Credit Analyst - FineMark at Commerce Bank

Scottsdale, Arizona, United States -

Full Time

Start Date

Immediate

Expiry Date

01 Apr, 26

Salary

0.0

Posted On

01 Jan, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Credit Analysis, Financial Analysis, Loan Administration, Documentation, Report Writing, Data Analysis, Communication, Attention to Detail, Problem Solving, Teamwork, Microsoft Word, Microsoft Excel, Microsoft Teams, Microsoft Outlook, Customer Service, Mathematical Concepts

Industry

Banking

Description

About Working at FineMark Bank and Trust, a division of Commerce Bank FineMark Bank & Trust, a division of Commerce Bank, delivers exceptional service in banking, trust, and investments, fostering long-lasting client relationships. We provide a workplace grounded in integrity, teamwork, and an entrepreneurial spirit, where associates are empowered to contribute and serve with purpose. Our culture is rooted in doing what is right, with an emphasis on thoughtful innovation, sound decision-making, and delivering the highest level of service to our clients. About This Job The main purpose of this job is to draft credit write-ups for commercial, consumer and residential loans. This role also inputs financial reports to analysis software, prepares financial analysis, and conducts credit investigations. Aids with the maintenance of loan requirements, loan portfolio monitoring and reports. Essential Functions Draft credit write-ups in standard format. Prepare summary of facts concerning credit worthiness for new, renewal, and extension loans based on Loan Officer input and analysis of financial data. Track and enter customer information, financial statements, tax returns and related material using designated software or other analysis programs. Analyze financial conditions and collection trends, reviews, and reports non-compliance with loan covenants. Create and generate reports to analyze the overall financial condition of the loan portfolio utilizing report writing software. Assist to identify any changes in the portfolio’s condition. Conduct periodic reviews of credit files and document files to ensure maintenance of required documentation relative to the Bank’s established standards and annual internal/external audits of the loan portfolio and loans pledged as collateral to the Federal Home Loan Bank (FHLB) Prepare FHLB qualifying loan reports each month for prior month’s mortgage originations to determine their eligibility as collateral under FHLB funding guidelines Order appropriate documentation based on approved credit arrangement sheet and prepare documentation request for submission to loan processing Assist loan officers with financial analysis questions Back-up loan administration with all facets of the loan documentation process Maintain profitability updates; prepare correspondence and handle various projects assigned by manager, supervisor, or loan officers Complete loan packages in accepted internal format and respond to questions from Loan Administration Communicate directly with the applicant/customer regarding application and/or loan related questions, if requested by Loan Officer Attend educational programs appropriate to current or future responsibilities Perform other duties as assigned Knowledge, Skills & Abilities Required Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or government regulations Ability to write reports, business correspondence, and procedures Ability to effectively present information and respond to questions from groups of managers, customers, the public or professional peers Ability to work with mathematical concepts such as statistical inference and apply concepts such as fractions, percentages, ratios, and proportions to business related situations Aptitude for detecting errors or deficiencies in the customer’s financial statements, analyze cash flow and bring to the attention of the loan officer Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form Ability to create new word processing and spreadsheet files using generally accepted formats Ability to use database programs and other banking specific programs and to access reports, use software documentation and help features Aptitude for learning advanced features and specialized software programs Ability to prepare loan packages and understand financial analysis preferred Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities Inquisitive, agile, and strong team player with excellent written, verbal, and interpersonal communication skills Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values Intermediate level proficiency with Microsoft Word, Excel, Teams, and Outlook Education & Experience Bachelor’s degree in Business or equivalent combination of education and experience required 2+ years related experience preferred Credit analysis, banking, loan administration and financial statement analysis experience preferred The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits. Click here to learn more. Location: 7600 East Doubletree Ranch Road, Suite 100, Scottsdale, Arizona 85258 Time Type: Full time Commerce Bank has been awarded numerous awards for our company culture. We have been included on distinguished lists such as Forbes’ Best Midsized Employers, Forbes’ Best Employers for Women, and Korn Ferry’s Engaged Performance Award. You’ll see the difference for yourself when you join the team. Why Commerce? Inclusion at Commerce How to Join Our Team Want to be notified of positions that fit your preferences? Follow these easy steps: Create a Candidate Account at the top of the page by selecting "Sign In" upper right corner Sign-up up for Job Alerts We’ll contact you about positions that match your skills and interests Equal Opportunity Employer Commerce Bank is proud to be an Equal Employment Opportunity employer and believes that every individual should have the opportunity to work at a job for which he, she or they qualifies. We celebrate diversity and do not discriminate based on race, color, ancestry, ethnicity, gender identity, gender expression, sex, sexual orientation, disability (including physical or mental handicap), age, veteran status, military status, national origin, religion, pregnancy status, marital status, genetic information, or any other status protected by applicable federal, state or local law.

Responsibilities

The Credit Analyst is responsible for drafting credit write-ups for various types of loans and conducting financial analyses. This role also involves monitoring loan portfolios and ensuring compliance with loan requirements.