Credit Analyst

Ohnward Bancshares; Marion (IA); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

Health Insurance

Dental Insurance

401k - Safe Harbor

Paid Holidays

Paid Time Off

Group Life Insurance

Short/Long Term Disability

Maternity/Paternity Leave

Community Involvement

Job summary

Ohnward Bancshares seeks a Credit Analyst to assess creditworthiness for loan applicants and assist lenders in managing their portfolios. The role involves analyzing financial data, preparing formal loan proposals, and ensuring compliance with policies and regulations.

Responsibilities include supporting lenders with financial statement spreading, compiling loan documents, and participating in loan committee discussions to optimize risk management and credit quality.

Qualifications

• Associate degree or 2-4 years related experience required.
• Strong analytical and financial statement interpretation abilities.
• Excellent communication and interpersonal skills, with detail orientation.

Responsibilities

• Support loan lenders and officers with financial statement spreading and analysis.
• Prepare loan documents and formal proposals and risk ratings.
• Monitor and support portfolio through ongoing financial statement reviews.
• Ensure compliance with applicable laws, policies and procedures.
• Assist in collecting information from clients for underwriting.
• Handle loan documentation and participate in loan committee discussions.
• Monitor credits to ensure risk ratings align with credit quality.

Skills

Financial analysis

Credit assessment

Communication skills

Interpersonal skills

Time management

Attention to detail

Education

Associate Degree in Business Administration, Accounting, Finance or related field

2-4 years experience or training

Tools

Banking software/Applications

Job description

Location: Ohnward Bank Trust Marion - Marion, IA 52302

POSITION SUMMARY

The Credit Analyst is responsible for assessing a loan applicant's credit worthiness. Credit analyst include analyzing credit data and financial information of persons or companies that are applying for credit or loans to determine the risk to the bank. This position assist lenders in managing their portfolios.

KEY ORGANIZATIONAL RELATIONSHIPS

Reports to an Officer.

Works closely with all lenders and lending team.

DUTIES AND RESPONSIBILITIES

• Provides support of loan lenders and officers through financial statement spreading and analysis of new loan requests and existing credit relationships.
• Accurately prepares loan documents.
• Under direction, prepares formal loan proposals, risk ratings and loan pricing worksheets which summarize the total relationship and a complete financial overview to include ratio and trend analysis.
• Provides additional loan agreement/covenant monitoring support to commercial lending and underwriting groups.
• Provides on-going portfolio assistance through spreading on-going required financial statements as they are received from the Bank’s customers.
• Ensures all documents and activities are performed in compliance with applicable laws, regulations, policies and procedures as applicable.
• The monitoring of the portfolio which includes but not limited to financial tracking and monitoring maturing notes/annual reviews.
• Requesting and obtaining all information needed from the client or prospect to underwrite the credit request.
• Participate in discussions and subsequent meetings with loan officers and other credit analyst to exchange information and ideas, and to seek to understand the opinions of others.
• Manage the files for final completion documents on all transactions, on-going financial statements, tax returns, and other tickler items.
• Monitor all credits are risk rated, and that risk ratings remain commensurate with the quality of the credit as supported by file and financial information.
• Ability to take payments, look up balances and interest rates.
• Assist lenders in managing their portfolios, pull credit reports, pull flood determinations, and order appraisals. Efficiently prepare Laser Pro loan documents to assist lenders, ensuring they are prepared correctly, accurately and enforceable.
• Attend loan committee to learn and assist lenders.
• Prepare Right to Cure notices on installment or real estate loans on an ongoing basis for 30+ day delinquencies or as otherwise directed by Loan Committee.
• Performs other duties as assigned.

SKILLS AND ABILITIES

• Ability to read, analyze, and interpret general business documents, technical procedures or governmental regulations. Ability to write reports, business correspondence, and procedures manuals. Ability to effectively present information and respond to questions from groups of managers, and customers.
• Familiarity with computers and banking applications/software. Solid understanding of lending products and practices.
• Excellent communication and interpersonal skills.

EDUCATION AND EXPERIENCE

• Associate Degree in Business Administration, Accounting, Finance or related field; or 2-4 experience and/or training; or equivalent combination of education and experience.
• Experience in process evaluation or comparable experience.
• Excellent critical thinking and analytical skills.
• Strong organizational and prioritizing skills, and time management skills.
• Excellent interpersonal and communication skills, both written and oral.

BENEFITS:

• Stakeholder Bonus
• Health Insurance
• Dental Insurance
• Retirement Plan (401k) - 3% Safe Harbor Contribution + Discretionary Contribution
• 10 Observed Holidays
• PTO
• Group Term Life provided
• Short Term Disability - 100% provided by company
• Long Term Disability
• Maternity/Paternity Leave - 100% of pay
• Community Involvement
• Pay-It-Ohnward - Company Giving Program
• Grilling for Charity - Community Donations
• Thank God Its Monday (TGIM) Company Event

Equal Opportunity Employer