Credit Officer-Special Assets

MidFirst Business Credit, Inc.; Oklahoma City (OK); On-site; USD 65,000 - 90,000; Full time

Job summary

Ultipro is seeking a Commercial Special Assets Credit Analyst to support Lending Officers in managing a portfolio of adversely rated and other high-risk commercial loans within the Special Assets Department.

You will analyze borrower and guarantor financials, prepare credit risk assessments, and assist with asset resolution strategies, with emphasis on CRE and C&I credits. A bachelor’s degree and 5 years in a financial institution are required, with strong Excel skills.

Qualifications

• Bachelor’s degree required; preference to Accounting, Finance, Business or Economics
• Experience with a financial institution in a similar role for at least 5 years
• Experience withcreating spreads and written credit analysis reports on borrowers and guarantors
• Solid understanding of Financial Statements and Tax Returns, including GAAP
• Proficiency with Microsoft Office Suite; Excel and Word; familiarity with Moody’s RIS, IBS Insight, OnBase or BankerInsight is a bonus

Responsibilities

• Analyze borrower and guarantor financial information and assist with credit risk assessments
• Support asset resolution strategies and prepare periodic departmental reporting
• Review and analyze financial statements, tax returns, rent rolls, appraisals and other credit documents
• Conduct research on borrowers, guarantors, affiliates and collateral from public records and third-party sources
• Provide administrative support: meeting minutes, data entry, correspondence, file maintenance
• Contact bank customers to gather information and follow up on financial reporting for exception management

Skills

Credit analysis

Financial statement analysis

Excel

Communication

Education

Bachelor’s degree

Accounting/Finance/Business preferred

Economics/Finance background preferred

Tools

Moody’s Risk Analyst

IBS Insight

OnBase

BankerInsight

Excel

Word

Job description

Commercial Special Assets Credit Analyst

The Commercial Special Assets Department Credit Analyst supports Commercial Special Assets Lending Officers with the management of a portfolio of adversely rated, criticized, classified, and other high-risk commercial loans managed by the Commercial Special Assets Department.

• Responsible for analyzing borrower and guarantor financial information, assisting with credit risk assessments, supporting asset resolution strategies, and preparing periodic departmental reporting.
• A working knowledge of both Commercial Real Estate (CRE) and Commercial & Industrial (C&I) credits, strong analytical and organizational skills, and the ability to manage a blend of credit, operational, reporting, research, and administrative responsibilities.
• Review and analyze financial statements, tax returns, rent rolls, borrowing base reports, appraisals, aging reports, and other credit-related documentation while identifying key credit issues, emerging risks, and trends within the portfolio and communicate findings to Special Assets Lending Officers and Senior Management.
• Complete research requests related to borrowers, guarantors, affiliates, and collateral – tasks will include gathering and summarizing information from public records, internal systems, and third-party sources regarding litigation, bankruptcies, judgments, liens/UCC filings, real estate ownership, business entity records, collateral positions, other relevant financial or legal matters.
• Provide administrative support to the department including: taking and distributing meeting minutes, data entry for departmental reports and tracking logs, preparing and mailing letters or other correspondence, maintaining electronic and physical credit files, monitoring follow-up items and due dates, Assist with departmental workflow coordination and ensure records are complete and properly maintained.
• Contacting bank customers to gather information and/or follow-up on requested items and required financial reporting necessary for exception management.

Position Requirements:

• Bachelor’s degree is required with preference to Accounting, Finance, Business or Economics
• Professional experience with a financial institution in a similar role for at least 5 years. Experience with both income-producing real estate credits and operating company/business lending structures.
• Experience with completing spreads and written credit analysis reports on borrowers and guarantors.
• A solid understanding of Financial Statements and Tax Returns, including General Accepted Accounting Practices.
• Computer: Proficient with Microsoft Office Suite, especially Excel and Word. Experience with any of the following a bonus: Moody’s Risk Analyst, Fidelity Information Services’ IBS Insight, Hyland Software’s OnBase and Metavante’s BankerInsight
• To be considered must reside in Oklahoma City or Plano

Qualifications

Education

Required

Bachelors or better.

Preferred

Bachelors or better in Accounting.

Bachelors or better in Business Administration.

Bachelors or better in Economics.

Bachelors or better in Finance.

Experience

Required

1-3 years:

Experience with both income-producing real estate credits and operating company/business lending structures.

1-3 years:

Professional experience with a financial institution in a similar role

Preferred

Experience with completing spreads and written credit analysis reports on borrowers and guarantors.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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