What are the responsibilities and job description for the Credit Analyst position at Lake Ridge Bank?
JOB REQUIREMENTS: Description: Lake Ridge Bank is in search of a Credit
Analyst to join our underwriting team! The Credit Analyst will be
responsible for spreading financial statements as required by Lake Ridge
Bank loan policy. In addition, this role will analyze and underwrite
commercial credits and partner with Underwriters and Business
Relationship Managers in making credit decisions. Financial Analysis
Accurately spread raw\' business and ag financial statements into
financial spreading software as collected (includes tax returns, balance
sheets, profit & loss statements, aging reports and projections). Verify
accuracy and research discrepancies in raw\' statements. Provide credit
analysis and identify trends based on collected financials and spreads
on an ongoing basis for existing customers to Business, Commercial & Ag
Bankers. Monitor and verify borrowing base certificates and other loan
covenants. Report findings to Underwriting Teams. Maintain financial
tracking system upon the waiver or change in financial tracking
requirements. Monitor and verify ongoing collection efforts. Set up new
customers on financial tracking system and set up ticklers for future
collection. Underwriting and Approval Process Underwrite and facilitate
new and renewal credits where the aggregate debt is generally at or
below \$1MM, and other less complex credits as assigned by the Small
Business Underwriting Manager. Collaborate with Underwriting Teams
acting as a liaison between Business, Commercial & Ag Banker, Commercial
Production staff, Credit Risk Department and other internal staff
members as necessary Ensure proper documentation of loan file via a loan
proposal and post approval due diligence. Work with third party
individuals as needed such as evaluation/appraisal orders and
environmental due diligence. Full Knowledge of the Small Business Model
(SBM) & Small Ag Model (SAM) systems and how they facilitate loans
quickly through the overall loan process. Adhere to all Bank
Security/Compliance Regulations Complete all annual bank security and
compliance training. Adhere to Bank Security/compliance and policy
guidelines for commercial production and/or loan area Maintain
confidentiality of customer information at all times. Stay current on
all compliance regulations Requirements: Associates degree in Finance,
Accounting, Business and/or similar field of education and/or three (3)
years previous work experience in a lending environment Solid
understanding of financial statements including but not limited to tax
returns, profit & loss statements, income statements, balance sheets,
and other business financials Well-developed interpersonal and
communication skills (verbal & written) in order to communicate and
relate effectively with customers and associates Good accounting/math
skills with the ability to work precisely with numbers and financial
calculations Strong attention to detail with the ability to work
efficiently & accurately Demonstrated ability in exercising independent
judgment Strong organizational skills, including the ability to
prioritize and remain calm while working in a fast paced/deadline driven
environment Good working knowledge of Microsoft Office Suite, proficient
typing/keyboarding skills and the ability and willingness to learn new
programs and software Ability to maintain confidential customer
information Ability to read, write, understand and speak English clearly
Ability to represent the organization in a professional, positive manner
PREFERRED QUALIFICATIONS: Bachelor\'s degree in Accounting or Finance
Previous experience in credit analysis or commercial underwriting within
a financial institution Previous work experience in accounting and / or
working with business financial statements Previous experience working
in a lending environment, preferably in a financial institution setting
This position is a full time position with hours of 8am 5pm
Monday-Frida with the flexibility. Lake Ridge Bank values a diverse
workforce and is an Affirmative Action/Equal Opportunity Employer.
Consistent with Lake Ridge Bank\'s commitment to employ and advance
qualified individuals with disabilities, Lake Ridge Bank provides
reasonable accommodation to apply for or perform a job. Some examples of
reasonable accommodation include alternate methods to apply, providing
documents in an alternate format, altering work procedures, specialized
equipment or use of an interpreter. If an individual needs reasonable
accommodations to apply or perform a job here at Lake Ridge Bank, please
contact Human Resources at (608) 849-2700 or email us. PI284713156
\*\*\*\*\* APPLICATION INSTRUCTIONS: Apply Online:
https://www.click2apply.net/bn2zLKF4PxwZaheJZFdmbp
Analyst to join our underwriting team! The Credit Analyst will be
responsible for spreading financial statements as required by Lake Ridge
Bank loan policy. In addition, this role will analyze and underwrite
commercial credits and partner with Underwriters and Business
Relationship Managers in making credit decisions. Financial Analysis
Accurately spread raw\' business and ag financial statements into
financial spreading software as collected (includes tax returns, balance
sheets, profit & loss statements, aging reports and projections). Verify
accuracy and research discrepancies in raw\' statements. Provide credit
analysis and identify trends based on collected financials and spreads
on an ongoing basis for existing customers to Business, Commercial & Ag
Bankers. Monitor and verify borrowing base certificates and other loan
covenants. Report findings to Underwriting Teams. Maintain financial
tracking system upon the waiver or change in financial tracking
requirements. Monitor and verify ongoing collection efforts. Set up new
customers on financial tracking system and set up ticklers for future
collection. Underwriting and Approval Process Underwrite and facilitate
new and renewal credits where the aggregate debt is generally at or
below \$1MM, and other less complex credits as assigned by the Small
Business Underwriting Manager. Collaborate with Underwriting Teams
acting as a liaison between Business, Commercial & Ag Banker, Commercial
Production staff, Credit Risk Department and other internal staff
members as necessary Ensure proper documentation of loan file via a loan
proposal and post approval due diligence. Work with third party
individuals as needed such as evaluation/appraisal orders and
environmental due diligence. Full Knowledge of the Small Business Model
(SBM) & Small Ag Model (SAM) systems and how they facilitate loans
quickly through the overall loan process. Adhere to all Bank
Security/Compliance Regulations Complete all annual bank security and
compliance training. Adhere to Bank Security/compliance and policy
guidelines for commercial production and/or loan area Maintain
confidentiality of customer information at all times. Stay current on
all compliance regulations Requirements: Associates degree in Finance,
Accounting, Business and/or similar field of education and/or three (3)
years previous work experience in a lending environment Solid
understanding of financial statements including but not limited to tax
returns, profit & loss statements, income statements, balance sheets,
and other business financials Well-developed interpersonal and
communication skills (verbal & written) in order to communicate and
relate effectively with customers and associates Good accounting/math
skills with the ability to work precisely with numbers and financial
calculations Strong attention to detail with the ability to work
efficiently & accurately Demonstrated ability in exercising independent
judgment Strong organizational skills, including the ability to
prioritize and remain calm while working in a fast paced/deadline driven
environment Good working knowledge of Microsoft Office Suite, proficient
typing/keyboarding skills and the ability and willingness to learn new
programs and software Ability to maintain confidential customer
information Ability to read, write, understand and speak English clearly
Ability to represent the organization in a professional, positive manner
PREFERRED QUALIFICATIONS: Bachelor\'s degree in Accounting or Finance
Previous experience in credit analysis or commercial underwriting within
a financial institution Previous work experience in accounting and / or
working with business financial statements Previous experience working
in a lending environment, preferably in a financial institution setting
This position is a full time position with hours of 8am 5pm
Monday-Frida with the flexibility. Lake Ridge Bank values a diverse
workforce and is an Affirmative Action/Equal Opportunity Employer.
Consistent with Lake Ridge Bank\'s commitment to employ and advance
qualified individuals with disabilities, Lake Ridge Bank provides
reasonable accommodation to apply for or perform a job. Some examples of
reasonable accommodation include alternate methods to apply, providing
documents in an alternate format, altering work procedures, specialized
equipment or use of an interpreter. If an individual needs reasonable
accommodations to apply or perform a job here at Lake Ridge Bank, please
contact Human Resources at (608) 849-2700 or email us. PI284713156
\*\*\*\*\* APPLICATION INSTRUCTIONS: Apply Online:
https://www.click2apply.net/bn2zLKF4PxwZaheJZFdmbp