Credit Risk Analyst

Position Summary: The Credit Risk Analyst is responsible for assisting the Credit Operations Officer and Credit Administration Department Manager in leading the institution’s credit and loan accounting functions. This professional is responsible for managing the calculation of allowances for credit loss (ACL) and loss forecast processes, including developing and maintaining reports to monitor loan risk at both the individual loan and portfolio levels. The Credit Risk Analyst is responsible for maintaining the problem loan watchlist and watchlist loan reporting, loan accounting and coding, loan portfolio reporting and additional operational support for the Lending Division. This role is eligible for hybrid work from home opportunity under the work from home guidelines up to one day per week upon completion of onboarding.

Essential Functions:

• Under leadership of the Credit Operations Officer, plays a lead role in running the analytical software the Bank uses for the Current Expected Credit Losses (CECL) model. Assists with managing the development of models, methodologies, analysis, forecasting, and stress testing to improve the loss estimation process. Independently prepares the quarterly CECL calculation and provides recommendations using independent judgement applied in light of all relevant facts.
• Maintain and validate data integrity in loss forecasting models for the loan portfolio
• Develop a thorough and in-depth understanding of CECL standards. Complete technical research for newly pronounced accounting standards and regulatory requirements affecting loans and the ACL.
• Under leadership of the Credit Operations Officer ensure accuracy and thoroughness with Board of Director (BOD) reports, charge off reports, Other Real Estate (ORE) reports, watchlist reports and any other loan level and portfolio reports.
• Complete required monthly and quarterly data and analysis activities for the watchlist, including quarterly watchlist forms. Determine the impact of individually evaluated loans on the ACL.
• Assist in analyzing loan portfolio data to identify trends, risks and opportunities. Identify problems in credit trends and recommend enhancements to loan terms, conditions, and controls.
• Maintain and assist in developing reports needed by senior management, Controllers Department, state and federal regulators, and external auditors.
• Assist with design and implementation of needed new reports from the central data warehouse or CECL software.
• Maintain credit risk concentration monitoring processes and reporting for Executive Vice President of Wholesale Loans on forecasted changes in significant loan concentrations.
• Serve as primary contact for maintaining forced placed insurance on Other Real Estate Owned (OREO) properties.
• Assist with loan accounting duties including non-accrual loan accounting, charge offs and recoveries, participations sold and purchased and loan coding for accurate reporting.
• Follow written procedures regarding internal controls of key processes. Ensure compliance of various internal and external policies, standards and procedures.
• Understand and adhere to all bank policies, laws, and regulations applicable to the role. Report all compliance issues, violations of law, or regulations in accordance with the steps defined in bank policies.
• Perform other special projects as assigned.

• Regular and reliable attendance is an essential function of this position.

Qualifications:

• Bachelor’s Degree in Accounting, Finance, or related field required.
• Preference given to having or pursuing a graduate degree in Accounting or with experience in public accounting auditing financial institutions.
• Preference given to having or being willing to obtain a Certified Public Accountant (CPA) license
• Bank/Loan accounting experience required.
• Report building experience preferred.
• Advanced knowledge of General Accepted Accounting Procedures (GAAP) preferred.

• Advanced capability in Microsoft Office Products (specifically Microsoft Excel), Power BI, SQL, as well as a basic understanding of other technology systems used throughout Union Bank preferred.

Preferred Talents:

• High level of analytical skills and detail oriented with proficiency in technical research
• Time efficient and deadline driven
• Multi-tasker with composure under pressure
• Effective communicator – verbal and written
• Organized
• Self-directed and takes initiative
• Independent with sound judgment and a team orientation

Working Environment:

Indoor work – not exposed to outdoor elements or hazards.

Some sedentary work and occasional lifting and/or carrying up to 15 pounds.

This role is eligible for hybrid work from home opportunity under the work from home guidelines upon completion of onboarding.

PLEASE VIEW THE APPLICANT TERMS & CONDITIONS BEFORE PROCEEDING WITH YOUR APPLICATION.