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Fremont Bank · 6 hours ago

Commercial Analyst

Livermore, CA

Full-time

Onsite

New Grad, Entry Level

$29/hr - $44/hr

Fremont Bank is one of the Bay Area’s most respected financial institutions, seeking a strategic professional to join their Commercial Banking team. The Commercial Analyst will assist in loan requests, portfolio monitoring, and financial analysis to support the success of the Commercial Lending Department.

Financial ServicesMortgageRetail

Responsibilities

Analyze financial statements to determine borrower’s cash flow and ability to repay debt, and comply with financial covenants for commercial and/or SBA financing requests

Analyze financial, operational, management, and market risks to determine strengths and weaknesses of credit requests

Identify credit issues or challenges early on in the underwriting process and recommend ways to further mitigate risks

Understand bank credit policy, current bank underwriting guidelines, and current credit appetite

Prepare loan analysis for initial approval and expression of interest letter(EOI) focused on key risk factors, repayment sources, cash flow, LTV, and ability to service debt

Support Commercial Relationship Managers and engage borrowers to obtain required data to underwrite and document a loan request

Understand the purpose and reasoning for each document requested and ensure entity documents are received for loan documentation

Review preliminary title report for exception items and make recommendation to underwriting to ensure proper lien prioritization for bank

Review personal and business tax returns and entity documents to support underwriting

Review bank credit policy, leases, and preliminary title report, to determine if SNDA is required. If required, place internal requests and follow up

Deliver complete loan package to underwriting and loan documentation teams

Complete Accounts Receivable/Accounts Payable analysis for asset based C&I loans

Contact clients with questions and issues requiring clarification

Provide analysis results to Commercial Loan Servicing; coordinate with Commercial Relationship Manager to resolve over-advance issues with Borrowers

Analyze all financial information as received. Analyses may include Baker Hill spreads, Buker’s Tax Analysis, personal financial statement verifications and adjustments, business and global DSCR, business operating and covenants ratios, rent rolls, operating statements and commercial leases

Identify any red flags or covenant defaults and elevate to management as needed for action

Complete Annual Loan Review for CRE & MF loans within the bank’s approved monitoring scope

Complete Fannie Mae MF Annual Loan Reviews by deadline per Fannie Mae guidelines and input analyses to FNMA web portal

Ensure accurate grade recommendations by completing risk grade analysis and notification of grade change memorandum

Assist in Credit Review and/or Audit requests

Reconcile loan transactions to general ledger and ensure non-posted items are cleared daily

Maintain familiarity with all procedures at all times and make suggestions to keep procedures up to date and current

Research insurance issues

Track property taxes, flood insurance, hazard insurance, holdback accounts and escrow accounts when applicable on all loans

Assist with inputting new, renewed, or modified loans into loan origination and banking systems

Respond to customer inquiries by researching, analyzing and resolving issues in a timely manner

Maintain, update, and safeguard customer information in accordance with bank policy and procedures

Engage clients(borrower) and support Commercial Relationship Managers

Compile all necessary loan documentation and financials for marketing and/or buying/selling loans, including but not limited to corresponding with client banks, internal staff, and bank clients, executing contracts and maintaining loan sale/purchase files, and following up and tracking annual financials, property taxes, and insurance

Gauge market conditions; compile and maintain competitor rates

Publish CRE & MF rate sheets daily

Create new loans in loan origination system and follow the loan to close, including but not limited to, uploading client documents and working with operations on follow up items

Complete initial size up analysis and pricing worksheet or exceptions and issue a letter of interest

Create and maintain department procedures along with loan program matrix

Create and maintain reports and various tracking worksheets for purchases and sales

Coordinate meetings and site visits, including agendas, presentations, and meeting minutes

Qualification

Commercial LendingFinancial AnalysisCredit AnalysisLoan ProcessingMS ExcelBanking PoliciesMicrosoft EnactNCinoPremier DirectorITI NavigatorWindows EnvironmentCommunication SkillsTeam PlayerAttention to Detail