Commercial Credit Analyst collects, reviews, and analyzes data to prepare a detailed credit analysis that evaluates the terms and creditworthiness of commercial loan applications. Uses multiple sources of information, including financial statements, collateral appraisals, credit scores, and cash flow analysis, to assign risk ratings to loans and complete an analysis of the applicant's financial status. Being a Commercial Credit Analyst calculates debt-to-income (DTI) ratios to evaluate an applicant's ability to repay the loan. Prepares credit memos in a standardized format that includes key ratios, supporting information, an executive summary, and objective recommendations. Additionally, Commercial Credit Analyst presents credit reports to loan officers and loan committees. Requires a bachelor's degree. Typically reports to a supervisor or manager. The Commercial Credit Analyst work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Commercial Credit Analyst typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Description
Position Title: Commercial Credit Analyst II
Department: Credit Administration
Reports To: Commercial Credit Department Manager (or Senior Credit Analyst/Team Lead)
Supervises: N/A
FLSA Status: Exempt
Last Revised/Approved: March 2024
POSITION SUMMARY:
Analyze financial statements, business plans, credit reports and other relevant information of various business entities and individuals to determine the degree of risk involved in a requested or existing extension of credit. Prepare clear and concise reports using a variety of analytical tools for use in decision-making by Lending Officers, Senior Management, Loan Committees and the Board of Directors. The position will be responsible for providing the highest level of Customer Service, and adheres to the Bank’s Core Values, and Service Standards.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
NON-ESSENTIAL DUTIES AND RESPONSIBILITIES:
GENERAL EXPECTATIONS/COMPETENCIES:
PHYSICAL REQUIREMENTS:
The physical requirements described here are representative of those that must be met by the Incumbent to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit and talk or hear. The employee is frequently required to stand, walk and use hands to operate a standard computer keyboard. The employee may occasionally lift and/or move up to 25 pounds. Specific vision abilities required by the job include close vision, distance vision, and the ability to adjust focus.
WORK ENVIRONMENT:
The work environment characteristics described here are representative of those the incumbent encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Usual office conditions. Noise level is usually quiet.
QUALIFICATIONS NEEDED FOR POSITION:
Experience and Skill Requirements: The following experience and skills are considered essential:
Education Requirements: The following education requirements are considered essential:
** All requirements and skills are considered to be essential, unless otherwise indicated. **
External and internal applicants, as well as position incumbents who become disabled as defined under the Americans With Disabilities Act, must be able to perform the essential job functions (as listed) either unaided or with the assistance of a reasonable accommodation to be determined by management on a case by case basis.
The job description does not constitute an employment agreement between the employer and the employee and is subject to change by the employer as the needs of the employer and requirements of the job change.
0 Commercial Credit Analyst jobs found in Saco, ME area