Credit Administration - Credit Compliance Analyst I

Job Summary:
Responsible for monitoring established loan covenants, borrowing base requirements and compliance with executed loan agreements for existing borrowers. This position will work closely with other Credit Risk personnel and the lending staff to identify potential red flags and to help mitigate the risk to the Bank. Additional responsibilities include comparing loan agreements with approved loan terms to ensure approved terms have been adhered to.

Responsibilities and Duties:

• Review borrowing base documents for revolving lines of credit. Must be able to analyze accounts receivables, accounts payables and inventory reports to properly assess collateral position.
• Review financial information and compliance certificates provided by existing borrowers and recalculate and verify that the covenant compliance ratios are correct.
• Interact closely with Credit Officers, Loan Officers, Lending Managers and their assistants regarding compliance requirements.
• Detailed and accurate data entry into Abrigo/Sageworks or other appropriate software packages.
• Track all covenant defaults and resolutions and provide regular report to senior management for review and follow-up.
• Prepare financial spreads for existing customers to be used in the underwriting process as well as compliance monitoring.
• Prepare covenant calculation spreadsheets to be used in portfolio management.
• Review field audit reports as prepared by third party vendors.

Job Skills and Qualifications:

• Associates degree in Business Administration (Accounting or Finance concentration) preferred.
• Excellent interpersonal, customer service and communication skills in order to effectively interact and work with all levels of employees.
• Knowledge of basic accounting principles and concepts, credit principles and general credit policies preferred.
• Possess excellent organizational skills and the ability to manage time effectively, including adapting to working under tight schedules.
• Exposure to financial reporting rules and banking regulations desired.
• Understanding of financial covenant ratio components and calculations highly preferred.
• Must be able to multi-task.
• Must be detail and focus oriented.
• Must take ownership and responsibility for work product.
• Advanced computer skills using Microsoft Office products

Company Overview:
Truth in Texas Banking. That’s what we’re about. Founded in 2010, we are one of the ten largest banks headquartered in the state of Texas. We became a publicly traded company in 2014 and in 2020 and 2021 we were listed on Fortune’s 100 Fastest Growing Companies. Headquartered in Dallas, Texas, we’ve built a bank forever rooted in truth, transparency, and uncompromising integrity.

We know our strongest asset is the passion, authenticity, and talent of our people. We focus on the growth and development of each team member to unlock potential to “Be Your True Self.” Our “True You” culture is made up of five pillars:

1. Be Mindful
2. Be Healthy
3. Be Better
4. Be Prosperous
5. Be Faithful

With this as our foundation, we’ve built a bank of people who are transparent, tell the truth, and act with integrity. We unite together in common purpose - caring deeply for our clients and communities, communicating openly with each other, and treating everyone with respect. Visit our website at www.VeritexBank.com and come see how we’re bringing truth and transparency to Texas banking.

Veritex Community Bank does not accept unsolicited resumes from recruiters or employment agencies. Veritex Community Bank is under no obligation to pay any referral compensation or recruiter fee in the absence of a current executed Recruitment Services Agreement. In the event a recruiter or agency submits an unsolicited resume or candidate without an agreement, Veritex reserves the right to pursue and hire those candidate(s) without any financial obligation to the recruiter or agency. Any unsolicited resumes, including those submitted to hiring managers, shall be deemed the property of Veritex Community Bank.

If your agency would like to be considered as a potential future recruiting partner, please leave your contact information at Recruiting@VeritexBank.com.

Work environment and Physical demands: The employee may occasionally lift and/or move up to 25 pounds. The employee may occasionally stand, walk, reach, climb, balance, stoop, kneel, crouch, or crawl. The work environment and physical demands are those of a standard office setting. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.

Disclaimer: This job description is not an inclusive list of all duties and responsibilities of the position. Incumbents will be required to follow any other job- related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. Veritex Bank reserves the right to amend and change responsibilities to meet business and organizational needs.

This document does not create an employment contract, implied or otherwise, other than an "at will" relationship. Veritex Community Bank is an equal opportunity employer. Veritex Community Bank Corporate Human Resources, Dallas, Texas.

We are committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of race, color, religion, creed, national origin or ancestry, sex, age, physical or mental disability, veteran or military status, genetic information, sexual orientation, marital status, or any other legally recognized protected basis under federal, state or local laws, regulations or ordinances. The information collected by this application is solely to determine suitability for employment, verify identity and maintain employment statistics on applicants.

Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on the Company. Please inform the Company’s personnel representative if you need assistance completing any forms or to otherwise participate in the application process.