What are the responsibilities and job description for the Credit Analyst / Loan Assistant position at Great Rivers Bank?
Job description: Credit Analyst
Position Summary: Responsible for conducting high level analysis on commercial/business loans. Supports lending officers in completing credit memorandums for new and existing bank relationships. The credit analyst will also assist in loan review of large customer relationships.
Job Duties
- Analyzes financial statements (balance sheet and profit and loss) and income tax returns on commercial loans. Includes key performance ratio analysis.
- Utilizes Bank developed financial analysis formats to build a historical financial base.
- Assists lender in credit memorandum (LARs and Narratives) on new and existing relationships: In-depth historical financial analysis; In-depth projection financial analysis, including "what if/stress test" scenarios that test the reasonableness of the projections; In-depth analysis of the secondary sources of repayment, such as collateral; balance sheet trends and issues; In-depth analysis of guarantor's financial position; Develop cash flow analysis.
- Collects and maintains industry data. Research industry specific information from outside sources, including conversations with the borrower, industry publications, internet, etc.
- Review of credit reports
- Provide financial insight to lenders regarding the strengths and weaknesses of borrowers.
- Assist in SBA, FSA and other special loan programs. including application preparation, monitoring and liquidation.
- Complete loan reviews as scheduled in a timely manner
- Performs analysis of key bank vendors on an annual basis for the Vendor Management program.
- Various report creation and data input, appraisal reviews, & real estate valuations.
- Perform as a team member in allocating and coordinating the workflow.
- Contribute to the fulfillment of department, market and company objectives and goals.
- Comply with all department and company policies, procedures, and regulations.
- Other duties as assigned
Key Competencies/Skills
- Strong communication skills – verbal, written and interpersonal skills
- Good listening skills
- Accuracy and attention to detail
- Excellent computer skills – highly proficient in Excel and Word
- Extensive knowledge of financial statement analysis, income tax returns and regulations
- Loan compliance knowledge
- Loan policy knowledge
Education/Experience
- Bachelor’s Degree in a business-related field preferred
- High School diploma or GED required
- 3-5 years of banking or financial related field
Job Type: Full-time
Pay: $45,000.00 - $65,000.00 per year
Benefits:
- 401(k) matching
- Dental insurance
- Flexible spending account
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Work Location: In person
Salary : $45,000 - $65,000