Security National Bank of Omaha has posted the following job opening in Omaha, NE: Credit Risk Analyst II. Apply today at Careerlink.com!
Exercises discretion and independent judgment in an analytical capacity by underwriting loans using the bank’s lending software - completing written analyses of the applicant’s ability to repay the loan and assess the strengths & weaknesses of the Bank’s repayment sources in light of industry and other environmental trends. Assist assigned Relationship Managers with monitoring and managing credit risk for existing client relationships. Interpret and carry out policies relating to all phases of credit administration department functions. Works under general supervision.
DUTIES AND RESPONSIBILITIES:
Financial Analysis and Credit Underwriting (60%)
For Commercial & Industrial (C&I) businesses, commercial real estate investors, and private banking clients:
New Business: For new or existing relationships with proposed credit exposure generally over Loan Committee thresholds, prepare a Credit Memo with the Relationship Manager including: analysis of the business and industry, financial statement changes and trends, cash flow adequacy, collateral coverage, and Guarantor support (including a global cash flow analysis, as needed). Address causes (how/why) for material changes. Cite mitigants and provide remediation for weaknesses and potential problems. Identify and discuss strengths, weaknesses, opportunities, and threats.
Renewals: For relationships with credit exposure generally over Loan Committee thresholds, approximately 60 days prior to maturity of loans, review the Renewal Checklist prepared by the Relationship Coordinators. If not prepared, check the loan system (or credit file) and inform the Relationship Coordinator and Relationship Manager of financial statements, collateral reports, personal financial statements, tax returns, and other customary documentation needed to underwrite the renewal. Underwrite the Borrower and obtain approval for renewal ideally 30 days, but not less than 10 days, prior to maturity.
As part of the ongoing portfolio management for Commercial & Industrial (C&I) businesses, commercial real estate investors, and private banking clients:
Annual Credit Reviews: For Borrowers generally over Loan Committee thresholds, determine on-going credit quality and appropriateness of the assigned risk rating by reviewing the Borrower’s payment history, financial statement trends & cash flow, and/or operating statements and rent rolls for the Bank’s commercial real estate collateral.
Loan Reviews: As requested, assist with the independent Loan Review process by completing Loan Reviews in conjunction with the Annual Credit Review.
Problem Asset Reports: Coordinate and assist the Relationship Manager with the completion of individual monthly reports for loans risk rated Special Mention or worse to ensure completeness and accuracy including: Risk rating rationale, nonaccrual & TDR determination, reserve & impairment discussion, cash flow analysis, collateral analysis, guarantor analysis, strategy statement, and current action plans with S.M.A.R.T. goals.
Complete reviews of the Bank’s investments, as assigned.
Complete financial analyses of the Bank’s vendors, as assigned.
Financial Statement Spreading (10%)
Create/update spreads of financial statements or tax returns using software and test for compliance with financial covenants, when applicable. Verify that the tracking items are accurate and update them if they not. This is in addition to the normal spreading done in conjunction with underwriting and reviews.
Other duties as assigned (10%)
Minutes: Record and distribute minutes for Loan Committee meetings.
Meetings: Assist with conducting the Past Due Meeting by presenting various reports on the projector and advise Loan Committee members of liens and garnishments since the last meeting.
Prepare real estate evaluations and complete appraisal reviews.
Assist with portfolio management by completing floor plan inspections, borrowing base reviews, or collateral exams.
Assist with the preparation of monthly monitoring reports and credit analytics.
Conducting joint customer calls with Bankers as needed.
All job responsibilities will be completed according to all applicable laws, regulations, and internal Bank policies. The percentages shown for each responsibility are approximations. This job description is not intended to be an exhaustive list of all duties, responsibilities, and skills required.
To perform this job successfully, an Individual must be able to perform each essential duty satisfactorily. The requirements listed below are generally representative of the knowledge, skill, and/or ability necessary. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
A bachelor’s degree in finance, accounting or related business field, or equivalent banking experience preferred.
3-5 years of credit analysis experience required.
Be able to demonstrate strong analytical skills with an understanding of financial statements and tax returns including an understanding of Generally Accepted Accounting Principles (GAAP).
Be able to demonstrate the ability to communicate effectively both verbally and in writing using good business writing skills.
Be able to demonstrate good time management skills and an ability to prioritize multiple tasks to meet deadlines.
Good working knowledge with Word, Excel, Outlook and bank loan systems.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
While performing the duties of this job, the employee is regularly required to stand; use hands to finger, handle, or feel; reach with hands and arms; and talk or hear. The employee frequently is required to walk. The employee is occasionally required to stoop or kneel. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, and depth perception.
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