What are the responsibilities and job description for the CREDIT ANALYST position at Merchants National Bank?
The Credit Analyst is a key contributor to the underwriting process for Merchants National Bank’s commercial loan portfolio. This role plays a vital part in the Bank’s overall risk management strategy by compiling, analyzing, and interpreting financial information on both new and existing commercial borrowers. The Credit Analyst provides essential support to loan officers, management, and third-party professionals, ensuring timely, accurate, and comprehensive credit evaluations that inform sound lending decisions.
Key Responsibilities:
- Compile detailed credit analyses for new and existing commercial loan relationships.
- Accurately input financial data into analysis systems and ensure correct computations, formulas, and presentation within credit write-ups.
- Monitor credit analysis benchmarks and ensure timely completion of assigned tasks.
- Maintain up-to-date notes, statuses, and results for all loans in the credit analysis pipeline.
- Ensure all financial documentation is properly imported and tracked within internal financial logs.
- Collaborate regularly with loan officers to gather and incorporate comprehensive information into credit assessments.
- Identify gaps or inconsistencies in analysis and seek clarification or peer guidance when needed.
- Apply sound knowledge of financial statements, tax returns, and equipment lists appropriate to the complexity of the credit request.
- Share insights and collaborate with peers on unique or complex loan scenarios.
- Adhere to MNB’s commercial underwriting policies and procedures; cite and address any deviations within analysis documentation.
- Highlight key risk factors and underwriting conditions that must be addressed throughout loan processing and closing.
- Conduct annual credit reviews on assigned relationships to ensure continued creditworthiness.
- Participate in Loan Committee meetings as needed, including preparing and submitting accurate meeting minutes.
- Review commercial appraisals and complete appraisal review checklists within established timelines; escalate any concerns or risk elements.
- Contribute to the development and continuous improvement of credit analysis procedures.
Qualifications:
- High school diploma or equivalent required; Associate or Bachelor's degree in Business, Finance, or related field preferred.
- 1–3 years of experience in credit analysis, commercial lending, or a related financial role preferred.
- Strong understanding of financial statements and commercial credit principles.
- High attention to detail with strong analytical and organizational skills.
- Effective communication and interpersonal abilities.
- Proficient in Microsoft Office Suite, especially Excel; experience with credit analysis software preferred.
- Ability to manage multiple tasks in a deadline-driven environment.
- Commitment to maintaining confidentiality and professionalism.