Overview
This role offers remote work opportunities for residents of Arkansas, Florida, Georgia, Idaho, Indiana, Kansas, Kentucky, Michigan, Nevada, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Wisconsin. Applicants must be legally authorized to work in the United States and should not require sponsorship for employment visa status now or in the future.
The Senior Credit Analyst is responsible for credit and collateral risk analysis related to business lending. This position supports the Commercial Credit Manager by analyzing financial information and recommending loan structures. The role includes portfolio management, pipeline oversight, and guidance to the Sales and Collections teams. Additionally, the analyst manages Small Business Administration (SBA) lending in accordance with SBA guidelines and product offerings.
Responsibilities
- Complete underwriting and due diligence for business loans professionally and effectively (approximately 40% of time).
- Approve or deny business loan requests within authorized lending limits based on underwriting results.
- Analyze financial statements, tax returns, environmental studies, appraisals, and other documents to assess business loan risks.
- Prepare credit memorandums and recommend/manage loan covenants, collateral controls, and loan structures.
- Evaluate appraisals, environmental assessments, construction reports/contracts, and participation agreements as needed.
- Collaborate with external agencies providing government guarantees or third-party underwriting support.
- Review and manage documentation related to government lending programs such as SBA loans.
- Underwrite incoming SBA loan requests and maintain current knowledge of SBA lending practices and procedures.
- Assist and train department staff on government lending programs.
- Communicate clearly and accurately with management regarding federal and state regulations affecting business lending.
- Manage the existing business loan portfolio efficiently, including timely collection of financial statements, loan renewals, and annual reviews (approximately 30% of time).
- Monitor expiring and at-risk loans for financial deterioration and recommend risk rating adjustments.
- Recommend corrective actions and initiate loan workout processes when necessary, with management support.
- Provide periodic updates on portfolio management metrics and utilize loan origination system tools for tracking.
- Participate in cross-functional teams for special projects related to core systems, policy development, training, and audits (approximately 15% of time).
- Oversee loan documentation processes and coordinate with the Sales Team to ensure timely loan closings and renewals (approximately 10% of time).
- Maintain accurate loan files and documentation within the Business Loan Origination System.
- Establish and maintain effective communication and coordination with internal personnel and management (approximately 5% of time).
- Support related departments and branches as needed.
- Keep management informed of activities and significant issues.
- Attend meetings and complete required reports and records.
Requirements
Education
- Bachelor's degree in a business-related field or three years of related work experience.
Experience
- Minimum of 3 years of experience in accounting or financial analysis.
- Minimum of 3 years of business underwriting experience in a bank or credit union.
Knowledge, Skills, and Abilities
- Advanced understanding of GAAP accounting, federal and state tax structures, legal entities, real estate appraisals, and environmental reviews.
- Strong analytical skills and ability to assess creditworthiness.
- Excellent communication and public relations skills.
- Proficient in using financial calculators, computer applications, and business machines.
- Ability to prepare clear and accurate memos, reports, and essays with proper grammar.
Competencies
- Problem Solving
- Drive for Results
- Dealing with Ambiguity
- Time Management
- Demonstrates Courage
- Interpersonal Savvy
- Customer Focus
- Integrity and Trust
- Self-Development
- Business Acumen
Mental Requirements
- Ability to handle a variety of variables with limited standardization.
- Ability to interpret instructions and compute financial calculations such as discount, interest, profit, loss, ratios, proportions, and percentages.
Physical Demands
- Effective communication skills, including conveying detailed information accurately and promptly.
- Ability to hear normal conversations and receive information.
- Frequent use of wrists, hands, and fingers.
- Visual acuity sufficient to prepare or inspect documents.
- Sedentary work with occasional exertion of up to 10 lbs.
Working Conditions
- Work is primarily performed in a climate-controlled office environment with moderate noise from office equipment.
- No significant environmental hazards are expected.
- Some travel may be required.
- Work hours may be unpredictable and occasionally extended to meet deadlines or attend meetings.
Equal Opportunity
The employer is an Equal Opportunity Employer and considers applicants without regard to veterans status or disability.