OlympiaRecruiter Since 2001
the smart solution for Olympia jobs

Credit Analyst

Company: Heritage Bank
Location: Olympia
Posted on: August 26, 2020

Job Description:

The Credit Analyst is responsible for assisting Commercial Bankers in underwriting credits, portfolio management, maintenance, and customer service for an assigned portfolio of commercial accounts. Additionally, this position will assist to ensure compliance with all policies, procedures and regulations, and the accurate and timely delivery of documents for closing the loan. This position is relied upon to independently manage a small portfolio and prepare a thorough analysis of all aspects of a credit, including the preparation of financial spreads and projections in conformance with established Bank policies and procedures, for new loan requests, renewals and annual reviews, and responds to customer inquiries related to the lending process in a timely and accurate manner. This position is focused on Spec/A&D Construction Lending. Based on experience, Level I and II may be considered. The successful candidate will be able to: Provide an exceptional level of customer service around all aspects of the banking relationship with a focus on the credit aspects in conjunction with the Commercial Banker assigned to the relationship. Independently interacts with prospective and existing clients to collect financial statements, tax returns, and other applicable information, to include, but is not limited to account receivables aging s, account payable aging s, rent rolls, operating statements, leases, corporate documents, and environmental reports. Independently complete and/or coordinate with Credit Administration, financial statement spreading and cash flow/global cash flow analysis, as requested and needed. Identify loan purpose, source of repayment, collateral value/priority, and full written analysis of all credit elements within the credit memorandum (SCM). Participate in presentations/meetings with credit administration to negotiate structuring, pricing and edits needed to highlight and or partially mitigate credit risks. Track loan agreement compliance, covenant monitoring, borrowing base certificates and financial reporting, via use of the lending tickler system. Ensure timely and accurate follow up. Analyze financial and other information and complete file memos or written analysis to document trends and, where necessary, report and/or gain credit approval for action taken on Loan Agreement violations. Independently interacts with customers to collect information needed to complete loan renewals ahead of loan maturity dates, to include information needed to order new property appraisals, as applicable. Participate in the construction administration process by collecting and reviewing required information for monthly draws in conjunction with the RECAD team. Comply with governing regulations by maintaining current knowledge of commercial law, UCC and Banking regulations and policies to ensure conformity with required laws and terms. Accompany Commercial Banking Officer on business calls and/or site visits, as requested. Requirements: High School Diploma or equivalent required. Bachelor s degree in Business Administration, Finance, Economics, Marketing or relevant discipline required. MBA preferred. Level I - Accounting and financial analysis skills as developed through a combination of education and work experience required. 1+ year recent experience in a commercial lending support and/or credit analyst role, in the financial services industry preferred. Level II - 3 5 years of recent commercial credit underwriting experience, which includes financial statement analysis, cash flow analysis, collateral evaluation and loan structuring in a commercial banking environment required. C& I experience desired. Completion of a formal credit training program highly desired. Equivalent combination of education, formal credit training and relevant experience may be considered. Provides an exceptional level of quality service for internal/external customers; responds to customers' needs, questions and concerns in an accurate, effective, and timely manner. Excellent listening, verbal, written and telephone etiquette business communication skills, with the ability to communicate outstanding/follow up issues over the phone, in person and via email; effective presentation skills, with the ability to read, write, speak and understand English well. Working knowledge of accounting and finance theory and practices, including Generally Accepted Accounting Principles, taxation, legal forms of organizations, and business law. Ability to interpret financial statements/spreads (including cash flow, balance sheet, and profitability), and present facts and offer opinions concerning credit worthiness. Knowledge of financial modeling techniques, and ability to identify recurring and non-recurring sources of cash flow and guarantors ability to service debt. Knowledge and experience interpreting credit reports and industry financial information averages. Working knowledge and experience of lending practices, collateral perfection, loan documentation, disclosures, terminology, and legal documents. Ability to understand and apply principles, procedures, compliance requirements, federal/state regulations, and policies related to assigned area, as well as the Bank s policies, procedures, products, and services. Strong organizational, time management, data review and processing skills; with the ability to identify and resolve exceptions and interpret data in a timely manner. Demonstrated analytical and problem-solving skills with excellent attention to detail and a strong focus on accuracy. Demonstrated ability to quickly focus on key issues and make decisions under pressure of time constraints and/or competing deadlines with minimal direction and oversight. Unquestionable integrity in handling sensitive and confidential information required. Proficient use and understanding of MS Office products (Word, Excel, Outlook), with the ability to learn and adapt to new technologies quickly and gain working knowledge of financial services loan systems and credit software applications required. Travel may be required for customer meetings and/or participation in site visits; valid driver s license and proof of insurance. Working Environment/Conditions: Climate controlled office environment. Occasionally exposed to outdoor weather conditions. Work involves being able to concentrate on the matter at hand, under sometimes distracting work conditions, and frequent employee and customer contacts and interruptions during the day. Work requires regular attendance, punctuality and adherence to agreed-upon schedule with willingness to work a flexible and/or rotating schedule and or extended hours, as needed. Physical Demands/Effort: Ability to operate a computer keyboard, multi-line telephone, photocopier, scanner and facsimile which often requires dexterity of hands and fingers with repetitive wrist and hand motion. Work may involve the constant use of computer screens, reading of reports; typically sitting at a desk or table; intermittently standing, stooping, bending at the waist, climbing, kneeling or crouching to file materials and/or conduct site/property inspections. Occasional lifting 10 15 lbs., files, boxes, etc. The above statements are intended to describe the general nature and level of work being performed and are not an exclusive list of all qualifications for this position. Heritage Bank is an Equal Opportunity Employer All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran status, disability, or any other basis protected by applicable law. Job applicants have certain legal rights. Please click here for information regarding these rights. If you need assistance completing the online application, please email: ##JobCategory:Commercial Banking## ##Street:201 5th Ave SW## ##City:Olympia## ##State:WA## ##ZipCode:98501## ##Internal:FALSE##

Keywords: Heritage Bank, Olympia , Credit Analyst, Accounting, Auditing , Olympia, Washington

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category
within


Other Accounting, Auditing Jobs


Tax Expert I
Description: Overview If you're a highly motivated individual with a business background and excellent communication skills, we need you to help our customers complete their taxes using TurboTax. You'll advance our (more...)
Company: Intuit
Location: Seattle
Posted on: 09/24/2020

Full Charge Bookkeeper
Description: Mt. Si Senior Center, a non-profit organization, is currently hiring a full-charge bookkeeper. This is a great local position in Snoqualmie Valley working for an organization that does great things for (more...)
Company: Mt. Si Senior Center
Location: North Bend
Posted on: 09/24/2020

Senior Accountant
Description: SummaryThis role is responsible for complex and multi-functional areas of accounting, maintaining proper accounting and financial control through reconciliation and analytical analysis related to assigned (more...)
Company: Matrix Finance and Accounting
Location: Seattle
Posted on: 09/24/2020


Tax Professional - CPA - Remote
Description: Overview 10 10 If you are a highly motivated individual with an active unrestricted credential CPA/EA/Practicing Attorney and excellent communication skills, we need you to help our customers complete (more...)
Company: Intuit
Location: Mount Vernon
Posted on: 09/24/2020

Bookkeeper
Description: br br br br br br Bookkeeper br -- br The Details br Full Time, Temp to Hire Industrial Bookkeeper working M-F, 7am - 3:30pm OR 7:30am to 4pm. br -- br Salary br 18 to 22 per (more...)
Company: NW Staffing Resources
Location: Snohomish
Posted on: 09/24/2020

Contract Administrator - Finance and loans - Interviews now!!!
Description: We are seeking an organized, experienced contract administrator to join our established organization. No limit on growth potential In this position,
Company: AppleOne
Location: Bellevue
Posted on: 09/24/2020

AP / Accounts Payable Accountant
Description: Description Seeking an AP Clerk for an assignment supporting our operation. Our company provides multiple benefits options that are ACA compliant, sick pay, and constant communication and support with (more...)
Company: Staffmark
Location: Vancouver
Posted on: 09/24/2020

Credentialed Tax Advisor - CPA, Enrolled Agent or Attorney
Description: Overview If you are a highly motivated individual with an active unrestricted credential CPA/EA/Practicing Attorney and excellent communication skills, we need you to help our customers complete their (more...)
Company: Intuit
Location: Seattle
Posted on: 09/24/2020

Warehouse Billing Clerk Night Shift
Description: Warehouse Billing Clerk - Night Shift Date: Aug 28, 2020 Location: Mount Vernon, WA, US, 98273 Req ID: 17027 Job Function: Administrative/Clerical Perdue Foods is part of Perdue Farms, a family-owned (more...)
Company: Perdue
Location: Mount Vernon
Posted on: 09/24/2020

Clinic Medical Assistant - Women's Health (CHI/Virginia Mason Joint Venture)
Description: Job Description: 10 10 Overview: CommonSpirit Health was formed by the alignment of Catholic Health Initiatives CHI and Dignity Health. With more than 700 care sites across the U. S. , from clinics (more...)
Company: CHI Franciscan Medical Group
Location: Bellevue
Posted on: 09/24/2020

Log In or Create An Account

Get the latest Washington jobs by following @recnetWA on Twitter!

Olympia RSS job feeds