The Commercial Credit Associate aids in credit training, prepares credit packages, conducts financial analyses, and follows credit policies, ensuring timely underwriting requests.
Job Summary & Responsibilities
Responsibilities include but are not limited to:
- Participates in credit training classes with proficiency evaluated through graded case work and testing. Training requirements, assigned tasks, and performance expectations must be met to proceed in the program.
- Prepares basic credit packages including credit analysis for extensions, modifications, and renewals of existing loan facilities and new loan requests.
- Spreads business financial statements using the Baker Hill/One Point system.
Analyzes a company's operating performance and financial condition to understand business trends and to identify credit risks. - Conducts cash flow analysis to evaluate loan repayment ability.
- Spreads and analyzes personal financial statements to evaluate personal liquidity, personal debt levels, and contingencies.
- Assesses collateral coverage.
- Performs industry/market analysis to identify industry trends and risks.
- Prepares loan offering and related forms for the credit package.
- Identifies and reports credit policy and underwriting experience.
- Completes underwriting requests within expected timeframes to meet assignment deadlines.
- Understands credit policies and is able to follow department procedures.
Required Skills:
- Strong analytical abilities and problem solving skills.
- Strong organizational skills with attention to detail.
- Excellent communication skills; express ideas and convey technical information in writing and verbally.
- Proficient in Microsoft Word and Excel and performing internet searches.
- Basic math skills including the ability to compute ratios.
- Ability to work in a fast paced environment and move quickly through assignments to ensure deadlines are met.
- Ability to work effectively with individuals and groups to manage internal and external customer relationships.
- Ability to read, interpret, and comprehend policies, procedures, and training materials.
Required Experience:
- Bachelor's Degree in a related discipline preferably in Business, Accounting, or Finance.
Completion of at least two college level accounting classes and one college level finance class preferred. - Minimum 3.0 GPA preferred.
- Completion of a business related internship preferred.
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