Credit Analyst

Location 325 Georgian PL,Somerset, PA, 15501,United States Job Category Banking, Finance Employee Type Non Exempt FT Manage Others No Description Summary As part of the Somerset Trust Team, it is the expectation that all employees provide exceptional customer service to both internal and external customers, foster positive, respectful collaboration with colleagues across the organization, and uphold the values of the company (Service, Fairness, Honesty). Analyze financial information for large commercial customers to estimate the degree of risk involved in extending credit or lending money to businesses or individuals by performing the following duties. This position would require the ability to write in a professional manner and to explain the movements and trends in a borrower’s financials. This position would require 3 to 5 years working as an Assistant Credit Analyst or the equivalent experience outside Somerset Trust Company. This position would require the employee to work independently without assistance on large commercial loan requests and the ability to use Microsoft Word and Excel on a daily basis without assistance. Essential Duties and Responsibilities Analyze large commercial relationships to assess the risk associated with lending money to businesses or individuals. This process would include understanding the financial trends and movements and the ability to discuss and write about those trends and movements. This information is presented in a written format within a Word document for review by other bank personnel. The ability to use Microsoft Word and Excel is critical to the position. Prepare business, personal and global cash flows to ensure the ability of the borrower/borrowing entity to re-pay bank debts by analyzing and extracting data from business and personal tax returns or accountant prepared statements. The information is presented in an Excel format using the software to create formulas and calculate percentages etc. Employee must possess a strong understanding of business and personal tax returns as well as accountant prepared financial statements. A clear understanding of the terminology disclosed in the financial statements is critical for this position. Perform financial spreads of financial statements or tax returns and ratios with software used to provide efficient feedback. Contact banks, trade and credit associations, salespeople, accountants, and others to obtain credit information on customers as necessary. The ability to use internet resources to research economic trends in business industries or branches of the industry to predict probable success of new or existing customer or borrower. Visit establishments with the loan officer, as requested, to determine condition of plant and equipment and compare methods of operation with accepted practices in industry. Consult with management to assist in the lending function. Employee must be able to present information to Sr. Management with a clear understanding of the risks associated with the borrower and explain any calculations prepared during the analysis process. Provide support to External Loan Review and or Examiners when on site with the bank for their annual reviews. Provide explanation of the information presented in the analysis prepared as necessary. Attend Senior Lender Committee meetings, as necessary and requested, and prepare analytical work for the meeting as necessary. Work closely with the Commercial Lenders to analyze their commercial loan requests and obtain all necessary information to assess all risk related to proposed lending. The ability to multitask and work under time constraints with accuracy is necessary. Understand and support all BSA/AML responsibilities as applicable to the position as well as consistently, accurately, and timely carry out these responsibilities in compliance with the Bank’s internal policies. Various other duties as they arise within the department. Education and/or Experience Bachelor's degree in Accounting or Finance from four-year college or university and two years related experience and/or training; or equivalent combination of education and experience. Technical Skills Experience using DNA is preferred, but not required. Proficient in using Microsoft Office products including Word, Excel, Outlook Must be willing to learn new systems and adapt to emerging technologies Ability to convert financial reports and statements in various forms into concise business terminology. Language Skills Ability to read interpret documents such as procedure manuals and release notes Ability to write business correspondence, and policies using proper grammar and accurate spelling Ability to read, analyze, and interpret financial reports and legal documents. Ability to effectively present information to management, public groups, and/or board of directors. Mathematical Skills Ability to add, subtract, multiply and divide in all units of measure. Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, bonuses, etc. using a calculator. The ability to understand terminology disclosed in accountant prepared financial statements as related to GAAP. Reasoning Ability Ability to apply common sense, understanding to carry out instructions furnished in written, oral or diagram form. Ability to deal with problems involving several concrete variables in standardized situations. Organizational priority setting, and decision-making skills are also required. PHYSCIAL DEMANDS While performing the duties of this job, the employee is required to use hands and fingers to operate office equipment, telephones, etc. The employee must occasionally lift and/or move up to 25 pounds Specific vision abilities required by this job include close vision, and ability to adjust focus WORK ENVIRONMENT The noise level in the work environment is usually moderate. BENEFITS AND ADDITIONAL INFORMATION Bank wide bonus, 401(k), ESOP, Medical, Dental & Vision insurance, Health Savings Account, Life Insurance, Paid Holidays, PTO, and Paid Volunteer Time. Work Schedule is Monday through Friday Full-time 37.5 - 40 hours per week Flextime- the employee would work eight hours per workday, but there is flexibility in the employee’s set scheduled starting and ending times. The details of starting and ending times will be discussed and approved by the employee’s direct supervisor. No starting times before 7am will be considered as to accommodate the ability to be on the bank’s core system, DNA. Compressed Workweeks 1 - the employee would work ten hours per workday, reducing the workweek to four days a week. The details of starting and ending times will be discussed and approved by the employee’s direct supervisor. No starting times before 7am will be considered as to accommodate the ability to be on the bank’s core system, DNA. Hybrid Remote- the employee would work four 8-hour shifts in the office and one 8-hour shift from home each week. This job description is not designed as a comprehensive list of activities, duties, and/or responsibilities and may change at any time with or without notice. The duties and qualifications stated within this job description are representative of the knowledge, skill, and/or ability required for this position. Somerset Trust Company is an Equal Opportunity Employer, including disability and protected veteran status. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position. #J-18808-Ljbffr