2 Credit Analyst l Jobs in El Monte, CA
Cathay Bank - Headquarters is Hiring a Credit Analyst l Near El Monte, CA
GENERAL SUMMARY
Perform the analysis of financial statements and tax returns using CASH Insight for Account Officers to use in their recommendations for new and renewal extensions of credit. Calculate various financial ratios to assist in the ongoing monitoring of borrower compliance to financial covenants per loan agreements and the submission of financial documents.
ESSENTIAL FUNCTIONS
- Manages ticklers and covenants and monitors receipt of financial documents pertaining to the existing credits using CASH Ontrack. This may include financial statements for borrowers, owners and/or guarantors, tax returns, financial spreads, collateral information, covenants, borrowing base, credit reports, and projections.
- Prepares and analyzes financial spreads using CASH Insight for private and public companies, prospect, individual and corporate tax returns according to the standard classification and guidelines established by the Bank.
- Prepares individual and global cash flows for Credit Analysis Officers.
- Calculates covenant compliance based on Borrower's Loan Agreement (BLA).
- Forwards completed CASH spreads to lending unit. Identifies and notifies lending unit of covenant violations and escalates to CLPM and Credit Administrators as required.
- Maintains up-to-date knowledge on all Bank lending policies and regulations.
- Maintains up-to-date knowledge in financial spreads and basic GCF process.
- Completes quality spreads with supervision.
QUALIFICATIONS
- Education: College degree in Finance, Accounting, Business, or related field
preferred, or 2 years related experience in credit or financial analysis. Intermediate accounting is required or must be completed within 18 months of hire. - Experience: Minimum one year (prefers two) of working experience in analyzing
financial statements, cash flow analysis, familiarity with various industries, collateral issues and values, and analysis of guarantor personal financial statements and tax returns. - Skills/Ability: Good working knowledge of accounting, credit policy and financial
statement analysis. Good organizational and analytical skills. Good verbal and written communication skills. Ability to work successfully both independently and as a team player. Proficient in Microsoft Office (Word, Excel, PowerPoint, and Outlook).
OTHER DETAILS
$20.00 - $22.00 / hour
Pay determined based on job-related knowledge, skills, experience, and location.
Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).
Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our .
Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We believe in diversity, equity, and inclusion in the workplace. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.
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Cathay Bank endeavors to make accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or . This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.
Cathay Bank endeavors to make www.CathayBank.com accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Lori Burquez, VP, Sr. Employee Relations Manager, at (626) 279-3666 or lori.burquez@cathaybank.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.
Job Summary
Full Time
$64k-81k (estimate)
03/27/2023
07/02/2024
The job skills required for Credit Analyst l include Financial Statements, Accounting, Microsoft Office, Written Communication, Economics, Tax Return, etc. Having related job skills and expertise will give you an advantage when applying to be a Credit Analyst l. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Credit Analyst l. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Credit Analyst l positions, which can be used as a reference in future career path planning. As a Credit Analyst l, it can be promoted into senior positions as a Credit Analyst II that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Credit Analyst l. You can explore the career advancement for a Credit Analyst l below and select your interested title to get hiring information.
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