Credit Analyst II

Flatirons-Bank-; Boulder (CO); On-site; USD 66,000 - 85,000; Full time

Benefits offered by this job

Medical, dental and vision insurance

Employer-provided life insurance

401K with match

HSA with company contribution

PTO and Volunteer Time Off

Job summary

Flatirons Bank is seeking a Credit Analyst II to support lending activities by performing financial analysis, preparing credit memorandums, and monitoring larger, complex relationships. You will work with lending, management, and operations in a client-centric environment.

The role offers competitive compensation with a base salary and comprehensive benefits, including the opportunity for annual bonus and a strong focus on community impact in Boulder County.

Qualifications

• Bachelor's degree or equivalent with in-depth accounting background.
• Experience in credit analysis of financial statements and tax returns.
• Strong writing and reasoning to justify credit decisions.
• Knowledge of lending products and related regulations.

Responsibilities

• Prepare detailed credit approval packages for relationship managers.
• Analyze financial statements, proforma, and projections for lending decisions.
• Monitor lending relationships and ensure compliance with policies and regulations.
• Support portfolio reviews, covenant testing, and risk rating accuracy.
• Assist in loan closings and documentation review as needed.

Skills

Credit analysis

Financial statements

Regulatory knowledge

Communication skills

Math skills

Banking compliance

Education

Bachelor's degree

Accounting background

Financial industry curriculum

Tools

DCI iCore

Finastra LaserPro

AccuSystems

BakerHill NextGen

Job description

Do you desire a career that provides you with opportunities to learn, grow, and impact your community? Flatirons Bank is seeking candidates from all backgrounds to join our team.We are looking for driven, reliable, hardworking candidates who want to make a difference in their community and work for a company where their opinion counts. We want our employees to be proactive, resourceful, communicative, efficient, and to provide key input into the future success of our team. If your goal is to build a career with impact and influence, consider joining the dedicated team at Flatirons Bank.WHO WE AREFlatirons Bank is a full-service independent bank dedicated to serving the financial needs of individuals, businesses, and nonprofits in Boulder County. With locations in Boulder and Longmont, we provide personalized banking experience, making all our decisions locally. Since our inception over two decades ago, our goal has been to bring more to banking in Boulder County. We take pride in developing personal relationships with our clients while maintaining the highest level of professional service. Our suite of services includes Personal and Business Banking services, Professional Services Banking, Treasury Management, Mortgage Lending, and Commercial Real Estate Lending solutions.Flatirons Bank not only provides personalized and innovative banking solutions for our clients, but our employees also personally contribute to making a difference in the Boulder County community through a variety of nonprofit organizations. Flatirons Bank’s headquarters location in Boulder was the first in the county to achieve LEED Gold certification upon its opening in 2009. The Bank actively works towards being a community leader that balances purpose with profit by considering the impact of its decisions on its stakeholders: employees, clients, vendors, community, and the environment. By working at Flatirons Bank, you are helping your neighbors and local businesses thrive.Website www.flatirons.bankContact [e-mail] AND RESPONSIBILITIESThe Bank’s lending products include the following: residential mortgages, residential construction loans, investment property loans, aircraft loans, business working capital loans and lines of credit, and business equipment financing. The position of Credit Analyst II is responsible for supporting the lending activities of the bank by performing financial analysis, delivering quality, accurate and timely credit memorandums, and monitoring of the bank’s larger, more complex lending relationships. This position requires the Credit Analyst II to work closely with lending, management, operations, compliance, and others in a client-centric and rewarding environment. Compensation will be competitive and commensurate with experience, and will include an attractive base salary, annual bonus opportunity, and comprehensive benefits package. The specific responsibilities are further outlined below:LeadershipAssists in the guiding, mentoring and training of team members on loan systems, policies and procedures.Lending and Credit Analysis KnowledgeIntermediate knowledge of accounting principles and of personal and business financial statements and tax returns.Intermediate understanding of personal and business lending products and services.RegulatoryStays up-to-date and trained on bank’s procedures, required bank compliance training, and required Federal and/or State rules and regulations related to lending activities.Adheres to all Federal and State laws and regulations applicable to the Bank as well as all Bank policies and procedures.Reporting and AdministrationAssists in managing system produced exception reports and collecting post-closing and annual monitoring requirements in a timely manner.Coordinates and completes annual reviews of lending relationships and periodic covenant testing.Assures loan compliance and procedure quality controls are maintained for all loans.Assures loan risk ratings remain accurate.Develops and tests policies and procedures pertaining to the maintenance of accurate accounting records and report preparation.Works with credit administration to make recommendations and implementation of changes to operations.Supports the bank’s consultative process to deepen existing relationships, on-board new relationships and exit unprofitable relationships.Assists loan administrators and relationship managers in planning for loan closings and ensuring all approval conditions have been met.Assists loan administrators and relationship managers to review loan documentation prior to closing.Assists Senior Credit Officer with macro and micro level portfolio reviews including, but not limited to, stress testing, concentration monitoring and policy exception tracking.Client ExperienceAnalyzes and interprets financial statements including proforma and projections using trend analysis, ratio analysis, cash flow analysis, and industry averages, as well as macro/industry trends review/analysis, for individuals, commercial operating entities, and real estate entities.Prepares detailed, written credit approval packages for relationship managers and senior management which includes identifying and mitigating credit risks and loan policy exceptions, proposing covenant and monitoring requirements, proposing loan structure enhancements, and assessing the loan risk rating.Ensures credit inquiries and UCC filing are researched to determine creditworthiness and appropriate collateral positionings are achieved.Assists relationship managers, as necessary, in meeting with and interviewing current and prospective clients, as well as monitoring client relationship for compliance with credit standards through monthly portfolio monitoring.Performs pre-qualification assessment and analysis of financial condition and risk of financing requests within framework of Bank credit culture and current economic and industry trends.Develops and maintains knowledge of financial industry, economy, market conditions (both nationally as well as within Boulder County), rates, vendors and competition.Assists relationship managers with loan closings, as needed.Participates in community and business functions to ensure a positive image for the bank within the marketplace.Provides excellent internal and external service by demonstrating courtesy and personal concern for customers and coworker needs and follows up to ensure needs are met.Maintain a professional work environment, demeanor, and business-like appearance.Perform other related duties periodically as required and assigned.EDUCATION / EXPERIENCE / SKILLSBachelor's degree from a four-year college or university; or three to seven years of related experience and/or training; or the equivalent combination of education and experience. Work-related experience should consist of an in-depth background in accounting skills. Educational experience, through in-house training sessions, formal school, or financial industry curriculum, should be applicable to the financial industry.Experience with the credit analysis of financial statements and tax returns required.Strong reasoning and writing skills to efficiently communicate well supported rational for all types of credit decisions and actions.Strong math skills; calculate interest, proportions, and percentages; balance amounts; locate routine mathematical errors, compute rate, ratios and percentages.Intermediate knowledge of general acceptable accounting principles, budgeting, and related accounting and record keeping systems in a financial institution.Exceptional oral, written, and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, understand procedures, write reports and correspondence, and communicate clearly to clients and employees.Strong word processing and spreadsheet skills.Strong knowledge of related state and federal banking compliance regulations, and Bank policies and procedures.Knowledge of loan documentation as well as the necessary supporting requirements to perfect collateral position.Required experience with one or more of the following (or similar) software products is preferred: DCI iCore core system, Finastra LaserPro documentation software, AccuSystems documentation retention software and BakerHill NextGen statement spreading software.Excellent organizational and time management skills.Ability to work with minimal supervision while performing duties.WHAT WE OFFERCOMPENSATION AND BENEFITSThe position’s pay range starts anywhere between $66,000 to $85,000 annuallyAn annual bonus may be paid to eligible employees based upon organizational and individual performance.Medical, dental and vision insuranceShort-term and long-disability insuranceEmployer paid life insuranceEmployer-matching 401KGuaranteed Safe Harbor MatchDiscretionary Yearend Profit-Sharing MatchHealth Savings Account with company contributionHealth Reimbursement ArrangementPaid-time off (PTO)Volunteer Time OffPaid parkingREPORTINGSupervision ReceivedDirectly: Vice President, Senior Portfolio ManagerIndirectly: Sr Credit OfficerSupervision ExercisedDirectly: N/AIndirectly: N/A