Credit Analyst II at Chelsea State Bank

Chelsea, Michigan, United States -

Full Time

Start Date

Immediate

Expiry Date

10 Jul, 26

Salary

0.0

Posted On

11 Apr, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Credit Analysis, Financial Statement Analysis, Loan Underwriting, Collateral Evaluation, Risk Assessment, Regulatory Reporting, Problem Solving, Analytical Skills, Communication Skills, Banking Regulations, Bank Secrecy Act, Loan Portfolio Management, Tax Return Analysis, Organizational Skills

Industry

Banking

Description

Description Summary: Responsible for analyzing and monitoring the credit worthiness of the Bank’s customers. Analyzes financial statements, tax returns, and bank references to evaluate the financial condition of individuals and businesses applying for credit with the Bank. Assists in underwriting loan structures within established Bank guidelines. Oversee collateral evaluation processes for new and existing collateral. Essential Duties: Minimum of 2-3 years of experience as Credit Analyst Obtains loan request information from commercial lender or borrower to analyze credit information, financial statements and other related information pertaining to the loan. Researches background documentation and reviews personal and business financial statements and tax returns. Analyzes financial information and prepares the preliminary analysis for the lender. Requests and obtains financial statements on existing borrowers. Reviews and prepares written analysis, spreadsheets, reports, summaries and opinions. Prepares or assists in the preparation of loan memorandum for presentation to lenders and/or loan committees. Reviews loan files to ensure the completeness of the file and that all collateral has been secured properly. Assists lenders with calls on past-due loans as assigned by senior management with the bank’s loan portfolio. Updates collateral values, as needed on delinquent loans and assists with preparation of quarterly Problem Loan Reports. Follows all applicable laws and regulations. Assists Credit Officer with regulatory reporting to senior management, Board of Directors, internal audit, Federal, State and compliance regulators. Answers telephone or written inquiries concerning loan processing and information. Comply with all bank policies, regulations and laws applicable to carrying out duties and responsibilities, including but not limited to the Bank Secrecy Act. Regular attendance is an essential function. Other duties as assigned. Requirements Bachelor’s degree preferred Good organizational and analytical skills Effective oral and written communication skills Banking experience preferred Proven problem solving skills

Responsibilities

The Credit Analyst II is responsible for evaluating the creditworthiness of bank customers by analyzing financial statements, tax returns, and collateral. They also assist in underwriting loan structures and preparing detailed reports for lenders and loan committees.