Credit Analyst I

The Credit Analyst position is responsible for gathering, analyzing, and interpreting credit information for existing and prospective customers in order to assess credit quality and to minimize risk and potential loan loss.

Responsibilities

• Reads, reviews, and understands various financial statements to include but not limited to; tax returns, balance sheet, profit and loss statements, aging's, borrowing base certificates, debt schedules, equipment lists, business credit reports, credit bureau reports, rent rolls, lease agreements, fall cash flow, personal financial statement, environmental reports, and appraisals. 
• Prepares financial spreads for various types of commercial and real estate businesses and individuals establishing a direct obligation as a borrowers or guarantor. 
• Prepares credit memos for new or renewing loan requests that will be presented for loan decision. Has a thorough understanding and is able to accurately communicate the following aspects of the credit memos: 

1. Financial statement analysis including trend, ratios, margins, sensitivity, and pro forma. 
2. Cash flow analysis including traditional and UCA. 
3. Collateral analysis including BBC review, real estate appraisals, equipment appraisals, contracts, and purchase agreements.
4. Guarantor analysis including cash flow, personal financial statement, and credit report. 
5. Risk rating 

• Analyzes findings through underwriting due diligence and narrates information in a comprehensive analysis using a variety of data analysis (charts, formulas, graphs, etc.).  
• Analyzes the credit worthiness of a commercial applicant and guarantors through the review of financial statements and identifies key risks of the relationship.  
• Evaluates the credit quality and suggests proper risk rating based on analysis in the Credit Memo. Ensures relationships are appropriately risk rated during the underwriting process and recommends risk rating changes to the Banker in a timely manner. 
• Provides prompt turnaround on customer and credit requests, while communicating the status of loans in process with the Banker and/or direct manager. 
• Reviews and articulates findings within third party collateral reports to the Banker and/or direct manager. 
• Meets with and interview customers to develop a thorough understanding of the loan request and the business relationship. 
• Uses knowledge of the loan policy to detect deviations, exceptions, and variances on loan proposals. Ensures that all credit requests are properly approved or exceptions documented based on loan policy standards. 
• Assists the banker in completion of quarterly Problem Loan Reports on the bank's risk rated customer. 
• Completes annual reviews, risk rating changes, and other file comments to preserve the credit integrity of the loan portfolio. 
• Provides ongoing monitoring of borrowers' financial indicator covenants for compliance with loan documents. 
• Prepares various loan reports as directed from Credit Leadership. 
• Develop knowledge on SBA or FSA loan products along with policy and procedures. 
• Attends general credit analysis training provided by Credit Manager as well as RMA or MBA classes. 
• Complies with responsibilities as they relate to the Bank Secrecy Act (BSA), Anti-Money Laundering Act (AML), Patriot Act, and Office of Foreign Assets Control Regulations (OFAC). This includes participating in any required training and promptly complying with all reporting requirements. 
• The position may require travel to various Choice Bank offices. 
• Performs duties outside normal scope as assigned. 
• Other duties and special projects as assigned.

Requirements

Qualifications  

• 1-3 years of experience as a Commercial Credit Analyst 
• Proficient with Microsoft Office Suite, including Word, Excel, Outlook, and PowerPoint 
• Demonstrates a desire to learn new skills 
• Exhibits a record of time management abilities 
• Outstanding communication skills, including oral and written

Cultural Alignment   

Choice is #PeopleFirst, banking second.  

People don't need just another bank. People need to be supported by a team of trusted partners who will get to know them and their business, understand their challenges, discover their dreams, and recognize the success in bringing people and banking together in our communities. 

In contributing to our culture, Choice team members are guided by our core values. 

• Embrace change and encourage innovation. 
• Know when to ask for help and know when to offer help. 
• Better the places we live. 
• Work hard. Do the right thing. Have a little fun. 

Our vision of Diversity at Choice is supported by our #PeopleFirst mission and our core values. 

Being #PeopleFirst means that Choice is committed to focusing attention and resources towards creating an environment where everyone feels respected and valued and can do their best work. Doing the right thing means encouraging employees to share their experiences and ideas, and to bring their whole authentic selves to work. Together, we can build an inclusive culture that seeks out, supports, and celebrates diverse voices. We can use our diversity to fuel creativity and innovation and bring us closer to our customers and the communities we serve. Be welcome at Choice. We can see you here. 

Disclosure 

This job description is intended to describe the general content of, and requirements for, the performance of this job.  It is not to be construed as an exhaustive statement of duties, responsibilities or requirements. All requirements are subject to possible modification to reasonably accommodate individuals with disabilities. Some requirements may exclude individuals who pose a significant risk to the health and safety of themselves or other employees.  

All employment at Choice Financial Group is "at will" employment. This position description does not create an employment contract, implied or otherwise.