Essential Duties:
- Analyzes credit data and financial statements of individuals or businesses to identify the degree of risk involved in lending money and/or extending credit.
- For individuals, performs research to verify employment and income, inspects reports from credit reporting agencies, and reviews FICO scores.
- For businesses, compares to similar businesses in terms of liquidity, profitability, and credit histories.
- Understands and utilizes the Bank’s Loan Policy and underwriting guidelines to identify exceptions when creating reports; Maintains reasonable knowledge of the Bank’s Bank Secrecy Act (BSA), Anti-Money Laundering (AML) policies and other regulatory requirements specific to credit analysis.
- Uses computer software to further evaluate customers financial status and produce financial ratios.
- Determines the expected profitability of loans by analyzing business financial data including quality of management, income growth, and market shares.
- Provides recommendations for credit approval or denial to the Lending team; Assists Lenders in the presentation of financial & credit information at the Bank’s loan committees and/or Board of Directors meetings.
- Assists lenders in setting interest rates and minimum or maximum terms of repayment for customers based on earnings, savings data, payment history, and purchase activity.
- Completes and submits quarterly Federal Home Loan Bank (FHLB) reports.
- Performs other related duties as assigned.
- Bachelor’s Degree in Business, Accounting or Finance; Previous experience in banking or credit analysis is a plus.
- Strong organizational and analytic ability with a keen eye for detail.
- Ability to identify discrepancies and address time sensitive issues quickly.
- Excellent interpersonal, written, and oral communications skills to represent the Bank in a positive way when dealing with customers, vendors, and other employees.
- Proficient in Microsoft Office Suite, as well as analysis software.
- Desire to expand product knowledge and procedural skills.
