Credit Analyst

Job Type


Full-time

Description

The Credit Analyst role support Choice Bank's commercial and agricultural lending areas by gathering, reviewing, and analyzing financial and credit information for prospective and existing borrowers. These positions contribute to evaluating credit quality, identifying and mitigating risk, and supporting sound loan structuring and lending decisions. Team members build expertise in Choice Bank's credit culture, underwriting standards, and analytical processes while performing tasks that strengthen the overall credit function.

Responsibilities

• Demonstrates the ability to independently underwrite relationships with total exposure ranging from $750,000 to $10,000,000, depending on experience.
• Reads, reviews, and understands various financial statements to include but not limited to; tax returns, balance sheet, profit and loss statements, agings, borrowing base certificates, debt schedules, equipment lists, business credit reports, credit bureau reports, rent rolls, lease agreements, fall cash flow, personal financial statement, environmental reports, and appraisals.
• Prepares credit memos for new and renewing loan requests, clearly communicating analysis through written summaries and supporting data (charts, formulas, graphs, etc.). Responsibilities include:
  • Financial statement analysis: trends, ratios, margins, sensitivity, and pro forma.
  • Cash flow analysis: traditional and UCA.
  • Collateral analysis: BBCs, real estate and equipment appraisals, collateral audits, contracts, and purchase agreements.
  • Guarantor analysis: cash flow, personal financial statements, and credit reports.
  • Risk assessment: key risks, policy exceptions, and mitigating factors.
  • Risk rating: grid completion and rationale commentary.
• Meets with and interview customers to develop a thorough understanding of the loan request and the business relationship.
• Completes annual reviews, problem loan reports, risk rating changes, and other file comments to preserve the credit integrity of the loan portfolio.
• Provides ongoing monitoring of borrowers' financial indicator covenants for compliance with loan documents.
• Prepares various loan reports as directed from Credit Leadership.
• Develops knowledge on SBA loan products along with policy and procedures.
• Attends credit analysis training provided by Credit Manager as well as RMA or MBA classes.
• Demonstrates the desire to learn new skills.
• Proficient with Microsoft Office Suite, including Word, Excel, Outlook, and PowerPoint

Requirements

• Bachelor's degree in Accounting, Finance, or related field
• 1-5+ years of experience as a Commercial Credit Analyst

Travel Requirement
This position requires travel to support business needs, including team collaboration, internal trainings, and cross-functional initiatives. The frequency and duration of travel will vary based on organizational priorities and team needs.


Cultural Alignment

Choice is #PeopleFirst, banking second.


People don't need just another bank. People need to be supported by a team of trusted partners who will get to know them and their business, understand their challenges, discover their dreams, and recognize the success in bringing people and banking together in our communities.


In contributing to our culture, Choice team members are guided by our core values.

• Embrace change and encourage innovation.
• Know when to ask for help and know when to offer help.
• Better the places we live.
• Work hard. Do the right thing. Have a little fun.

Our vision of Diversity at Choice is supported by our #PeopleFirst mission and our core values.


Being #PeopleFirst means that Choice is committed to focusing attention and resources towards creating an environment where everyone feels respected and valued and can do their best work. Doing the right thing means encouraging employees to share their experiences and ideas, and to bring their whole authentic selves to work. Together, we can build an inclusive culture that seeks out, supports, and celebrates diverse voices. We can use our diversity to fuel creativity and innovation and bring us closer to our customers and the communities we serve. Be welcome at Choice. We can see you here.


Disclosure


This job description is intended to describe the general content of, and requirements for, the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities or requirements. All requirements are subject to possible modification to reasonably accommodate individuals with disabilities. Some requirements may exclude individuals who pose a significant risk to the health and safety of themselves or other employees.


All employment at Choice Financial Group is "at will" employment. This position description does not create an employment contract, implied or otherwise.