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Avidbank · 2 days ago

Credit Analyst

San Jose, California, United States

Full-time

Hybrid

New Grad, Entry Level

$69K/yr - $90K/yr

Avidbank is a $2.3 billion commercial bank based in Silicon Valley serving the San Francisco Bay area and beyond. The Credit Analyst position involves gathering and analyzing credit information on borrowers, assisting loan officers, and managing compliance reporting functions.

FinanceFinancial ServicesFinTechReal Estate

Culture & Values

Responsibilities

Position assists sponsor finance lending function by gathering and analyzing credit information on current and potential borrowers and determining credit risk for diversified types of loans

Assists loan officers in writing loan requests and proposals

Promotes quality customer relations and refers customers to appropriate staff for new services

Assists loan officers in performing pre-qualification assessment and analysis of financial condition and risk of financing requests within framework of Bank credit culture and current economic and industry trends

Gathers data from customers and other sources

Prepares spreadsheets and analyzes financial information including financial statements and tax returns

Contacts customers for additional information and clarification of data

Verifies pledged assets

As instructed, compiles data from credit bureaus, conducts industry peer comparisons, perform cash flow analyses and other related tasks

Based on analysis, makes recommendation on loan structures and terms to loan officers and assists in the writing of financial analysis and reports

Assist with loan processing and coordination

Monitors loans and determines when updates to documentation, e.g. financial statements, are required. Informs loan officers and monitors accounts. Ensures that credit inquiries and UCC filings are researched to determine credit worthiness and appropriate collateral positioning are achieved

Assists loan officers in verification of funds with mortgage companies and contractors

Participate in the on-going computerization of the loan review function

Assist in providing deposit and loan account ratings for loan officers

Update and corresponds with legal counsel and collectors on workouts, bankruptcies, and charge-offs to ensure all possible precautionary actions or measures are taken

Understands government regulations with particular emphasis on the Bank Secrecy Act and related regulations and the fact that compliance with BSA regulations is an enterprise responsibility

May represent the Bank in various community, civic and community reinvestment functions to promote the Bank’s image and develop additional business

Manage the Specialty Finance Compliance reporting function which includes, but is not limited to: Updates to the Portfolio tracker on a monthly, bi-monthly or weekly basis in preparation for the monthly portfolio reviews

Updates covenants

Adds new clients to the tracker

Update Horizon with reports and ticklers as needed and send to team on a weekly basis

Perform other duties as required