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SUMMARY:
The Credit Analyst 1 will, through a structured training program, learn to analyze financial information to evaluate the degree of risk related to commercial credit requests. The training program is designed to last approximately 1-2 years depending on prior experience and/or pace of proficiency in the concepts and procedures required to perform the Credit Analyst job. This position is an on-site role, open in the following Arizona regions: Prescott, Lake Havasu, Kingman, Flagstaff, and Bullhead City.
TRAINING:
The Credit Analyst 1 will work under the supervision of the Credit Manager/Trainer and will learn to perform tasks such as:
- Gathering and analyzing financial data from various sources, such as income statements, balance sheets, cash flow statements, credit reports, rent rolls, leases, appraisals, and customer projections.
- Calculating financial ratios and evaluating financial performance of existing business customers and new business customers.
- Assessing the risk level and repayment ability of the borrowers based on their financial performance, credit history, industry trends, market conditions, etc.
- Preparing credit authorizations and recommendations based on the analysis and findings.
- Preparing annual term loan reviews to evaluate financial performance of existing commercial loan customers.
- Communicating with the Lending Officers, to obtain additional information or clarify any issues.
- Following the credit policies and procedures and ensuring compliance with the relevant regulations and standards.
DUTIES AND RESPONSIBILITIES:
- Complete assigned training, both online and real-time (in-person or on training calls) to develop knowledge base in commercial lending, financial statement analysis and risk management. Attend internal loan committee meetings to gain credit knowledge, understand the bank’s risk appetite, and hear real-time feedback on credit presentations prepared by Credit Analysts and Lending Officers.
- Spread financial statements and tax returns with accuracy to assist Credit Analysts and Lending Officers in analyzing credits.
- Review annual term loan reviews and credit authorizations for proper completion of risk rating scorecards and loan details. Review lending policy, loan documents, and financial statements to learn proper loan structuring.
- Work with analyst and lending teams to complete annual term loan reviews, small dollar amount renewals, and ongoing covenant compliance testing.
- Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
QUALIFICATIONS:
- Bachelor's degree in Business or Finance
KNOWLEDGE, SKILL, ABILITY:
- A significant level of trust and diplomacy is required to be an effective subject matter expert in the position.
- Proven analytical and problem-solving abilities.
- Ability to communicate, both orally and in writing, with others in the Bank to perform effective reviews and to report the results.
- Advanced proficiency with various office software. Proficiency in Word, Excel, PowerPoint, Internet Explorer, Email and Calendaring
