Credit Analyst

General Summary

This position evaluates financial condition of current and prospective borrowers by reviewing financial statements and summarizes information into a format that enables management of the bank to make sound credit decisions and effectively manage banking relationships. This information is presented to various Credit Administration team members and lending authorities within the bank.

Essential Functions

• Develop expertise in credit analysis by focusing on annual reviews and loan renewal requests that are below Board level of approval
• Enter financial statements and related information into financial spreadsheet software to produce simple spreads, generate financial ratios, and create global cash flows
• Analyze relevant credit data and financial statements by evaluating trends and key ratios to determine the degree of risk involved in extending credit
• Work in conjunction with Sales Officer and Portfolio Manager to ensure that required financial statements and documents are received and underwriting is completed on a time-sensitive basis.
• Prepare written analysis based on observations on all credits exceeding $500,000, at origination and annually
• Report any deterioration of credits to management to maintain proper loan ratings

Working Conditions

• Generally good, with little exposure to noise, extreme temperatures, dust or other adverse factors
• Considerable effort and eyestrain from continued review of files and financial documents to complete analysis

Minimum Level of Preparation and Training

• Bachelor of Science degree in Finance or Accounting preferred, but a degree in a related or applicable field will be considered along with experience in carrying out similar responsibilities

Required Skills, Knowledge and Abilities

• Ability to read, analyze and interpret financial statements 
• Excellent oral and written communication skills
• Proficient in Microsoft Office products, especially Excel
• Ability to exercise sound judgment
• Excellent time management skills
• Excellent organizational skills
• Works well in a team environment

Employees are required to perform other duties as assigned by management. Management reserves the right to change this job description as needed.