Credit Analyst II

Credit Analyst needed! One of our clients in the Stamford area is looking for a Credit Analyst to join their team. This person will prepare spreads, checks credit and will review and analyze financial data to assist in the underwriting, approval and review of commercial credits along with other duties. Why should you take this job? Strong ties to the community - around for 100+ years Their vision is to serve their customers, community and their employees Their core principles include: To satisfy the financial needs of their customers To deliver the highest levels of personal attention and service to their customers Maintain and enhance their commitment to support the community Ensure their position as a strong and stable organization To foster and environment of diversity and inclusion for all employees To promote career development, teamwork, mutual respect and collaboration 16 locations throughout Connecticut Competitive compensation and benefits Work/life balance Room for career advancement within the department and organization Responsibilities: Collaborate with Loan Officers to overview possible credit transactions Outline information needed to initiate the underwriting such as - borrower financial statements, credit reports & other information as needed Investigate credit history, industry background, products/services & other relevant aspects of borrower''s credit profile The Credit Analyst will determine market value of securities & investigate credit history of borrower Evaluate accounts receivable aging and leases or rent rolls The Credit Analyst will prepare detailed financial analysis to evaluate historical financial performance & trends, projections, ratios, cash flows, etc. Recommend the structuring of loans and appropriate financial/loan covenants according to Bank policy Prepares detailed loan presentations for large or complex loans referred to the Board or Executive Committee Drives the loan renewal process on maturing loans Preparing annual reviews of existing relationships using current financial information as directed. Developing global cash flow analysis on borrowers and guarantors in order to (that) demonstrate(s) their ability to service debt. Preparing loan reports and processes forms as assigned. Attending due diligence meetings/conducting site visits to borrower''s premises when appropriate. Assess and approve operating credit exposure (i.e. ACH/RDC limits), as needed Assisting in conducting progress inspections on construction loans. Determines if rate of completion is consistent with terms of advance; makes recommendation to loan officer. Assisting on the input and tracking of requisitions on construction loans. (May accompany Loan Officers on business development calls) Answering credit inquiries received from trade sources or credit agencies. Working knowledge of loan and collateral documentation including loan and security agreements, with emphasis on loan covenants, events of default, and bank rights and remedies. Providing back-up to Letter-of-Credit administration and documentation. (Conforms all work functions to the various compliance requirements) Following through on open issues surfaced by loan reviews; collects and forwards information until resolution. Maintaining and updates knowledge of current developments in banking through review of literature and participation in continuing education programs. Preparing various reports for department. Other related duties as required. Qualifications: Knowledge of accounting principles and practices, credit terminology, loan and collateral documentation, information sources, etc. Bachelors degree in Business, Finance or a related field 3+ years of experience in commercial credit analysis

Created: 2021-11-29