Credit Analyst

First Commonwealth Bank; Pittsburgh (Allegheny County); Hybrid; USD 60,000 - 75,000; Full time

Job summary

First Commonwealth Bank is seeking a Credit Analyst in Pittsburgh to perform credit analyses, analyze financial statements and prepare risk assessments for loan approvals.

The role requires strong analytical skills, proficiency in financial modeling, and knowledge of banking regulations. You will collaborate with loan officers and management to ensure accurate credit decisions and timely reporting.

Qualifications

• This role requires strong credit analysis and financial modeling skills.
• Knowledge of commercial lending and banking regulations is essential.
• Excellent written and verbal communication across stakeholders.

Responsibilities

• Perform tasks for the credit analysis process.
• Conduct credit investigations and analyze loan information.
• Break down balance sheets and income statements for comparison.
• Prepare reports on borrower financial condition and debt repayment capacity.
• Prepare projections of income, expenses and net worth.
• Value collateral, review appraisals and assess coverage.
• Assign Risk Ratings and monitor borrower credit quality quarterly.
• Assist loan officers in gathering borrower information.
• Prepare reports on problem assets for committees.
• Participate in Credit Administration projects and ensure policy compliance.
• Meet department goals and adhere to SLAs with business lines.

Skills

Credit analysis

Financial statement analysis

Financial modeling

Communication skills

Microsoft Office

Banking regulations

Attention to detail

Time management

Education

Bachelor’s degree in Accounting/Finance/Economics

2+ years credit analysis experience

Tools

Banking software

Job description

Union Trust Bldg
Pittsburgh, PA 15219, USA

Essential Job Responsibilities__________________________________

1. 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 the results and compares the current financial results to the prior financial periods.
   • Prepares reports to summarize analysis of borrowers’ financial condition and capacity to repay debt. Prepares loan request submissions for various Loan Committees or other approving authorities.
   • Prepares projections on income, sales, expenses and net worth of the client with the credit report or for a request by the lender or management.
   • Values collateral when necessary, reviews appraisals and assesses collateral coverage.
   • Assigns Risk Ratings.
   • Follows assigned portfolio or accounts for updated financial statements or other relevant information to assess borrower credit quality through the quarterly triage process.
   • Assists loan officers in gathering information relevant to analyzing the borrower.
   • Prepares reports on problem assets for the Criticized Asset Committee.
   • Participates or assists in projects or tasks necessary for the Credit Administration function.
   • Ensures that all credit analysis activities are conducted in accordance with prescribed lending policy.
2. Achieves goals assigned to the Credit Analyst as part of the department’s annual operating plan.
3. Adheres to the Credit Analysis department’s Service Level Agreement with the Commercial Services and Consumer Services business line.

Bona Fide Occupational Qualifications___________________________

1. A Bachelor’s degree in Accounting/Finance/Economics or a related field of study or equivalent experience; preferred specialized financial analysis training. A minimum of two (2) years related experience as an Associate Credit Analyst or equivalent experience with another financial institution.
2. A thorough knowledge of commercial lending and loan review regulations and banking regulations, procedures, and operations.
3. Advanced ability to analyze financial statement data and distill conclusions
4. Strong communication skills across all bank platforms including peers, management and outside customers.
5. A strong knowledge of accounting and financial analysis techniques and ability to use these skills to perform financial modeling including but not limited to discounted cash flow techniques and projected forecasted cash flow.
6. Proficient ability to use Microsoft Office programs and banking software.
7. Strong reading, writing, and grammar skills; superior analytical and mathematical skills; proficient communicative and interpersonal relations skills.
8. Ability to multitask under tight deadlines, strong time management skills.
9. Thorough knowledge of bank policy and procedures, as well as bank regulations.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.