Senior Credit Analyst

Ion Bank

$75K — $95K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business Administration or equivalent experience.
  • 5+ years in Commercial Credit/Lending department.
  • Strong verbal and written communication skills.
  • Knowledge in underwriting and credit analysis, including financial statements and tax returns.
  • Familiarity with commercial, real estate lending, and loan processing.

Responsibilities

  • Analyze financial statements and conduct credit analysis for commercial accounts.
  • Utilize SBA lending programs and underwriting procedures when applicable.
  • Draft clear and concise credit analyses for borrowers acceptable to senior management.
  • Fully leverage Loan Vantage software for loan application tracking and analysis.
  • Review loan relationships based on preliminary information from Loan Officers.
  • Prepare and disseminate required analysis reports.
  • Facilitate training sessions to enhance credit analysis skills and efficiency.
  • Support lenders with loan transactions through detailed analysis and risk management insights.

Benefits

  • Health Insurance (Medical, Dental Vision)
  • 401k with Employer Match
  • Life Insurance
  • Disability coverage
  • Health Savings Account (HSA)
  • Flexible Spending Account (FSA)
  • Educational Assistance Program
  • Wellness Programs
  • Employee Assistance Program
  • 15 Paid Time Off Days
  • 11 Paid Holidays
  • Job Shadowing opportunities
  • Volunteer Opportunities
Full Job Description
Job Type:

Hourly, Full Time

Who we are seeking for this role:

The ideal candidate will demonstrate and encourage high standards of behavior that is consistent with Ion's service Philosophy of Safety & Security, Accuracy, Responsiveness, Friendly, Personalized Service. Consistently demonstrates a strong commitment to Ion, willing to go "above and beyond" whenever necessary. This individual thrives in an environment that encourage teamwork and promotes inclusion by working with a variety of people.

As a Senior Credit Analyst, you are responsible for:

Ensuring sound commercial loan and mortgage underwriting to maintain and or limit the scope and risk in the Bank's loan portfolio. Providing timely and accurate credit analysis to ensure sound commercial C&I and CRE lending activities of the Bank. Conducting proper review and administration of existing and prospective commercial accounts. Acting as a liaison between the Credit Analysts and other departments and handling more complex credit analysis.

Responsibilities
  • Spread statements and conduct appropriate credit analysis of financial information on all commercial account relationships: perform comparative analysis on companies with similar financial data, ratios on liquidity position, profit margin, etc.
  • May have experience in SBA lending programs and underwriting procedures (SOP)
  • Proficient in writing clearly and concisely to generate accurate analysis and on commercial borrowers and prospective accounts in a form acceptable to senior management.
  • Be proficient at and fully utilize the Loan Vantage application software to analyze and track the loan application through the appropriate steps.
  • Receive preliminary information on borrower from Loan Officers; review loan relationship; ensure proper loan approval documentation
  • Prepare and distribute reports as required
  • Lead and participate in training sessions focused at improving credit skills, technology, techniques and efficiency.
  • Provide support and feedback to the lenders through analysis of loan transactions and offering insight, structuring suggestions, and risk identification and mitigation.
  • Research external sources in effort to improve the quality and insight of transaction analyses.

Key Result Areas
  • Ensure compliance with Bank's loan policy and regulatory requirements
  • Provide high quality of service to the Bank's external and internal customers
  • Ensure sound underwriting to accurately risk rate loans within the commercial portfolio

Education and Qualifications:
  • Bachelor's degree in Business Administration or equivalent experience.
  • Five or more years of experience in a Commercial Credit/Lending department.
  • Strong verbal and written communication skills, ability to communicate at all levels of the organization.
  • Knowledge in underwriting and credit analysis with knowledge in financial statements and tax return analysis.
  • Knowledge of lending activities including commercial, real estate and loan processing.

Benefits:
  • Health Insurance (Medical, Dental Vision)
  • 401k and Employer Match
  • Life Insurance
  • Disability
  • HSA
  • FSA
  • Educational Assistance
  • Wellness Programs
  • Employee Assistance Program
  • 15 Paid Time Off Days
  • 11 Paid Holidays
  • Job Shadowing
  • Volunteer Opportunities

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