Credit Analyst


JOB DESCRIPTION

Position: Credit Analyst

Reports to: Chief Credit Officer

General Function:
Identify, measure, monitor, and control the risks inherent throughout the loan portfolio and credit process. Underwrite, and coordinate the closing of consumer, residential, equipment, SBA, commercial and industrial, and CRE within the Bank’s lending policies and procedures. Promote business for the Bank by maintaining good customer relations and referring customers to appropriate staff for new services.
 
Major Duties and Responsibilities:
    • Manage the annual loan review process for the Bank’s entire loan portfolio, which includes the monitoring of updated financial information provided by Borrowers, conducting site inspections or ensuring that site inspections conducted appropriately, producing thorough and accurate loan reviews, and concluding with an appropriate risk rating for a large portion of the Bank’s current loan portfolio.
    • Manage the loan tickler system to ensure that loan ticklers are addressed, appropriately documented, and closed out.
      Coordinate with the Note Department Manager’s efforts to maintain data integrity within the Bank’s loan data systems. Ensure the data from the annual loan reviews, credit memorandums, and criticized asset reports are input accurately into the Bank’s core system. Obtain a strong familiarity with the loan portfolio and perform portfolio analytics to identify errors or inconsistencies with the loan portfolio data.
    • Assist Portfolio Managers on complex assignments as requested.
    • Assist Note Department Manager for assignments as requested.
    • Prepare accurate, objective, sound, and cogent credit write-ups with supporting schedules based on in-depth analysis of financial data within established time frames for presentation to the Bank’s Loan Committees. Underwriting document standards should generally include:
        • Financial information including current and historical balance sheet and income data, projections when appropriate, and comparative industry data when applicable.
        • Financial analysis, including repayment capacity.
        • Collateral identification and valuation.
        • Guarantor support and related financial information.
        • Summary of the borrower and affiliated credit relationships.
        • Loan terms, including tenor and repayment structure.
        • Pricing information, including relationship profitability data.
        • Data from credit bureaus, title searches, and UCC searches to determine that appropriate collateral positioning is achieved.
        • Appropriate covenants and requirements for future submission of financial data.
        • Exceptions to policy and underwriting guidelines and mitigants.
        • Information fields to capture data for concentration reporting.
        • Recommended risk rating.
    • Coordinate processing of approved loans; ensure loans are processed according to agreements, customer needs, and conform to Bank lending policies; obtain sufficient information and/or documentation from customers; solve problems relative to processing and servicing of loans within his or her portfolio; prepare loan disbursement approvals in accordance with agreements.
    • Interact with customers on renewals, extensions, past dues, or additional credit needs. Ensure that any credit weaknesses are identified at an early stage.
    • Ensure periodic reviews are timely and up to date and loan grades and accrual status are validated or new grades and accrual status recommended in a timely manner.
    • Ensure loans are in compliance with all financial and reporting requirements on an ongoing basis and update the database. As necessary, obtain required information from customers.
    • Respond to customer queries and resolve routine problems related to the processing and servicing of the loan.
    • Participate in community affairs to increase the Bank’s visibility and to enhance new business opportunities. Represent the Bank in the community and at civic functions to promote the Bank's image and the Bank's products and services.
    • Expand knowledge base through specialized training in areas that are a focus within the Bank.
    • Handle special projects and other duties and responsibilities as directed by the EVP/CCO.
    • Report to the CCO any concerns.

Qualifications:
    • Excellent customer service and communication skills.
    • Experience with credit analysis or related area.
    • Good organizational skills.
    • Team player.
    • Ability to multi-task.
    • Ability to determine if and when to follow up on items.
    • Solid understanding of financial statements and tax returns.
    • Solid understanding of financial analysis and credit analysis.
    • Knowledge of commercial, construction, real estate, and consumer lending.
    • Ability to define problems, collect data, establish facts and draw valid conclusion
    • Ability to interpret a wide variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables in non-standardized situations both verbally and in writing.
    • Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint) products is required.
    • Learn and become proficient in other essential software, such as Sageworks.
    • Knowledge of related state and federal loan regulations and other applicable Bank lending policies and procedures.
    • Take ownership of errors and finds ways to correct them appropriately.

Desired Skills and Aptitude:
    • Must be able to multi-task and the ability to be flexible in adapting to change.
    • Must be a self-starter, dependable, accurate in completing responsibilities with strong attention to detail and accuracy.
    • Strong abilities in problem-solving, analytical, researching, and decision-making abilities, as required.
    • Must possess strong management skills in sales, business development, customer service, and organizational development of a branch.
    • Proficient in computer skills.

General Requirements:
    • Maintain a respectful, courteous work environment free of unlawful discrimination and harassment of any kind.
    • Formulates recommendations and provides feedback to management regarding operational policies and procedures.
    • Demonstrated commitment to operational integrity, policies, procedures, and regulatory banking requirements.
    • Maintain the highest level of customer service standards and respond promptly to customer complaints.
    • Maintain knowledge and assures compliance with all applicable State and Federal banking regulations, bank policies, and procedures, including but not limited to the Bank Secrecy Act/Anti Money Laundering Program and Information Systems Security Policies.
    • Timely completion of compliance training.
    • Assume the duties and responsibilities of other staff members who are out of the office.
    • May require extended work hours to accomplish tasks.
    • Maintain a current understanding of stated procedures and policies, including regulatory compliance guidelines.

Physical Requirements:
  • Ability to work in a standard banking environment as well as a flexible post-COVID environment.
  • Occasionally required to lift and/or move up to 10-25 lbs. of force.
  • Ability to sit for up to 8 hours per day with time on the telephone and/or computer.
  • Ability to type at a computer keyboard and view a computer monitor for up to 8 hours a day.
  • Ability to use and facsimile, photocopier, and other general office equipment frequently.
  • Ability to apply logic and reasoning to carry out detailed, varied, and multi-step instructions and solve complex problems involving multiple concurrent tasks.
  • Uses fingers and hands to make small movements, e.g., typing, operating office equipment.
  • Normal talking and hearing.
  • Sedentary work; sitting most of the time. 
Beacon Business Bank is an Equal Opportunity Employer, drug-free workplace, and complies with ADA regulations as applicable.
 
Rev. 6-2021