Raccoon Valley Bank · 1 month ago
Credit Analyst 2
Grimes,IA,US
Full-time
Onsite
Mid Level
3+ years expRaccoon Valley Bank is a financial institution seeking a Credit Analyst 2 to assist their Commercial and Agricultural Lenders. The role involves analyzing financial statements, preparing loan request presentations, and providing expertise in loan products and services while supporting lending officers with loan input and monitoring.
BankingFinanceFinancial Services
Responsibilities
Researches background documentation and reviews personal and business financial statements and tax returns
Analyzes financial information and prepares the preliminary analysis for the lender
Assesses the creditworthiness of loan applicants, judging their suitability as borrowers as well as the precise terms (interest rate, repayment schedule, etc.) on which credit may be granted
Prepares spreadsheets, reports, summaries, and opinions for financial institution officers on the largest and most complicated new, renewal, existing loans, and credit requests
Establishes, reviews, and updates new and existing loan files for the Bank on a regular basis
Ensures that proper Risk Ratings are in place for all loans
Maintains control of the request, submission, and receipt of financial statements from borrowers and prepares necessary analysis documentation
Maintains a good working knowledge of the Bank’s lending policies and procedures and identifies deviations from any policies and/or procedures
Assists in writing loan policies and procedures, along with implementing and recommending changes
Provides technical advice or assistance to loan officers as needed
Assists with other credit activities including, but not limited to, construction advances, collections, tickler items, and exam preparation
Attends the Loan Committee meetings and reports any findings that may have an adverse affect on loan collateral or a borrower’s ability to repay the loan
Responsible for updating and submitting required reports, as necessary
As necessary helps prepare the Analysis of the Adequacy for the Current Expected Credit Losses (CECL) on a quarterly basis, including identifying potential classified loans
Assists preparing all Assigned Loan Committee and Board Reports monthly
Engages and award Appraisal orders for Lending Staff per the Bank’s loan policies
Reviews appraisals upon receipt to ensure compliance with Interagency Guidance on Appraisals
Orders and reviews AVM per loan policy
Prepares and/or reviews internal evaluations on Ag Land or Commercial Real Estate per loan policy
Assist with cross selling and referrals to other departments of the bank
As part of the overall team of bank employees, this position may be requested to assist in the support of other bank activities
Qualification
Required
Bachelor's degree (B. A. or B.S.) in finance, accounting, or business-related field required
Three to five years' of credit analysis experience
Computer and data processing literacy required, including adept experience with Microsoft Office programs and Fiserv software
Bank regulation and compliance is required
Mathematical, organizational, and verbal and written communication skills required
Must be highly motivated with good communication skills
Able to work independently
Capable of executing tactical plans in line with strategic objectives
Ability to read, analyze, interpret, and implement regulations and laws, general business periodicals, professional journals, technical procedures, or governmental regulations
Ability to write reports, business correspondence, policy, and procedure manuals
Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the public
Ability to apply mathematical operations including but not limited to variance analysis, factor analysis, correlation techniques, sampling theory and sensitivity analysis
Ability to define problems, collect data, establish facts, and draw valid conclusions
Ability to interpret an extensive variety of technical instructions and/or problems and deal with several abstract and concrete variables
Valid driver's license required for travel to Bank offices, training sessions, customer meetings, Bank, and community meetings
Must be willing to work more than 40 hours per week and on some weekends as required
Preferred
Knowledge of Moody's Lending Cloud software preferred
Experience with Lending Cloud is helpful but not required
Ability to speak a foreign language is helpful but not required
Company
Raccoon Valley Bank
Raccoon Valley Bank is a banking & financial services company located in Adel.
11-50 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase