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Position Summary
A credit analyst gathers and reviews financial data about loan applicants, including their payment habits and history, earnings and savings, and spending patterns. The credit analyst then recommends approval or denial of the loan. The credit analyst will also prepare reports with credit information for use in decision making. The procedure involves evaluating the risks and initiating background research on the customer. The analyst must perform due diligence on rating the credit of the borrower.
Essential Duties and Responsibilities
· Work with lenders to ensure they have provided the required financial information and loan request details for the credit analyst to analyze the loan requests.
· Conduct thorough analysis of financial statements and assessment of credit requests, including new requests, changed requests, refinancing and annual due diligence to determine creditworthiness.
· Aid in preparation of credit displays and pointing out strengths and weaknesses of loan requests.
· Keep up to date with the company’s lending protocols
· Present analysis, findings, and recommendations to managers, especially findings that involve a borrower’s ability to repay
· Utilize the Union Bank’s risk rating scale and derive rating recommendations based on the analyzed financial information.
· Work with Lenders and CCO on various questions that arise in the review of available financial information.
· Note discrepancies to the credit policy.
· Help streamline the credit requests.
· Identify known technical exceptions for lenders to obtain information.
· Assist the CCO in various credit portfolio special projects such as internal real estate evaluations, assisting in new software input, along with various other projects.
· Overall streamlining of the credit request process, helping the Union Bank provide the desired turnaround timeline of loan requests.
Job Type: Full-time
Benefits:
Schedule:
Application Question(s):
Ability to Relocate:
Work Location: In person
Full Time
Banking
$62k-80k (estimate)
03/24/2024
07/20/2024
hometownbanc.bank
SAINT MARYS, WV
25 - 50
1998
LIZ MCGILL
$10M - $50M
Banking
The job skills required for Credit Analyst include Analysis, Financial Statements, Due Diligence, etc. Having related job skills and expertise will give you an advantage when applying to be a Credit Analyst. 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. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Credit Analyst positions, which can be used as a reference in future career path planning. As a Credit Analyst, it can be promoted into senior positions as a Credit Analyst III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Credit Analyst. You can explore the career advancement for a Credit Analyst below and select your interested title to get hiring information.