Credit Analyst II

ABOUT US

Coastal is at the forefront of modern banking, combining strong financial infrastructure with cutting-edge Banking-as-a-Service (BaaS) and fintech enablement strategies. We support not only individuals with their personal banking needs; we also empower businesses by integrating modern banking technology that drives growth, flexibility, and innovation. At Coastal, we think and move like entrepreneurs; focused on impact, speed, and continuous improvement. We believe in working smart, collaborating deeply, and building solutions that unlock real potential. If you're someone who thrives in a fast-moving environment, loves solving complex problems, and wants to help shape the future of banking, we’d love to meet you.

OVERVIEW

Credit Analyst II will review, analyze and evaluate credit data for assigned business lines, including asset-based lending, equipment, C&I, and Real Estate lending. Credit Analysts make recommendations for final loan approval while ensuring risk exposure is consistent with the bank's credit quality policies and guidelines.

Position can be remote, hybrid or on-site.

RESPONSIBILITIES TO INCLUDE

• Credit underwriting duties primarily include Annual Term loan Reviews, relatively complex new credits up to $15MM, and renewal credits up to $20MM.
• Credit underwriting loans with slightly higher credit risk profiles (i.e. construction and monitored lines of credit). 
• Additional supporting roles in Credit Administration (i.e. monitored lines of credit, concentration reporting, appraisal review, etc.)
• Analyze financial data such as balance sheets, income statements, tax returns, income growth, quality of management, market share, appraisals, entity structures, and overall borrower business plans in order to make recommendations with regards to credits. Includes analyzing credit information from other sources, lenders, and credit reporting agencies. 
• Prepare credit submissions to Credit Administration with recommendations for approval. Research and examine credit risks, assess credit history, and express reasons for support of extension, or denials of credit. 
• Conduct on-going verification and regular tracking of customer’s credit quality through periodic review of collateral values, valuation dates and methodology, credit reports and supplier checks, tracking and analysis of required financial information and any other approval conditions. 
• Support and enable front-line staff with call preparation with analysis such as industry benchmarks and questions relevant to the prospect.
• Ensure timely line and/or loan renewals to prevent expirations. Notify appropriate lending personnel about up-coming maturities, ticklers and required documentation. 
• Partner with processors to ensure loan documentation is consistent with requirements provided by credit authorizations. Identify title, insurance, zoning, entity and other issues requiring attention prior to approval. 
• Maintain credit files. Prepare checklists and maintain authorizations and documentation. 
• Prepare analyses with projections and other justifications to check or reset loan covenants based on performance of credit and/or financials of borrower and/or guarantor.
• Perform additional duties as assigned.
• Follow and comply with all regulatory and compliance regulations.

QUALIFICATIONS 

• Proven ability to analyze financial conditions, financial statements, and tax returns. Ability to understand business relationships and business entity structures and their effect on financial condition and status. 
• Knowledge of C&I lending. Working knowledge of financial institution policies and procedures. 
• Communicate clearly and effectively regarding status, priorities, and expectations with various stakeholders with competing priorities through the analysis and approval process.
• Proven effective verbal and written communication skills, including writing efficiently. 
• Ability to work in an ambiguous, fluid environment working on customized loan proposals
• Knowledge of best practices, standard concepts, and procedures within the lending field. Experience with complex loan structures. 
• Strong knowledge of computers including financial software (Word, Excel, Sageworks, FIS, Moody’s, etc.). 
• Required to handle multiple tasks at the same time
• Must have excellent attention to detail to ensure timely and effective communication  
• Understanding of digital banking concepts and familiarity of subscription pricing banking models
• Knowledge of serving as a Capital Call Lending facilitator through communication with partner venture capitalists
• At least 3-6 years of credit approval/underwriting, real estate/construction lending, special assets, or related accounting/finance experience required.

EDUCATION/EXPERIENCE

• Bachelor’s degree in finance, Accounting, or other related field preferred.

HOW YOU’LL THRIVE AT COASTAL

• Be the Best – Communicate effectively, pay close attention to detail, and prioritize your personal development.
• Be Relentless – Thrive in a goal-oriented environment exercising both patience and persistence. Advocate for our customers and team members and strive to promote the Coastal Difference.
• Be Un-Bankey – Be a forward thinker with a creative mindset. Build long-lasting relationships promoting the Coastal Difference, built on a foundation of integrity, honesty, and trust.
• Embrace Gray Thinking – Use sound judgment while decision-making and problem-solving. Think outside the box.
• Stay Flexible – Organize and strategize effectively while always being prepared to adapt on the fly. Seek efficiencies for Coastal to work smarter, not harder.
• Take Care of Each Other – Understand what it means to be a true team player and have your teammate's back. Practice self-awareness and build your emotional intelligence.

BEING YOU AT COASTAL

Coastal is an equal opportunity employer. We are committed to providing a workplace free from discrimination and harassment. All employment decisions are based on merit, qualifications, and business needs. We do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, veteran status, or any other protected status under applicable laws. 

BENEFITS WE OFFER

We’re proud to offer a comprehensive benefits package designed to support your health, financial well-being, and work-life balance. Check out our benefits on our careers site! Our offerings include:

• Medical Coverage: Choose from three competitive medical plans to find the coverage that best fits your needs and lifestyle.
• Health Savings Account (HSA): Available with eligible medical plans, offering tax advantages and employer contributions.
• Flexible Spending Accounts (FSA): Options for healthcare and dependent care expenses to help you save on out-of-pocket costs.
• Dental and Vision Insurance: Plans to keep you and your family smiling and seeing clearly.
• Life Insurance: Company-paid basic life insurance with options to purchase additional coverage for yourself and your dependents.
• Long-Term (LTD)/Short-Term Disability (STD): Income protection in the event of a long-term illness or injury.
• Supplemental Benefits: Including Hospital Indemnity, Accident Insurance, and Critical Illness coverage to provide extra financial support when you need it most.
• 401(k) Retirement Plan: A competitive retirement savings plan with company matching to help you plan for the future.
• Paid Time Off: Generous vacation and sick leave policies to support your time away from work.
• Holidays: Enjoy 11 paid holidays throughout the year.

PHYSICAL DEMANDS

The physical demands described below are required to perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee must be able to:

• Sit for extended periods of time.
• Stand for extended periods of time.
• Perform repetitive finger, hand, and arm movement.
• Use electronic office equipment such as a computer keyboard, mouse, ten key, telephone, etc. 
• View and read computer screens for extended periods.
• Occasionally stoop, kneel, crouch, or crawl.
• Occasionally lift or move up to 10 pounds.

OTHER DUTIES

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

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