Credit Analyst Job Description Sample
This position is responsible for ensuring that all reviews and renewals of Business Banking loan products are reviewed and re-documented (if necessary) prior to becoming an administrative past due issue. Also has responsibility for interim monitoring of covenants, borrowing base certificates and other conditions of credit. This position is jointly responsible with the Relationship Managers for effectively interacting with clients to enhance their relationship with the Bank.
- Credit Assessment (50%)
- Client Performance Management (35%)
- Sales Support and Partnership (15%)
A. Credit Assessment
Collaborate with relationship managers to generate ideas, identify client solutions, pursue marketing efforts, cover clients, and deliver timely solutions.
Actively manage client solution opportunities within portfolios.
Operate as key member of the deal team and coordinate preparation of lending proposals and pitches to prospective clients with efforts to maximize penetration and returns.
Provide deal structuring expertise.
Provide accurate financial analysis and oversight of new and existing bank customers
Proven background in the review and analysis of complex financial statements and tax returns submitted by applicants and is capable of evaluating their ability to repay, and consultation of structure, collateral and ownership.
Prepare/oversee preparation of concise, well-reasoned credit correspondence
Analyzes the financial condition of existing bank customers. Proven background in the review of highly complex financial statements and tax returns submitted by applicants and is capable of evaluating their ability to repay. Must also have a solid understanding of the various borrower types typical in the high-net worth market and their relation to collateral ownership, loan repayment, loan structure, etc
Interprets and evaluates consumer credit bureau reports, Dun & Bradstreet business reports and public records.
Responsible for identifying trends in client activities which may be predictive of deteriorating credit quality
Seeks alternative means of financing or counter offers for all borrowers when it is determined that the original request cannot be accommodated
B. Client Performance Management
Oversee documentation and ongoing monitoring of asset and client performance.
Actively manage portfolio to maximize return and credit quality.
Obtain credit approval as client advocate.
Responsible for monitoring quarterly touches, trigger compliance and covenants of clients within assigned portfolio to identify deteriorating credit conditions and compliance with loan agreement.
Monitor high risk loans via established procedures, with transfers Special Assets Monitoring Unit or Small Business Collections as appropriate.
Ensure that renewals are completed on a timely basis to avoid any administrative past dues and maintain compliance with Key Risk Indicators
Ensure that annual reviews are completed on a timely basis to maintain compliance with Key Risk Indicators
Ensure that annual loan renewals, reviews and monitoring are completed in a timely fashion to avoid any administrative past dues.
C. Sales Support and Partnerships
Responsible for providing an excellent client experience in all interactions with clients and prospects
Maintain key ongoing contact with lending clients in conjunction with relationship managers.
Work with specialists as needed to support cross-sell opportunities.
Maintain and promote a customer service environment, to include satisfying and exceeding customer needs and expectations.
May participate in on site customer visits with Relationship Manager
Increase share of wallet with customer by identifying cross-sell opportunities or enhance existing services by recommending, credit, deposit, cash management, etc.
Negotiate transactions with clients (as a back-up to the Relationship Manager)
Maintain awareness of all firm products and services offered and facilitate means of receiving continuous updates
Intercede with Internal Audit and Loan Review during exams and reviews regarding questions arising from a file review
Bachelor's degree. Preferably in a business related field.
Demonstrated knowledgeable of cash flow, credit and evaluating collateral.
Requires a minimum of 5-7 years of previous Commercial Loan and underwriting experience in a financial services environment.
Demonstrated ability to successfully structure credit requests that minimize risk while providing client value.
Thorough knowledge of software being utilized to capture credit applications, proprietary scoring model, Word and Excel.
Excellent oral and written communication skills.
Ability to make sound transactional decisions to ensure policies and directives are met.
Ability to make timely decisions in a fast paced, production environment.
Ability to communicate effectively by adding value to Relationship Managers and Customers.
Ability to work independently and take ownership of personal performance and development.
Demonstrates aptitude to interpret and evaluate consumer credit bureau reports, Dun & Bradstreet business reports and public records.
We're here to help
At BMO Harris Bank we have a shared purpose; we put the customer at the center of everything we do – helping people is in our DNA. For 200 years we have thought about the future—the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we're changing the way people think about a bank.
As a member of the BMO Harris Bank team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.
To find out more visit us at https://bmoharriscareers.com.
BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. By learning from each other's differences, we gain strength through our people and our perspectives. BMO Harris Bank is an Equal Opportunity Employer for all, inclusive of Minorities, Women, Veterans, and Persons with Disabilities.
Credit Analyst, Bloomington, IL
Why work at Crop Production Services (CPS)? Great question!
Safety is a core value at CPS. Keeping every employee safe, healthy and secure is our top priority. Nothing is more important that seeing our people go home safe at the end of every single day.
While working here you will have the opportunity to grow your career while helping us feed the future. We pride ourselves in hiring from a variety of backgrounds and truly believe that it is our differences that make us stronger so we hope you will join us.
In addition to exciting and challenging opportunities, CPS offers competitive salaries, great benefits and performance based incentives.
Outside of the skills and necessary qualifications, you will be committed to sustaining our safe and positive work environment while welcoming working side by side others in a diverse culture. Culture at CPS is the core of everything we do and all employees are respectful of diverse opinions and views.
Reporting to the Credit Manager, the Credit Analyst is responsible for adjudicating credit, pursuing the collection of past due non-legal accounts, and handling day-to-day credit inquiries from field personnel and customers.
Works with location personnel and customers directly, if required, in order to obtain information and documentation necessarily to adjudicate credit
Analyzes financial statements, interprets and prepares reports of financial position, and measures applicant's financial viability, in order to evaluate repayment ability
Adjudicates credit within approved policies, procedures, and defined limit within the defined area of responsibility
Maintains confidentiality of all credit information
Works with location personnel and other departments in order to resolve routine accounts receivable issues
Works with location personnel and customers directly, if required, to devise collection strategies and negotiate payment arrangements within specified guidelines in order to collect balances owed
Identifies and prepares report of non-collectable accounts for write off
Facilitates credit training presentations in order to address specific credit concerns and to provide yearly recaps and emphasize challenges for the upcoming credit season
Provides ongoing credit training and education on a day-to-day basis for location personnel
Reports on various credit issues, credit utilization, credit application results, credit exceptions and past due accounts to division managers and location personnel
Reviews current credit processes and documents with an emphasis on enhancements and communicates suggestions to management as applicable
Performs other related duties and participates in special projects as required
Performs all duties in a respectable manner and with a spirit of cooperation with customers and fellow employees
Effective interpersonal and communication skills
Ability to work in a fast paced environment
Extreme attention to detail and clerical abilities
Well-developed problem solving, organizational and analytical skills
Demonstrated time management skills to meet deadlines as well as flexibility to adapt to changing priorities
Strong computer skills, including proficiency with the Microsoft Office Suite of products
A Bachelor's Degree in Accounting, Finance, Business, Agriculture or equivalent from a recognized institution
A Combination of education and experience will be considered
Previous credit experience an asset
Sound ability to interpret financial statement information is required
Working knowledge of credit documents including security documentation such as personal guarantees and crop insurance assignments is considered an asset
Previous experience in automated credit environment is considered an asset
CPS, a Nutrien Company, is committed to creating an inclusive workplace. We encourage applications from all well qualified candidates who reflect the diversity of the regions where we operate. This includes recognizing the voluntary identification of status such as gender, sexual orientation, visible minority, Indigenous status, persons with disabilities, and veterans, where applicable.
If this sounds like a good match, apply now. You may be required to undergo a background check and substance test in accordance with CPS policies.
While we appreciate all applications we receive, we advise that only candidates under consideration will be contacted.
EOE race/color/sex/sexual orientation/gender identity/disability/vet
Summary: Expedite collection of receivables while maintaining positive customer relations. Perform credit duties within assigned areas of responsibility.
Three to five year's collection experience.
Bachelor's degree in business or related field.
Excellent customer service skills.
Ability to deal with negative situations with a positive attitude.
Computer skills to include working knowledge of Microsoft word and excel.
Traveling to area branch locations required.
Obtain and investigate credit information for the approval process by the credit manager.
Coordinate and expedite collection of all receivables within assigned area.
Initiate write-offs of uncollectible receivables.
File mechanic liens, labor lines, etc., to secure indebtness.
Assist and arrange the repossession and sale of equipment when necessary.
Complete credit references on customers.
Respond to customer requests within assigned area.
Interact with the sales, service, parts departments with regards to customer credit needs.
Perform all other duties as assigned.
Duties and Responsibilities include the following:
This position has no supervisory responsibilities.
Personal protective equipment and environment:
The Credit Analyst is responsible for enforcing Credit and Collections policies and procedures as directed by the Director of Credit/Collections and the Credit Manager. This position will manage collections for 250 or more stores in order to minimize loss to the company incurred with past due and charged off accounts. This role also provides excellent customer service and support as part of the Credit Department phone queue.
Essential Job Functions
Enforce credit policies and procedures with branch store managers by maintaining contact on a regular basis to monitor past due accounts, including monthly, weekly, daily, and equipment accounts
Enforce credit policy with customers and initiate appropriate collection action as required
Keep Director of Credit/Collections and Credit Manager informed of exceptions to our credit policy as appropriate
Advise and assist store managers with their collection efforts to ensure all options are considered
Utilize the Credit Management System tool to make sure all past due accounts are addressed, as well as evaluate credit risk for current customers for limit increases, special financing and other requests
Skills and Qualifications
High school diploma or equivalent
Must have excellent communication/customer service skills, and be able to prioritize projects and work independently with a minimum amount of supervision
Must be able to enforce Corporate credit policy with branch store managers and give constructive criticism
Prior collection experience including contacting and negotiating payment arrangements with customers
Must be proficient with basic functions of Windows applications including Word, Excel, Internet Explorer and Mozilla
Must be able to multi-task in a very fast paced office environment
Account balance reconciliation experience desired
Knowledge of O'Reilly store operations desired
POSITION PURPOSE: The Credit Analyst I is responsible for developing and analyzing all required financial and credit information to assist the Commercial Lenders in underwriting and reviewing member business loans. This position will be required to maintain a thorough knowledge of all loan policies and procedures and regulatory compliance requirements affecting member business loans. The Credit Analyst I will ensure accuracy and completeness of commercial loan files and assess the ongoing quality of existing commercial loans. This position will report in the Director of Business Services.
PRINCIPAL ACCOUTABILITIES/ESSENTIONAL FUNCTIONS:
Develop and analyze business financial data of borrowers and guarantors to include income statements, tax returns, collateral, balance sheets, and cash flow statements preparing reports of financial position and credit worthiness
Determine the degree of risk involved in granting loan and prepare loan proposal recommendations accordingly
Conduct periodic reviews and evaluation of existing commercial loans assessing ongoing loan quality and making recommendations for a course of action as needed
Keep abreast on market, industry and regulatory and changes impacting commercial lending
Review maturing loan report and notify members eligible for credit renewals requesting appropriate financial data as needed
Oversee the accuracy and completeness of commercial loan files ensuring files are in compliance with established credit union loan guidelines and policies
Ensure that financial information is complete and signed per loan policy requirements, and follow-up with members to obtain incomplete information in a timely manner
Prepare reports and presentations to keep senior management and the Board of Directors apprised of commercial loan portfolio credit quality and forecasting trends
Contribute to the credit union's long and short-term commercial lending objectives and goals
Provide additional staff support for the Commercial Lending & Business Services department functions
Two years of experience in commercial/business loan credit analysis and documentation and processing; or equivalent combination of experience and education that provides the required knowledge, skills, and abilities
Experience in using Sageworks financial statement analysis software, preferred
Bachelor's degree a plus
ACU is an Equal Opportunity and Affirmative Action Disability/Veteran employer.
Principals only. Recruiters, please don't contact this job poster. Do not contact us with unsolicited services or offers.
The Incumbent will enter the Professional Lending Development Program as a Credit Analyst. This position has extensive contact with the company's lending and loan support staff and has moderate customer contact with potential borrowing customers.
The incumbent must have the ability to express his/her self in a clear and concise manner. Under the general direction of the Credit Supervisor, the incumbent evaluates complex commercial and consumer loans and commitments. These evaluations include interviews with potential borrowing customers, assessments of the borrower's financial condition, the borrower's performance, administration of the loan officer, the sufficiency of documentation, and compliance with Bank policy and regulatory requirements.
Accounting, finance or business degree with a minimum of 9 hours of accounting classes (preferred Intermediate Accounting I & II) required. Demonstrated above average written and oral communication skills.
Ability to logically organize and interpret information from multiple sources. Ability to analyze complex financial statements. Ability to use personal discretion in time management and workload management with minimal supervision.
Working knowledge of commercial bank operations and lending is preferred. Demonstrated ability and willingness to determine a course of action and carry it out. Demonstrated leadership abilities, dependability and thoroughness in meeting responsibilities, and willingness to seek out and accept responsibilities. Must be familiar with PCs and PC software, specifically Excel and Word.
The incumbent is responsible for preparing comprehensive risk analyses of complex loans and commitments.
"Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status."
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
Please view Equal Employment Opportunity Posters provided by OFCCP here.
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information.
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Las VegasNevadaUnited States
Posted on: 2018-04-23
Job type: Permanent
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Your Leasing Solution was created by people that know how hard it is to run a business, find equipment, and put it to work. We help businesses grow by providing cost effective freight and transportation solutions.
Job Title: Credit Analyst
Location: Las Vegas Nevada
Your Leasing Solution was created by people that know how hard it is to run a business, find equipment, and put it to work. We help businesses grow by providing cost effective freight and transportation solutions. Our staff has extensive experience in the equipment, freight transportation and lease space and we are able to structure a program that allows companies to scale their business, reduce costs and ease the administrative burdens.
Being more like a partner than a leasing company, Your Leasing Solution's main goal is to help companies become more successful and grow the top line and bottom line. At Your Leasing Solution, we make leasing as quick and painless as possible. We help businesses get the heavy-duty equipment, semi-trucks and trailers they need keep their freight and goods moving.
Primary qualifications / responsibilities:
Experience in lending, reviewing credit applications, credit reports, background checks and bank statements to make recommendations on whether or not the lease applicant represents a good credit risk for the company, under the company's underwriting guidelines.
Experience with reviewing credit on customers that would be categorized as "Subprime", familiarity and experience in reviewing credit reports (FICO scores) and customer bank statements to determine eligibility for funding.
Make recommendations for Funding to the YLS Chief Financial Officer. Communicate credit decisions to Sales and Account Management.
Review lease applications and coordinate information requests related to credit scores, bank statements, asset valuations with the following: Credit Processors, Asset Acquisition and the YLS Call Center.
Minimize bad debt via a complete review of the applicant's credit
5 years in a Credit Analyst position
Enjoys Fast Paced Environment, get the job done.
Strong communication skills
Trucking Industry knowledge and experience
Subprime Lending experience
Job TitleCredit Analyst
We are hiring! Are you a finance professional seeking to elevate your experience to the next level? Do you thrive on putting your analytical skills to use in order to maximize sales and profitability while mitigating losses? If so, Philips is looking for a Credit Analyst to join our team!
In this role, you have the opportunity to…
Be the first to help start up our brand new location in Nashville. You will manage the credit risk within a diversified portfolio of accounts related to sales on credit to customers. This role is performed within the North American shared services team in close cooperation with the Healthcare business in order to optimize the credit risk profile in the portfolio and in collaboration with collections, to maximize sales to customers and minimize write-offs.
You are responsible for (but not limited to)
Evaluating customers' credit-worthiness, and setting policy of the decisions and judgement regarding credit offers for the customers
Utilizing a credit check system on orders by reviewing contracts and performing timely analysis of new and existing customers' financial status in order to provide accurate interpretation of the credit risk
Assigning credit limits and risk categories according to a defined approval matrix and SAP FSCM including assessment of potential doubtful or bankrupt customers in cooperation with the businesses we support
Preparing documentation for filing of instruments used in securing credit decision including, but not limited to, credit insurance, letters of credit, and maintaining guarantees to mitigate credit risk and support sales
Facilitating releasing of blocked sales orders based on defined approval matrix with each business
Daily interaction with internal and external stakeholders, including collection staff, sales representatives, and financial leaders within Philips
You are a part of a team
Governor Bill Haslam recently announced that Philips will be bringing about 800 new jobs to Tennessee. Philips is a global leader in health technology that makes life better for people, like you, through meaningful innovation. This position will be a part of our Global Business Services group responsible for leading operational execution, reducing complexity and increasing efficiencies as the in-house team that continuously improves performance to better support our customers. We are looking to build a new team in Nashville of passionate, inspirational, collaborative and diverse professionals that is powering excellence around the world for Philips to achieve our mission to improve the lives of 3 billion people a year by 2025. That's where you come in.
To succeed in this role, you should have the following skills and experience
Bachelor's degree in Finance, Accounting, Business Administration, or other related field
2-3 years of relevant professional experience
Proficiency with Excel and SAP, or similar software
Willingness to work extended hours during critical periods (month-end, quarter-end, year-end)
Experience working in a fast-paced environment
In return, we offer you
We offer you a dynamic working environment in an innovative business, which offers you excellent opportunities to further develop and fully explore your talents. This job comes with a competitive salary, excellent benefits and up-to-date training. This is the chance to be part of a new group that is powering excellence at Philips.
Why should you join Philips?
Working at Philips is more than a job. It's a calling to create a healthier society through meaningful work, focused on improving 3 billion lives a year by delivering innovative solutions across the health continuum. Our people experience a variety of unexpected moments when their lives and careers come together in meaningful ways. Learn more by watching this video.
To find out more about what it's like working for Philips at a personal level, visit the Working at Philips page on our career website, where you can read stories from our employee blog. Once there, you can also learn about our recruitment process, or find answers to some of the frequently asked questions.
Philips is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex (including pregnancy), sexual orientation, gender identity, national origin, genetic information, creed, citizenship, disability, protected veteran or marital status.
As an equal opportunity employer, Philips is committed to a diverse workforce. In order to ensure reasonable accommodation for individuals protected by Section 503 of the Rehabilitation Act of 1973, the Vietnam Veterans' Readjustment Act of 1974, and Title I of the Americans with Disabilities Act of 1990, applicants that require accommodation in the job application process may contact 888-367-7223, option 5, for assistance.
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(Note: To ensure fairness and legal compliance in our recruitment processes, only technical issues will be monitored through the above inbox. Please do not submit resumes or applications to this email, as they will not be reviewed. Only applications received through the online application process will be considered.)
California Bank and Trust, a leader amongst banks in California with over $10 billion in assets and nearly 100 branch offices in the state, is currently seeking a Credit Analyst to conduct credit investigations and analyze credit information pertaining to loans. California Bank & Trust prides itself on creating California's best banking relationships and to do this we must continue to build a team of intelligent contributors who can add value to our clients' businesses and build deep roots in the communities we serve.
Conducts credit investigations and analyzes credit information pertaining to loans Investigates all available sources of credit and financial information, including reporting services, credit bureaus, other companies, main office files, and branches.
Analyzes financial statements and related material. Analyzes financial conditions and trends.
Reviews and reports non-compliance with loan covenants. Determines cash flow using appropriate tax analysis.
Prepares summaries, presents facts, and offers opinions concerning credit-worthiness. Provides credit information and references for customers, loan officers, or other agencies as requested.
May provide rates and loan information to clients.
Ensures that all credit files include proper documentation including current financial statements, agency reports, etc.
Maintains control over current accounts, noting payment progress, watching for any developing problems, and keeping loan officers informed.
Writes credit memorandums.
Accompanies lenders on business calls.
Conducts industry research.
Assists with special projects as assigned.
REPORTING MANAGER TITLE
Accounts Receivable/Credit Manager
The position reports to the Manager, AR and is primarily responsible for analyzing, determining and monitoring ongoing credit and financial risks related to TPCi's domestic & international distributors, licensees and business partners. The position will also assist in the optimization of AR/credit systems, processes, reporting and other functions including invoicing, cash application and collections.
Research and examine financial statements, payment records and company history to determine ongoing financial stability of distributor customers, licensees, vendors and business partners
Prepares analytical support and recommendations to senior management based on financial stability, payment records, outside credit reporting, trade & bank references and scoring models while adhering to TPCi's established policies and procedures
Compiles all required supporting documentation and credit recommendation to obtain appropriate internal approvals for distributor credit limits and changes
Review and analyze DSOs, ordering trends, daily sales orders and AR balances for release following TPCi's credit/AR requirements
B2B collection duties as assigned
Identify opportunities for process improvements in AR/credit to increase efficiency
Assists with other AR functions including invoicing and cash application
Assists with annual credit insurance documentation requirements
Obtain necessary applicant documentation related to business license, resale certificate, articles of incorporation, etc.
Comply with Anti-Trust laws and regulations
Maintain confidential records
KNOWLEDGE & SKILLS & EXPERIENCE
3-5 years previous experience in the Credit Analysis or Accounts Receivable field
Basic accounting principles including knowledge of general ledger
Advanced proficiency in Microsoft Excel, Word, and accounting software applications (ERP).
Experience with Microsoft Dynamics AX, Atlas, EDI, Tableau or similar tools a plus.
High degree of accuracy and attention to detail
Skilled in problem solving and managing multiple assigned tasks and projects
Self-motivated team player with an ability to work independently
Excellent communication skills to work effectively with internal and external customers (verbal, written)
B2B collection experience
- Degree in Business/Accounting/Finance or equivalent work experience.
- NACM CBA Designation required.
- CBF preferred
- Typically works normal business hours
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