Senior Credit Analyst

posted:
Location
Kalispell, Montana
Industry
Banking (Business and Financial Operations Occupations)
Job Type
Full-Time
Working Hours
8:00 AM - 5:00 PM
Salary
US$ 46,000 - US$ 70,000 per year
Ref. Number
S_50535
Contact
Nikki Demars, Spherion
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Job Description

Lead role in providing financial analysis and the credit approval document for Business loans and the Business Lending department. Provide accurate and prompt analysis of financial statements and tax returns with succinct written narratives. Review credit relationships for strengths and potential weaknesses. Assist with training of less experienced credit analysts. Review of work product from other analysts and officers to ensure accurate, fair and consistent credit approval documents. Ensure that departmental goals are met in terms of quality, quantity, and timeliness of credit approval documents and annual reviews. Assist in site visits and monitoring of collateral as necessary

Responsibilities:
-Spread tax returns, financial statements, debt schedules, projections and other information that is necessary and relevant to analyze the request.
-Prepare financial analysis and completion of credit approval document.
-Research business and industry background and economic outlook as necessary and appropriate.
-Use all available financial information to include RMA comparisons and other assumptions/projections (as applicable) to analyze all entities that contribute or use cash and determine what is reasonably available for debt service at both individual and globalized levels using EBITDA and/or UCA analysis as appropriate.
-Analyze trends shown in the analysis.
-Highlight and note inconsistencies and information gaps in documents provided by Commercial Business Loan applicants.
-Pull credit reports and have the ability to read and understand the information they provide.
-Photograph and inspect collateral at the Commercial Loan Officer's request.
-Assist in maintaining an up to date and accurate database of all financial reporting requirements and other loan covenants.
-Copy, download and scan Commercial Loan applicants: personal and business financial statements as needed.
-Provide financial analysis as needed by Member Service Representatives and Residential underwriters for business applicants and/or applicants with complex financial information.
-Assist Commercial Loan Officers as needed, including following up with accountants, bookkeepers, insurance agent and/or the loan applicants to obtain necessary additional information.

Working hours: 8:00 AM - 5:00 PM

Skills:
-Ability to communicate effectively in person, in writing and over the phone with all internal and external stakeholders. Courtesy and tact are essential.
-Ability to create clear, accurate, consistent and timely financial analysis and credit approval document(s).
-Ability to think logically and practically before making decisions. Use of independent thought, originality, and reasoning.
-Ability to prioritize work and oversee multiple simultaneous projects.
-Strong mathematical skills.
-Strong accounting, business analytical and organizational skills.
-Proficient in Excel & Word.

Education:
Bachelors

Experience:
4-7 years

Qualifications:
-Associate's or Bachelor's degree in Finance, Economics or Business preferred.
-3-5 years professional experience in Financial Analysis of small businesses is preferred.
-Working knowledge of various business entity types and documentation requirements for each type of entity
-Working knowledge of requirements and processes necessary to perfect liens on all types of collateral.
-Working knowledge of various government lending programs preferred.
-Prior experience using Credit Quest preferred.


Apply online today at www.spherion.com/apply/75034

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