Credit Analyst

The Bank of New Glarus•New Glarus, WI

3d•Onsite

About The Position

Department: Loans FLSA Status: Non-exempt, Full Time Location: New Glarus, Highway Branch This position is responsible for the collection and tracking of all the Bank’s borrowers/guarantors required financial information to support new and ongoing extensions of credit. Accountable for performing an in-depth analysis of this data, as well as an assessment of current or changing borrower/guarantor risks. Through a defined internal process, reviews on an ongoing basis each assigned credit file’s underwriting documentation for compliance to the Bank’s Loan Policy and regulations and ensures the Bank’s collateral position is properly denoted. This position supports lenders with proper loan structuring and underwriting documentation, Loan Committee approvals (write-ups) and annual reviews of existing credits. The Credit Analyst must have a working understanding of the Bank’s core loan system, and a strong knowledge of credit supporting systems, such as the Bank’s spread and tickler tracking software, flood certification website, Credit Bureau provider, WDFI’s UCC name/lien searches, etc.

Requirements

Aptitude to effectively present information and respond to questions from a wide array of constituents, such as a Board of Directors, peers, staff, customers and the general public.
Ability to add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals. Proficient at completing complex fractions, percentages, rate and ratios.
Aptitude to create basic to complex spreadsheets, and an ability to prepare and interpret statistical information or graphs, while proficiently applying these mathematical concepts to work at hand.
Ability to define problems, collect data, establish facts and draw valid conclusions. Ability to solve practical and/or abstract problems and deal with a variety of variables and situations where only limited standardization may exist.
Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form.
10-Key Calculator, Keyboarding, Knowledge of Personal Computer, and Wide Array of Software Applications (Word and Excel). Working Knowledge of LAN and WAN, Internet
Relevant Bachelor’s Degree (BA) from a four year college or university preferred.
5 years or more of related experience and/or training.

Responsibilities

Collect and analyze information that reflects the current credit worthiness of existing and new loan customers, including credit bureau reports, financial reports, cash flow analysis and ratio analysis. On an ongoing basis primary employee to monitor the merits of existing credit extensions.
Prepares necessary disclosures in accordance with the regulatory requirements, including content and timing.
Helps promote a culture of regulatory compliance and safe and sound financial practices.
Knows and strictly follows all security, compliance, regulatory, internal control procedures, policies, and laws.
Complete financial spreads and credit scoring for all business loans.
Support and assist lenders in proper loan structuring, underwriting, and respective Loan Committee approvals (write-ups). Upon approval and request from lender, responsible for the completion of commitment letters.
Responsible for preparing and sending out letter requests for required customers’ financial data, and ensures current data is imaged into the Bank’s imaging system, and old data is removed, per the Bank’s record retention policy.
Demonstrate an expert level understanding of the loan policy.
Participate in business calls and/or customer meetings with loan officers.
Responsible for preparing the formal engagement letter to order an appraisal or evaluation. Complete a documented review all Appraisals and Evaluations upon receipt, for Accuracy and Completeness
The primary contact with Bankers Bank for all Business Credit Card applications and questions.
Responsible for continual monitoring of covenants, tracking compliance, submission of required reports, along with any follow-up work required for loans with a government guarantee, or special Bank loan agreement covenants to include, but not limited to, Debtor’s Certificates, interim financial information, special insurance requirements, loan agreement covenants, and special collateral assignment tracking.
Responsible for the credit underwriting, negotiating of acceptable terms with respective lead bank, and the ongoing monitoring of loan participations purchased. All file documentation is to mirror the lead bank and will follow this protocol for approval.
Assist Sr. Vice President /Chief Credit Officer in the preparation of reports needed for lenders, Loan Committee, Board, examiners, and/or auditors, as assigned, to augment loan review, documentation assessment, and other loan area tracking.
All work completed for the Bank both in the credit area, and other areas of the Bank, will follow established policies and operating procedures, which are consistent with the Bank's overall policies and operating objectives.
When appropriate and the opportunity arises, sell Bank products and services by clarifying customer's needs, validating services being delivered, presenting features and benefits, and closing by asking for the business and referring to the appropriate team member to complete the transaction.
Treat all customer inquiries, questions and complaints with respect and follow through. Maintain the Bank's goal to be accessible to the customer and always provide premium service.
Continue to develop skills in all areas of product knowledge, documentation, selling and general banking through in-house training, bank related seminars, classes, periodicals and/or schools.
Be a team player. Maintain a positive work atmosphere by acting and communicating in a manner so that you get along with customers, co-workers and managers.
Maintain a high level of ethical behavior within the banking profession
Be aware of and support the Bank's efforts in meeting the Community Reinvestment Act (CRA).