POSITION SUMMARY:
The Credit Associate position is primarily responsible for the underwriting of new loan requests, as well as the day-to-day monitoring of the existing loan portfolio.
ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:
- Review and evaluate commercial credit requests in conjunction with Bank guidelines, resulting in recommendations for approval, conditional approval, denial and/or restructure.
- Perform all underwriting tasks for loan requests from new and existing clients including completion of credit approval packages and approval memos. Underwrite existing loan regular reviews.
- Analyze risk, identify mitigants, and recommend risk ratings for commercial loan requests.
- Participate in the preparation and review of legal documentation for existing and new loan requests.
- Monitor loan and department approvals.
- Perform new and existing loan quality control analysis to minimize loan documentation and loan system data entry errors.
- Publish the approved DRB Loan Policy and compile appendices.
- Perform special projects as needed.
- Verify that customer information and documents are up-to-date and obtain missing or outdated information as needed.
- Participate in developing department goals, objectives and systems. Recommend new approaches, policies and procedures to continually improve efficiency of the department.
- Participate in staff meetings and take part in training as needed.
KNOWLEDGE, SKILLS and ABILITIES:
- 3+ years of experience within the banking industry with a focus on credit.
- Familiarity with tax returns, financial statements (balance sheet, income statement, statement of cash flows, etc.), statements of financial condition, construction agreements and budgets, and various loan and corporate documentation.
- Knowledge of different types of commercial and personal loans and their respective rates and spread ranges for given risk profiles.
- Extensive Microsoft Office Excel and Word expertise.
- Critical thinking and analysis.
- Strong attention to detail.
- Strong organizational, written, verbal and interpersonal communications skills.
- Ability to work in a fast paced environment, change priorities and multi-task.
- Must have integrity, ethical practice and the ability to maintain confidentiality/discretion in company and HR matters.
EDUCATION/EXPERIENCE REQUIREMENTS:
College degree or equivalent work experience.
Required Years of Work Experience: 3+
Salary Range: $57,489 – $70,000 annually
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Flexible spending account
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Schedule:
- Monday to Friday