Credit Analyst

Lake Ridge Bank is in search of a Credit Analyst to join our underwriting team! The Credit Analyst will be responsible for spreading financial statements as required by Lake Ridge Bank loan policy. In addition, this role will analyze and underwrite commercial credits and partner with Underwriters and Business Relationship Managers in making credit decisions.

Financial Analysis

• Accurately spread ‘raw’ business and ag financial statements into financial spreading software as collected (includes tax returns, balance sheets, profit & loss statements, aging reports and projections).
• Verify accuracy and research discrepancies in ‘raw’ statements.
• Provide credit analysis and identify trends based on collected financials and spreads on an ongoing basis for existing customers to Business, Commercial & Ag Bankers.
• Monitor and verify borrowing base certificates and other loan covenants. Report findings to Underwriting Teams.
• Maintain financial tracking system upon the waiver or change in financial tracking requirements.
• Monitor and verify ongoing collection efforts.
• Set up new customers on financial tracking system and set up ticklers for future collection.

Underwriting and Approval Process

• Underwrite and facilitate new and renewal credits where the aggregate debt is generally at or below $1MM, and other less complex credits as assigned by the Small Business Underwriting Manager.
• Collaborate with Underwriting Teams acting as a liaison between Business, Commercial & Ag Banker, Commercial Production staff, Credit Risk Department and other internal staff members as necessary
• Ensure proper documentation of loan file via a loan proposal and post approval due diligence.
• Work with third party individuals as needed such as evaluation/appraisal orders and environmental due diligence.
• Full Knowledge of the Small Business Model (SBM) & Small Ag Model (SAM) systems and how they facilitate loans quickly through the overall loan process.

Adhere to all Bank Security/Compliance Regulations

• Complete all annual bank security and compliance training.
• Adhere to Bank Security/compliance and policy guidelines for commercial production and/or loan area
• Maintain confidentiality of customer information at all times.
• Stay current on all compliance regulations

• Associates degree in Finance, Accounting, Business and/or similar field of education and/or three (3) years previous work experience in a lending environment
• Solid understanding of financial statements including but not limited to tax returns, profit & loss statements, income statements, balance sheets, and other business financials
• Well-developed interpersonal and communication skills (verbal & written) in order to communicate and relate effectively with customers and associates
• Good accounting/math skills with the ability to work precisely with numbers and financial calculations
• Strong attention to detail with the ability to work efficiently & accurately
• Demonstrated ability in exercising independent judgment
• Strong organizational skills, including the ability to prioritize and remain calm while working in a fast paced/deadline driven environment
• Good working knowledge of Microsoft Office Suite, proficient typing/keyboarding skills and the ability and willingness to learn new programs and software
• Ability to maintain confidential customer information
• Ability to read, write, understand and speak English clearly
• Ability to represent the organization in a professional, positive manner

PREFERRED QUALIFICATIONS:

• Bachelor’s degree in Accounting or Finance
• Previous experience in credit analysis or commercial underwriting within a financial institution
• Previous work experience in accounting and / or working with business financial statements
• Previous experience working in a lending environment, preferably in a financial institution setting

This position is a full time position with hours of 8am – 5pm Monday-Friday with the flexibility.

Lake Ridge Bank values a diverse workforce and is an Affirmative Action/Equal Opportunity Employer.

Consistent with Lake Ridge Bank’s commitment to employ and advance qualified individuals with disabilities, Lake Ridge Bank provides reasonable accommodation to apply for or perform a job. Some examples of reasonable accommodation include alternate methods to apply, providing documents in an alternate format, altering work procedures, specialized equipment or use of an interpreter. If an individual needs reasonable accommodations to apply or perform a job here at Lake Ridge Bank, please contact Human Resources at (608) 849-2700 or email us.