Credit Analyst III

Job Summary:

The Senior Credit Analysts (Credit Analyst III) play a pivotal role in assessing credit risk for individual and business borrowers.  The analysts work independently to handle less complex underwriting while collaborating with Senior Credit Officers on more complex transactions.  To contribute to team success, analysts are responsible for managing financial exceptions and providing guidance to junior team members.

Primary Duties and Responsibilities: 

The duties listed below are some of the duties that may be assigned and may not include all responsibilities that the person in this role may be asked to perform. The incumbent may be required to perform other related duties as assigned. Reasonable accommodations may be made to enable individuals with disabilities to perform essential job duties.

• Leads the transaction due diligence process, including review of business information, preparation of diligence requests, and transaction discussions with Relationship Managers and/or clients.
• Underwrites commercial loan requests including, but not limited to, real estate, construction, commercial and industrial, franchise, equipment, and SBA loans.
• Spreads business tax returns, company prepared, compiled, reviewed, and/or audited financial statements in Moody’s.
• Prepares financial statement analysis and analyzes related materials including accounts receivable and payable aging’s, information from credit bureaus, and industry-related websites.
• Performs an analysis focused on cash flow, EBITDA, and repayment, as well as enterprise value assessment.
• Thoroughly understands financial ratios including, but not limited to, liquidity and leverage ratios, and can adequately assess the risk of a borrower relative to these financial metrics.
• Applies advanced interpretation and critical thinking skills to write a detailed credit memo to present findings based on the in-depth analysis completed on the borrower’s financial condition, cash flow, collateral, and guarantor strength.  Ensures credit packages are comprehensive, accurate, and clearly articulate the potential risks associated with each credit decision.
• Assess proposed loan structures and determine if they are appropriate to mitigate and manage risk sufficiently.  Works collaboratively with Relationship Managers to provide insightful recommendations to structure loans, as needed.
• Manages multiple tasks in a fast-paced environment, meeting tight deadlines and ensuring tasks are completed efficiently and accurately.  Must be a self-starter, able to reprioritize work quickly, and requires minimal daily oversight.
• Provides support to Relationship Managers, Portfolio Managers, and Credit Officers in managing loans and pipelines; including but not limited to reviewing third-party reports such as appraisals, environmental reports, lease agreements, purchase/sale contracts, construction budgets, and construction draw requests.
• Assists with loan portfolio monitoring by preparing annual reviews and covenant checks.  Make independent recommendations regarding risk rating supported by a comprehensive analysis.
• Demonstrates a willingness to continuously learn and adapt by taking on new responsibilities within the credit department.  Is prepared to collaborate with other departments within the bank as needed.
• Understands and applies bank policies and procedures and underwrites all loan requests in compliance with them.
• Joins Relationship Managers in meetings with existing and prospective bank customers, as needed.
• Reviews the work product from junior employees and provides constructive feedback to improve outputs, drive efficiencies, and facilitate growth.
• Works to develop and further Encore Bank’s overall credit and risk culture.
• Supports the communities the Bank services through volunteer opportunities.
• Takes on other duties as assigned.

Type and Scope of Supervisory Responsibilities: 

• This position has no direct supervisory responsibilities

Skills and Qualifications: 

• Bachelor’s degree required in finance or an appropriate combination of education and experience
• Minimum 5 years of credit analysis experience
• Minimum 5 years of experience in a banking or financial services environment required
• Experience in commercial underwriting, portfolio management, credit risk management or similar preferred.
• Strong product knowledge and expertise in financing approaches and techniques for equity or debt
• Excellent communication (verbal and written), interpersonal and organizational skills
• Highly analytical, detail-oriented with problem-solving capability
• Ability to work independently with demonstrated strong time management skills
• High level of accountability and the ability to effectively prioritize tasks
• Highly motivated, self-starter
• Experience with financial models desirable

Computer and Office Equipment Skills:

• Proficiency with Microsoft Office products, including Word, Excel, and PowerPoint

Attendance Requirements:

• Daily attendance required in the work environment during normal business working hours which are Monday through Friday 8:00 am to 5:00 pm
• In-person and/or hybrid attendance is occasionally required for company and/or team meetings or onsite visits to clients as required

Position Type/Expected Hours of Work:

• This is a full-time position. Days and hours of work are Monday through Friday, 8:00 a.m. to 5 p.m.
• Occasional evening and weekend work may be required as job duties demand.

Travel:

• Travel is primarily local during the business day, although some out-of-area and overnight travel may be expected

Physical Requirements:

The physical demands described here are representative of those that must be met to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable qualified individuals with disabilities to perform essential functions.

• While performing the duties of this job this individual is regularly required to stand for long periods of time, walk, sit, talk, hear, use their hands and fingers (manual dexterity), use a telephone, and occasionally lift and /or move up to 25 pounds.
• Specific vision abilities required by this position include close vision, and the ability to adjust focus.

Mental Requirements:

• The ability to solve problems, make decisions, supervise others, interpret data, organize information, written and oral communication and read/write.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

Encore Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration without regard to race, color, religion, age, ancestry, citizenship, sex, sexual orientation, gender identity, national origin, marital status, genetic information, physical or mental disability, veteran status or any other characteristic protected by law.

Offered Benefits:

• Medical
• Dental
• Vision
• Employer Paid Life Insurance
• Supplemental Life Insurance
• Employee Stock Program
• 401K