Careers

Credit Analyst

American Community Bank seeks full-time Credit Analyst.

Position Overview:The Credit Analyst provides analytical support to Senior Management and the Commercial Lending Department to assist in determining the advisability of granting credit for diversified types of loans. The Credit Analyst will work with lending staff to gather and analyze financial and credit information on potential borrowers, input financial information from tax returns or accountant-prepared statements into an underwriting spread, and provide excellent written and verbal analysis on all financial information related to loan requests.

Essential Duties and Responsibilities:

• Analyzes/spreads both business and personal financial statements/tax returns and provides a written cash flow and ratio analysis as part of the Loan Approval Package. Ability to compare financial info with companies of similar character in terms of financial data, ratios on liquidity position, inventory turnover, profit margins, and typical borrowing patterns. A heavy emphasis will be placed on debt repayment ability.
• Compares current financial information to previous statements to detect unfavorable financial trends.
• Documents all findings and conclusions relating to the credit analysis (strengths/weaknesses).
• Maintains orderly credit files of larger borrowers and keeps the files up to date by requesting current financial info (as required by American Community Bank policy) and through written memos to the file.
• Ensures compliance with American Community Bank’s loan policy guidelines, pointing out deviations where necessary.
• Ensures completion of Loan Approval applications for Loan Committees and prepares write-ups for all larger new/renewed loans.
• Ensures that proper loan risk ratings are assigned, through communication with lenders and Credit Administration.
• Works in tandem with other lending staff on loan exception tracking, monitoring, clearing, and reporting.
• Evaluates short- and long-term prospects of the company, considering banking relationships, experience with the bank, and financial condition. Explores conditions which could restrict the credit worthiness of the borrower, such as unfavorable profit margins, large inventories, lack of formal planning by its management, over-trading, heavy debt position, etc.
• Attends and completes various bank and/or credit-specific training.
• Performs additional duties as assigned.

Skills:

• Organizational skills.
• Effective time management skills and the ability to work independently and meet deadlines.
• Office machines - telephone, calculator, copier, personal computer, printer.
• Good interpersonal skills.
• Good oral and written communication skills.
• Math skills.
• Problem solving ability.
• Ability to maintain confidentiality.
• Strong Microsoft Excel skills.
• Strong attention to detail.

Preferred Knowledge:

• Interest calculation methods.
• Knowledge of financial analysis, including ratio calculations.
• Working knowledge of accounting concepts and principles.
• This position calls for a general knowledge of the techniques involved in analyzing a company's financial condition and an awareness of the implications that financial and non-financial factors can have in assessing the abilities of a borrower to meet his/her obligations.

Skills to be Gained:

• Bank loan policies, guidelines, and procedures; rate structures.
• Knowledge of banking laws and regulations.
• Knowledge of the computer loan system, CIF, and coding structure.
• Principals of sound lending practices, normally acquired through formal education and performance of other credit administration functions.

Qualifications:

• Bachelor’s Degree in Accounting, Finance, or Business-related field. (12-15 hours of Accounting courses, including Intermediate Accounting is preferred.)
• Prior bank credit administration experience in public accounting and/or business and personal income tax preparation is preferred but not required.

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