The Bank of New Glarus · 18 hours ago
Credit Analyst
New Glarus, WI
Full-time
Onsite
Mid, Senior Level
5+ years expThe Bank of New Glarus is seeking a Credit Analyst responsible for the collection and analysis of financial information to support credit extensions. This role involves monitoring borrower risks, ensuring compliance with loan policies, and assisting lenders with loan structuring and documentation.
AccountingBankingFinanceFinancial Services
Responsibilities
Collect and analyze information that reflects the current credit worthiness of existing and new loan customers, including credit bureau reports, financial reports, cash flow analysis and ratio analysis. On an ongoing basis primary employee to monitor the merits of existing credit extensions
Prepares necessary disclosures in accordance with the regulatory requirements, including content and timing
Helps promote a culture of regulatory compliance and safe and sound financial practices
Knows and strictly follows all security, compliance, regulatory, internal control procedures, policies, and laws
Complete financial spreads and credit scoring for all business loans
Support and assist lenders in proper loan structuring, underwriting, and respective Loan Committee approvals (write-ups). Upon approval and request from lender, responsible for the completion of commitment letters
Responsible for preparing and sending out letter requests for required customers’ financial data, and ensures current data is imaged into the Bank’s imaging system, and old data is removed, per the Bank’s record retention policy
Demonstrate an expert level understanding of the loan policy
Participate in business calls and/or customer meetings with loan officers
Responsible for preparing the formal engagement letter to order an appraisal or evaluation. Complete a documented review all Appraisals and Evaluations upon receipt, for Accuracy and Completeness
The primary contact with Bankers Bank for all Business Credit Card applications and questions
Responsible for continual monitoring of covenants, tracking compliance, submission of required reports, along with any follow-up work required for loans with a government guarantee, or special Bank loan agreement covenants to include, but not limited to, Debtor’s Certificates, interim financial information, special insurance requirements, loan agreement covenants, and special collateral assignment tracking
Responsible for the credit underwriting, negotiating of acceptable terms with respective lead bank, and the ongoing monitoring of loan participations purchased. All file documentation is to mirror the lead bank and will follow this protocol for approval
Assist Sr. Vice President /Chief Credit Officer in the preparation of reports needed for lenders, Loan Committee, Board, examiners, and/or auditors, as assigned, to augment loan review, documentation assessment, and other loan area tracking
All work completed for the Bank both in the credit area, and other areas of the Bank, will follow established policies and operating procedures, which are consistent with the Bank's overall policies and operating objectives
When appropriate and the opportunity arises, sell Bank products and services by clarifying customer's needs, validating services being delivered, presenting features and benefits, and closing by asking for the business and referring to the appropriate team member to complete the transaction
Treat all customer inquiries, questions and complaints with respect and follow through. Maintain the Bank's goal to be accessible to the customer and always provide premium service
Continue to develop skills in all areas of product knowledge, documentation, selling and general banking through in-house training, bank related seminars, classes, periodicals and/or schools
Be a team player. Maintain a positive work atmosphere by acting and communicating in a manner so that you get along with customers, co-workers and managers
Maintain a high level of ethical behavior within the banking profession
Be aware of and support the Bank's efforts in meeting the Community Reinvestment Act (CRA)
Qualification
Required
Aptitude to effectively present information and respond to questions from a wide array of constituents, such as a Board of Directors, peers, staff, customers and the general public
Ability to add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals. Proficient at completing complex fractions, percentages, rate and ratios
Aptitude to create basic to complex spreadsheets, and an ability to prepare and interpret statistical information or graphs, while proficiently applying these mathematical concepts to work at hand
Ability to define problems, collect data, establish facts and draw valid conclusions. Ability to solve practical and/or abstract problems and deal with a variety of variables and situations where only limited standardization may exist
Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form
10-Key Calculator, Keyboarding, Knowledge of Personal Computer, and Wide Array of Software Applications (Word and Excel). Working Knowledge of LAN and WAN, Internet
Preferred
Relevant Bachelor's Degree (BA) from a four year college or university preferred
5 years or more of related experience and/or training
Company
The Bank of New Glarus
The Bank of New Glarus is headquartered in New Glarus, Wisconsin and has branch offices located in New Glarus, Belleville, Brodhead, Darlington, Gratiot, Juda, Monroe, and a loan production office located in Madison.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Ron Schaaf
President/CEO
Kate Hanson
SVP Chief Financial Officer
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