Credit Analyst Job Description Sample
Credit Analyst is an entry-level position within BBCN Lending Centers. Credit Analysts are given an excellent opportunity to learn the Commercial Lending process (financial analysis, underwriting, policy & procedure) as mentored by senior Loan Officers.
Duties and Responsibilities:
Obtain all available and necessary financial data from the credit file or outside sources
Spread and analyze financial statements - study and evaluate the information and prepare written reports for the lender
Inform loan officer when up-to-date financial statements are needed on a commercial account
Inform account officer about the expiration of voted lines of credit; assist in the renewal of the line
Check pledged assets as requested by the lending officer
Assist and provide back-up support to the commercial credit officer
Underwrite loans under supervision of loan officer or manager
Analyze financial information of applicants
Will have extensive contact with customers and the public, conducting relationships in a manner that will enhance the overall marketing effort of the bank
Will be called upon from time to time to participate with community organizations and in community projects
Assume additional duties as requested
Bachelor's degree in Finance or Accounting, or related field or equivalent experience strongly preferred
Good communication skills, both oral and written
Ability to define problems, collect data, establish facts, and draw conclusion
Bank of Hope is an Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law. Bank of Hope 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 employer's legal duty to furnish information.
Please view Equal Employment Opportunity Posters provided by OFCCP here.
Provide advanced financial analysis and credit worthiness for existing and new commercial lending and treasury management members.
Job Duties and Responsibilities
Evaluates potential and existing commercial loan and Treasury Management requests in order to make initial recommendations to lenders. Review financial and collateral reports for accuracy and completeness.
Prepares preliminary loan presentations for commercial loans, to be used in the loan approval process. Ability to read, analyze, and interpret documents to assess risk factors and degrees of risk. Assist with the ongoing review of commercial credit relationships including loan memorandums, annual reviews, remote deposit capture and ACH origination.
Works directly with the lender or member to research background documentation and review personal and business financial statements and tax returns. Analyze financial information and prepare the analysis for lender approval. Strong understanding of ratios, global and universal cash flow analysis is a must.
Works with lenders on presentation to Credit Committee and preparation of troubled loan monitoring reporting.
Demonstrates a solid knowledge of C&I loans, CRE loans and SBA loans.
Ordering and reviewing commercial appraisals and environmental reports.
Participates in commercial lending and Treasury Management special projects as assigned.
Required Job Qualifications
4+ years of financial analysis in commercial lending and Treasury Management experience.
A four-year degree in accounting, business, finance, or a related field or equivalent in experience is a minimum requirement. CPA designation a plus.
Strong knowledge of commercial lending and Treasury Management credit policies, procedures, regulations and products/services including ACH and remote deposit capture.
Other Critical Factors
Strong knowledge of commercial banking and/or credit union industry and ability to present a professional and dynamic image.
Must have strong logical and analytical ability.
Strong written and verbal communication skills.
Excellent time management and organizational skills.
Who is OMNOVA Solutions?
OMNOVA Solutions is a specialty chemicals and functional surfaces company, whose technologies enhance the performance of a wide variety of well-known products across the globe. We are proud to offer "The Science in Better Brands."
What are we looking for?
Reporting to the Regional Credit Manager, the Credit Analyst will be responsible for managing a portfolio of accounts, (International & Large Profile Domestic Customers ) investigating and analyzing creditworthiness, and managing the day to day credit programs and processes. As a member of the Credit team, the analyst will be responsible for reviewing orders, running aging and resolving outstanding deductions, setting up new customers and completing credit references. The Credit Analyst will also manage the team's deduction resolution process, complete monthly reporting and schedules, analyze and recommend existing and new customer risk and complete audit requests as assigned.
Your tasks and responsibilities...
Manage a portfolio of accounts as assigned including reviewing orders, running aging and resolving outstanding deductions, setting up new customers and performing risk analysis to support credit line decisions. Serves as a single point of contact for inquiries, requests and issues.
Performs customer financial analysis to recommend and establish credit lines. Takes action to ensure that accounts remain within the assigned credit limits. Assess and mitigates financial risk.
Analyze data, trends, drivers and cause in customer payment behavior. Partner with other internal functions to create appropriate action plans to remove barriers to payment.
Provides timely and informative credit analysis including monthly reporting, bad debt schedules and team metrics.
Completes audit requests as assigned.
Manages and monitors the deduction process for defined portfolio and report overall team performance.
Collaborates with Regional Credit Manager to resolves moderately complex to complex credit or collection issues.
Identify/execute opportunities for process improvements to increase individual and team efficiency.
Performs other related duties and participates in special projects as assigned.
Who you are...
Bachelor's degree in business administration
Minimum of three years of business to business credit and collection experience
Demonstrated ability to work at an intermediate to expert level within SAP Credit Modules
Demonstrated negotiation skills, superb customer service, and process orientation
Superior interpersonal (collaboration and relationship building) skills with the ability to interface with all levels of the organization and customers
Excellent organizational skills and a keen ability to multi-task in a fast-paced environment
Excellent oral and written communication skills
Self-motivated with superior time management and the ability to work independently with minimum supervision
Knowledge and experience working internationally with internal colleagues and customers
Strong business acumen, deductive reasoning, and analytical skills
Ability to present financial data cross-functionally and to different levels of leadership, problem-solving skills with a sense of urgency.
Ability to operate efficiently and professionally under pressure
Proficient with Microsoft Office software with the ability to use Excel functions to analyze and produce conclusive results
Continuous improvement mindset
CCE or other credit certification
Business Warehouse experience
Systems strengths on Credit & Collection Software
Understanding of UCC's and security documents and their use
International Letter of Credit and Documentary Collection standards
International Credit Laws
The science of better careers. Come formulate yours.
Bring your ingredients for success and together we'll create a unique plan for your development and career growth. We recognize that without our talented employees and their passion and curiosity (which really are the backbone of our organization), we would not be where we are today. Click here to learn more about why you should join OMNOVA.
I. Job Purpose:
Responsible for evaluating and approving or rejecting loan applications based on established criteria. Handles smaller and less complex loans.
II. Duties and Responsibilities:
Receive credit requests and make approve/decline decisions within established policy, guidelines, and turnaround times. Underwrite real estate related credit requests. Document decisions properly and completely with particular diligence given to explanations of overrides or variances, to include a narrative to explain credit decisions.
Provide a high level of customer service to the originators of loan requests to include the communication of credit decisions and answering questions.
Works with the loan administration and client specialists to manage delinquencies on loans; reports troublesome loans to the senior credit officer and commercial line manager on a timely basis. Ensures that the systems of record are accurate for the loans being administered; ensures that management information is reported timely and accurately; obtains satisfactory loan reviews and ensures that regular audits are performed.
RequirementsVI: Job Requirements
Accurate typing, spelling and grammar skills
Proficient with applicable computer software
Good written and oral communication skills
Good organizational and customer service skills
Good fundamental understanding of general bank operations, proficient understanding of the components of financial planning, deposit products, small business products, investment and insurance products
Monday - Friday
8:00AM - 5:00 PM
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, gender stereo typing, and age. First Tennessee is an EO employer – M/F/Vets/Disabled.
Please view Equal Employment Opportunity Posters provided by OFCCP her
Requisition Id: 39556
Business Unit: Corporate
Location: Charlotte, NC, US, 28277
Logistics done differently.
At XPO Logistics, we're constantly looking for talented individuals at all levels who can deliver the caliber of service our company requires. As the Credit Analyst, you will play a key role in analyzing a company's credit and financial reports to determine the risk involved in extending credit. If you're ready for the challenge of working for a global company—to go bigger and better—we have an opportunity waiting for you at XPO.
Pay, benefits and more.
We are eager to attract the best, so we offer competitive compensation and a generous benefits package, including full health insurance (medical, dental and vision), 401(k), life insurance, disability, and the opportunity to participate in a company incentive plan.
What you'll do on a typical day:
Determine and maintain acceptable customer credit risk including the evaluation of new and existing customer's financial status and credit worthiness
Assess and recommend credit ratings, limits, and credit enhancements as appropriate
Review and adjust credit lines of customers on a regular basis for existing accounts; escalate to revoke lines of credit upon receipt of external information pertinent to the financial strength of accounts
Review and approve, modify, or decline credit review requests within established credit authority, and make recommendations to management on proposals beyond the senior credit analyst's credit authority
Play a backup role as a key user to all XPO TMS systems (i.e. customer setup)
What you need to succeed at XPO:
At a minimum, you'll need:
- Bachelor's degree in business, accounting, or related field, or equivalent combination of education and experience
- 3 years of related experience
It'd be great if you also have:
- 4 years of related experience
Be part of something big.
XPO provides cutting-edge supply chain solutions to the world's most successful companies, including Disney, Pepsi, L'Oréal, Toyota and many others. We're the fastest-growing transportation company on the Fortune 500 list and we're just getting started.
We are proud to be an Equal Opportunity/Affirmative Action employer. Qualified applicants will receive consideration for employment without regard to race, sex, disability, veteran, or other protected status.
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All employees may be required to perform duties outside of their normal responsibilities from time-to-time, as needed.
Nearest Major Market: Charlotte
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
The Credit Analyst position is focused in the commercial finance industry through a fast-paced, deal-driven environment. The position will be assigned analysis tasks geared toward underwriting and presenting the best financing options for commercial borrowers. The analyst will work closely with sales staff, borrowers, and senior management to meet the financial needs of customers while diligently protecting the bank's capital. The ideal candidate will have brief but relevant experience combined with relevant formal education. This position is physically located at our Carmel, Indiana, headquarters. Essential Duties and
Analyze credit data, tax returns and financial statements to determine the degree of risk involved in extending credit or lending money.
Generate financial ratios and trend analyses using computer programs to evaluate customers' financial status and payback ability.
Prepare reports including credit analyses and summaries of loan requests, and timely submit to loan committees for approval.
Assist the management of the loan portfolio in regard to loan covenants, reporting requirements and delinquencies.
Work with sales staff to manage renewal and modification requests as needed.
Visit with prospective and current bank clients in conjunction with sales staff both inside and outside the bank.
Knowledge, Skills, Abilities and Experience:
Requires a bachelor's degree in a related field of study from an accredited institution.
Must have professional work experience in a closely-related role for a minimum of one year.
Candidates must demonstrate successful critical thinking skills.
Requires the ability to successfully multitask and perform accurate, timely work with multiple priorities and deadlines.
Must demonstrate strong customer service skills and/or interpersonal and communication skills.
Requires a demonstrated working knowledge of Microsoft Excel, Word and Outlook at a moderate to advanced level.
The Credit Analyst position is a full-time, exempt position eligible for the annual discretionary bonus program. Qualified applicants may submit their resume online.
Santander's Commercial Banking Division is an active provider of capital, treasury management and risk management solutions to thousands of small and mid-sized companies in the northeast and across the country. We also have expertise and provide service to specific industry sectors including real estate, asset based lending, energy, education, health care and government.
Our clients rely on the strength of Santander's balance sheet and the degree to which our relationship managers understand their businesses in order to develop the most relevant and compelling solutions. In addition, Santander's significant international presence in regions around the world uniquely positions us to help companies grow their business, both near and far.
The Credit Officer assists Credit Risk with credit analysis utilizing the Commented Risk Rating to ascertain appropriate risk; underwriting of renewals, modifications and new deals. Supports Relationship Managers for the credit risk component of the NILO document. Reviews closing documents ensuring compliance with covenants and closing conditions are met. Assists with credit and risk management by monitoring assigned portfolio.
Duties and Responsibilities:
Assists with legal closing process, preparing, reviewing, and validating documentation, ensuring compliance and conditions are met
Conducts industry and market analysis to identify issues; conducts third party verification via background, credit and due diligence
Facilitates post loan closing activities and transition to appropriate groups for recording and tracking
Monitors and assesses client financials, collateral, loan covenants and risk ratings on a periodic basis
Prepares approval memorandum (NILO)
Assesses and formally reviews client risk through periodic Audits and Credit File reviews
Communicates with client and Credit Officer regarding covenant exceptions
Manages credit renewal and maturities through continuous monitoring of assigned portfolio
Performs credit analysis and underwriting on all new deals, renewals, maturities and modifications and verifies compliance with credit policy
Prepares Commented Risk Rating and credit component of NILO approval document
Tests for deteriorating credits and increases risk/exposure of assigned portfolio
Visits customers with RMs and independently
At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply.
Bachelor's Degree in Business Administration, Accounting, Finance, Economics or equivalent experience
7-10 years specific experience
Excellent technical and analytical skills
Excellent written/verbal communication and interpersonal skills
Proficiency in Microsoft Word and Excel
Strong organizational and administrative skills
Ability to multi-task
Thorough knowledge of Credit Policy, procedures, regulations and applicable law
Job:Non-Std UW & Risk Analysis
Job Posting:Dec 14, 2017, 4:30:51 PM
AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO
The position of Credit Analyst Officer is responsible for spreading, managing and maintaining financial background information on present and prospective customers, and develops credit studies for the Loan Officers, Chief Credit Officer and other Executive Management. Manages spread assignments, conducts financial analyses, and maintains related records and files. The incumbent is also responsible for the preparation of a variety of credit department reports.
Performs special financial statement analyses, typically involving complex and interlocking relationships.
Assists lending officers on credit matters and loans involving unusual situations or requiring close scrutiny.
Assist in the preparation of any reports required from Credit Administration.
May train selected personnel in credit operations and financial statement analysis
Performs industry analysis and provides recommendations.
Informs CCO/Loan Officers of relevant trends of specific loans, portfolios or industries.
Provides credit information and references for customers, loan officers, or other agencies as requested.
These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.
Bachelor's degree (BA) from a four (4) year college or university
OR four (4) years or more related experience and/or training; or the equivalent combination of education and experience.
Related experience should consist of an in-depth background in financial statement analysis.
Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be applicable to the financial industry.
Ability to spread up to large, complex financial statements and tax returns and complete cash flow forecasting.
Ability to make pertinent comments relating to the current credit risk as reflected by the spread.
Effective oral, written and interpersonal communication skills
Excellent organizational and time management skills.
Ability to work with minimal or no supervision while performing duties.
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