit Union, both during and outside of work hours, in a courteous, professional manner
Requirements

Required Knowledge and Abilities
  • Is goal and performance driven to succeed and obtain objectives assigned by management
  • Self-starter who enjoys working with the public and is confident in making assertive presentations
  • Effective oral and written communication, problem solving, and public relations skills
  • Ability to perform mathematical calculations commensurate with lending functions
  • Thorough understanding of branch security procedures
  • Knowledge of financial accounting theory and methodology
  • Strong ability to use a Personal Computer with intermediate abilities in Microsoft Word and Microsoft Excel
  • The ideal candidate will have experience with analyzing Commercial and Industrial (C&I), Commercial Real Estate (CRE), Construction and Small Business Administration (SBA)
Minimum Qualifications
  • Bachelor's Degree in a financially related field with emphasis in business, finance, or accounting; or five years relevant banking or credit union experience in commercial lending; or a combination of formal education, training and applicable experience.
  • Exceptional Excel skills including use of formulas and advanced financial calculations.
  • Excellent communication and problem-solving skills

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