Credit Analyst Ii

POSITION DESCRIPTION

The Credit Analyst II is responsible for spreading and analyzing financial statements to determine the repayment capacity of commercial borrowers and real estate projects; assisting loan officers with preparation of credit memorandums; creating construction draw budgets; and ensuring the loan requests conform to the Credit Policy and State/Federal regulations. The Credit Analyst II will also assist with portfolio management which includes but is not limited to measuring loan covenants, assisting with term loan reviews and problem loan reports, and providing general assistance to the Credit Administrator.

POSITION QUALIFICATIONS

Bachelors degree preferred, plus a minimum of 2 to 4 years of progressively responsible credit analysis experience. An equivalent combination of education and experience may be considered. Ideal candidates are familiar with accounting, business, legal, and lending concepts, and are proficient in spreadsheet and database programs. Skill competencies required include, but not limited to:

• Ability to read, understand and interpret financial statements.
• Strong critical thinking and analytical skills.
• Excellent verbal and written communication skills.
• Effective interpersonal and relationship building skills.
• Strong organizational and multi-tasking skills in a fast-paced environment.
• Proofreading skills with a strong attention to detail.
• Ability to work both independently and as a team player.
• Flawless ethical behavior and understand the need for confidentiality.
• Information technology knowledge is a plus.
• Proficient in Microsoft Office Suite (Outlook, Excel, Word, etc.).
• Must have an overall understanding of bank operations, ensure compliance with regulatory requirements, including the Bank Secrecy Act.

POSITION RESPONSIBILITIES

Responsibility #1 Credit Risk Analysis

Review and analyze the amount of risk within credit relationships. This includes, but is not limited to:

• Analyze financial statements, tax returns, and projections, to determine repayment capacity for Commercial, Commercial Real Estate, and Construction loans. Assess borrower and project strength, profitability, and cash flows. Financial Analysis may be completed within vendor provided solutions such as Sageworks or designed templates in Excel.
• In coordination with Commercial Loan Officers, assist with or independently prepare Credit Write-ups (CWUs), that include detailed financial analyses of business and personal financial statements, fully assessing the overall credit.
• Review Appraisals, Appraisal Reviews, Environmental Reviews, Constructability Reports, and other reports to ensure credit risks are accurately described within the CWUs.
• Create construction budgets and draw worksheets.
• Determine credit quality for loan grading purposes, make recommendations, and identify the potential risks associated with proposed credits.
• Communicate information to the Approval Authority, Loan Processors, and Loan Officers to ensure timely and efficient workflow.

Responsibility #2 Portfolio Monitoring

Reviewing, monitoring and reporting on the banks loan portfolio.

• Maintain tracking systems for various items including policy exceptions, covenants, ticklers, borrowing bases, financials, and other items as identified.
• Monitor the pipeline and workflows for new financial analysis requests.
• Complete testing of financial covenants as defined in the Loan Agreements.
• Facilitate and assist with completion of Term Loan Reviews.
• Collaborate with Loan Officers to identify loans that require risk rating changes and assist with the completion of Supervisory Loan Reports (Problem Loans).
• Collaborate with Loan Officers, Loan Processors, and Servicers to ensure that loans are prepared and documented accurately and in line with approval documents.
• Occasionally assist with analysis/administration of construction loan draws.
• Obtain AVMs for quarterly impairment calculations.

Responsibility #3 Provide General Assistance to the Credit Administrator

Provide general assistance within the Credit Administration Department. Duties may include, but are not limited to the following:

• Assist with ad hoc portfolio reports.
• Research and troubleshoot loan servicing issues.
• Complete loan control reviews as needed.

Other Duties as Assigned

Each employee makes a significant contribution to the success of Sound Community Bank. It is expected that each employee will readily accept additional duties and offer their services wherever and whenever necessary to ensure our success.
Corporate Core Values

Demonstrates behavior and actions which support Sound Community Banks values. Must have an overall understanding of bank operations, ensure compliance with regulatory requirements, including the Bank Secrecy Act.

Compensation

Salary is dependent on experience.

$67,810 - $101,720

Health and Retirement Benefits
Health, Dental, and Vision insurance plans for employee and dependents
Employer-paid Group Life & AD/D insurance
Wellness Program discount towards medical insurance premiums, Employee Assistance Program
401(k) plan options with up to 3.5% employer match and Employee Stock Ownership Program (ESOP)
Voluntary benefits include: Health Savings Account (HSA), Voluntary Life & AD/D, Accident Plan, Critical Illness Coverage, Short-term disability, long-term disability, Flexible Spending Account (FSA) and Dependent Care Account

Time-off Benefits
Two weeks paid vacation, Paid Employee Days for Birthday and Hire Date Anniversary, Paid Sick and Safe Time (7 days per year), Bank Paid Holidays (11 per calendar year)

Other Benefits
We also offer the following (some perimeters apply): Tenure Bonus Program, Continuing Education/Tuition Assistance – up to $2,500 per year, Student Loan Debt Repayment - up to $100 per month, ORCA Passport/Transportation Alternatives/Benefit Allowance, Charitable Donation Matching Program, Gym/Health monthly reimbursement, Pet Insurance monthly reimbursement, Employee mortgage and consumer loans, Banking services (of course!) free of normal service charges, Employee Recognition Program

EEO is the Law
Sound Community Bank is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability status, protected veteran status or any other characteristic protected by law.

HOW TO APPLY
Apply for the position by clicking on the Apply button or visit our Career Center for all open positions at https://www.soundcb.com/about-us/career-opportunities.html