Commercial Credit Analyst jobs in Kentucky
Commercial Credit Analyst collects, reviews, and analyzes data to prepare a detailed credit analysis that evaluates the terms and creditworthiness of commercial loan applications. Uses multiple sources of information, including financial statements, collateral appraisals, credit scores, and cash flow analysis, to assign risk ratings to loans and complete an analysis of the applicant's financial status. Being a Commercial Credit Analyst calculates debt-to-income (DTI) ratios to evaluate an applicant's ability to repay the loan. Prepares credit memos in a standardized format that includes key ratios, supporting information, an executive summary, and objective recommendations. Additionally, Commercial Credit Analyst presents credit reports to loan officers and loan committees. Requires a bachelor's degree. Typically reports to a supervisor or manager. The Commercial Credit Analyst work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Commercial Credit Analyst typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Recently Added Commercial Credit Analyst jobs
Commercial Credit Analyst II
- Commonwealth Credit Union
-
Frankfort, KY
FULL_TIME
-
Job Details
Description
Our goal is to be an Employer of Choice, and it takes all of us to achieve this. That's why all Commonwealth Credit Union team members are expected to live our Team 1 culture in all facets of their position. This includes our commitment to Diversity, Equity, Inclusion, Accessibility, and Belonging.
At Commonwealth Credit union, we are united in our Common Purpose to Better Lives through OUR PASSION to Serve. This includes everyone, from our team members to the people in the communities we serve. That’s the emphasis of our Team 1 Culture. Together Everyone Achieves More. We believe We Better Lives when we cultivate diversity, promote equity, foster inclusion, are intentional about accessibility, and provide an environment where everyone feels like they belong. That’s an Extraordinary Experience. That’s Bettering Lives. That’s Team 1.
The Commercial Credit Analyst II position is responsible for analyzing credit and financial reports to determine risk involved in loaning money or extending credit to individuals, businesses and institutions. Scrutinizes financial data such as tax returns, balance sheets, income statements, personal financial statements, appraisals, and environmental reports to evaluate risk and ability to repay. Completes timely and accurate annual reviews and potential site visits on borrowers with business loans to assign appropriate risk ratings and identify any deteriorations or change in capacity to meet terms and related covenants of the loans. Prepares reports to summarize the financial status of borrowers, quality of collateral, and generally accepted elements of loan presentations. Underwriting approval authority is granted up to a maximum amount as stated in Business Loan Policy. Ensures compliance with Credit Union policies and procedures, NCUA guidelines, and all applicable state and federal laws.
The duties of a Commercial Credit Analyst II include, but are not limited to:
Credit Analysis- Using department workflow solutions to perform independent credit analysis, which includes the analysis of any and all applicant financial statements, tax returns, profit & loss statements, spreadsheets, account receivables, collateral analysis, and any other type of financial documents deemed necessary for completion of the analysis.
- Assisting the Commercial Loan Officer in ensuring all financial information is collected for the credit analysis process.
- Communicating any additional documents needed to loan officers and members to successfully complete a full financial package necessary for adequately defining the Credit Union’s risk related to a loan decision and assigning proper risk ratings to each loan.
- Keeping up to date with innovative and best-practice cash flow solutions within the industry
- Seeking to create efficiencies in the cash flow analysis for the credit union.
- Following all Credit Union policies, procedures, and regulations during the cash flow process.
- Prepares Loan Presentation memos using the information obtained in the credit analysis. This includes --
- A clear and concise summary of the borrower structure, borrower/co-borrower/guarantor experience and credit history
- Credit Union loan and deposit relationship summary
- Detailed explanation of the loan request along with sources and uses of cash flow
- Identification of the primary source of cash flow and any secondary sources and analysis of the cash flow summary with any visible trends
- Capital strengths and weaknesses of the applicants
- Summary of any collateral
- Economic, environmental, and geographical conditions present that may directly impact the credit
- Risk rating analysis
- Listing of strengths, weaknesses and pending items
- Anticipating Member Business Lending Committee questions and building them into the Loan Presentation form.
- Conducting site visits of collateral from time to time to add to the Loan Presentation.
- Performing annual reviews of existing loans in the portfolio, including a reassessment of the risk of the loan relationship. The annual review consists of a full underwrite of the loan, including a new cash flow analysis of updated financial data.
- Assisting in the collection of financial information for annual review purposes and managing Annual Review tracking, reporting progress to the Commercial Lending team.
- Working directly with the Commercial Lending Manager, the SVP of Commercial Services, and the Commercial Loan Officer(s) to manage the commercial loan portfolio.
- Maintaining constant and consistent communication with the team members of the department. Effective and efficient communication is a primary function of this position.
- Collaborating closely with additional Commercial Credit Analysts to manage the analysis of the commercial pipeline.
- Communicating directly with member and non-member loan applicants.
- Working with the Commercial Loan Officer(s) to present loans clearly to the Member Business Lending committee for decisioning.
- Offering guidance, support and knowledge to other staff, demonstrating strong communication skills with limited direction or supervision.
- Just Posted
Commercial Credit Analyst II
- Commonwealth CU
-
Frankfort, KY
FULL_TIME
- Our goal is to be an Employer of Choice, and it takes all of us to achieve this. That's why all Commonwealth Credit Union team members are expected to live our Team 1 culture in all facets of their po...
- 24 Days Ago
FT Commercial Credit Analyst
- German American Bank
-
Owensboro, KY
FULL_TIME
- Summary of Duties and Responsibilities: In your role as Commercial Credit Analyst, you will assist loan officers by assessing the financial condition and repayment capacity of business customers, as w...
- 16 Days Ago
Commercial Lender
- Abound Credit Union
-
Radcliff, KY
FULL_TIME
- Commercial Lender (Elizabethtown Area)Abound Credit Union has an opportunity to join an established, well-recognized industry leader located in the heart of the expected economic explosion related to ...
- Just Posted
Sr. Regional Commercial Banker
- Heritage Federal Credit Union
-
Owensboro, KY
FULL_TIME
- Want to start your career with Heritage Federal Credit Union! If so, we have an opportunity waiting for you! Join our team at Heritage Federal Credit Union as an Sr. Regional Commercial Banker and exp...
- Just Posted
Credit Control Analyst
- ClickJobs.io
-
Somerset, KY
FULL_TIME
- Core3 are delighted to recruit a Credit Control Analyst for one of the UK's leading organisations based in Bristol.Why join our client?This is an amazing opportunity for an ambitious individual to mak...
- Just Posted
Commercial Credit Analyst jobs at Popular Companies
CRE Commercial Credit Analyst
- Selby Jennings
-
Indianapolis, IN
- Responsibilities: Specializes in analyzing CRE and multifamily loans. Reviews members other real estate related collater...
- 6/2/2024 12:00:00 AM
Commercial Credit Analyst
- Westmark Credit Union
-
Idaho Falls, ID
- Discover the Westmark Difference!! Are you looking for a career? Do you want to be valued as an individual on a team? Do...
- 6/1/2024 12:00:00 AM
Commercial Credit Analyst
- Ascendo Resources
-
- Our client is seeking a Commercial Credit Underwriter who will work primarily on credit analysis and underwriting of Mul...
- 5/31/2024 12:00:00 AM
Commercial Credit Analyst
- First Volunteer
-
Chattanooga, TN
- A Commercial Underwriter with our growing bank is responsible for working with Credit Officers and Commercial Banking Ad...
- 5/31/2024 12:00:00 AM
Commercial Credit Analyst II
- Maine Community Bank
-
Westbrook, ME
- Job Type Full-time Description Position Title: Commercial Credit Analyst II Department: Credit Administration Reports To...
- 5/31/2024 12:00:00 AM
Commercial Credit Analyst II
- Commonwealth Credit Union
-
Frankfort, KY
- Our goal is to be an Employer of Choice, and it takes all of us to achieve this. That's why all Commonwealth Credit Unio...
- 5/31/2024 12:00:00 AM
Commercial Credit Analyst
- Monson Savings Bank
-
Wilbraham, MA
- If you're an experienced Commercial Credit Analyst interested in working for a local, community bank, then this is the p...
- 5/30/2024 12:00:00 AM
Commercial Credit Analyst II
- Maine Community Bank
-
Biddeford, ME
- Job Type Full-time Description Position Title: Commercial Credit Analyst II Department: Credit Administration Reports To...
- 5/29/2024 12:00:00 AM
About Kentucky
Kentucky (/kənˈtʌki/ (listen) kən-TUK-ee), officially the Commonwealth of Kentucky, is a state located in the east south-central region of the United States. Although styled as the "State of Kentucky" in the law creating it, (because in Kentucky's first constitution, the name state was used) Kentucky is one of four U.S. states constituted as a commonwealth (the others being Virginia, Pennsylvania, and Massachusetts). Originally a part of Virginia, in 1792 Kentucky became the 15th state to join the Union. Kentucky is the 37th most extensive and the 26th most populous of the 50 United States.
Ke...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Credit Analyst jobs
$49,763 to $65,161
Most Popular Cities in Kentucky for Commercial Credit Analyst Jobs
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