Credit Associate

Promotes First Commonwealth’s asset quality through unbiased, accurate, thorough and timely risk assessment which is accomplished by analyzing financial statements and related credit data. Prepares organized and comprehensive reports which assess the credit-worthiness of a loan request and provide the appropriate authority with the necessary information to make an informed lending decision. Prepares organized and comprehensive reports for existing loan relationships which assess the continued credit-worthiness of the client.


Essential Job Responsibilities__________________________________

1. Performs tasks for the credit analysis process.

a. Conducts credit investigations and analyzes credit information pertaining to loans.

b. Breaks down the balance sheet and income statement accounts; analyzes the results and compares the current financial results to the prior financial periods.

c. Prepares reports to summarize analysis of borrowers’ financial condition and capacity to repay debt. Prepares loan request submissions for various Loan Committees or other approving authorities.

d. Prepares projections on income, sales, expenses and net worth of the client with the credit report or for a request by the lender or management.

e. Values collateral when necessary, reviews appraisals and assesses collateral coverage.

f. Assigns Risk Ratings.

g. Follows assigned portfolio or accounts for updated financial statements or other relevant information to assess borrower credit quality through the quarterly triage process.

h. Assists loan officers in gathering information relevant to analyzing the borrower.

i. Prepares reports on problem assets for the Criticized Asset Committee.

j. Participates or assists in projects or tasks necessary for the Credit Administration function.

k. Ensures that all credit analysis activities are conducted in accordance with prescribed lending policy.

2. Achieves goals assigned to the Credit Analyst as part of the department’s annual operating plan.

3. Adheres to the Credit Analysis department’s Service Level Agreement with the Commercial Services and Consumer Services business line.

4. Partners with the lending staff in joint calling effort in support of new and existing relationships.

5. Builds knowledge of commercial lending and banking regulations, procedures, and operations.


Bona Fide Occupational Qualifications___________________________

1. A Bachelor’s degree in Accounting/Finance/ Economics or a related field of study with a minimum GPA of 3.0, or equivalent experience required. Specialized financial analysis training preferred.

2. Ability to analyze financial statement data and distill conclusions is required.

3. Must have a working knowledge of accounting and financial analysis techniques.

4. Must have ability to use Microsoft Office programs and banking software.

5. Proficient reading, writing, and grammar skills are required, as well as solid communication and interpersonal relations skills.