Credit Analyst
Career Details
Full-Time 631 Juliana Street, Parkersburg, WV 26101 Posted on 12/5/2024
Job Summary: The Credit Analyst is a member of the Credit Department and Loan Department and reports to the Credit Officer/Compliance Officer. A primary responsibility of this position is to review new loans for loan policy exceptions and compliance risk, as well as conduct annual credit analysis according to Loan Policy and perform credit analysis for new loans. The incumbent will assist the Credit Officer with day-to-day operations of credit review, compliance review and documentation. As part of the overall banking staff, the position will help with cross-selling and referrals to other departments of the bank. This position will comply with the Bank Secrecy Act, OFAC and USA PATRIOT Act including Customer Identification Program, customer due diligence, identifying high risk accounts, reporting suspicious activities to the BSA Department.
• Conducts reviews for new loans to make sure they adhere to the banks loan policy; Document findings and/or exceptions and follow-up on corrections sent back to loan staff;
• Reviews and inputs data into the Home Mortgage Disclosure Act (HMDA) software for non-originated applications that is subject to HMDA and perform a second review of the file for Fair Lending compliance;
• Prepares credit analysis statements for new loans where total relationship loan exposure exceeds the limits set within loan policy; Commercial relationships totaling less than the loan policy threshold can be underwritten by the Loan Officer and reviewed by the Credit Analyst.
• Prepare annual credit analysis memorandums for loan relationships that meet the loan policy threshold;
• Provide an assessment of loan condition, quality and grade, independent of the lending function; updating maintenance core system if any changes are made in the grade assigned to Borrower;
• Update financial technical exception (missing documents) ticklers within the system;
• Oversee the requests for financial information/rent-roll/taxes from borrowers as required within the loan policy;
• Downloads financials and other information for participation loans from the lead banks secure portals and uploads the documents to the imaging system; Uploads and indexes financials into document imaging system;
• Maintains Exception Report and the FDIC-Part 365 Report and prepares these reports each quarter for the Board of Directors;
• Prepares the Loan Concentration report for the board on a quarterly basis;
• Conducts searches for Uniform Commercial Code (UCC), Environmental Database Report (EDR), Credit Reports and Business Good Standings and Articles of Incorporation, as needed;
• Processes Weekly Loan Rates;
• Assists the Credit Officer and Compliance Officer with audits/exams;
• Assists the Collections Specialist as needed with calls and other administrative duties;
• Provide technical advice or assistance to loan officers as needed;
• Report to the Director of Lending of any findings that may have an adverse effect on loan collateral or a borrower’s ability to repay the loan;
• Serve as back up to the Credit Officer in preparing the Allowance for Credit Loss quarterly report;
• Maintain a good working knowledge of the Bank’s Lending Policies and Procedures and identify deviations from Loan Policy. If deviations arise, help determine what changes/corrections are to be made to the Loan Policy. Once changes are discussed with the Director of Lending, the Credit Analyst will submit changes to the Board of Directors for approval. Once the changes are approved by the Board of Directors, an updated Loan Policy will be distributed to all Loan Personnel, as well as training if need;
• HMDA- Oversee that the bank is compliant with the HMDA data it collects and submits to the HMDA LAR formatting tool on an annual basis. This includes ongoing training and audits to keep up with ongoing changes in regulations. Also, provide technical support and training to all loan personnel when needed. HMDA LAR is required to be submitted annually by March 1st by the Credit Analyst;
• Attend the following meetings; Loan Department, Collection, Loan Committee, and Compliance Committee;
• Serves as a member of the Compliance Committee and Loan Committee or any other committee;
• Reviews/audits important details to assure accuracy in every transaction performed; detects errors; follows through on corrections and details; • Represents the bank in a positive and professional manner at public and community events such as business gatherings, meetings, conventions and other local and state events; • Takes a proactive, positive and sincere interest in our bank and its employees, ensuring trust, integrity and business continuity, and the bank’s long-standing relationship with the community; • And as part of the overall team of bank employees, this position may be requested to assist in the support of other bank activities.
Position Requirements and Qualifications:
• Minimum of Associate’s Degree in Business, Finance, Accounting or other business-related field of study or equivalent, applicable experience in a relevant area of business
• Minimum three (3) years’ relevant work experience preferably in banking
• Demonstrated proficient computer skills, preferably working with Microsoft Office products, office systems and programs, and the ability to successfully navigate and maintain current knowledge and skills working with technology; Proficient skills working in Excel tools
• Demonstrated above-average verbal and written communication skills
• Demonstrated ability to effectively manage one’s time to complete work according to established deadlines. The ability to prioritize tasks to make the best use of time for high priority tasks
• Demonstrated adaptability and willingness to learn: In an ever-changing and evolving world of banking in our community, this position requires an eagerness to adapt to those changes and the initiative to learn outside of daily parameters
• Demonstrated attention to detail, with the ability to detect errors and make necessary adjustments accordingly
• Ability to adjusts quickly to different work situations; remaining composed under pressure and stressful situations;
• Demonstrated ability to Problem Solve: The incumbent must be able to use a variety of resources and strategies to find resolutions to challenges
• Demonstrate good organizational skills
• Demonstrated ability to maintain confidentiality and use discretion in working with private, sensitive and other highly confidential information
• Demonstrated experience to tactfully and professionally address concerns and complaints
• Demonstrated ability to understand numbers and use those skills as they pertain to the loan underwriting process • Demonstrated ability to maintain professional working relationships with staff members, peers, leadership, customers and the general public
• Demonstrated ability to work independently and within a team-setting, maintaining professional and effective work relationships with management and team mates
• Ability to maintain regular and routine attendance and punctuality
Community Bank supports a diverse workforce and is an Equal Opportunity Employer who does not discriminate against individuals on the basis of race, gender, color, religion, national origin, age, sexual orientation, disability, veteran status or other classification protected by law.