What are the responsibilities and job description for the Credit Analyst position at LCS Financial?
Job Overview
We are seeking a dynamic and detail-oriented Credit Analyst to join our financial services team. In this pivotal role, you will evaluate credit data, analyze financial statements, and assess risk to support sound lending decisions. Your expertise will help us maintain a healthy credit portfolio while ensuring compliance with industry regulations. This position offers an exciting opportunity to leverage your financial acumen, analytical skills, and industry knowledge to contribute to our organization’s growth and stability.
Duties
- Conduct comprehensive credit analysis by reviewing financial statements, cash flow reports, and industry data to assess borrower creditworthiness.
- Perform risk assessments through quantitative analysis, financial modeling, and forecasting to identify potential vulnerabilities in loan portfolios.
- Evaluate collateral and underwriting documentation to ensure adherence to lending policies and regulatory standards.
- Collaborate with clients and internal teams through clear communication to gather necessary data and explain credit decisions.
- Prepare detailed credit reports, financial reports, and recommendations for approval or rejection of loan applications.
- Monitor existing client portfolios for compliance, risk exposure, and performance trends; recommend adjustments as needed.
- Stay informed about industry regulations, financial concepts, and market trends to ensure all lending activities meet compliance standards.
Skills
- Strong expertise in financial statement interpretation, financial analysis, and cash flow analysis.
- Proficiency in financial software, Microsoft Office (especially Excel), and data collection tools for quantitative research and analysis.
- In-depth knowledge of commercial lending processes, loan origination, underwriting procedures, and mortgage servicing.
- Excellent negotiation skills combined with the ability to communicate complex financial concepts clearly to clients and team members.
- Experience with industry-specific regulations related to banking, financial services, and fraud prevention.
- Solid understanding of accounting principles, technical accounting practices, and tax considerations relevant to credit evaluation.
- Ability to perform risk analysis through quantitative research, financial modeling, forecasting techniques, and industry knowledge of financial regulations.
This role is ideal for candidates with a strong foundation in finance or accounting who are eager to develop their expertise in credit analysis within a fast-paced environment. Your analytical mindset combined with excellent communication skills will be key in supporting our organization’s mission of responsible lending while fostering client relationships built on trust and transparency.
Pay: $40,000.00 - $50,000.00 per year
Benefits:
- 401(k) 3% Match
- Dental insurance
- Health insurance
- Paid time off
Work Location: In person
Salary : $40,000 - $50,000