Commercial Credit Underwriter I: Risk & Analysis

First Commonwealth Bank; Kentucky; On-site; USD 55,000 - 95,000; Full time

Job summary

First Commonwealth Bank seeks a Credit Analyst to promote asset quality by analyzing financial statements and credit data, preparing comprehensive reports for lending decisions, and supporting credit culture through portfolio and policy tasks.

The role involves evaluating loan requests from $500,000 to $3,000,000, and authorizing new/renewal decisions up to $1,000,000 in aggregation. Strong financial analysis and communication skills are essential.

Qualifications

• Bachelor's degree in Accounting/Finance/Economics or related field; preferred specialized financial analysis training.
• Minimum of two years related experience as a Business Solutions Credit Analyst or equivalent.
• Thorough knowledge of commercial lending and loan review regulations and banking regulations.
• Advanced ability to analyze financial statement data and distill conclusions.
• Strong communication skills across all bank platforms including peers, management and outside customers.
• Ability to use accounting/financial analysis techniques and financial modeling including DCF.
• Proficient in Microsoft Office and banking software.

Responsibilities

• Performs tasks for the credit analysis process.
• Conducts credit investigations and analyzes credit information pertaining to loans.
• Breaks down the balance sheet and income statement accounts; analyzes results and compares current results to prior periods.
• Prepares reports summarizing analysis of borrowers’ financial condition and capacity to repay debt; prepares new loan requests and reviews credit from $500,000 to $3,000,000.
• Prepares projections on income, sales, expenses and net worth of the client with the credit report or for a lender/management.
• Demonstrates ability to decision new loan requests and renewal up to $1,000,000 in aggregation.
• Assists in Portfolio Management duties and New Money Requests.
• Assesses collateral values, reviews appraisals and collateral coverage.
• Assigns Risk Ratings.
• Maintains updated financial statements and relevant borrower information to assess credit quality.

Skills

Credit analysis

Financial analysis

Communication skills

Microsoft Office

Banking software

Education

Bachelor's degree in Accounting/Finance/Economics

Tools

Microsoft Office

Banking software

Job description

First Commonwealth Bank seeks a Credit Analyst to promote asset quality by analyzing financial statements and credit data, preparing comprehensive reports for lending decisions, and supporting credit culture through portfolio and policy tasks.

The role involves evaluating loan requests from $500,000 to $3,000,000, and authorizing new/renewal decisions up to $1,000,000 in aggregation. Strong financial analysis and communication skills are essential.