Credit Analyst - Business Services, Portsmouth

Description

POSITION DESCRIPTION:

This position is responsible for conducting in-depth financial analysis and preparation of commercial loan approval package for business loan requests. As a member of the Credit Administration staff within Business Services, the Credit Analyst works cooperatively to support the Business Lending function. This support includes but is not limited to, timely review of business and personal tax returns and interim financial statements, preparation and analysis of financial spreads, calculation of debt service coverage and loan to value, reviewing credit reports, preparing credit file memos and maintaining credit/legal files.

POSITION RESPONSIBILITIES

• Responsible for basic financial analysis on less to moderately complex commercial loan requests. 
• Prepares comprehensive commercial loan approval package to include evidence of credit structure analysis and due diligence. Due diligence includes the assignment of commercial loan risk grade.
• Responsible for the preparation of financial spreads and business/global cash flow, as well as evaluation of personal credit.
• Review annual financial information on required loans in order to prepare and or assist in the preparation of the necessary annual review and assessment of existing credit risk.
• Assist with preparation of all credit files, legal documentation, establishment of monitoring ticklers and department reporting.
• Understands established Loan and Credit Policies and Procedures. Able to identify deviations from Policies; cite and mitigate deviations/exceptions, when applicable.
• Familiarity with various types of collateral, calculating loan to value, and appraisal reports/reviews.
• Maintain confidentiality regarding credit union policies and procedures, financial data, personal information, and work-related events.
• Provide quality support and maintain a professional relationship with peers, management, other staff, and members through cooperation, mutual trust and respect.
• Perform other duties as assigned, when needed.

Qualifications

SKILLS, KNOWLEDGE and ATTRIBUTES REQUIRED

• Basic knowledge of the principals of commercial credit, commercial banking laws, federal and state credit union laws and regulations.
• Basic knowledge of the Credit Union’s Member Business Loan Policies and Procedures.
• Basic knowledge of commercial credit underwriting, including business and individual financial statement analysis with special focus on liquidity, leverage, cash flow, collateral and risk grading.
• Solid interpersonal and communication skills and the ability to demonstrated business acumen.
• Strong planning and organizational skills. Ability to work efficiently, effectively and timely.
• Developed computer skills including proficiency and capability with Microsoft programs, including Excel.
• Positive attitude and ability to work effectively as a team member but also independently.

ACADEMIC BACKGROUND and EXPERIENCE

• Bachelor’s degree in a Business discipline.
• At least 1 year of experience working in Commercial or Business Banking.
• Formal Commercial Credit Training preferred. 
• Experience with SBA preferred.
• Experience with nCino preferred.

PHYSICAL REQUIREMENTS

• Ability to stand for up to 1 hour
• Ability lift boxes up to 20 pounds
• Ability to sit for up to 8 hours
• Ability to type and use computers for up to 8 hours