Senior Business Credit Analyst

Senior Business Credit Analyst

You can be based out of Mt. Vernon or Lakewood as we have a presence up north and south.

At Harborstone, teammates embody our mission to build dreams and change lives. Dependability, kindness, and a proactive mindset are core to our daily interactions. We foster trust by honoring commitments and treating everyone with respect, striving to be the friendliest credit union in the Pacific Northwest. Positivity drives us to seek solutions and prioritize member needs. Honesty and transparency are essential, as is taking ownership and embracing growth. Guided by our Ten Essentials, we cultivate a collaborative, accountable environment where every teammate contributes to our shared successmaking Harborstone the best place to work, ever.

The Senior Business Credit Analyst plays a pivotal role in the Business Lending Support department by providing essential credit underwriting support to help grow the business loan portfolio while maintaining sound credit quality. This position is responsible for underwriting commercial credit requests in accordance with the organization's risk appetite and lending practices. This role serves as a knowledgeable and trusted resource to the lending teams, providing collaborative consultation and credit guidance to Loan Officers and less tenured credit analysts. This position provides ongoing portfolio monitoring and support. The ideal candidate possesses strong analytical and problem-solving skills, sound commercial credit assessment and underwriting skills, and is a strong communicator with a collaborative mindset. This role reports directly to the VP, Credit Administrator and collaborates closely with Loan Officers and other Business Credit Analysts to ensure alignment with Harborstone's mission, vision, and values.

Compensation: Minimum $79,860.62/yr Maximum $119,790.94/yr Placement in the pay scale will be determined by experience and qualifications.

Responsibilities

1. Underwrite commercial credit requests in accordance with the organization's risk appetite and lending practices.

Description: This position requires the accurate input and analysis of large amounts of financial data from a variety of sources including tax returns and financial statements prepared by borrowers, individuals and CPAs. Performs comprehensive financial analysis of business borrowers and guarantors and accurately assesses the five C's of credit, including: character, capacity, capital, collateral, and conditions. Effectively identifies primary credit risks pertinent to the credit decision. Consistently completes accurate and well-written credit presentations in support of lending decisions. Frequently provides underwriting support for the organization's more complex credit requests and borrowing relationships.

Success Metric: Credit presentations are well-written, reflect sound judgment, identify all material credit risks, and require minimal revision.

2. Provide collaborative consultation and guidance to the lending and credit teams.

Description: This position serves as a trusted advisor to the lending teams, providing guidance on credit structure and terms, consistent with the organization's policy and risk appetite. The Senior Business Credit Analyst effectively identifies all credit risks by going beyond level and trend analysis to identify the underlying drivers of financial performance. Provides recommendations to mitigate identified credit risks and policy exceptions, including advising on loan structure, financial and reporting covenants, and other controls. As a senior member of the analyst team, this role provides ongoing guidance and support to less tenured credit analysts through ad-hoc coaching and sharing of best practices.

Success Metric: Loan Officers are provided with timely and accurate credit guidance and support. Loan requests are well-structured and all credit risks and policy exceptions are appropriately identified and mitigated, where possible.

3. Provide ongoing portfolio monitoring and support.

Description: Sound portfolio management is a critical component of the organization's risk mitigation framework. This position supports ongoing portfolio monitoring and early warning identification through the completion of annual loan renewals, term loan reviews, interim risk assessments, and ongoing financial covenant compliance calculations. Appropriately identifies deteriorating trends and promptly escalates concerns as warranted. Frequently performs risk rating analyses, combining expert judgement with utilization of the organization's credit model to derive and assign quantitative loan risk ratings.

Success Metric: Loan reviews are timely and well-written. All risk ratings reflect sound credit judgement and are completed in accordance with guidelines.

Qualifications

1. Education:

Bachelor's degree in business administration, or a related field, is preferred.

Credit Risk Certification designation or equivalent is preferred.

2. Experience:

A minimum of five (5) years of experience performing commercial credit analyses of increasing complexity is required.

Experience mentoring junior credit analysts is preferred.

3. Technical Skills:

Strong judgement, attention to detail, and the ability to manage multiple priorities under deadlines are essential.

Strong credit risk assessment and mitigation skills are essential.

Strong proficiency in financial statement spreading and analysis is essential.

Comprehensive understanding of accrual-based accounting principles is essential.

Strong working knowledge of business financial statements and tax returns is essential.

Demonstrated ability to write concise, well-supported credit presentations is essential.

Proficiency with Microsoft Word, Excel, and Outlook is essential.

Proficiency with Sageworks LOS is preferred.

Physical Considerations

Ability to communicate effectively in verbal, written, and electronic formats with internal and external stakeholders.

Ability to read, comprehend, and respond to written and verbal instructions and information.

May be required to sit or stand for extended periods, depending on job duties.

May involve repetitive motions, including keyboarding and handling office equipment.

May require stooping, bending, squatting, or reaching occasionally.

May be required to lift and carry items weighing up to 50 pounds.

Ability to navigate office environments, including walking between workstations, meeting rooms, and member service areas.