Credit Analyst II - Onsite

at  Bank of Ann Arbor

Description:
The Credit Analyst will be responsible for conducting in-depth industry and financial analysis of existing and potential borrowers while providing a high level of quality service to all customers. Working closely with Loan Officers to process requests for financing from inception through payoff, including renewals and modifications of new and existing loans. Preparing timely and insightful credit analysis applications for a diverse, medium to high complexity, and sophisticated portfolio of commercial & industrial, commercial real estate, and private banking / professional services commercial loan customers.
Requirements:
This position also works cooperatively to support the Lending and Credit functions of the Bank, including, but not limited to:
1. Create thorough and concise analyses of the risks and mitigants of pending commercial loan requests by reviewing and analyzing the borrower’s financial statements, including but not limited to; income statements, cash flow statements, balance sheets, tax returns, personal financial statements, real estate and C&I collateral appraisal reports, and environmental assessment reports.
2. Conduct assessments of collateral and guarantor financial condition and analysis of the market (customers) and industry (competition, suppliers, substitutes, and potential new entrants) and management teams and/or deal sponsors.
3. Provide independent recommendations to credit and lending management on whether to approve or renew loans, modify terms of existing loans, maintain or change risk ratings of existing loans, and otherwise suggesting the appropriate credit action.
4. Conduct independent and objective annual reviews of existing loans as well as scheduled and unscheduled loan reviews of the existing portfolio.
5. Review approval conditions vis-a-vis the loan documentation for existing loans to ensure integrity of the credit process.
6. Evaluate and opine on appraisals and environmental reports as part of the underwriting analysis.
7. Participate as a member of the Loan Committee.

DIFFERENTIATING SKILLS

• Bachelor’s Degree in Accounting, Finance, or Economics is preferred. MBA or similar advanced degree or coursework is a plus.
• ?3 years relevant experience is required with a preference for direct credit analysis experience in a commercial lending environment or financial analysis in an investment management, finance, accounting or comparable field.?
• ?An acute comprehension of GAAP.
• Advanced financial modeling skills are required.?
• ?The successful completion of a formal credit /?financial analyst training program is strongly preferred.?
• ?Proficiency with Microsoft Office products (Word, Excel?) and financial statement spreading software is required. Familiarity with Abrigo/Sageworks is beneficial but not required.
• Strong writing skills.

SOFT SKILLS

• You should be naturally inquisitive with a problem-solving mindset, be flexible and able to adapt to frequently changing priorities and have a positive attitude and ability to complete work within the required, often fast-moving timelines.
• Good organizational skills and the ability to multi-task are essential.
• Position requires the capacity to provide guidance to more junior credit analysts

FUNCTIONAL SKILLS

• Functional/technical learning
• Basic understanding of risk & controls
• Detailed oriented
• Service level driven
• Understands business process

The Credit Analyst II will train/coach less experienced analysts, and provide a daily advisory role and peer support for other analysts.