Assists commercial lenders in complex credit analysis and credit approval packages. Performs analysis of financial statements, cashflows, pricing analysis.
SUMMARY STATEMENT & PURPOSE
Completes background portions of credit approval package. Prepares presentation materials for new and additional credit proposals. Independently researches and analyzes company and industry data. May recommend loan terms and/or pricing structures to commercial lender. May lead commercial credit analysts. Routinely exercises independent judgment on customer issues.
Prepare loan addendums and loan reports. Complete the most complex credit memos for new and existing requests to conform to loan policy requirements and information needs of the banker and underwriter. Also assists with more complex loan requests.
Analyze business financial statements including income statements, balance sheets, and cash flow statements.
Analyze personal cash flow. Understand and identify sources of personal cash flow from tax returns.
Complete risk rating and pricing module of credit requests as required.
Perform financial analysis of borrowers and guarantors. Assist in the preparation of loan packages. Complete loan addendum write-ups as requested.
Assist banker in making credit presentations to the Chief Credit Officer and/or loan committee on recommended loans.
Close loans for banker as requested. May visit customer’s place of business to close loans or obtain or deliver documents.
Properly document and process complex and simpler loans in a timely and accurate manner according to loan type. In absence of Loan Assistant, prepare Document Request Form.
Perform oversight to ensure file completeness and conditions are met on approved credit requests.
Ensure existing credit relationships adhere to loan conditions and covenants and that all required customer information is obtained in a timely manner. Notify banker and Loan Administration of any covenant violations.
Conduct final review of credit file after loan closing before giving to Loan Servicing for boarding.
Review maturing loan report and coordinate with banker in the notification of the customer for credit renewals.
Work with Loan Assistant to initiate correspondence and/or telephone calls with customers to obtain necessary documents and information to eliminate credit file exceptions and to keep financial information current.
Ensure that financial information is complete and signed per loan policy requirements and follow up with banker and/or customer for missing or incomplete information.
Evaluate existing loans for changes in risk and make recommendations to banker for any risk rating changes.
Prepare advances on Lines of Credit and multiple advance notes for banker approval. This includes updating budget spreadsheets and obtaining lien waivers as applicable.
Assist banker in responding to and correcting any internal/external audit exceptions.
Assist banker in bringing past due loans current. May include calling customer for progress reports.
Assist banker in preparing loan packages for submission to the Small Business Administration.
Approve overdrafts of $10,000 or less.
Perform other Duties as Assigned
Education and/or Experience: Bachelor's Degree (Finance, Accounting or Economics degree preferred) or equivalent experience plus five or more years banking experience; or equivalent combination of education and experience.
Language Skills: Ability to read, analyze, and interpret financial and credit information and governmental regulations. Ability to write business correspondence and effectively present information and respond to questions from customers.
Reasoning Ability: Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
Computer Skills: To perform this job successfully, an individual should have knowledge of Spreadsheet, Word Processing and Moody’s software applications.
Other preferred (not required) qualifications: Community bank experience, consumer lending training, financial services sales training, formal accounting /banking schools, familiar with specialized software such as Tcalc, Ag or SBA lending.