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First Federal Lakewood · 5 months ago

Loan Credit Analyst

Hybrid Remote

Full-time

Hybrid

New Grad, Entry, Mid, Senior Level

0+ years exp

First Federal Lakewood is seeking a Loan Credit Analyst to join their team. The role involves analyzing financial statements, conducting credit analysis, and ensuring compliance with loan requirements while working closely with borrowers and loan officers.

BankingConsultingFinancial Services

Responsibilities

Contacts borrowers and tracks receipt of annual financial information as required by the loan documents; analyzes financial statements of all levels of quality to develop an initial assessment by identifying strengths and weaknesses as pertaining to a borrower’s historical and current operating performance

Completes and reviews existing bank commercial loans and completes risk rating analysis on portions of the portfolio; reviews loan documentation for completeness and accuracy; indicates any missing documentation; prepares and reviews in depth written analyses for relationships of all sizes and all levels of complexity; ensures compliance testing of loan requirements

Researches industry specific information from outside sources, including conversations with the borrower, industry publications, area libraries, references from other banks, credit agencies, as well as accessing information through the internet; assists loan officers with questions

Presents loan reviews to committee, including risk rating recommendation and the analysis and merits behind the rating; articulates reasoning behind the rating and defends recommendation if needed

Creates and maintains credit files; performs credit analysis; analyzes customer financial information; generate reports based on commercial loan portfolio

Performs credit loan review due diligence, quantitative analysis; conducts risk ratings on credits or credit analysis; monitors financial statements; requests financials and letters of credit; performs compliance testing of loan requirements

Prepares credit risk reviews for annual audit

Attends training and works with experienced credit analysts to develop credit analyst skill set and technique and builds banking knowledge

Keeps up to date and complies with all bank policies/procedures as well as applicable banking laws and regulations, including, but not limited to the Bank Secrecy Act, USA Patriot Act, and related anti-money laundering statutes, and federal consumer protection legislation and regulations

Other Duties as assigned