Sr. Credit Analyst

22nd State Bank; Mobile (AL); On-site; USD 70,000 - 90,000; Full time

Job summary

22nd State Bank in Mobile, Alabama is looking for a Senior Credit Analyst to maintain credit quality through detailed analyses of financial data pertaining to loans. This position plays a key role in evaluating and recommending loans based on creditworthiness and compliance with regulatory requirements.

The ideal candidate will have a Bachelor's degree in Business Administration, Accounting, or Finance along with 5-7 years' experience in commercial credit analysis. Strong analytical skills and proficiency in Microsoft Office are essential.

Qualifications

• Bachelor’s degree required; Business Administration, Accounting, or Finance preferred.
• Five to seven years’ experience as a Commercial Bank Credit Analyst.
• Basic knowledge of financial statements and financial analysis.

Responsibilities

• Prepare detailed credit analyses based on financial data for new loans.
• Review incoming requests and obtain loan information for analysis.
• Analyze personal financial statements and assess borrower's ability to repay.

Skills

Analytical

Problem Solving

Oral Communication

Written Communication

Teamwork

Attention to Detail

Education

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

Tools

Microsoft Office

Job description

Job Summary

Senior Credit Analyst. The primary responsibility of this position is to help maintain 22nd State Bank’s credit quality by preparing detailed credit analyses based on the review of financial data for new loans, loan extensions, loan modifications, and loan renewals. Critical features of this job are described under the headings below and may be subject to change at any time due to reasonable accommodations or other reasons.

Duties and Responsibilities

• Embrace and adhere to the 22nd State Bank Essential Pieces of the Bank’s core values and company culture
• Provide exceptional customer service to both internal and external customers
• Review incoming requests and obtain loan request information from lenders necessary to analyze credit information, financial statements, and other information pertaining to the loan
• Attend joint calls with lenders with potential and existing customers to help with obtaining information needed for the proper evaluation of a loan request
• Assess trends in financial performance using key ratios and balance sheet analysis to determine ability to repay as well as strength of the borrower and their ability to execute on future plans, grow, and compete in their market
• Analyze requests based on the five Cs of credit
• Calculate cash flow and/or ability to repay the credit
• Assign accurate risk ratings in accordance with Policy
• Assess value, strength, and collectability of collateral including conversion cycle review as necessary
• Analyze personal financial statements and ability to repay as well as the character of the borrower and guarantors
• Review industry and market for trends and risks
• Identify and mitigate risks on individual loan credits, total borrower relationships, and the loan portfolio
• Analyze projections and proforma balance sheets, preparing sensitivity and breakeven analysis and comparing financials to outside data and information.
• Accurately assess the risk and identify mitigating factors on a relationship or transaction
• Complete and present accurate and supported credit memos
• Recommend approval or denial of credits with well thought out and articulated reasons supporting recommendation
• Provide consultative solutions and suggestions for loan officers and/or clients and customers that help their business operation while balancing the customer’s needs with the Bank’s risk appetite.
• Conduct annual or periodic reviews and/or borrowing base reviews as needed
• Attend CLR meetings and Post Mortem meetings
• Understand all compliance and regulatory requirements for banking and lending
• Assist with compliance, audit, and exam requests as needed
• Coordinate with business units the role supports (GGL, Specialty Finance, Conventional)
• Approve credits and limits within approval authority
• Participate as needed in the training of new Credit Analysts
• Assist with Post Mortem reviews of problem credits
• Underwrite and recommend solutions for problem loan credits in conjunction with the Special Assets department
• Prepare and present as needed Credit Training topics

Supervisory Responsibilities

None

Competencies

• Analytical - Collects and researches data.
• Problem Solving - Identifies and resolves problems in a timely manner; gathers and analyzes information skillfully; develops alternative solutions.
• Oral Communication – Asks questions, and listens, to get clarification.
• Written Communication - Writes clearly and informatively.
• Teamwork - Balances team and individual responsibilities.
• Attendance/Punctuality - Is consistently at work and on time; ensures work responsibilities are covered when absent.

Education and Experience

• Bachelor’s degree required; Business Administration, Accounting, or Finance preferred
• Five to seven years’ experience as a Commercial Bank Credit Analyst
• Basic knowledge of financial statements and financial analysis
• Strong proficiency in Microsoft Office and general computer use

Language Skills

Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively before groups of customers or employees of organization.

Mathematical Skills

Ability to calculate figures and amounts such as discounts, interest, commissions, amortization, proportions and percentages. Ability to apply concepts of basic algebra.

Reasoning Ability

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

Computer Skills

Knowledge of internet software; spreadsheet software, word processing software and knowledge of additional software as may be required. Certificates, licenses, registrations as required by State of Alabama. Compliance courses as required by banking regulatory authorities. Valid driver’s license.

Other Skills and Abilities

Present a good attention to detail while having the ability to meet deadlines and deal tactfully with customers. Present the ability to understand financial institution policies and procedures. Active listening – giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, this position is frequently required to stand; walk; sit; use hands to finger, handle, or feel; reach with hands and arms; climb or balance; stoop, kneel, crouch, or crawl and talk or hear. The employee may lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision.

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this Job, the employee is frequently exposed to outside weather conditions. The noise level in the work environment is usually moderate.

Work Hours

Most Credit Analysts work a standard 40‑hour week, but many work longer, depending on the number of clients and the demand for loans. Work may involve travel. May involve frequently work away from the office and rely on laptop computers, cellular telephones, and other forms of communication to keep in contact with lenders and other internal customers. Hours of work are primarily Monday through Friday, 8:00 am to 5:00 pm.

Compliance

Each 22nd State Bank employee must comply with all federal and state regulations, policies, and procedures. This is to include all applicable governmental laws, rules and regulations relevant to their job including all Bank Secrecy Act regulations.