Credit Analyst

Lafayette, IN - USA

Monthly Salary: Not Disclosed

Posted on: 13 hours ago

Vacancies: 1 Vacancy

Job Summary

The Credit Analyst gathers analyzes and interprets credit information in order to assess credit quality and minimize risk and potential loss on commercial and industrial loans commercial real estate loans and private banking loans. This position will also be responsible for the input of commercial and consumer financial data into the analysis software. Responsible for completing the appraisal ordering/review process according to bank policy and federal regulations.

Expectations:

Review loan applications and verify loan packages are complete in order to render a lending decision.
Provide timely support and guidance to lending staff and support staff for increased effectiveness and improved turnaround times.
Enter application and financial statement/tax return data into loan origination system and analyzes the information along with other supporting documents.
Review the Credit Memo for accuracy and recommend changes to the Credit Manager/Officer.
Ensure all service level agreements are met or exceeded.
Adhere to compliance of all Federal and State Regulations.
Route loan requests to the Credit Officer as appropriate.
Review appraisals for compliance with bank policies and regulations
Report policy violations and recommendations for correction or appropriate tracking to Credit Officer.
Analyze business industry financial data and other supporting credit information concerning an applicants credit request; identifies key business and financial risks that may impact the repayment prospects of the borrower; derives conclusions supporting the credit recommendation based on documented facts and/or sound judgement.
Prepare timely concise and accurate credit recommendations with limited supervision or revision including: (1) quantitative components within the underwriting narrative documenting the credit analysis; (2) accurate use of risk rating scoring models to ensure loans are properly risk-rated; (3) accurate identification and mitigation of all exceptions to Bank tracked policy exceptions procedures and compliance regulations.
Partner with Commercial Relationship Managers to offer insights into customer financial needs. May also offer opinions related to a loan structures effectiveness to mitigate risks appropriate to prevailing competitive market environment and Bank risk tolerances.
Follow all Bank policies and procedures compliance regulations and completes all required annual or job-specific training.
Maintain a working knowledge of Banks written policies and procedures.
Receive requests for ordering appraisals prepares engagement letters and tracks the appraisal through the ordering process. Reviews appraisals by completing checklist to ensure the quality of the appraisal.

Qualifications and Education Requirements:

Bachelors degree in business administration finance or similar field preferred. (Or actively obtaining and enrolled in appropriate school/university).
At least 1-2 years of experience in finance or banking.

M C Bank is an Equal Opportunity / Affirmative Action employer committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race color religion sex sexual orientation age national origin disability protected veteran status or any other factor protected by applicable federal state or local laws. All hiring decisions are based on qualifications merit and business needs.

Required Experience:

Expectations:

Review loan applications and verify loan packages are complete in order to render a lending decision.
Provide timely support and guidance to lending staff and support staff for increased effectiveness and improved turnaround times.
Enter application and financial statement/tax return data into loan origination system and analyzes the information along with other supporting documents.
Review the Credit Memo for accuracy and recommend changes to the Credit Manager/Officer.
Ensure all service level agreements are met or exceeded.
Adhere to compliance of all Federal and State Regulations.
Route loan requests to the Credit Officer as appropriate.
Review appraisals for compliance with bank policies and regulations
Report policy violations and recommendations for correction or appropriate tracking to Credit Officer.
Analyze business industry financial data and other supporting credit information concerning an applicants credit request; identifies key business and financial risks that may impact the repayment prospects of the borrower; derives conclusions supporting the credit recommendation based on documented facts and/or sound judgement.
Prepare timely concise and accurate credit recommendations with limited supervision or revision including: (1) quantitative components within the underwriting narrative documenting the credit analysis; (2) accurate use of risk rating scoring models to ensure loans are properly risk-rated; (3) accurate identification and mitigation of all exceptions to Bank tracked policy exceptions procedures and compliance regulations.
Partner with Commercial Relationship Managers to offer insights into customer financial needs. May also offer opinions related to a loan structures effectiveness to mitigate risks appropriate to prevailing competitive market environment and Bank risk tolerances.
Follow all Bank policies and procedures compliance regulations and completes all required annual or job-specific training.
Maintain a working knowledge of Banks written policies and procedures.
Receive requests for ordering appraisals prepares engagement letters and tracks the appraisal through the ordering process. Reviews appraisals by completing checklist to ensure the quality of the appraisal.

Qualifications and Education Requirements:

Bachelors degree in business administration finance or similar field preferred. (Or actively obtaining and enrolled in appropriate school/university).
At least 1-2 years of experience in finance or banking.

Required Experience: