Comm'l Credit Analyst

Fremont Bank founded in 1964, is one of the oldest independently owned banks in the Bay Area and is one of the top rated mid-tier banks in the nation. Voted a Top Workplace for 2021 and for the past eleven consecutive years, Fremont Bank has an immediate opening for a Special Assets Credit Analyst in Livermore, CA.

Position Overview

The Special Assets Credit Analyst is responsible for supporting the Special Assets Department’s administrative responsibilities. The position is also responsible for supporting the Senior Special Assets Analyst, Special Assets Underwriter and/or Sr. Manager of Special Assets, by ensuring accurate and timely loan monitoring and receipt of due diligence items from third party vendors.  The Special Assets Credit Analyst supports the Special Assets Manager by preparing certain loan level reporting and credit actions, and coordinating certain operational aspects of closing of extensions and modifications.

Role and Responsibilities

Under the direction of the Special Assets Manager, the Special Assets Analyst responsibilities include:

• Completing all administrative duties for the Special Assets and Credit Risk Management departments. Administrative duties include invoice processing, supply orders, tracking and processing of bankruptcy and Notice of Default recordings, quarterly litigation report for the General Counsel, and preparation of correspondence with Borrowers
• Coordinating with third party vendors to ensure timely receipt of required reports. Update Special Assets Manager on key findings. Responsibilities in this area include engaging legal counsel and ordering Appraisals, credit reports, business entity credit searches, UCC searches, and flood certifications
• Reviewing loan documents for loans managed by Special Assets, to ensure all requirements are met. Duties include identifying items to collect, maintaining financial information tracking sheet, monitoring for timely receipt of required information, and saving all information per departments and bank procedures
• Preparing Special Assets loan level reporting and credit actions, including non-accrual status change form and charge off form. Maintain department log to ensure month-end processing
• Coordinating with Commercial Operations and internal and external legal counsel to facilitate modifications and extensions. Complete checklists required for documentation, boarding, and funding, and maintain necessary status updates in nCino/ECOS
• Responsible for evaluating business partners and customers to see if they are able to repay loans coupled with recommending a course of actio
• Will be responsible in the workout efforts and/or monitoring performance (including but not limited to payments to be made) on accounts assigned by the Manager
• Knowledgeable of Bank’s analytical tools which requires an understanding of Accounting
• Knowledge of Industry - In order to make a proper assessment and recommendations, it is important that the credit analyst have an understanding of the industry they are reviewing. Many industries have different requirements and are subject to different nuances, to which a credit analyst must be familiar with the industry to create reliable and analyses. Credit analysts should keep their knowledge of their industry up to date so they can make the most informed decisions
• Investigative skills – ability to question clients in order to gather more information and verify the truthfulness of their answers. The need to manage large amounts of information in order to make a reasonable judgment with their recommendations. This usually means collecting evidence through background investigation and supporting documents to ensure clients has the ability to perform in a reasonable amount of time or establish there was untruthfulness at the outset or during the loan
• Problem Solving - Some tasks involve helping clients realize and/or meet financial requirements and objectives. This task requires extensive analytical skills, resourcefulness, reliable background in the field and a positive attitude toward finding solutions, all of which are a part of problem solving. Having the skill to solve difficult situations is also helpful in reducing probability of loss to the Bank
  

Minimum Qualifications

• Bachelor degree in Business Administration / Accounting / Finance and/or equivalent work-related experience
• Over two years of experience in commercial lending, loan processing, credit analysis, banking, finance, or similar experience is required
•  Strong analytical aptitude, ability to mitigate risk and attention to details
• Ability to organize and prioritize to meet deadlines
• Ability to work cross-functionally among departments

Job Location: Livermore, CA