Credit Analyst I (Full Time) - Lubbock, Ave Q

Socket.dev; Lubbock (TX); On-site; USD 55,000 - 75,000; Full time

Job summary

Prosperity Bank in Texas is seeking a Credit Analyst to analyze credit and financial reports to determine risk in lending. You will spread and analyze commercial statements and perform basic underwriting for loan packages.

Responsibilities include reviewing loans, recommending credit grades, identifying documentation issues, and supporting loan officers with timely analysis. The ideal candidate has solid banking experience, strong analytical and communication skills, and the ability to manage

Qualifications

• Bachelor’s degree in Business Admin, Accounting, or Finance with accounting/finance coursework.
• Minimum two years banking experience preferred.
• Strong analytical and communication abilities.

Responsibilities

• Spread and analyze commercial financial statements for loan customers.
• Perform financial analysis and basic underwriting of loan packages.
• Review existing commercial loans and assign credit grades.
• Identify documentation exceptions and evaluate underwriting.
• Conduct CRE stress test analysis and review Rent Rolls, Budgets, Pro Forma Statements, Feasibility Studies.
• Prepare Stress Models and Projected Income Scenarios.
• Support other duties as assigned.

Skills

Analytical skills

Communication skills

Multitasking

Education

Bachelor’s Degree in Business Administration, Accounting, or Finance

Job description

Prosperity Bank is an Equal Opportunity Employer.

POSITION PURPOSE

Responsible for analyzing credit and financial reports to determine risk involved in loaning money or extending credit.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

1. Spreading and analysis of commercial financial statements for prospective and existing loan customers.
2. Perform financial analysis and basic underwriting of loan packages for loan officers to include the following: trend, equity and ratio analysis, loan structuring, collateral analysis, guarantor analysis, and calculation of Global Debt Service Coverage.
3. Perform loan reviews of existing commercial loans
4. Recommend credit grades based on creditworthiness of borrower and performance of the loan
5. Identify documentation exceptions and evaluate underwriting
6. CRE Stress Test Analysis
7. Review Rent Rolls, Construction Budgets, Pro Forma Statements, Feasibility Studies, A/R Aging, Inventory, Equipment, Floor Plan Reports
8. Prepare Stress Model, Projected Income Scenarios, etc…
9. Other duties as assigned.

QUALIFICATIONS:

EDUCATION/CERTIFICATION: Bachelor’s Degree in Business Administration, Accounting, or Finance with a minimum of 12 hours of accounting and/or 18 hours of finance.

REQUIRED EXPERIENCE: Minimum two-year banking experience preferred.

SKILLS/ABILITIES: Ability to work on multiple transactions simultaneously and prioritize assignments to meet deadlines. Strong analytical skills with an ability to interpret complex financial information and identify relevant risks. Strong verbal and written communications skills.

CAREER PROGRESSION: Successful candidates will have the opportunity of becoming Junior Commercial Lenders after completion of the two-year Credit Analyst program

POSITION LOCATION: Open to relocation within the State of Texas and Oklahoma if necessary.

SUPERVISORY RESPONSIBILITIES:

This role has no supervisory responsibilities.

QUALIFICATIONS

Education/Certification:Bachelor’s Degree in Business Administration, Accounting, or Finance with a minimum of 9 hours of accounting and/or 12 hours of finance.

REQUIRED EXPERIENCE:Minimum one year banking experience preferred.

SKILLS/ABILITIES:Ability to work on multiple transactions simultaneously and prioritize assignments to meet deadlines.

Strong analytical skills with an ability to interpret complex financial information and identify relevant risks.

Strong verbal and written communications skills.

CAREER PROGRESSION: Successful candidates will have the opportunity of becoming Junior Commercial Lenders after completion of the two-year Credit Analyst program

POSITION LOCATION: Open to relocation within the State of Texas and Oklahoma if necessary.

PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

Talking: Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly.

Average Hearing: Able to hear average or normal conversations and receive ordinary information.

Repetitive Motion: Movements frequently and regularly required using the wrists, hands, and/or fingers.

Average Visual Abilities: Average, ordinary, visual acuity necessary to prepare or inspect documents or products, or operate machinery.

Physical Strength: Sedentary work; sitting most of the time. Exerts up to 10 lbs. of force occasionally. (Almost all office jobs.)

WORKING CONDITIONS

None: No hazardous or significantly unpleasant conditions (such as in a typical office).

MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

Reasoning Ability: Ability to deal with a variety of variables under only limited standardization. Able to interpret various instructions.

Mathematics Ability: Ability to compute interest, payments, profit and loss, financial ratios, percentage, cash flow and debt service. Able to perform very simple algebra.

Language Ability: Ability to read a variety of books, magazines, instruction manuals, atlases, and encyclopedias. Ability to prepare memos, internal loan applications, reports, and essays using proper punctuation, spelling, and grammar. Ability to communicate distinctly with appropriate pauses and emphasis, correct pronunciation (or sign equivalent), and variation in word order using present, perfect, and future tenses.