Credit Analyst 3

Arvest Bank; Jonesboro (AR); On-site; USD 72,000 - 87,000; Full time

Job summary

Arvest Bank is seeking a Credit Analyst 3 in Jonesboro, AR. This mid-senior level role involves analyzing complex commercial loans, conducting financial assessments of borrowers, and collaborating with Commercial Bankers to prepare loan proposals. Candidates should possess a Bachelor's degree in Accounting or Finance and relevant experience. The position offers competitive compensation, a comprehensive benefits package, and significant opportunities for professional growth.

Benefits

Comprehensive benefits package

Health and life insurance

Financial wellness benefits

Professional growth opportunities

Qualifications

• 3 years of experience as a credit analyst or commercial loan underwriter required.
• Certified Lease and Finance Professional Certification preferred.
• Relevant military experience considered.

Responsibilities

• Analyze and spread financial statements for complex commercial credits over $10 million.
• Prepare reports to forecast expectations regarding industry performance.
• Monitor loan compliance and make recommendations to senior management.

Skills

Analytical Skills

Financial Analysis

Creditworthiness Assessment

Education

Bachelor's degree in Accounting, Finance, or Business

9 hours of college-level accounting or equivalent training

Job description

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Pay is based on a number of factors including the successful candidate’s job-related knowledge and skills, qualifications, and prior experience. Arvest offers a comprehensive suite of benefits, including a full range of health and life, financial, and wellness benefits. For more information about benefits, please visit www.arvest.com/careers/benefits .

Position is located at 2009 Browns Ln., Jonesboro, AR 72401.

Hours are typically Monday through Friday 8:00 am to 5:00 pm with ability to work extra hours as needed.

The story of Arvest is one of commitment, started by our founders in 1961 with an intense dedication to focusing on our customers. We will always be active and involved members of the communities we serve, and we will always work to put the needs of our customers and associates first as we continue to fulfill our mission – People helping people find financial solutions for life.

Job Title: Credit Analyst 3

With limited direction, incumbents analyze and project credit and financial information for the most complex commercial loans. Incumbents frequently analyze complex credits in excess of $10 million in aggregate debt. Work with borrowers and Commercial Bankers in the preparation and presentation of loan proposal packets for the Loan Committee meetings. Incumbents conduct financial analysis on borrowers to assess the ability to repay loans, monitor trends and conditions, and determine and alert senior management to potential problem situations that surface from analytical research. In addition, incumbents monitor loan compliance by tracking technical exceptions and the calculation of financial covenants.

What You Will Do at Arvest: (Other duties may be assigned.)

• Analyze and spread financial statements and related material for complex commercial credits with aggregate debt in excess of $10 million.
• Determine the need for more thorough research or additional information and work with the Commercial Bankers to obtain it.
• Stay informed on the respective industries represented within loan portfolios and the trade area.
• Prepare summary reports, present facts, and offer recommendations concerning creditworthiness and customers' ability to repay loans. Jointly work with Commercial Bankers to prepare loan proposals for customer requests and credit memorandums.
• Work directly with customers and prospects during the credit review process in conjunction with the Commercial Bankers.
• Make recommendations to senior management regarding improvements to bank procedures and processes.
• Monitor loan compliance throughout the year through monitoring of technical exceptions and calculation of financial covenants.
• Prepare reports to forecast future expectations and to show how certain industries will perform to determine the risk associated with the endeavor.
• Review and report on concentration reports to senior management to help determine the focus for the coming year.
• Prepare Supervisory LTV, Officer Stock Portfolio, Covenant Tracking, Guidance Line Monthly Officer Analysis, and other reports as assigned by management.
• May provide in-depth loan portfolio monitoring/management for the assigned bank group.
• May mentor, train, or supervise Credit Analysts 1 and 2.
• Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program, as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity.
  
  
  

Supervisory Responsibilities: May fulfill supervisory responsibilities in accordance with the organization's policies and applicable laws.

Responsibilities:

Required Toolbox for Success:

• Bachelor's degree, preferably in Accounting, Finance, or Business, or equivalent finance, accounting, or lending experience
• 9 hours of college-level accounting or equivalent training (ABA, Omega/Moody's' or other in-depth training courses focused on financial analysis or commercial loan underwriting)
• 3 years of experience as a credit analyst or commercial loan underwriter
• Certified Lease and Finance Professional Certification (CLFP) or the ability to obtain within two years of hire (required for Arvest Equipment Finance positions only)
  
  
  

Preferred Toolbox for Success:

• Arvest experience
  
  
  

Relevant military experience is considered for veterans and transitioning service members.

Physical Demands:

Regular attendance is an essential function of the job. The associate must be able to travel occasionally within the US, possibly overnight. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.

We offer competitive compensation, benefits packages, and significant professional growth.

Arvest Bank is committed to providing equal opportunity to all persons regardless of race, color, race-based hairstyles and textures, religion, marital status, sex, sexual orientation, gender identity, pregnancy, age, national origin, disability, veteran status, or any other basis, which now or in the future may be specified by law.

Along with an excellent benefits package, our associates are engaged, rewarded for performance, and encouraged to grow professionally and personally. Our associates drive our future. We urge you to apply if you want to be recognized for your results and empowered to reach your potential.

Grade 16

Pay Range: $72560 - $86165 per year

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Business Development, Analyst, and Consulting

• Industries

  Banking, Financial Services, and Investment Management

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