First Community Bank Utah · 9 hours ago
Credit Analyst III
Layton, UT
Full-time
Onsite
Senior Level
5+ years expFirst Community Bank Utah is seeking a Credit Analyst III to join their Layton Hills Branch Credit Team. This role involves reviewing documentation for Commercial Loan applications and performing thorough analyses of financial and credit information to determine the viability of requests within established policies and regulatory guidance.
BankingFinanceFinancial Services
No H1B
Responsibilities
Perform thorough analysis of all credit, financial, and cash flow information to determine viability of repayment for all commercial loan requests
Determine Borrower and Guarantor character and creditworthiness utilizing information from various sources, including personal and business credit reports, legal forums, publications, and internet sources
Assess and determine repayment ability of all borrowers and guarantors, and from a global perspective through in-depth analysis of tax returns and financial statements, including balance sheet, income statement, direct and indirect cash flow statements, using trend, cash flow, ratio, leverage, and projection analysis, which includes stress testing cash flow using various criteria such as changes in interest rate and vacancy
Review documentation to determine viability and adequacy of collateral including methods of valuation such as conforming appraisal reports, environmental studies, title reports, UCC searches, leases, and industry and market data, demonstrating an understanding of appropriate methodologies
Review and analyze other legal documents such as wills, trusts, corporation articles and by-laws, partnership agreements, and other information as necessary to fully underwrite the loan
Assemble and organize pertinent information to assist Loan Officer in completing Credit Presentation for submission to Commercial Credit Administration and/or Commercial Loan Committee. Credit Presentation should contain all information necessary for Approving Officers to make an informed recommendation, including Borrowing Cause, Borrower structure and background, all repayments sources, financial statement analysis, collateral analysis, identification of all repayment sources (primary, secondary, and tertiary) analysis of risks to repayment, mitigating factors, recommendation for loan structure, pricing, repayment terms, loan risk grade, and covenant / annual review requirements
Possess thorough knowledge and understanding of Loan Policy and related Procedures and appropriate regulatory guidance
Assist Loan Officers in performing Annual Reviews of existing loans in accordance with established policies and procedures
Regular and predictable attendance is an essential function of this job
Qualification
Required
5 years of related experience (including preparatory experience)
Bachelor's degree from an accredited institution in business, accounting, finance, economics, or related certification
Strong interpersonal skills, obtaining cooperation and agreement on important outcomes via frequently complex, senior level dialogue, as well as a professional level of communication
Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team
Ability to make sound decisions, build relationships and work with a variety of clients, employees, and management
Capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be capable of exercising highest level of discretion on both internal and external confidential matters
Ability to maintain a well-organized and efficient workflow
Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace. Must be able to effectively handle multiple, simultaneous, and changing priorities
Benefits
Medical, dental, vision, and life insurance
Health savings account option
Employee Assistance Program (EAP)
Health rewards program
Retirement savings plan, including 401(k) and Profit-Sharing plans
Short and long-term disability benefits
Education and training benefits
Discounts on banking products and services
Generous Paid Time Off (PTO) plan
Paid holidays
Company
First Community Bank Utah
First Community Bank Utah provides mobile banking, personnel, and online business services.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Shelly Holt
President and CEO
Bryan Jack
Chief Financial Officer
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