What are the responsibilities and job description for the ACH CREDIT ANALYST position at Northwest?
The ACH Credit Analyst is responsible for spreading financial statements for customers using ACH, analyzing ACH reviews to assess the need for financial statements and spreads, and making decisions around the next step for the review. The Analyst will be the point of contact for Treasury Management Advisors who submit ACH reviews and coordinate with them on the correct documentation for ACH risk management.
Hybrid work is an option with this position at management’s discretion. Work locations within our footprint, other than what is listed, may be considered for this position.
Essential Functions
Safety and Health
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education
Bachelor's Degree in accounting or finance preferred
Work Experience
3 - 5 years Years’ experience as a commercial lender, small business banker, portfolio manager, or credit analyst for higher grades preferred
Less than 1 year Some banking or accounting experience for lower grades preferred
General Employee Knowledge, Skills, and Abilities
Working proficiency in:
Additional Knowledge, Skills and Abilities
- Spread, review, and analyze financial statements for ACH exposure
- Assist with annual and red flag reviews and make appropriate recommendations for ACH exposure levels
- Identify credit strengths, weaknesses, risks and mitigating factors
- Assist in determining the appropriate course of action for customers in the Underwriting queue of Nautilus
- Meet or exceed established service level expectations
- Maintain a working knowledge of macroeconomic issues in local markets and regional industries
- Ensure complete data and document integrity
- Ensure Northwest’s Credit Risk Policy is followed and report any adverse credit-related trends to upper management
- Identify and track loan and credit policy exceptions
- Assist in analyzing and monitoring risk level of ACH portfolio
- Ensure that correct due diligence is following for high risk ACH customers
- Maintain excellent working knowledge of all software including Signature, nCino, Nautilus, and any others as appropriate
- Monitor, develop, and suggest revisions to workflows and procedures as necessary to enhancing efficiency and minimize expenses
- Identify potential for credit losses and mitigating risk accordingly
- Evaluate and decision intraday ACH breaches as needed
- Coordinate with members of compliance, fraud, and operations groups as needed
- May assist with risk management for other treasury services such as remote deposit capture and wire transfer
- Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations
- Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
- Work as part of a team
- Work with on-site equipment
- Remain current on all banking rules and regulations relating to Credit Administration
- Remain current with compliance regulations and economic conditions as they relate to commercial lending
- Participate in special projects as required
Safety and Health
- Abide by the rules of the safety and loss prevention program
- Perform work tasks in a safe manner
- Report any and all injuries to supervisor
- Know what to do in case of an emergency
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education
Bachelor's Degree in accounting or finance preferred
Work Experience
3 - 5 years Years’ experience as a commercial lender, small business banker, portfolio manager, or credit analyst for higher grades preferred
Less than 1 year Some banking or accounting experience for lower grades preferred
General Employee Knowledge, Skills, and Abilities
Working proficiency in:
- Ability to establish effective working relationships among team members and participate in solving problems and making decisions
- Ability to present and express ideas and information clearly and concisely in a manner appropriate to the audience, whether oral or written
- Ability to actively listen to what others are saying to achieve understanding, sharing information with others and facilitating the open exchange of ideas and information
- Ability to establish courses of action for self to accomplish specific goals, develop and use tracking systems for monitoring own work progress, and effectively use resources such as time and information
- Ability to make right decisions based on perceptive and analytical processes, practicing good judgment in gray areas
Additional Knowledge, Skills and Abilities
- Ability to analyze detailed financial data, strong computer skills, including word processing and spreadsheets
- For Higher Grades: Ability to work with minimal direct supervision, ability to apply independent judgment and decision making to credit issues.
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Licenses & Certifications
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