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)
Overview:
We are seeking a Credit Analyst to join our team. The ideal candidate will possess strong analytical abilities, attention to detail, and a thorough understanding of financial statements and credit risk assessment. The Credit Analyst will be responsible for evaluating the creditworthiness of individuals and businesses, assessing loan applications, and making recommendations to mitigate credit risk while supporting business growth objectives.
Duties:
- Analyze financial data to assess creditworthiness of loan applicants.
- Conduct thorough credit risk assessments of borrowers by analyzing their financial history, credit history, and ability to repay loans
- Prepare detailed credit reports and present findings to senior management for loan approval or denial
- Collaborate with loan officers and underwriters to gather necessary information and ensure accurate assessment of credit applications
- Monitor and manage credit exposures by conducting periodic reviews of existing loan portfolios and recommending appropriate risk mitigation strategies.
- Stay updated on industry trends, regulations, and best practices related to credit analysis
Experience:
- Bachelors Degree or Associates Degree with 12 months of experience in client service
- Excellent attention to detail and ability to work in a fast-paced environment
- Strong analytical skills with the ability to interpret complex information
- Proficient in data collection, organization, and analysis
- Exceptional written and verbal communication skills for effective report writing and communication with stakeholders
- Ability to work independently and make sound decisions within established guidelines
Note: This job description is not intended to be all-inclusive. The employee may perform other related duties as negotiated to meet the ongoing needs of the organization.
Job Type: Full-time
Pay: From $45,000.00 per year
Benefits:
Schedule:
Work Location: In person
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