| Credit Analyst | Please send resumes to mdeutsch@drake-bank.com.
| False | 9/10/2019 | Education and Experience: Degree in Accounting, Finance or Business Administration or similar experience. Minimum of 3 years experience in credit analysis or related banking area.
Language Skills: Must be proficient in clearly writing credit analysis summaries within a Loan Presentation format. Communication skills that allow the Credit Analyst to work closely with all loan officers in an effective and efficient manner are also required.
Mathematical Skills: Must be able to accurately calculate and analyze figures and amounts included in financial statements (such as cash-flow calculations, leverage ratios, collateral coverage ratios, etc.) and then provide a clear summary of those calculations.
Reasoning Ability: The position requires the ability to analyze financial performance of borrowers and then provide a clear and concise summary of findings/results thereof. | H-6524 | Summary: This position provides efficient credit analysis, underwriting control standards, and ongoing credit investigations and file maintenance for new and existing loan customers.
Essential Duties and Responsibilities:
- Assist the lenders with analyzing financial risk associated with new and existing credit relationships:
- Analyze credit data and financial statements to determine the degree of risk involved with extending credit to commercial clients and individuals.
- Generate financial ratios summaries, using the bank's existing software systems, to compare the ratios to industry averages for analysis purposes.
- Prepares Credit Presentations that document new or proposed lending transactions for later review by the appropriate approval authority level.
- Prepares Annual Review Presentations for later review by the appropriate approval authority level.
- Monitor existing loan files for continued compliance with loan covenants and regulations, and to correct identified documentation deficiencies. When
- performing this duty, will work closely with and assist other staff members of the loan operations department of the bank.
- Assist with projects requested by or related to external or internal examinations and audits.
Regulatory Compliance Responsibilities:
- Able to demonstrate up-to-date and accurate understanding of loan-related compliance (RESPA, REG Z, TRID, HOEPA, HPML, FLOOD, FACTA, REG B, HMDA, Fair Credit Act, etc.) along with BSA/AML/OFAC, Bank Security, and others.
- Continually enhances knowledge of regulatory and compliance issues through completion of all required online training, attendance at in-house training presentations, and possibly external training at times.
- Performs all job functions in accordance with Federal and State regulations and bank policies (in existence and as amended), and as directed by the bank’s VP of Compliance.
Core Values: Performs all job functions and interactions with fellow bank employees, customers, vendors, and prospective customers within the guidelines of the Drake Bank’s Core Values: Dedicated, Reliable, Authentic, Knowledgeable, and Ethical. | Working Conditions:
General office environment: The individual in this position will be working in an open space. The noise level in the work environment is usually moderate and interruptions may be frequent.
Physical Demands:
The majority of the duties in this position are done in a seated position. Carrying loan files is required, and filing into file cabinets, shelves and the vault are also done on a daily basis. The majority of the Credit Analyst's work is performed at a computer. While performing the duties of this job, the employee is regularly required to stand; walk; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms; and talk or hear. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception, and the ability to adjust focus. |