Credit Analyst

Company: Exchange Bank
Location: Santa Rosa
Posted on: June 7, 2021

Job Description:

ESSENTIAL FUNCTIONS:

Credit Risk Analysis: 70%

• Complete comprehensive financial and risk analysis and documentation including the review of tax returns, financial
• statements, credit reports, and other relevant information.
• Monitor the loan covenant compliance process for assigned loans to ensure compliance with financial covenants and reporting requirements including sending compliance letters, and adjusting risk grades.
• Analyze business financial statements and tax returns for appropriate spreading using the Bank's loan origination software.
• Analyze personal financial statements and tax returns (including K-1's) for appropriate spreading and/ or cash flow analysis into loan origination software program.
• Complete borrowing base/collateral analysis.
• Ensure compliance with borrowing base certificates and notify management of delayed receipt or over advance situations.
• Identify and report relevant trends that may impact collectability and identify loan segments that represent potential problem for loan portfolio.
• Ensure timely renewal, and amendments and extension letters preparation for Letters of Credit.
• Analyze and underwrite new loan request on application only form, as requested.
• Analyze and underwrite simplified renewing lines of credits or loans on short form, as requested.
• Assist as back up administrator for loan origination software updates and training.
• Prepare simplified Credit Presentations (credit memos and CITs) for review by loan officer.
• Assist with Credit Support Specialist duties as needed.

Reporting: 20%

• Maintain department's compliance and reporting reports on a daily basis.
• Assist in providing written reports to management on violations of loan covenants and conditions for assigned portfolio.
• Monitor and prepare monthly and semi-annual Compliance Report on loan portfolio performance, including non-compliance with covenants.
• Complete quarterly BSA report.
• Prepare annual submission of financial data to RMA.

Non-Essential Functions: 10%

• Perform special projects and research as assigned.
• Perform other duties as assigned.

Core Job Specific Competencies:

• Analytical Thinking: Divides an object or issue into its component parts in order to understand how they interrelate; recognizes cause and effect relationships; considers several explanations/plans and makes logical conclusions.
• Continuous Learning: Takes responsibility for own learning and development by acquiring and refining of technical and professional skills needed in job related areas; proactively seeks performance feedback and identifies approaches to improve own performance.
• Influence: Gains cooperation, support, commitment, and action for ideas, proposals, projects, and solutions; mobilizes people to take action using creative approaches to motivate and empower others.
• Prioritization/Time Management: Assesses multiple tasks or issues which are competing for a limited amount of time or resources and determines the order in which each will be addressed; sets priorities, goals, and timetables to achieve maximum productivity; tracks both completed and incomplete activities.
• Verbal Communication: Expresses ideas effectively in individual and group situations adjusting style and methods to meet the specific needs of the audience; attentively listens to others to gather data and paraphrase meaning to verify understanding.
• Business Acumen: Demonstrates thorough understanding of a wide range of elements of the Bank's business and the customers, industries, and partners with which the Bank is involved; has knowledge of competitor offerings, and understands the Bank's related products and services, as well as existing gaps.
• Problem Solving: Develops actionable recommendations based on an understanding of trade-offs; commits to action after identifying alternative methods that are based on logical assumptions and information; takes into consideration resources, constraints, organizational values, and changing environments.
• Written Communication: Uses correct English grammar, punctuation, and spelling; communicates information (for example facts, ideas, or messages) in a succinct and organized manner; produces written information, which may include technical material that is appropriate for the intended audience.

Knowledge, Skills and Abilities:

• Expert knowledge of spreading business and personal financial statements
• Experienced with monitoring and calculating financial covenants - Ability to review and interpret Business Loan Agreements
• Experienced with monitoring and calculating Borrowing Bases for Asset Based Loans
• Experience using Financial Analyzer (Credit Quest) is highly preferable
• Knowledge and experience working with Stand By Letter of Credit is preferable
• Knowledge of financial statement analysis and accounting principles.
• Knowledge of small business lending and leasing practices, procedures, regulations and loan documentation requirements.
• Skills operating loan documentation and financial management software.
• Skills operating a personal computer including word processing, spreadsheet and presentation software.
• Ability to attend early morning and evening meetings.
• Through knowledge of financial statement analysis, business finance and loan economics.
• Knowledge of commercial loan documentation procedures and regulations.
• Knowledge of Credit Quest preferred.

Physical Requirements:

• Ability to stand, bend, stoop, sit, walk, twist and turn.
• Ability to lift up to 25 pounds occasionally.
• Ability to use a computer keyboard and calculator.
• Work environment is indoors, majority of the time is spent sitting at a desk.A combination of education and experience equivalent to a bachelor's degree in finance, accounting or closely related field; and knowledge typically gained through a minimum of five years experience in commercial lending or compliance.

Education and Experience:

A combination of education and experience equivalent to a bachelor's degree in finance, accounting or closely related field; and knowledge typically gained through a minimum of five years experience in commercial lending or compliance.

Keywords: Exchange Bank, Santa Rosa , Credit Analyst, Other , Santa Rosa, California