The Commercial Credit Analyst is responsible for financial analysis of commercial loan requests for the purpose of recommending and decisioning new commercial lending opportunities, as well as existing portfolio loans, while noting any deviations from the Commercial Loan Policy as appropriate and any alternative structures that would assist in risk mitigation. The incumbent will complete an analysis of financial statements, assessing creditworthiness of Borrowers and Guarantors, and determining the risks associated with the loan request and associated mitigants.
Primary Responsibilities and Duties:
Evaluation of small business financial statements, tax returns, and other financial documents to determine the borrower's ability to repay the loan.
Prepare historical financial analysis, projection financial analysis, and stress-testing for less complex loan transactions.
Identify key secondary sources of repayment such as collateral and guarantor strengths.
Collaborate with relationship managers to gather necessary information and clarify details.
In consultation with management, create credit memos for presentation to Loan Approval Committee.
Attendance at Loan Approval Committee to answer questions regarding credit analysis, as necessary.
Proactive monitoring and review of loan portfolios to identify signs of potential changes in risk profile and ensure ongoing credit quality.
Monitor assigned credits on a quarterly basis, and report any payment discrepancies, or developing problems directly to relationship manager and management.
Perform analysis of Everwise's other credit products.
Actively engage in community service and promotional events, to foster personal development and enhance Everwise's positive reputation in the community.
Participate in ongoing education and Department training activities.
Assume additional responsibilities as required for the growth and advancement of Everwise.
Knowledge/Skills:
Corporate and Commercial loan experience, knowledge across diverse industries, and commercial real estate asset classes preferred.
Ability to read and analyze basic financial data and credit reports for businesses of all sizes. Uphold impeccable integrity by safeguarding the best interest of Everwise and its members through prudent lending practices and risk mitigation.
Working knowledge of business and contract laws preferred.
Basic understanding of commercial credit, loan services, and credit risk policies and procedures.
Excellent verbal and written communication skills.
Ability to take direction from senior credit analyst and management to work autonomously and collaboratively in a team environment.
Proficient in commercial financial software and Microsoft office suite (MS Teams, Outlook, Word, Excel and PowerPoint).
Basic understanding of government laws, regulations, and Everwise's policies and procedures concerning Anti-Money Laundering Regulations including but not limited to the Bank Secrecy Act (BSA), US PATRIOT ACT and OFAC.
Minimum Requirements:
Bachelor's degree in Business, Accounting, Finance, or a related field, or equivalent relevant work experience.
2+ years' experience in financial services.
Experience underwriting Commercial Real Estate, Small Business Administration, and C&I loans preferred.
Everwise is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
