Credit Analyst
Lake Ridge Bank is in search of a Credit Analyst to join our underwriting team! The Credit Analyst will be responsible for spreading financial statements as required by Lake Ridge Bank loan policy. In addition, this role will analyze and underwrite commercial credits and partner with Underwriters and Business Relationship Managers in making credit decisions.
Financial Analysis
- Accurately spread ‘raw’ business and ag financial statements into financial spreading software as collected (includes tax returns, balance sheets, profit & loss statements, aging reports and projections).
- Verify accuracy and research discrepancies in ‘raw’ statements.
- Provide credit analysis and identify trends based on collected financials and spreads on an ongoing basis for existing customers to Business, Commercial & Ag Bankers.
- Monitor and verify borrowing base certificates and other loan covenants. Report findings to Underwriting Teams.
- Maintain financial tracking system upon the waiver or change in financial tracking requirements.
- Monitor and verify ongoing collection efforts.
- Set up new customers on financial tracking system and set up ticklers for future collection.
Underwriting and Approval Process
- Underwrite and facilitate new and renewal credits where the aggregate debt is generally at or below $1MM, and other less complex credits as assigned by the Small Business Underwriting Manager.
- Collaborate with Underwriting Teams acting as a liaison between Business, Commercial & Ag Banker, Commercial Production staff, Credit Risk Department and other internal staff members as necessary
- Ensure proper documentation of loan file via a loan proposal and post approval due diligence.
- Work with third party individuals as needed such as evaluation/appraisal orders and environmental due diligence.
- Full Knowledge of the Small Business Model (SBM) & Small Ag Model (SAM) systems and how they facilitate loans quickly through the overall loan process.
Adhere to all Bank Security/Compliance Regulations
- Complete all annual bank security and compliance training.
- Adhere to Bank Security/compliance and policy guidelines for commercial production and/or loan area
- Maintain confidentiality of customer information at all times.
- Stay current on all compliance regulations