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Commercial Credit Analyst

Company: JobTracks
Location: Rockville
Posted on: May 12, 2022

Job Description:

Qualifications:Education & Experience:Associates degree in business or related field of study; 3 years of experience in approving credit or an equivalent combination of experience and educationExperience with analyzing commercial real estate mortgage loans and construction and rehab lines of credit up to $15,000,000Understanding and training in formal appraisal and ESA report evaluation and analysisKnowledge of construction draw administration and evaluationKnowledge of legislation, regulations, policies and procedures pertaining to lending practicesBasic understanding of the collection processComplete knowledge of spreadsheet preparation, narrative underwriting and credit memo preparation and formattingSkills:Experience with loan processing software and data processing systemsProficient with Excel, Outlook, Word and spreadsheet systems such as FAMAS, OnePoint or similar programIntermediate math skills (capable of calculations involving decimals, percentages & factions)Standard PC skillsBasic Function: -Analyzes a loan applicant's credit history and approves or denies loan applications based on the analysis. Also primarily responsible for servicing and tracking each assigned loan to monitor for risk trends, payment status, documentation, insurance and credit exceptions. The position is also responsible for the accurate and timely reporting of loan status to senior management on a semi-monthly basis. Essential Duties:Monitors the queue for commercial loan applications and follows up with applicants for the purpose of receiving required application materialsAnalyzes a loan applicant's credit worthiness including an applicant's character, capacity, collateral, capital and economic conditionsReviews credit bureau reports and credit score; Verifies information included on loan application as necessary, and makes a recommendation to the account officer or loan committee to approve or deny a loanDocuments reason for a denied loan and issues written adverse action letters to applicants within 30 days of application receipt100% accurate application of the loan policy with no exceptionsFully conversant in all aspects of the commercial loan policy and lending processesConsistently applies standard underwriting practices to all credits and yields clear, concise risk measures for consideration by senior managementPrepares loan presentation sheets, credit memos (both for initial credit evaluation and periodic credit review) and draft term sheets and commitment letters for account officer signatureReviews legal documents for adherence to approved loan terms and tracks all post-account exceptions to assure timely receipt and execution of all documents, policies, agreements, escrows or other items required per the loan approval and policyAssigns and recommends risk ratings to each credit at completion of underwriting, during annual credit reviews, and upon identification of material adverse credit condition that impair or threaten to impair repayment capacityRisk rating accuracy should be maintained at 95% or better as measured by NCUA, external and internal examination resultsPrepares and issues third party engagements for appraisal, Phase I and PCA reports and performs report reviews as appropriatePerforms loan assistant duties to include, but not limited to, term sheet and commitment letter drafting, clearing pre-account exceptions, checklist exceptions, coordinating all pre-settlement functions with lender's counsel, account and funding administrationAssists the servicing department in obtaining timely and accurate submission of updated borrower financial information and reports loan exception status to senior management on a semi-monthly basisPromptly notifies the account officers of any credit risk down grades and accurately reassesses and reassigns risk ratings to all assigned credits and reports results to managementReassessments are prepared once every 12 months and include documented inspection of each property and credit risk reassessment of updated credit information in the form of a credit memorandum to the filePrepares assigned tracking, exception, pipeline, risk and status reports at least once monthly, or as assigned by the account officersNotifies account officers of any loan that past due loans exceeding its contracted grace period and promptly contacts borrower to begin collection efforts. Updates the account officers periodically to assess progress of collection efforts and recommends supplementary collection actionsMaintains a loan application register and processes all loan applications within 30 days of receipt. All loan decisions are documented and borrowers shall be promptly informed of all credit and pricing decisionsEffectively applies Reg. B, HMDA, BSA, Patriot Act and related regulations to all loans and account relationshipsHandles members with the highest standards of professionalism and service with particular focus on providing members with prompt and courteous responses to all questions and requests.

Keywords: JobTracks, Rockville , Commercial Credit Analyst, Professions , Rockville, Maryland

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