Credit Analyst

Company: west shore bank
Location: Ludington
Posted on: May 28, 2023

Job Description:

West Shore Bank is accepting applications for a Credit Analyst.

GENERAL SUMMARY

Responsible for the preparation of loan presentations at the direction and assistance of the Credit Administration Manager and Commercial Lenders for approval consideration. Each loan presentation shall include an independent analysis of the financials, sources of repayment, collateral, and industry, and an assessment of risk and loan grade. Maintains an up to date tickler system to track financial information required on a periodic basis and other key covenants. Assists the commercial lenders in tracking, monitoring, and requesting and this information for compliance with the Business Loan Agreement. Updates the tickler system when information is received (including spreading the financial information if required) or when a covenant has been reviewed for compliance. Orders and reviews real estate appraisals and evaluations, prepares internal real estate evaluations and validations in accordance with FIRREA standards.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Responsible for preparation of complete loan presentations; able to complete all phases of a loan presentation in a timely and effective manner.
Maintain a thorough understanding of financial (i.e. business financial statements, personal and business tax returns, personal financial statements) and other information (i.e. industry, competition, management, customer, supplier) to be able to spread the financial information in a common size format and analyze trends, compare with industry standards, and identify material changes to develop questions to better understand the borrower's historical financial performance and its impact on future performance.
Provides independent analysis of the financial and other information, including stress testing, to assess repayment ability and loan risk and provide a loan grade.
Performs annual reviews as needed per Loan Policy, including analyzing financial and industry trends, and provide a loan grade.
Maintain proficiency in the Loan Vantage software at a level at which spreading of financial information and credit underwriting can be completed on a timely basis.
Orders and reviews real estate appraisals and evaluations and prepares internal real estate evaluations and validations in accordance with FIRREA standards.
Maintains the tickler system to track financial information required on a periodic basis and other key covenants as required by Loan Policy or Business Loan Agreement.
Assists the commercial lenders in tracking (by providing exception reporting), monitoring, and requesting financial and other information on a timely basis and upon receipt, providing analysis as needed.
Updates the tickler system when information is received.
Tracks and reviews compliance with key covenants (i.e. DSC and other ratios, Borrowing Base Formula).
Assists the commercial lenders in proactively managing their maturing loans by tracking, reviewing the file for current information in a timely manner, notifying the commercial lender of information needed and/or requesting the information directly from the customer, and driving the process to a work-in-process stage.
Coordinates and prepares the weekly Commercial Banking Committee (CBC) package.
Participates in the weekly Commercial Banking Committee (CBC) and acts as the committee secretary for recording and preparing meeting minutes.
Coordinates loan approvals and other reporting for the Executive Loan Committee and Board.
Participation in quarterly Credit Quality Review (CQR) Committee
Maintains credit files, both physical and electronic.
Provides support with pulling and preparing loan files for regulatory exams and Bank audits.
General clerical support, including, but not limited to word processing, faxing, copying, scanning, filing, etc.
Conduct research on current accounts to provide feedback and information for lenders to be able to respond to customer questions and requests.
Ability to prioritize and handle multiple ongoing projects at any given time.
Maintain clear and effective written and verbal communication with varying levels of Bank personnel.
Other duties as assigned.

OVERALL PERFORMANCE REQUIREMENTS

The seven Principles of Success are part of the employee's performance expectations at every level of the Bank. The "Principles" are intended to encourage a culture of accountability, pride, loyalty and enthusiasm. The first step in being successful is to be aware of the expectations and then to live the expectations.

1. Embrace and Drive a Culture of Change

Support and encourage new ideas.
Generate solutions and make informed decisions.

2. Act as a Valuable & Enthusiastic Team Member

Recognize the importance of teamwork to achieve objectives.
Communicate openly and confidently.
Influence and convince others in a way that results in acceptance and agreement.
Bring in ideas, information, suggestions and expertise from others inside your immediate team and in other departments.
Build strong team relationships through mutual trust and accountability.
Work in unity to improve our knowledge and skills.

3. Focus on the Customer Experience to Build Loyalty

Cultivate relationships.
Make an emotional connection- focus on the relationship, not the transaction.
Provide advice and help on WSB products and services that are relevant to the customer's unique needs.
Accept customer feedback and follow documentation process if appropriate.
Adheres to the customer communication protocols.

4. Accept Responsibility and Accountability

Act with integrity.
Be prepared for meetings, participate, respect the process and contribute solutions.
Maintain commitments and remain positive in the face of setbacks and obstacles.
Keep challenges in perspective and remain positive.
Take personal accountability for achieving individual and shared goals.
Be responsible for the effectiveness of training.
Initiate action to move projects forward and adjust actions to respond to changing circumstances.
Take responsibility for your own success.

5. Serve the Community with Pride

Actively look for opportunities to be involved in the community.
Recognize the importance of community involvement.
Contribute and make a difference when dealing with outside organizations.

6. Follow Phone Etiquette

Keep side conversations to a minimum

Reduce the amount of noise that you generate by shuffling papers, moving keys or cellphones or other items

Use the mute feature of the phone or teleconference system when you are not speaking to keep outside noise to a minimum

7. Refuse to be Offended

Gain awareness of when and where you get offended

Remove your emotion in the situation

Respect different perspectives to achieve greater success

QUALIFICATIONS

EDUCATION AND EXPERIENCE

Bachelor's degree. Prior banking experience preferred.

KNOWLEDGE, SKILLS & ABILITIES

Excellent knowledge of bank operations; thorough knowledge of banking and cash management products; excellent knowledge of product delivery systems and on-line computer systems.

Excellent interpersonal, verbal and written communication skills.

Confidentiality - Maintains confidentially of sensitive Bank and personal information of customers, applicants, employees and former employees.

Compliance - Complies with and is knowledgeable of applicable laws and regulations.

Computer literacy - Skilled in a variety of computer software programs and capable of working in an online environment. Proficient PC and software application skills; General computer skills with experience in MicroSoft Office Word and Excel.

Mathematical skills - Able to add, subtract, multiply and divide in all units of measure, using whole number and decimals. Able to locate routine mathematical errors. Ability to compute rate, ratio and percent.

Customer service - Effectively relates to customers, is responsive to customer needs and demonstrates ability to employ diplomacy and tact with customers.

Independent Judgement - functions independently in order to accomplish assigned projects. Refers unusual problems to supervisor.

Accuracy - Performs work accurately and thoroughly with attention to detail.

Problem solving - Deals proactively with work-related problems and finds an acceptable solution.

Reasoning - Possesses the analytical skill to assess and evaluate business processes and/or products.

Technical Aptitude - Comprehends complex technical topics and specialized information and has knowledge of Bank's electronic services.

Time management - Manages multiple priorities and is well organized.

PHYSICAL REQUIRMENTS

The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of the 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 required to sit; stand; walk; talk; hear; see close vision; and use hands. The employee is occasionally required to reach with hands and arms; lift 5 to 20 pounds; and stoop, kneel, crouch, or crawl.

Equipment: PC, keyboard, calculator, and telephone.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
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Keywords: west shore bank, Grand Rapids , Credit Analyst, Accounting, Auditing , Ludington, Michigan