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Meridian Bank · 2 days ago

Credit Analyst

Bonita Springs, FL

Full-time

Onsite

Entry, Mid Level

2+ years exp

Meridian Bank is an innovative team of experts serving the financial needs of entrepreneurs, businesses and individuals. The Credit Analyst is responsible for supporting the Commercial and Industrial Lending Department by performing credit analysis, preparing loan approval memos, and ensuring compliance with operational policies and procedures.

BankingFinancial Services

Responsibilities

Develops complete analysis of business and financial risks of potential borrower. Makes assessment of financial condition and performance and recommend a sound credit decision

Completes full loan approval memo based on current Bank policy. Accurately states loan structure, conditions and reporting requirements based upon officer input. Performs credit analysis of prospects and customers assessing company’s / project’s history, industry trends, cash flow, leverage and collateral values

Researches legal entity for formation documents, existing debt and liens, industry analysis and economic outlook. Completes summary background and ownership/management structure

Prepares and maintains financial statement worksheets and complete spreads in accordance with generally accepted accounting practices

Completes specialized duties unique to assigned commercial business, such as assisting in portfolio monitoring and review of existing facilities

Monitors loan portfolio and assist in reporting of various loan quality measurement including: preparing reports, and ongoing review of expiring loan extensions

Inputs and calculates global cash flow and debt service ability on spreadsheets. Prepares schedules for complete personal and/or business income and debt service from financials and credit reports. Analyzes and interpret ratios, summarize for Loan Memo attachments

Continuous development of accounting and credit analysis skills through coursework and RMA Financial Accounting self-study courses. Other coursework involving accounting, finance, and relevant case studies developed in-house at Meridian will be made available

Ensures compliance, operational risk controls in accordance with Meridian or regulatory standards and policies; and optimize relations with regulators by addressing any issues. Notifies appropriate personnel of unique situations

Compiles, evaluates, and analyzes a broad range of borrowers, both businesses and individuals, within the commercial loan portfolio and works with lenders to maintain and expand portfolios

Demonstrates and promotes Meridian Bank’s Core Values: Our Partners, Our People, Our Bank and Our Communities

Coordinates specific work tasks with other employees within the department as well as with other departments in order to ensure the smooth and efficient flow of information

Abides by the current laws and organizational policies and procedures designed and implemented to promote an environment which is free of harassment and other forms of illegal discriminatory behavior in the work place

Communicates with management and coworkers in order to integrate goals and activities

Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Bank’s compliance with all regulatory requirements, e.g. Community Reinvestment Act (CRA), Bank Secrecy Act (BSA), Equal Credit Opportunity Act, etc

Other duties as assigned

Qualification

Credit analysisDebt service analysisLoan memorandum preparationFinancial statement spreadingAccounting skillsAnalytical skillsMathematical skillsMultitaskingCoachingComputer skillsTeamworkAttention to detailTime managementInterpersonal skillsCommunication skillsOrganizational skills