Remote Credit Analyst

MRISpokane; United States; Remote; USD 55,000 - 75,000; Full time

Job summary

A reputable community-focused financial institution is seeking a highly motivated Credit Analyst III to ensure effective credit assessment processes. The ideal candidate will have strong analytical skills, attention to detail, and the ability to manage multiple responsibilities while maintaining data integrity. Responsibilities include reviewing credit requests and analyzing financial data for commercial and agricultural clients. Successful candidates will thrive in a fast-paced environment and possess excellent communication skills.

Qualifications

• Bachelor's degree in finance, accounting, or a related field preferred.
• Credit analysis experience and proven analytical skills preferred.
• Strong understanding of accounting principles and financial statements.

Responsibilities

• Conduct in-depth reviews and analyses of new credit requests, renewals, and relationship reviews.
• Assess the creditworthiness of applicants by evaluating financial statements.
• Present analysis, findings, and recommendations to lenders and management.

Skills

Analytical skills

Attention to detail

Communication

Problem-solving

Organizational skills

Time management

Education

High school diploma or GED

Bachelor's degree in finance or accounting

Tools

Microsoft Excel

Microsoft Word

Job description

Our client is a reputable community-focused financial institution dedicated to providing exceptional banking services and building lasting relationships with its customers. With a strong presence in the industry, the bank is committed to growth and offering tailored financial solutions to individuals and businesses alike. As they continue to expand, they are looking for a highly motivated Credit Analyst III to join their team and contribute to the success of the organization.

In this role, the bank is seeking an individual with strong analytical skills, attention to detail, and the ability to assess credit risk effectively. The ideal candidate will thrive in a fast-paced environment, have excellent communication skills, and be capable of managing multiple responsibilities while maintaining a high level of data integrity.

Position Summary:

The individual in this position is responsible for ensuring the loan process functions in accordance with company policies, procedures, and applicable laws/regulations. The Credit Analyst will be responsible for reviewing all relevant loan information, including but not limited to loan applications, financial statements, entity documents, titles, and liens. This role requires inputting financial data, creating financial spreads, and performing analysis to assess the risks to the company and the creditworthiness of commercial businesses, agricultural operations, and individuals.

Essential Functions:

• Conduct in-depth reviews and analyses of new credit requests, credit change requests, renewals, and annual relationship reviews. Recommend risk rating changes when warranted.

• Perform ratio, trend, and cash flow analyses.

• Assess the creditworthiness of applicants by evaluating customer credit data and financial statements.

• Create projections and business valuations for specialized lending programs.

• Research and collect industry-specific data for ratio analysis and risk assessment.

• Provide recommendations related to the analysis and assessment of credit risk.

• Present analysis, findings, and recommendations to lenders and management, especially regarding the borrower’s ability to repay.

• Collaborate with loan officers on loan structures and credit enhancements.

Secondary Duties:

• Maintain a solid understanding of company lending policies and procedures, identifying any exceptions to policy.

• Provide technical advice or assistance to loan officers as needed.

• Perform other duties as assigned, such as special projects and/or bank portfolio stressing.

BSA Requirements:

It is the responsibility of all employees to identify suspicious cash activity that may be associated with attempts to evade reporting requirements or money laundering activities. Any suspicious activity, regardless of the transaction amount, must be reported to a supervisor or Branch Manager for further investigation. Employees must complete periodic Bank Secrecy Act (BSA) and Suspicious Activity training.

Knowledge and Skill Requirements:

• Proficiency in Microsoft Excel and Word.

• Strong understanding of accounting principles and financial statements.

• Advanced analytical, technical, and statistical skills.

• High attention to detail to ensure data integrity.

• Ability to manage multiple tasks and maintain confidentiality.

• Strong problem-solving, organizational, and time management skills.

• Ability to work independently and as part of a team.

• Excellent written and verbal communication skills.

• Ability to manage competing deadlines in a high-pressure environment.

Minimum Qualifications:

• High school diploma or GED.

• Bachelor's degree in finance, accounting, or a related business field preferred.

• Credit analysis experience and proven analytical skills preferred.

Physical Demands and Work Environment:

The physical demands described here are representative of those required to successfully perform the essential functions of the position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.

• Ability to talk and hear; frequent use of hands and fingers to handle or feel objects, tools, or controls.

• Ability to stand, sit, reach with hands and arms, kneel, and crouch.

• Must occasionally lift and/or move up to 20 pounds.

• Specific vision abilities required include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus.

• The noise level in the work environment is usually low to moderate. Temperature variations within the building may occur depending on location and time of year.

Compensation:
$55,000-$75,000 per year