Credit Analyst I

First United Bank; Schertz (TX); On-site; USD 52,000 - 76,000; Full time

Job summary

First United Bank is seeking a Credit Analyst I in Schertz, TX. The role focuses on analyzing the financial condition and creditworthiness of individuals and businesses applying for credit, using historical analyses and cash flow projections.

You will prepare memos and reports for Loan Officers, and support lending decisions through detailed financial review. Qualified candidates have a finance or accounting background, 3–5 years of credit analysis experience, and proficiency with credit systems

Qualifications

• Bachelor’s degree in Finance, Accounting or related field.
• 3–5 years of credit analysis experience.
• Six months experience with credit systems.
• Underwriting expertise in one or more lending areas (e.g. CRE or C&I).

Responsibilities

• Analyzes loan data for new, renewal and existing loans.
• Prepares memos, spreadsheets, reports and opinions for Loan Officers.
• Manages bank exposure and structures transactions per policy.
• Maintains loan files and notifies Officers of potential problems.
• Performs credit inquiries and supports training of Analysts.

Skills

Financial analysis

Excel proficiency

Credit underwriting

Credit memo prep

Education

Bachelor’s degree in Finance, Accounting or related field

Tools

Credit systems

Job description

Join Our Team! We have a great team of friendly, talented and inspiring people at First United. As a learning organization, we take pride in offering exciting opportunities for employees to grow and follow their passions. That's one of the many reasons First United has been voted as one of the top places to work in Oklahoma since 2009! Browse this page to find out more about the First United culture and the many benefits of working here.

Job Title

Credit Analyst I

Job Description

This position is responsible for analysis and monitoring the financial condition and credit worthiness of individuals and businesses applying for credit by using historical financial analysis and cash flow projections.

SUMMARY

This position is responsible for analysis and monitoring the financial condition and credit worthiness of individuals and businesses applying for credit by using historical financial analysis and cash flow projections.

MAJOR DUTIES AND RESPONSIBILITIES (ESSENTIAL FUNCTIONS)

• Analyzes all relevant loan data on new, renewal and existing loans, including data provided by credit bureaus, other financial institutions, and First United's files.
• Prepares thorough and concise memos, spreadsheets, reports, summaries and opinions for Loan Officers on new, renewal and existing loans within established deadlines.
• Effectively manages the bank's exposure to identified risks, and recommends appropriate structure for transaction in accordance with First United's credit policy.
• Oversees and manages financial information files to assure current reports, statements, accounts receivable and other information on customer accounts, and notifies Loan Officers of any potential problems in a timely manner.
• Establishes, reviews and updates new and existing loan files for the Bank on a regular basis.
• Provides technical advice and assistance to Loan Officers.
• Performs credit inquiries.

ADDITIONAL DUTIES AND RESPONSIBILITIES

• Effectively communicates with Customers, Loan Officers, and Bank Management in a clear, accurate, and concise manner.
• Generates solutions to problems and suggests alternative solutions when necessary.
• Participates in Bank-wide projects with less specific direction and management while being a large contributor in volume and quality, and meeting established deadlines.
• Focuses on memos for relationships ranging from $500,000 to $2,000,000.
• Manages a high volume of loan activity through new originations or managing the existing portfolio.
• Creates and maintains solid working relationship with Loan Officers and other team members.
• Assists training and development of Credit Analyst I.
• Ability to adhere to all company policies, core values and procedures.
• Genuine interest in learning and working in the banking profession.
• Dresses professionally.
• Complete all required compliance exams on an annual basis.
• Perform other duties as assigned.

EMPLOYEE SPECIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

REQUIRED EDUCATION AND WORK EXPERIENCE

• Bachelor’s degree in Finance, Accounting or related field.
• Minimum 3-5 years of credit analysis experience.
• Six months experience with credit systems.
• Possesses specific area of underwriting expertise in one or more areas of lending (e.g. CRE or C&I underwriting).
• Knowledge of accounting sufficient to understand and analyze the relationships between the different financial statements, in order to produce a written analysis.

Technical / Functional Competencies

• Very strong financial analytical abilities, with knowledge of financial ratios.
• Advanced Proficiency in Excel.
• Ability to structure and underwrite larger, more complex transactions.
• Excellent interpersonal, technical, problem solving, and written communication skills needed for preparation of credit memos and analysis of financial statements.
• Demonstrates initiative, judgment/discernment and self motivation to work with minimal supervision.
• Demonstrates resourcefulness and concern for quality by understanding systems and processes and suggesting changes when necessary to increase overall efficiency.
• Demonstrates dependability through good attendance and adherence to time lines and schedules.

All Locations

Schertz

If any applicant is unable to complete an application or respond to a job opening because of a disability, please email us at [e-mail] for assistance.

First United is an Equal Opportunity Employer

First United is an Equal Opportunity Employer. To the extent required by Federal or State law, First United does not discriminate in employment opportunities or practices on the basis of race, color, religion, sex, national origin, or any other characteristic protected by law.

First United Bank is a family-friendly organization with strong ties to the communities we serve. We practice honesty, integrity, and exceptional customer service as we strive to be the best place, to bank, work and invest. We are committed to providing excellent career opportunities and a wide array of benefits for our staff. And, in recognition of First United's commitment to being a premier employer, we've been honored by OKCBiz Magazine as a "Best Places to Work" organization. As one of only 30 organizations and companies to receive this prestigious designation, we're very proud of our accomplishment! The key to First United's success is, and always will be, our exceptional people. Our employees share a desire to provide the best possible service to our customers and they work creatively, set high standards for themselves, and stick to them.

We look forward to meeting you and wish you the best in your career!