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)
Job Summary
The Credit Analyst with an emphasis in loan portfolio monitoring is skilled in both credit and data analysis. The Analyst uses the data they collect to understand trends, solve business problems, and monitor metrics. They assist in determining the data the CCO needs, structuring it in an appropriate format, analyzing the data using queries, and creating reports and visualizations for the Chief Credit Officer or its designee. The Analyst is responsible for report generation, process improvement, risk assessment, and addressing the needs of the Credit department as Directed by the Chief Credit Officer. Projects are centered on the usage of spreadsheets, database management, information gathering, cross-department coordination, and the development of more efficient processes. In addition to report writing and the above mentioned, the Credit Analyst will contribute to annual loan review and renewals. This includes, assessing the condition and quality of individual credits based on financial, collateral, and documentation analysis. Quantify metrics such as: debt service capacity, leverage, liquidity, collateral coverage, guarantor support, etc. Determine the appropriate risk rating for Borrowers according to current Lending Policy and regulatory guidance. Promptly identify and report identified issues to Relationship Managers, Underwriters, and Chief Credit Officer.
Essential Job Duties
Assignments Responsible for the generation, verification, and continued development of:
Job Qualifications
Must be able to perform all the essential duties of the position 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.
Computer & Software Skills
Travel
Occasional local travel
Additional Information
Min.: $75,000 and above
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