First Bank
Overview
Credit Analyst role at
First Bank .
Position Purpose Evaluate and analyze the financial condition of businesses and individuals applying for credit in order to estimate the degree of risk involved in extending credit requests. Responsible for financial statement spreading, reports, summaries and opinions for bank officers on new and existing loans.
Essential Duties
Gather and analyze all available financial and industry data on potential bank credits, including data provided by credit bureaus and bank files.
Study economic trends in the firm’s industry to predict probable success of new customers as well as existing customers.
Prepare reports for tax returns and financial statements (cash flow analysis, industry comparisons, comparison of previous years’ financial data, exposure and payment analysis, trend analysis, and forecast reports).
Prepare written reports of results from data analyzed and recommend credit limitations to management, as well as risk grades.
Provide technical advice and assistance related to the analysis function to loan officers and management as needed.
Other Duties
Review bank loan policy and procedures as they pertain to the analyst function.
Assist and/or train co-workers in regard to the cash flow function and computation of ratios.
Assist Federal and State auditors as needed.
Perform special assignments and other duties as required by supervisor.
Assist other areas of the loan department as needed/required by supervisor or co-workers.
Training
Taxanalysis software for use of all functions.
Sageworks/Abrigo software.
Taxanalysis seminar/conference.
Bank workshops/training as scheduled by management.
Outside courses pertaining to banking, taxes and all aspects of credit as needed.
PC software training to include Word, Excel, etc. (any updated versions).
Bank Secrecy Act
Privacy Act
Other compliance training as assigned
Communication
High degree of external and internal contact with people at all levels requiring excellent verbal and written communication skills.
High degree of mathematical communication skills required.
Knowledge/Skills
College degree with emphasis in Business Administration or Accounting strongly preferred.
Related coursework in finance, statistics, computer systems and credit systems or functions.
Two to three years banking experience strongly preferred.
Working knowledge of software such as Sageworks/Abrigo Taxanalysis, MS Office Suite, and various credit bureau programs.
Knowledge of Bank Secrecy Act requirements and ability to comply.
Ability to analyze financial statements and commercial credit reports and related tax returns, both personal and business, as well as global cash flow.
Effective oral and written communication skills and strong organizational skills.
Decision making and problem solving abilities.
Ability to deal positively with customers and employees at all levels.
Working Conditions Job is performed in an office environment. The majority of time is spent at a desk with daily computer use. Occasional filing of documents up to 15 lbs may occur. Travel to training locations outside the bank may be required.
Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
Seniority level Mid-Senior level
Employment type Full-time
Job function Finance and Sales
Referrals increase your chances of interviewing at First Bank by 2x
Sign in to set job alerts for “Credit Analyst” roles.
Location: Richmond, VA
Salary: $60,000.00-$82,000.00
Posted: 2 weeks ago
#J-18808-Ljbffr
First Bank .
Position Purpose Evaluate and analyze the financial condition of businesses and individuals applying for credit in order to estimate the degree of risk involved in extending credit requests. Responsible for financial statement spreading, reports, summaries and opinions for bank officers on new and existing loans.
Essential Duties
Gather and analyze all available financial and industry data on potential bank credits, including data provided by credit bureaus and bank files.
Study economic trends in the firm’s industry to predict probable success of new customers as well as existing customers.
Prepare reports for tax returns and financial statements (cash flow analysis, industry comparisons, comparison of previous years’ financial data, exposure and payment analysis, trend analysis, and forecast reports).
Prepare written reports of results from data analyzed and recommend credit limitations to management, as well as risk grades.
Provide technical advice and assistance related to the analysis function to loan officers and management as needed.
Other Duties
Review bank loan policy and procedures as they pertain to the analyst function.
Assist and/or train co-workers in regard to the cash flow function and computation of ratios.
Assist Federal and State auditors as needed.
Perform special assignments and other duties as required by supervisor.
Assist other areas of the loan department as needed/required by supervisor or co-workers.
Training
Taxanalysis software for use of all functions.
Sageworks/Abrigo software.
Taxanalysis seminar/conference.
Bank workshops/training as scheduled by management.
Outside courses pertaining to banking, taxes and all aspects of credit as needed.
PC software training to include Word, Excel, etc. (any updated versions).
Bank Secrecy Act
Privacy Act
Other compliance training as assigned
Communication
High degree of external and internal contact with people at all levels requiring excellent verbal and written communication skills.
High degree of mathematical communication skills required.
Knowledge/Skills
College degree with emphasis in Business Administration or Accounting strongly preferred.
Related coursework in finance, statistics, computer systems and credit systems or functions.
Two to three years banking experience strongly preferred.
Working knowledge of software such as Sageworks/Abrigo Taxanalysis, MS Office Suite, and various credit bureau programs.
Knowledge of Bank Secrecy Act requirements and ability to comply.
Ability to analyze financial statements and commercial credit reports and related tax returns, both personal and business, as well as global cash flow.
Effective oral and written communication skills and strong organizational skills.
Decision making and problem solving abilities.
Ability to deal positively with customers and employees at all levels.
Working Conditions Job is performed in an office environment. The majority of time is spent at a desk with daily computer use. Occasional filing of documents up to 15 lbs may occur. Travel to training locations outside the bank may be required.
Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
Seniority level Mid-Senior level
Employment type Full-time
Job function Finance and Sales
Referrals increase your chances of interviewing at First Bank by 2x
Sign in to set job alerts for “Credit Analyst” roles.
Location: Richmond, VA
Salary: $60,000.00-$82,000.00
Posted: 2 weeks ago
#J-18808-Ljbffr