Credit Analyst
Summary
Analyzes and underwrites loan applications, monitors credit portfolios, and structures loans for a digitally driven community bank in Seattle, using financial statements and risk assessment.
Who We Are
Seattle Bank is a locally owned, digitally driven financial institution that provides personal, business, and partner banking services. Our experienced team and open API, cloud-based core technology platform, deliver a boutique bank experience for clients with interwoven personal and business financial needs. Our highly configurable and scalable tech stack also supports partner banking that enables companies to embed banking transactions into their customer online experience. Seattle Bank is a wholly owned subsidiary of Seattle Bancshares, Inc., a privately held bank holding company, and the creator of CD Valet, a digital marketplace for Certificates of Deposit.
Position Summary
The position of Credit Analyst is responsible for assisting Relationship Managers with analysis and underwriting of new loan applications and portfolio management. Works to structure loans with low to moderate complexity while balancing sales goals with strategic risk management to ensure risk is appropriately mitigated. Perform continual monitoring of the loan portfolio to ensure credit files are complete and well-maintained and notifying Management of any potential adverse information and trends.
This position is located in our downtown Seattle office and requires full-time, in-person work.
Essential Duties
- Physically attending work on a set and predictable schedule is an essential function of this job.
- Gather and analyze credit information on current and potential borrowers including preparation of financial statement spreads for borrowers and guarantors. Prepare written summaries and financial trend analysis.
- Determine the advisability of granting credit for diversified types of loans.
- Recommend loan structures and prepare loan approval memorandums for new relationships and renewals with oversight by Relationship Managers and Credit Administration.
- Analyze personal tax returns and financial statements.
- Work in concert with Relationship Managers to organize and manage a tickler system on all loan relationships.
- Monitor periodic loan/financial covenants to determine compliance, notifying appropriate parties for non-compliance.
- Contact borrowers to obtain updated financial information to ensure quality of documentation within files.
- Assist the Relationship Managers in the preparation of annual term loan reviews.
- Prepare various reports as requested by Management.
- Assist in the preparation of problem loan reports on adversely graded borrowers and assist in loan workouts as appropriate.
- Assist with special projects as assigned including, but not limited to, preparation of management reports.