Position Summary
The Credit Analyst plays a pivotal role in shaping the financial landscape of our organization by leading our credit risk management strategy. This position requires analytical expertise and strategic insight to influence high-stakes decisions, ensuring the long-term financial health and growth of the credit department. Reporting directly to the Sr. Credit Officer and/or Chief Credit Officer, the Credit Analyst will assess credit data, evaluate financial statements, and contribute to lending decisions that align with the organization's risk tolerance and objectives.
This role requires a keen eye for financial details, strong decision-making abilities, and effective communication to collaborate with internal teams and customers.
Primary Focus
- Analyze credit risk and assess financial health of individuals and businesses.
- Develop credit evaluations to support loan decisions.
- Collaborate with internal teams and external clients to manage credit portfolios.
- Utilize data-driven insights to mitigate risks and enhance profitability.
Key Responsibilities
1. Credit Analysis & Risk Management
- Analyze credit data and financial statements to determine creditworthiness and risk level.
- Generate financial ratios and models to assess customers' financial status.
- Compare liquidity, profitability, and credit histories across industries and geographic locations.
- Prepare risk assessment reports and present findings to loan committees.
2. Loan Application & Approval Process
- Complete loan applications, including credit analyses and summaries of loan requests.
- Submit findings to loan committees for review and approval.
- Consult with customers to verify financial and credit transactions and resolve disputes.
3. Collections & Payment Plans
- Contact customers to collect payments on delinquent accounts.
- Evaluate customer records and recommend structured payment plans.
- Review customer files and identify high-risk accounts for further action.
4. Collaboration & Reporting
- Work with internal credit teams and business representatives to exchange credit information.
- Maintain accurate and updated credit records and reports.
- Support risk management initiatives by identifying trends and providing recommendations.
Qualifications and Requirements
Preferred Qualifications
- Bachelor's degree in Finance, Accounting, Economics, or a related field.
- Certificate in Commercial Credit (CICC) - preferred.
- Certified Credit Professional (CCP) - preferred.
- Credit and Counterparty Risk Management (CCRM) - preferred.
Minimum Qualifications
- High School Diploma or GED Equivalent.
- Experience in credit analysis, financial statement review, or risk assessment preferred.
Technical & Computer Skills
- Proficiency in database management for handling large amounts of financial data.
- Strong Excel skills, including financial modeling and data analysis.
- Experience with credit risk software and reporting tools.
- Ability to create and manipulate presentations, spreadsheets, and word processing documents.
- Strong internet navigation and research skills to support financial evaluations.
Other Knowledge, Skills & Abilities
- Excellent analytical and problem-solving skills.
- Strong communication and negotiation abilities.
- Attention to detail and ability to handle sensitive financial information.
- Ability to work independently and collaborate with teams across the organization.
Work Environment
- Hybrid role with some in-office requirements and collaboration with internal credit teams.