Raccoon Valley Bank
Credit Analyst 2 – Raccoon Valley Bank • Grimes, IA, US
Job Description A Credit Analyst 2 assists the Commercial and Agricultural Lenders in the administration of their portfolios by reviewing and analyzing financial statements and preparing Loan Request Presentations for approval.
This position requires attending internal and external training sessions, a basic understanding of loan input, extensions, payments/advances, and general ledger entry and balancing, and supports all lending officers with loan input and monitoring expertise. The role maintains working knowledge of the Bank’s lending software and knowledge of Moody’s Lending Cloud in preference.
ACCOUNTABILITIES Credit Analysis (80%)
Research background documentation and review personal and business financial statements and tax returns. Analyze financial information and prepare the preliminary analysis for the lender.
Assess the creditworthiness of loan applicants and their suitability as borrowers, together with appropriate terms (interest rate, repayment schedule, etc.).
Prepare spreadsheets, reports, summaries, and opinions for financial institution officers on the largest and most complicated new, renewal, existing loans, and credit requests.
Establish, review, and update new and existing loan files, ensuring proper Risk Ratings for all loans.
Maintain control of the request, submission, and receipt of financial statements from borrowers and prepare necessary analysis documentation.
Maintain a good working knowledge of the Bank’s lending policies and procedures and identify deviations from any policies and/or procedures.
Assist in writing loan policies and procedures, and in implementing and recommending changes.
Provide technical advice or assistance to loan officers as needed.
Assist with other credit activities including, but not limited to, construction advances, collections, tickler items, and exam preparation.
Loan Review (10%)
Attend the Loan Committee meetings and report any findings that may have an adverse effect on loan collateral or a borrower’s ability to repay the loan.
Update and submit required reports as necessary, and help prepare the Analysis of the Adequacy for the Current Expected Credit Losses (CECL) on a quarterly basis, including identifying potential classified loans.
Assist in preparing all Assigned Loan Committee and Board Reports monthly.
Appraisal Ordering (5%)
Engage and award Appraisal orders for Lending Staff per the Bank’s loan policies.
Review appraisals on receipt to ensure compliance with Interagency Guidance on Appraisals.
Order and review AVM per loan policy.
Prepare and/or review internal evaluations on Ag Land or Commercial Real Estate per loan policy.
Other (5%)
Assist with cross-selling and referrals to other departments of the bank.
As part of the overall bank team, assist in the support of other bank activities as requested.
Requirements Competencies
Adaptability – adjust quickly to different work situations, remain composed under pressure, and apply critical thinking and emotional intelligence skills.
Analysis – analyze numbers in the loan underwriting process, be organized, efficient, and detail oriented to generate accurate reports.
Attention to Detail – assure accuracy in every transaction, detect errors, and follow through on corrections.
Oral/Written Communication – professional and effective communication, both orally and written, across all levels of staff and external contacts.
Time Management – manage time to meet established deadlines and prioritize high priority tasks.
Education & Experience Bachelor's degree (B.A. or B.S.) in finance, accounting, or a business-related field and three to five years of credit analysis experience.
Computer and data processing literacy required, including experience with Microsoft Office programs and Fiserv software. Experience with Lending Cloud helpful but not required. Knowledge of bank regulation and compliance required. Demonstrated mathematical, organizational, and verbal and written communication skills. Highly motivated, capable of working independently, and executing tactical plans in line with strategic objectives.
Language Skills Ability to read, analyze, interpret, and implement regulations and laws, business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, policy, and procedure manuals. Ability to present information and respond to questions from groups of managers, clients, customers, and the public.
Mathematical Skills Apply mathematical operations including variance analysis, factor analysis, correlation techniques, sampling theory, and sensitivity analysis.
Reasoning Ability Define problems, collect data, establish facts, and draw valid conclusions. Interpret extensive technical instructions and deal with abstract and concrete variables.
Certificates, Licenses, Registrations Valid driver’s license required for travel to bank offices, training sessions, customer meetings, and community meetings. Ability to speak a foreign language is helpful but not required.
Physical Demands Regularly required to talk or hear, sit frequently, use hands to handle or feel, and reach with hands and arms. Occasionally required to stand, walk, climb or balance, and stoop, kneel, or crouch. Must regularly lift up to 10 pounds and occasionally up to 50 pounds. Vision abilities required: close, distance, color, and depth perception. Willing to work more than 40 hours per week and on some weekends if required.
Work Environment Occasionally exposed to moving mechanical parts and outside weather conditions. Noise level usually moderate. Reasonable accommodations may be made for individuals with disabilities.
EEO Statement All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.
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Job Description A Credit Analyst 2 assists the Commercial and Agricultural Lenders in the administration of their portfolios by reviewing and analyzing financial statements and preparing Loan Request Presentations for approval.
This position requires attending internal and external training sessions, a basic understanding of loan input, extensions, payments/advances, and general ledger entry and balancing, and supports all lending officers with loan input and monitoring expertise. The role maintains working knowledge of the Bank’s lending software and knowledge of Moody’s Lending Cloud in preference.
ACCOUNTABILITIES Credit Analysis (80%)
Research background documentation and review personal and business financial statements and tax returns. Analyze financial information and prepare the preliminary analysis for the lender.
Assess the creditworthiness of loan applicants and their suitability as borrowers, together with appropriate terms (interest rate, repayment schedule, etc.).
Prepare spreadsheets, reports, summaries, and opinions for financial institution officers on the largest and most complicated new, renewal, existing loans, and credit requests.
Establish, review, and update new and existing loan files, ensuring proper Risk Ratings for all loans.
Maintain control of the request, submission, and receipt of financial statements from borrowers and prepare necessary analysis documentation.
Maintain a good working knowledge of the Bank’s lending policies and procedures and identify deviations from any policies and/or procedures.
Assist in writing loan policies and procedures, and in implementing and recommending changes.
Provide technical advice or assistance to loan officers as needed.
Assist with other credit activities including, but not limited to, construction advances, collections, tickler items, and exam preparation.
Loan Review (10%)
Attend the Loan Committee meetings and report any findings that may have an adverse effect on loan collateral or a borrower’s ability to repay the loan.
Update and submit required reports as necessary, and help prepare the Analysis of the Adequacy for the Current Expected Credit Losses (CECL) on a quarterly basis, including identifying potential classified loans.
Assist in preparing all Assigned Loan Committee and Board Reports monthly.
Appraisal Ordering (5%)
Engage and award Appraisal orders for Lending Staff per the Bank’s loan policies.
Review appraisals on receipt to ensure compliance with Interagency Guidance on Appraisals.
Order and review AVM per loan policy.
Prepare and/or review internal evaluations on Ag Land or Commercial Real Estate per loan policy.
Other (5%)
Assist with cross-selling and referrals to other departments of the bank.
As part of the overall bank team, assist in the support of other bank activities as requested.
Requirements Competencies
Adaptability – adjust quickly to different work situations, remain composed under pressure, and apply critical thinking and emotional intelligence skills.
Analysis – analyze numbers in the loan underwriting process, be organized, efficient, and detail oriented to generate accurate reports.
Attention to Detail – assure accuracy in every transaction, detect errors, and follow through on corrections.
Oral/Written Communication – professional and effective communication, both orally and written, across all levels of staff and external contacts.
Time Management – manage time to meet established deadlines and prioritize high priority tasks.
Education & Experience Bachelor's degree (B.A. or B.S.) in finance, accounting, or a business-related field and three to five years of credit analysis experience.
Computer and data processing literacy required, including experience with Microsoft Office programs and Fiserv software. Experience with Lending Cloud helpful but not required. Knowledge of bank regulation and compliance required. Demonstrated mathematical, organizational, and verbal and written communication skills. Highly motivated, capable of working independently, and executing tactical plans in line with strategic objectives.
Language Skills Ability to read, analyze, interpret, and implement regulations and laws, business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, policy, and procedure manuals. Ability to present information and respond to questions from groups of managers, clients, customers, and the public.
Mathematical Skills Apply mathematical operations including variance analysis, factor analysis, correlation techniques, sampling theory, and sensitivity analysis.
Reasoning Ability Define problems, collect data, establish facts, and draw valid conclusions. Interpret extensive technical instructions and deal with abstract and concrete variables.
Certificates, Licenses, Registrations Valid driver’s license required for travel to bank offices, training sessions, customer meetings, and community meetings. Ability to speak a foreign language is helpful but not required.
Physical Demands Regularly required to talk or hear, sit frequently, use hands to handle or feel, and reach with hands and arms. Occasionally required to stand, walk, climb or balance, and stoop, kneel, or crouch. Must regularly lift up to 10 pounds and occasionally up to 50 pounds. Vision abilities required: close, distance, color, and depth perception. Willing to work more than 40 hours per week and on some weekends if required.
Work Environment Occasionally exposed to moving mechanical parts and outside weather conditions. Noise level usually moderate. Reasonable accommodations may be made for individuals with disabilities.
EEO Statement All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.
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