Credit Analyst: Financial Health & Lending Reports

Socket.dev; Pittsburgh (Allegheny County); On-site; USD 55,000 - 75,000; Full time

Job summary

First Commonwealth Bank seeks a Credit Analyst to assess loan requests by analyzing financial statements and credit data, preparing comprehensive reports to support lending decisions, and ensuring timely updates on borrower risk.

The role involves preparing projections, evaluating collateral, and supporting cross-functional teams in risk management while maintaining adherence to bank policies and procedures.

Qualifications

• Bachelor’s degree in Accounting/Finance/Economics or related field; equivalent experience may be acceptable
• Advanced ability to analyze financial statement data and derive conclusions
• Strong communication across bank platforms and with stakeholders
• Proficient in financial modeling concepts including discounted cash flow

Responsibilities

• Performs tasks for the credit analysis process.
• Analyzes borrowers’ financial statements and credit data.
• Prepares reports summarizing financial condition and repayment capacity.
• Prepares loan submissions for Loan Committees or approving authorities.
• Projects income, expenses and net worth for clients.
• Assesses collateral value and coverage.
• Assigns Risk Ratings.
• Monitors borrower information for quarterly updates.
• Assists loan officers in gathering information for analysis.
• Prepares reports on problem assets for committees.
• Ensures compliance with lending policy.

Skills

Financial analysis

Credit analysis

Communication skills

Time management

Multitasking

Education

Bachelor’s degree in Accounting/Finance/Economics or related field

Tools

Microsoft Office

Banking software

Job description

First Commonwealth Bank seeks a Credit Analyst to assess loan requests by analyzing financial statements and credit data, preparing comprehensive reports to support lending decisions, and ensuring timely updates on borrower risk.

The role involves preparing projections, evaluating collateral, and supporting cross-functional teams in risk management while maintaining adherence to bank policies and procedures.