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- Credit Analyst
Credit Analyst
Department: Credit Administration / Reports To: VP/Senior Credit Administration Officer / Grade: $21.55 - $32.97 per Hour
- Utica, NY
Summary
Reviews various financial documents and credit file information to assess a borrower’s ability to repay, prepare comprehensive loan presentations and determine overall relationship risk rating based on this analysis. Must possess knowledge of applicable banking compliance regulations.
Essential Duties
- Work with lenders and CCO to ensure consistent and accurate credit analysis and loan presentations
- Prepare financial statement spreads and perform comprehensive analysis of cash flow
- Evaluate individual personal financial statements, tax returns, and prepare global cash flows
- Verify compliance with credit policy, applicable regulations, and lending procedures
- Conduct industry and market analysis to identify risks and risk mitigating factors
- Prepare analyses of complex loan requests, reviews, and renewals
- Work with lenders to provide timely response and turnaround by monitoring and prioritizing pipeline
- Work with lenders, CLO and Credit Administration to ensure the appropriate level of regular analysis for all credits
- Work with lenders on new and troubled relationships in understanding the cash flow, balance sheet qualities, and overall strength and weaknesses of the transactions
- Provide exemplary customer service to both internal and external customers
- Formulate questions based on financial statements and other client information identifying changes in customer’s financial condition
- Utilize the findings of the analysis, identify structural deficiencies within the commercial relationship and report mitigations
- Maintains all commercial relationship files
- Required to attend or participate in necessary compliance training, including but not limited to BSA, Security, Information Technology, OFAC, Privacy and applicable BVS courses
- Perform all other duties as assigned
Job Requirements
- BA or BS in Accounting, Finance, Economics or related field required OR equivalent experience in commercial lending
- 0-3 years’ experience in credit analysis preferred
- Excellent verbal and written communication skills
- Ability to multi-task in highly demanding environment
- Strong analytical skills with the ability to remain focused & work independently
- Must possess excellent oral and written communication skills
Additional Recommended Training
RECOMMENDED TRAINING:
- Principals of Banking
- Loan Documentation
- Money & Banking
- Analyzing Financial Statements
- Commercial Lending
ADDITONAL RECOMMENDED TRAINING:
- Law and Banking
- Real Estate Law
- Loan Structuring
