Credit Analyst

Job Description

Job Description

At Lincoln Federal Savings Bank, we're not just about banking; we're about building careers. Join our team and discover a dynamic work environment where your talents are valued, and opportunities for growth are abundant. Whether you're passionate about customer service, finance, technology, or operations, we offer a range of career paths to suit your interests and expertise. With a commitment to fostering a supportive culture and investing in our employees' development, Lincoln Federal Savings Bank is the place where you can thrive professionally. Join us in shaping the future of banking while advancing your career. 

The Credit Analyst I will play an important role in assessing the creditworthiness of individuals and businesses applying for loans and assisting in the day-to-day operation of the Bank. The person in this position will typically have 0-3 years of analysis experience.

Essential Functions:

• Evaluate the creditworthiness of loan applicants by analyzing financial statements, credit reports, tax returns, cash flow projections, and other relevant financial information.
• Assess the level of risk associated with each loan applications, considering factors such as borrower’s credit history, income stability, debt levels, industry trends, and economic conditions.
• Prepare comprehensive credit write ups and underwriting memorandums outlining the analysis of borrower’s financial condition, repayment ability, collateral valuation, and proposed loan structure.
• Recommend appropriate loan structures, terms, and conditions based on risk assessment, regulatory requirements, and bank policies, while ensuring alignment with borrower’s needs and repayment capacity.
• Ensure compliance with bank lending policies, regulatory guidelines, and underwriting standards.
• Collaborate with loan officers, relationship managers, and other bank personnel to gather necessary information, address inquiries, resolve issues, and facilitate the loan approval process.
• Annually monitor the performance of existing loan portfolios, conduct periodic reviews of the borrower’s financial condition, and assess the need for loan modifications, renewals, or risk mitigation strategies.
• Ensure accuracy and completeness of loan documentation, including loan agreements, promissory notes, security agreements, and other legal documents, in coordination with legal and documentation teams.
• Prepare various department reports
• Stay informed about industry trends, market conditions, and best practices in credit analysis and risk management, and actively seek opportunities to enhance analytical methodologies and underwriting processes.
• Act as backup for various commercial servicing duties.
• Perform other duties as assigned.

Qualifications:

• Bachelor’s or associate degree in finance, accounting, economics, or related field, preferred. Strong analytical skills to interpret financial data and assess risk factors.
• Solid understanding of financial statements, accounting principles, cash flow analysis, and financial modeling techniques.
• Meticulous attention to detail to review and analyze complex financial documents accurately.
• Effective communication skills, both verbal and written, to convey credit analysis findings and recommendations, and decisions clearly and concisely.
• Ability to work collaboratively with cross-functional teams and stakeholders to achieve common goals and objectives.
• Strong organizational and time management skills to prioritize tasks, meet deadlines, and manage multiple credit analyses simultaneously.
• Commitment to upholding ethical standards, integrity, and confidentiality in handling sensitive financial information.

Lincoln Federal Savings Bank is an Equal Opportunity Employer.

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