Credit Analyst l

Cathay Bank in; El Monte (CA); On-site; USD 43,000 - 45,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Long-term disability insurance

FSAs

HSA with company contributions

401(k)

Job summary

Cathay Bank is seeking a credit/financial analyst in El Monte, CA to manage loan covenants and analyze financial statements using nCino. The role requires preparing financial spreads and cash flow analyses for diverse borrowers, and ensuring covenant compliance with loan agreements.

Ideal candidates have a college degree in Finance/Accounting or 2 years related experience, strong MS Office skills, and the ability to work independently and as part of a team.

Qualifications

• College degree in Finance, Accounting, Business, or related field preferred, or 2 years related experience in credit or financial analysis.
• Experience analyzing financial statements, cash flow, and guarantor/ borrower tax returns.

Responsibilities

• Manages ticklers and covenants and monitors receipt of financial documents using nCino.
• Prepares and analyzes financial spreads for various entities per bank guidelines.
• Prepares individual and global cash flows.
• Calculates covenant compliance based on Borrower's Loan Agreement.

Skills

Accounting knowledge

Credit policy

Financial statement analysis

Communication skills

Teamwork and independence

Microsoft Office

Education

Finance/Accounting/Business degree

2 years related credit/financial analysis experience

Tools

Microsoft Office

Job description

DIRECT REPORTS

The incumbent has no direct reports.

ESSENTIAL FUNCTIONS

• Manages ticklers and covenants and monitors receipt of financial documents pertaining to the existing credits using nCino. This may include financial statements for borrowers, owners and/or guarantors, tax returns, financial spreads, collateral information, covenants, borrowing base, credit reports, and projections.
• Prepares and analyzes financial spreads using nCino for private and public companies, prospect, individual and corporate tax returns according to the standard classification and guidelines established by the Bank.
• Prepares individual and global cash flows.
• Calculates covenant compliance based on Borrower's Loan Agreement (BLA).
• Forwards completed spreads to lending unit. Identifies and notifies lending unit of covenant violations and escalates Credit Administrators as required.
• Maintains up-to‑date knowledge on all Bank lending policies and regulations.
• Maintains up-to‑date knowledge in financial spreads and basic GCF process.
• Completes quality spreads with supervision.

QUALIFICATIONS

• Education: College degree in Finance, Accounting, Business, or related field preferred, or 2 years related experience in credit or financial analysis.
• Experience: Minimum one year (prefers two) of working experience in analyzing financial statements, cash flow analysis, familiarity with various industries, collateral issues and values, and analysis of guarantor personal financial statements and tax returns.
• Skills/Ability: Good working knowledge of accounting, credit policy and financial statement analysis. Good organizational and analytical skills. Good verbal and written communication skills. Ability to work successfully both independently and as a team player. Proficient in Microsoft Office (Word, Excel, PowerPoint, and Outlook).

Pay Range: $43,000 - $45,000

Learn more about us at cathaybank.com

Cathay Bank offers itsfull-timeemployees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes,

• coverage for medical insurance
• dental insurance
• vision insurance
• life insurance
• long-term disability insurance
• flexible spending accounts (FSAs)
• health saving account (HSA) with company contributions
• voluntary coverages
• 401(k)

Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review ourCalifornia Job Applicant Privacy Policy .

Cathay Bank is an Equal Opportunity and Affidative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

Cathay Bank endeavors to make www.CathayBank.com accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at [phone] [e-mail] .This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.Credit Administration