Credit Analyst

Colonial Savings; Fort Worth (TX); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Health benefits

Dental

401k

Job summary

Colonial Savings is seeking a Credit Analyst to analyze credit data and assist with annual reviews for commercial customers. You will perform independent analysis, assess risk, and make recommendations on loan structures, serving as a resource to lenders on credit/industry analysis and underwriting standards.

You will spread financial statements, review tax returns, participate in initial and final credit structuring, and interact with Relationship Managers to gather information and discuss

Qualifications

• Bachelor's degree with 12+ hours in Accounting, Finance or equivalent graduate level Accounting coursework.
• Prefer 2+ years credit analyst/loan review experience.
• Advanced analytical knowledge with strong ability to interpret analytics and make deductions.
• Excellent communications skills (verbal and written) with ability to communicate across all levels of the organization.

Responsibilities

• Analyze financial statements and assess credit risk for commercial customers.
• Review and analyze tax returns.
• Perform independent risk assessments for prospective and existing relationships.
• Provide loan pricing analysis and recommend loan structures to Relationship Managers.
• Assist in structuring credits and developing new credit business with clients.
• Evaluate credit risk via annual reviews of the commercial loan portfolio.
• Identify problem loans early to minimize losses.
• Assign risk grades and discuss repayment capacity with Relationship Managers.

Skills

Analytical skills

Communication skills

Team player

Microsoft Office

English proficiency

Education

Bachelor's degree with Accounting/Finance coursework

Tools

Microsoft Office

Job description

The Credit Analyst will be responsible for analyzing credit data and assisting with completing the annual review process for commercial customers. Will complete independent analysis and risk assessments for prospective and existing relationships; make recommendations regarding loan structure and functioning as a valued resource to lenders with respect to credit/industry analysis, loan policy and prudent underwriting standards. This position also works cooperatively to support the Credit Analyst/Loan Review Manager and Commercial Banking President.

Duties and Responsibilities:

• Responsible for financial statement spreading
• Review and analyze tax returns
• Complete independent analysis and risk assessments for both significant prospective and key existing relationships
• Make recommendations to Relationship Managers regarding appropriate loan products and loan structures based upon findings and will provide loan pricing analysis including pricing recommendations
• Participate in the initial and final structuring of credits
• Assist in development of new credit business via interaction with existing or prospective customers to gather key information for credit analysis
• Evaluates credit risk of the commercial loan portfolio via annual reviews of all commercial lending
• Identify problem loans or developing problem loans within a timely manner in order to minimize loan losses
• Assign risk grades to individual loan relationships
• Analyze borrower's capacity to repay debt and discuss with Relationship Managers regarding this analysis; discussions include a variety of issues which may affect borrower's ability to repay debt as expected and are essential, so a fully informed and valid conclusion regarding risk grades can be made

Education:

Some high school coursework High School diploma Some college

Associates Degree Bachelor's Degree Master's Degree

Certification:

Specialized knowledge/experience:

Knowledge/Skills/Abilities:

• Bachelor's degree with 12+ hours in Accounting, Finance or equivalent graduate level Accounting coursework
• Prefer 2+ years credit analyst/loan review experience
• Advanced analytical knowledge with a strong ability to interpret analytics and make deductions on facts and circumstances
• Excellent communications skills (verbal and written) with an ability to communicate with all levels of the organization
• Ability to work in a team environment
• Exercises judgment on credit analysis and loan reviews
• Strong proficiency with Microsoft Office products
• Communicating in English to locate, read, and report information
• Ability to use a personal computer equipped with standard keyboard and mouse
• Concentrating/Thinking
• This position requires regular attendance during regular business hours subject to in-person supervision during working hours and in-person interaction with coworkers and supervisors
• Must be able to work additional hours when needed (Example: month end close)

Physical Requirements:

• Must be able to work additional hours when needed. (Example: month end close)
• Ability to communicate in English to locate, read, and report information
• Ability to use a personal computer equipped with standard keyboard and mouse
• Ability to sit at a standard desk for 8+ hours daily
• General mobility/ability to physically move between buildings and departments
• This position requires regular attendance during regular business hours subject to in-person supervision during working hours and in-person interaction with coworkers and supervisors

Supervisory Responsibilities, if any

• None

Interaction:

Interact with DFW Commercial Banking President, Colonial internal and external customers, potential clients and existing customers.

The above statements are intended to describe the general nature and level of work performed by employees assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required. Management reserves the right to alter or amend the functions and responsibilities of this position as necessary, at any time.

The above statements are intended to describe the general nature and level of work performed by employees assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required. Management reserves the right to alter or amend the functions and responsibilities of this position as necessary, at any time.

This position offers a full range of benefits including Health, Dental, and 401k.

We are an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or veteran status.