Credit Analyst I

Midwest BankCentre; St. Louis (MO); On-site; USD 55,000 - 85,000; Full time

Job summary

Midwest BankCentre is seeking a Credit Analyst to provide analytical support for its commercial banking team. You will analyze current credit data, financial statements, and due diligence materials to assess risk in lending decisions.

Responsibilities include spreading financial statements, preparing cash flow analyses, evaluating borrower repayment capacity, and assisting with credit approvals and portfolio monitoring.

Qualifications

• Bachelor's Degree in finance, accounting or other business-related field required or equivalent experience.
• Basic knowledge of economic and accounting principles, financial markets, banking, and the analysis and reporting of financial data.
• Use of logic and reasoning to identify strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
• Knowledge of generally accepted accounting principles and ability to read a financial statement.
• Strong written and verbal communication and presentation skills.

Responsibilities

• Spread business financial statements and produce cash flow analyses for loans.
• Analyze trends in borrowers' business and assess repayment capacity.
• Assist in preparing credit approval forms and risk ratings.
• Assist in monitoring the commercial loan portfolio.
• Ensure financial statements and compliance certificates are up to date.
• Maintain knowledge of borrowers and collateral through financial research.

Skills

Credit analysis

Financial analysis

Cash flow analysis

Analytical reasoning

Communication skills

Teamwork

Multitasking

Attention to detail

Microsoft Outlook

Microsoft Excel

Education

Bachelor's degree in finance, accounting or other business-related field

Tools

Microsoft Word

Microsoft Excel

Microsoft Outlook

Job description

Objectives of this Role

The Credit Analyst provides analytical support for commercial banking, including an independent analysis of creditworthiness of customers and prospects. The position analyzes current credit data, financial statements, and necessary due diligence data of individuals or companies to determine the degree of risk involved in extending credit or lending money.

Essential Duties & Responsibilities

• Analyze and accurately spread business financial statements and produce cash flow analysis utilized in support of new and existing commercial loans, renewal requests, and amendments.
• Analyze and identify pertinent historic trends in the customer’s business, and evaluate strengths and weaknesses in a Borrower’s repayment capacity.
• Assist in the preparation of credit approval forms, annual and quarterly reviews, and accurate and timely risk ratings.
• Assist in the ongoing management and monitoring of commercial loan portfolio.
• Ensure certain financial statements and compliance certificates are up to date.
• Maintain in-depth knowledge of the soundness of borrowers and collateral through financial research including evaluating financial statements and analyzing third party data.

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities are as required and may change at any time with or without notice.

Competencies

• Customer Centric Focus
• Diversity and Inclusion
• Act with Integrity
• Collaboration and Teamwork
• Results Oriented/Execution
• Business Acumen

Skills & Qualifications

• Bachelor's Degree in finance, accounting or other business-related field required or equivalent experience.
• Basic k nowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
• Use of logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
• Knowledge of generally accepted accounting principles and ability to read a financial statement.
• Must possess strong written and verbal communication and presentation skills.
• Interact effectively with others to establish and maintain smooth working relations.
• Ability to prioritize and multi-task in a fast-paced environment.
• Strong organizational skills, detail-oriented, efficient, and ability to maintain a high degree of accuracy.
• Ability to work as a member of a team to produce needed outcomes and meet deadlines.
• Proficient in Microsoft Outlook and Microsoft Suite including Word and Excel.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.