Summary/Objective
Credit analysts are assigned to support Commercial Loan Officers in the underwriting of new credits and servicing of credit relationships. They are responsible for independently analyzing the quality of loan requests through financial analysis, collateral valuations, and repayment capacity of new applicants and existing obligors. Also, continual monitoring of credit relationships is assigned to ensure borrower compliance with approved terms and portfolio management.
Principal Duties
Reasonable accommodations may be made to enable individuals with disabilities to perform principal duties and essential functions described herein.
1. Analyze the financial condition of businesses and individuals and evaluate the quality and sufficiency of various sources of repayment, collateral, and the appropriateness of credit structures for new loan and renewal requests.
2. Act as a control point in the loan approval process to ensure adherence to credit policies and loan covenants.
3. Interpret and analyze the applicant's business plan, financial statements, and related materials in conformity with GAAP financial statement reporting, bank procedures, and credit policy.
4. Prepare loan presentations providing adequate details of the credit structure, management evaluation, and the background of the business and industry, provide assessment and adequacy of deal structure, risk ratings, and creditworthiness, and participate in presentation and/or present loans to the approving authority.
5. Provide recommendations, noting any deviations for existing commercial loan relationships.
6. Conduct collateral analysis for existing loans on an ongoing basis. This would include inventory and accounts receivable substantiation for Borrowing Base loans or audits of floor plan vehicles and equipment.
7. Understand procedures and documentation requirements for credit-enhanced lending through programs such as SBA.
8. Provide post-funding analytical and monitoring support of credit relationships and portfolio maintenance.
9. Maintain a working knowledge of the bank’s lending policies, procedures, and philosophies toward various types of loans that may include, but are not limited to, consumer, residential, small business loans, commercial real estate loans, and construction loans.
10. Become knowledgeable with and ensure compliance with regulations of governing agencies and industry best practices. These include but are not limited to:
• Equal Credit Opportunity Act (Reg B)
• HMDA (Reg C)
• Flood Disaster Protection Act
• Truth in Lending (Reg Z)
• Unfair, Deceptive and Abusive Acts and Practices (Reg AA)
• Fair Credit Reporting Act (Reg V)
• RESPA (Reg X)
• Bank Secrecy Act
• Anti-Money Laundering Act
• Privacy Act
11. Follow all Bank policies and procedures.
