Commercial credit analyst job description

Our headquarters office in downtown Los Angeles has an immediate opening for a Credit Analyst to assist the credit team with the credit origination process, financial reviews, and credit analysis. This self-motivated multi-tasker will be responsible for reviewing borrower information, spreading financial data derived from financial statements and tax returns, performing cash flow analysis and preparing projections. Responsibilities include:

Assists VP of Credit / Credit Manager / CCO, with the collection and analysis of information that reflects the creditworthiness of current and prospective clients in assigned territory. Performs initial and/or thorough review by gathering and analyzing their background credit and legal information to validate their credit worthiness and legal standing.

Examines, analyzes, and evaluates complex documents and business structures. Extrapolates data from financial statements / credit agencies / “Google” searches /tax returns / and all available resources, in order to perform financial spreads and cash flow analyses utilizing “Financial Tools” software.

Analyzes financial information such as management accounts and cash flow statements and utilizes knowledge and independent judgment to determine the degree of risk when compared to the Bank’s Credit policy. Makes appropriate recommendations.

Assists in requesting credit and rating information from rating agencies such as Moody’s, Standard & Poor, Veri-Check, performs UCC searches, and orders third party reports required for underwriting proposals. Follows up to ensure updated financial information is received timely.

Analyzes data and calculates the risks associated with granting business loans, real estate loans, individual loans for business purposes, and extending lines of credit for equipment and other goods.

Develops financial profiles for each business by investigating its credit history and weighing its cash and other liquid assets against its debts. Updates profiles using tickler system.
SKILLS:
Bachelor’s degree (B.A./B.S.) or equivalent from two-year college or technical school in Accounting, Business, Economics, or related financial field 3+ years of experience working in commercial credit/lending department Experience working with commercial and commercial real estate loans. Experience in financial accounting and ability to perform cash flow analysis. Understanding various business operations and industries and how they relate to financial analysis and structuring of loans.
SBIC is an Equal Opportunity Employer
Company DescriptionState Bank of India (California) is a full-service financial institution, offering an extensive portfolio of lending solutions as well as comprehensive consumer, business, and international services. The Bank was established in 1982 as a California State Chartered Bank under the Department of Financial Institutions in Los Angeles, California. At present, we have a total of seven branches throughout California with our headquarters located in Downtown Los Angeles. Through our branch and online network, SBIC has a strong presence and specialization in specific business sectors and expanded strategic markets.

NuMark's mission is to enrich the financial lives of our members. Our growing Credit Union has over 140 employees, nine Chicagoland branches, and over 50,000 combined members. We offer a full menu of financial services from mortgage and auto loans to free checking accounts and business services. NuMark Credit Union is dedicated to putting our members first, treating them like family and helping them do more with their money. We help members get to their fantastic future faster.

What You'll Love About Us....

At NuMark Credit Union, we recognize how vital our team is to the success of our organization. We believe that investing in the wellness and professional development of our people should be at the forefront of how we operate. Our focus is on making employees feel valued and supported because we know a strong team and positive culture is what gives us a competitive advantage in the markets that we serve.

NuMark Credit Union believes in social responsibility. You'll have opportunities to strengthen the communities we serve through volunteer days and fundraising programs. We have partnered with non-profits like the Northern Illinois Food Bank, Toys for Tots, The Bridge Teen Center, Wreaths Across America and other community organizations that make our neighborhoods a better place.

The Benefits....

We want to make sure you are taken care of, which is why we strive to offer competitive and cost-conscious benefits for you and your family. Full Time Employees can choose between several plans from Blue Cross Blue Shield (HMO or PPO), Dental, Vision, 3 weeks of Paid Time Off, Paid Holidays Off, Company Lunches and Parties, Birthday Holidays, Life Insurance (Company Paid), Short and Long Term Disability (Company Paid), 401(k) Savings Plan with Company Match, Flex Spending Account, AFLAC Portable Insurance Plans, Education Reimbursement for Bachelor or Master's Degrees, Employee Assistance Program, Paid Community Volunteer Time and Career Advancement Opportunities.

About The Role....

Under the general supervision of the Senior Vice President of Commercial Lending the Commercial Credit Analyst reviews credit data to evaluate commercial loan requests. Analyzes sources of financial information to determine potential risk and profitability of a loan. The Commercial Credit Analyst collects and reviews interim financial reports of existing member relationships to evaluate compliance with loan documentation requirements and prepare periodic reports for review by management. Ensure compliance with regulatory requirements affecting the area of responsibility.

What You'll Do....

• Underwrite C & I and CRE credit requests for new and existing commercial client base to produce credit worthiness recommendations. This includes collecting information from various internal and external resources, recording into risk base model, analyzing, interpreting and reporting results and ensuring signature authority has been obtained.
• Spread financial statements and conduct thorough analysis of applications for commercial credit requests and for internal loan review.
• Calculate debt service coverage analyses and assessments of collateral.
• Investigate credit records and related financial information.
• Prepare loan presentations and make recommendations based on financial findings.
• Demonstrate strong attention to details, follow up and problem-solving abilities.
• Monitor and maintain certain collateral records and update borrowing base calculations.
• Efficiently manage deadlines in high-pressure work environment with varying degrees of supervision.
• Prepare annual reviews for existing members.
• Maintain current knowledge and consistent compliance with Federal and State regulations, bank policies and internal banking policies and procedures related to the position.
• Performs other duties as required.

The Knowledge, Skills and Abilities You'll Need....

• Bachelor's degree in finance, Accounting, Economics or related field and/or equivalent training and experience
• 2 Years of Commercial Credit Experience is preferred.
• Knowledge of financial statements and general accounting
• Strong communication skills, both written and verbal.

Equal Opportunity Employer....

At NuMark Credit Union, we are proud to be an equal opportunity employer focused on the development of and inclusive workplace. We are committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles. As such, we consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status.

Job Posted by ApplicantPro

FUNCTION: Works proactively with loan officers to prepare independent comprehensive written presentations of the Bank's existing and prospective business lending relationships. These relationships range from small business loans originated by branches to the largest business loans, and include C&I, CRE, and community development transactions.
KEY ACCOUNTABILITIES:

+ Spreads and independently analyzes complex financial statements, cash flow ability, etc., to develop an assessment of a borrower's credit risk. Works closely with loan officers in evaluating new credits.

+ Assesses the borrower's overall financial condition; details risks and mitigants; evaluates adequacy of repayment sources, including cash flow, leverage, collateral adequacy, and guarantor strength.

· Assesses compliance with regulatory guidelines and identifies exceptions to loan policy, and recommends appropriate risk ratings.

· Approves loans within assigned lending authority and makes recommendations to management for loans that have policy exceptions and exceed lending limits.

+ Seeks to find creative alternatives to meet client borrowing needs. Is familiar with alternative loan structures, and government guarantee programs that can be used to manage credit risk.

+ Reviews collateral valuations and legal documentation for accuracy and compliance with Bank policies and applicable regulations

+ Assists with other responsibilities such as technology initiatives, process improvement initiatives, appraisal coordination and/or review, Management Loan Committee activities, and other special projects as assigned.

+ Able to underwrite both small and large credit transactions, varying analyses based on deal and credit complexity.

+ Collects and maintains industry data; researches industry specific information from outside sources, online resources, industry publications, references from other banks, and credit agencies.

Customer Experience:

+ Works to deliver superior client service at all times.

Compliance and Control:

+ Assists in ensuring that the Bank complies with local, state and federal regulations.

General:

+ Interacts harmoniously and effectively with others, focusing upon the attainment of bank goals and objectives through a commitment to teamwork, especially between the underwriting and lending functions

+ Conforms to acceptable punctuality/attendance standards as expressed in the Employee Handbook

KNOWLEDGE/SKILL & EXPERIENCE REQUIREMENTS:

+ Bachelors Degree in Business or Accounting related field

+ Minimum of 2 years of commercial credit experience. Experience level will drive Position

+ Strong analytical and organizational skills with an ability to interact effectively with all levels of staff and management

+ Excellent customer service skills

+ Prior success in a customer contact role desirable

+ Strong communications skills, verbal and written

+ Strong PC skills

PHYSICAL DEMANDS, CONDITION REQUIREMENTS, & EQUIPMENT USED:

+ General office environment

+ Moderate lifting (to 35 lbs.) required. Moderate reaching, walking, sitting and standing required

External and internal applications, as well as position incumbents who become disabled, must be able to perform the essential functions (as listed) either unaided or with the assistance of a reasonable accommodation to be determined by management on an individual basis.