Loan Credit Analyst

There are 3 levels within the Loan Credit Analyst job family with progressive responsibilities. 

Duties and Responsibilities Level 1:

1. Contacts borrowers and tracks receipt of annual financial information as required by the loan documents; analyzes financial statements of all levels of quality to develop an initial assessment by identifying strengths and weaknesses as pertaining to a borrower’s historical and current operating performance.
2. Completes and reviews existing bank commercial loans and completes risk rating analysis on portions of the portfolio; reviews loan documentation for completeness and accuracy; indicates any missing documentation; prepares and reviews in depth written analyses for relationships of all sizes and all levels of complexity; ensures compliance testing of loan requirements.
3. Researches industry specific information from outside sources, including conversations with the borrower, industry publications, area libraries, references from other banks, credit agencies, as well as accessing information through the internet; assists loan officers with questions.
4. Presents loan reviews to committee, including risk rating recommendation and the analysis and merits behind the rating; articulates reasoning behind the rating and defends recommendation if needed.
5. Creates and maintains credit files; performs credit analysis; analyzes customer financial information; generate reports based on commercial loan portfolio.
6. Performs credit loan review due diligence, quantitative analysis; conducts risk ratings on credits or credit analysis; monitors financial statements; requests financials and letters of credit; performs compliance testing of loan requirements.
7. Prepares credit risk reviews for annual audit.
8. Attends training and works with experienced credit analysts to develop credit analyst skill set and technique and builds banking knowledge.
9. Keeps up to date and complies with all bank policies/procedures as well as applicable banking laws and regulations, including, but not limited to the Bank Secrecy Act, USA Patriot Act, and related anti-money laundering statutes, and federal consumer protection legislation and regulations.
10. Other Duties as assigned.

Qualifications and Skills Level 1:

1. 0 to 2 years of banking or financial services experience is required.
2. Experience in financial analysis or credit analysis is preferred.
3. Proficiency in MS Office [Outlook, Excel, Word] or similar software is required. EasyLender, Cleartouch, OnBase, various government and investor software/web portals is preferred. CreditQuest is preferred.
4. High School Diploma or equivalent is required; Bachelor’s degree is preferred.

Duties and Responsibilities Level 2:

On top of the duties listed in level 1, level 2 duties and responsibilities include:

1. Analyze all financial statements in conjunction with underwriting commercial loan requests. Prepare, analyze, and review in depth written analysis for relationships. Prepare complete credit presentation that incorporates and analyzes all relevant borrower and related financial information. Loan requests include CRE and C&I.
2. Work with Loan Officer / Business Banker to assemble all financial information as to develop an initial assessment by identifying strengths and weaknesses as pertaining to a borrower’s historical operating performance.  
3. Review loan structure of new requests identifying any risks or policy exceptions. Make recommendations on loan structure or reporting requirements where appropriate.  
4. Expert knowledge of industry and bank credit and underwriting procedures and practices. 
5. Monitors service providers and vendors effectively; structures relationships with service providers in a strategic manner; sets expectations; develops performance metrics; measures vendor performance, provides feedback and holds accountable.

Qualifications and Skills Level 2:

On top of the qualifications and skills listed in level 1, level 2 qualifications and skills include:

1. 3 to 5 years of experience in financial analysis or credit analysis is required.
2. Bachelor’s degree or commensurate experience is required.
3. Experience in financial services or banking is preferred. 

Duties and Responsibilities Level 3:

On top of the duties listed in level 1 and 2, level 3 duties and responsibilities include:

1. Leads special projects as necessary and as assigned. Collaborates cross-functionally, engages business partners and seeks other expertise as needed. Appropriately escalates matters as needed to management and senior leadership. 
2. Acts as a mentor to credit analysts, portfolio managers, and less experienced loan officers. Offers advice, presents learning opportunities, supports relationship building and assists with training as needed.

Qualifications and Skills Level 3:

On top of the qualifications and skills listed in level 1 and 2, level 3 qualifications and skills include:

1. 7-10 Years or experience in financial analysis or credit analyst is required. 
2. Experience leading teams, supervising or mentoring is required. 

The duties outlined above are a summary and may not be an exhaustive or comprehensive list of all possible responsibilities, tasks, and duties. All job descriptions may be amended at any time at the sole discretion of FMHC.

Physical Environment

• While performing the duties of this job, the employee is regularly required to lift, walk, stand, sit, bend, reach with hands and arms, climb, push/pull, use hands, and see, hear and speak.
• The employee must occasionally lift and/or move up to 25 pounds.
• The noise level in the work environment is usually quiet to moderate.
• This position is performed in an office setting, five days a week with typical work hours being 8.30a through 5.15p.

First Mutual Holding Co. and First Federal Lakewood is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.