Credit Analyst (45926)

Palmer Group

Accounting, Finance | Full Time | Onsite | West Des Moines

Posted: 10/22/24

Job Description

Calling all Credit Analysts looking for a new opportunity! The primary purpose of this position is to analyze and evaluate the creditworthiness of commercial and consumer loan applicants. The Credit Analyst also conducts in-depth reviews of financial statements, tax returns, and other documents to determine applicants' financial condition, cash flow, credit history, and debt serviceability. Interested in this locally focused company? Apply now! 

Work model: 
On-Site

What you will do:
Determine creditworthiness and risk by analyzing financial statements and credit reports of loan applicants
Review loan applications and supporting documentation
Prepare loan write-ups summarizing credit analyses and recommending approval or denial of loan requests
Present credit analysis findings and make recommendations for action
Monitor existing loan portfolios and borrowers' financial condition
Identify early signs of loan deterioration and risk downgrades and recommend action
Ensure lending activities comply with bank credit policy and lending regulations
Build and maintain relationships with clients 
Prepare reports for senior management and board on lending activities, portfolio quality, and credit trends
Assess credit policy and procedures and recommend improvements
Maintain knowledge of lending markets, industry trends, and economic conditions affecting clients
Answer client questions about active loans
Process in-house loans
Calculate debt service coverage ratios, loan-to-value ratios, and other financial ratios used in credit analysis
Prepare early disclosure and closing documentation, extensions, and modifications
Obtain necessary documentation from clients and accountants

What you need to be successful:
Knowledge of bank lending operations and processing
Excellent organizational and time management skills
Strong skills in computer terminal and personal computer operation
Advanced math skills
Exceptional verbal, written, and interpersonal communication skills 
Ability to deal with complex problems involving multiple facets and variables in non-standardized situations
Ability to work with no supervision
Current driver's license and a vehicle with appropriate insurance coverage

Deadline to Apply 11/18/24

Address

Travel Required

Resume Required

Yes

Contact Person

Jayde Guinan

Deadline to Apply 11/18/24

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