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Commercial Credit Analyst I

Employer
Macatawa Bank
Location
Holland, Michigan, United States
Closing date
May 16, 2024

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Job Role
Credit Control
Sector
Finance
Contract Type
Permanent
Hours
Full Time
POSITION SUMMARY

Reviews and analyze financial information of existing and potential customers. Evaluate the risk of extending credit and prepares recommendations for the bank loan officers and bank lending committees regarding credit limits, structure, pricing and term of loans. Prepare loan presentations to summarize all credit information relevant to the final approval.

ESSENTIAL FUNCTIONS

Analyze Financial Information to Assess a Borrower's Creditworthiness
• Conduct an in-depth review of the balance sheet, income statement, and credit reports.
• Use spreadsheet software to put information in a more concise format to better evaluate trends and overall performance.

Preparation of Loan Process
• Summarize financial information in a standard format.
• Detail the existing banking relationship, background of the Bank and management, current request for financing, historical performance, the customer's ability to repay (cash flow), the Bank's overall security position (collateral analysis), the risk rating, and the conclusion and recommendation.

Evaluate and Monitor the Bank's Collateral
• Prepare real estate evaluation reports, order real estate and equipment appraisals, perform periodic vehicle inventory floor plan audits, and complete A/R confirmation audits.

Assist in Monitoring Watch List Credits
• Work closely with Loan Officers to monitor the customers on the watch list.
• Prepare monthly reports to update Committee Members, Senior Management, and the Board of Directors.

Other Duties as Assigned
• Prepare Loan Committee packages and credit reports.
• Attend Loan Committees and other meetings as required.
• Complete all required training.
• Prepare periodic real estate sensitive analysis reports.
• Calculate financial covenants when required.

The candidate must have:

•Bachelor's degree with a major in either Accounting or Finance.
•Excellent verbal, written and interpersonal communication skills
•Keen attention to detail and multitasking abilities

MORE ABOUT THE ROLE

The primary difference between a Credit Analyst and a Credit Analyst Senior is the level of experience the employee offers. He or she is expected to have 2-4 years of experience in the field or related area. He/she is expected to work with the more complicated credits under limited supervision (with a certain degree of latitude). Much more is expected in terms of expressing personal opinions and judgment of creditworthiness.

Education
Required
Bachelors or better in Finance

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

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