Credit Analyst III

Job Summary:

The Senior Credit Analysts (Credit Analyst III) play a pivotal role in assessing credit risk for individual and business borrowers. The analysts work independently to handle less complex underwriting while collaborating with Senior Credit Officers on more complex transactions. To contribute to team success, analysts are responsible for managing financial exceptions and providing guidance to junior team members.

Primary Duties and Responsibilities:

The duties listed below are some of the duties that may be assigned and may not include all responsibilities that the person in this role may be asked to perform. The incumbent may be required to perform other related duties as assigned. Reasonable accommodations may be made to enable individuals with disabilities to perform essential job duties.

• Leads the transaction due diligence process, including review of business information, preparation of diligence requests, and transaction discussions with Relationship Managers and/or clients.
• Underwrites commercial loan requests including, but not limited to, real estate, construction, commercial and industrial, franchise, equipment, and SBA loans.
• Spreads business tax returns, company prepared, compiled, reviewed, and/or audited financial statements in Moody’s.
• Prepares financial statement analysis and analyzes related materials including accounts receivable and payable aging’s, information from credit bureaus, and industry-related websites.
• Performs an analysis focused on cash flow, EBITDA, and repayment, as well as enterprise value assessment.
• Thoroughly understands financial ratios including, but not limited to, liquidity and leverage ratios, and can adequately assess the risk of a borrower relative to these financial metrics.
• Applies advanced interpretation and critical thinking skills to write a detailed credit memo to present findings based on the in-depth analysis completed on the borrower’s financial condition, cash flow, collateral, and guarantor strength. Ensures credit packages are comprehensive, accurate, and clearly articulate the potential risks associated with each credit decision.
• Assess proposed loan structures and determine if they are appropriate to mitigate and manage risk sufficiently. Works collaboratively with Relationship Managers to provide insightful recommendations to structure loans, as needed.
• Manages multiple tasks in a fast-paced environment, meeting tight deadlines and ensuring tasks are completed efficiently and accurately. Must be a self-starter, able to reprioritize work quickly, and requires minimal daily oversight.
• Provides support to Relationship Managers, Portfolio Managers, and Credit Officers in managing loans and pipelines; including but not limited to reviewing third-party reports such as appraisals, environmental reports, lease agreements, purchase/sale contracts, construction budgets, and construction draw requests.
• Assists with loan portfolio monitoring by preparing annual reviews and covenant checks. Make independent recommendations regarding risk rating supported by a comprehensive analysis.
• Demonstrates a willingness to continuously learn and adapt by taking on new responsibilities within the credit department. Is prepared to collaborate with other departments within the bank as needed.
• Understands and applies bank policies and procedures and underwrites all loan requests in compliance with them.
• Joins Relationship Managers in meetings with existing and prospective bank customers, as needed.
• Reviews the work product from junior employees and provides constructive feedback to improve outputs, drive efficiencies, and facilitate growth.
• Works to develop and further Encore Bank’s overall credit and risk culture.
• Supports the communities the Bank services through volunteer opportunities.
• Takes on other duties as assigned.

Type and Scope of Supervisory Responsibilities:

• This position has no direct supervisory responsibilities