Credit Analyst I

Vision Bank; Ada (OK); On-site; USD 50,000 - 70,000; Full time

Job summary

Vision Bank is seeking a Credit Analyst to assess the creditworthiness of individuals and businesses. The role involves analyzing financial data, ensuring accurate credit analysis, and recommending loan approvals or denials based on risk factors.

The ideal candidate will hold a Bachelor’s degree and possess strong communication skills along with proficiency in Microsoft Office and analysis software.

Qualifications

• Bachelor's degree in Accounting, Economics, Finance, Statistics, or Mathematics required.
• Proficient in Microsoft Office Suite or related software.
• Ability to communicate effectively in written and verbal formats.

Responsibilities

• Analyze credit data and financial statements to identify lending risk.
• Research employment and income for individual credit applicants.
• Use software to evaluate customers’ financial status.

Skills

Excellent verbal and written communication skills

Proficient in Microsoft Office Suite

Ability to identify discrepancies and problems

Understanding of credit analysis policies and procedures

Ability to exhibit core values (Integrity, Excellence, etc.)

Education

Bachelor’s degree in Accounting, Economics, or Finance

Tools

Microsoft Office Suite

Analysis software

Job description

Job Summary

The Credit Analyst will review the creditworthiness of individuals or businesses to determine the risk involved in lending money or extending credit.

Description

Title: Credit Analyst

Duties/Responsibilities

• Analyzes credit data and financial statements of individuals or businesses to identify the degree of risk involved in lending money or extending credit.
• For individuals, performs research to verify employment and income, inspects reports from credit reporting agencies, and reviews FICO scores.
• For businesses, compares to similar businesses in terms of liquidity, profitability, and credit histories.
• Uses computer software to further evaluate customers’ financial status and produce financial ratios.
• Compiles information, completes loan applications, and composes reports detailing the degree of risk involved in loan or credit request; recommends approval or denial based on results.
• Sets interest rate and minimum or maximum term of repayment for customers based on earnings, savings data, payment history, and purchase activity.
• Determines the expected profitability of loans by analyzing a business’s financial data including quality of management, income growth, and market shares.
• Resolves customer complaints and verifies transactions through consultation.
• Identifies delinquent accounts through the review of individual or commercial customer files.
• Performs other related duties as assigned.

Requirements

Required Skills/Abilities

• Ability to exhibit our core values; Integrity, Enthusiasm, Accountability, Excellence, Customer First, Professionalism, and Respect.
• Identify and report risks that could impede the reputation, safety, security, or financial success of the bank.
• Excellent verbal and written communication skills.
• Proficient in Microsoft Office Suite or related software, as well as analysis software.
• Basic understanding of relevant equipment, policies, procedures and strategies used in credit analysis.
• Ability to identify discrepancies and problems.

Education And Experience

• Bachelor’s degree in Accounting, Economics, Finance, Statistics, or Mathematics required.