Commercial Credit Analyst

Function:

The Commercial Credit Analyst supports the Bank’s lending team by analyzing financial information credit data for new and existing commercial loan customers. This role is critical in helping the bank assess the risk and viability of commercial loan relationships which ensures sound credit decisions that align with the bank’s credit policies and overall risk appetite.

Duties and Responsibilities:

1. Analyzes tax returns, financial statements, cash flow, and other relevant data related to loan requests which is used to assess the creditworthiness of commercial loan borrowers.

2. Prepares detailed credit presentations and memorandums with recommendations for approval, modification, or denial.

3. Performs various economic and industry related analyses to identify potential risks and opportunities.

4. Assists loan officers in structuring credit facilities that meet the bank’s risk standards. Includes completion of credit presentations and annual reviews.

5. Monitors existing loan relationships for annual reviews, covenant compliance, and risk rating evaluations.

6. Maintains accurate credit files and ensures all documentation complies with regulatory requirements and internal bank policies and procedures.

7. Supports lending department and management with examiners and auditors during reviews.

8. Keeps up to date on regulatory requirements, best practices regarding underwriting and credit risk, policies and procedures to comply with federal and state banking regulations.

9. Compliance with the Bank Secrecy Act, OFAC and USA Patriot Act including (but not limited to) Customer Identification Program, customer due diligence, identifying red flags and reporting unusual activities to the BSA Department.

10. Maintains accurate records and files.

11. Keeps abreast of regulatory requirements of the position and the Banks’ policies and procedures.

12. Performs other duties as assigned or required.

Education & Experience:

Bachelor’s degree in accounting, Finance, Economics, or Business Administration; and/or a minimum of four years’ financial services experience.

Advanced degree or formal credit training is a plus.

2 years of experience in commercial credit analysis, preferably with a community bank or regional financial institution.

Knowledge, Skills & Abilities:

1. Strong knowledge of accounting principles and financial statement analysis.

2. Proficiency with banking software systems

3. Excellent analytical, organizational, and communication skills.

4. Ability to work independently and collaboratively in a team focused environment.

5. Understanding of local market conditions and business environment.

6. Commitment to the community banking model and customer service excellence.

Physical Demands & Work Environment:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

Ability to use fingers and hands

Ability to see, hear, talk, read, and write

Ability to sit, stand, walk, stoop, kneel, and bend

Ability to reach with hands and arms

Use office equipment: computer, telephone, calculator, fax machine

Ability to lift/move 25 pounds.

Iron Workers Bank (IWB) is an equal opportunity employer and is committed to providing equal employment opportunity for all qualified persons. IWB will recruit, hire, train and promote persons in all job titles, and ensure that all other personnel actions are administered, without regard to race, color, religion, creed, sexual orientation, national origin, citizenship, gender, gender identity, age, genetic information, marital status, disability, covered veteran status, or any other legally protected status

As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Iron Workers Bank currently or in the future.

Pay: $70,000.00 - $75,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Work Location: In person