Here are some sample job advertisements for this type of role:
Northwest Farm Credit Services is in search of a Credit Officer to join our Lending and Insurance team in our Burlington, Washington branch location. As a member-owned financial cooperative, we help business owners in agriculture, forestry and fisheries secure the financing they need to operate and grow, and the crop insurance they need to protect their livelihoods. Our customers are primarily located in Montana, Idaho, Oregon, Washington and Alaska. Northwest FCS is a three time recipient of the Gallup Great Workplace Award, and the top scoring large company in the Best Place to Work-Inland Northwest competition four years in a row.
This full-time position reports to the Senior Vice President-Credit, and assists in providing sound, constructive credit and related services, typically supporting a portfolio of simple to moderately complex credit relationships.
Essential Duties and Responsibilities
- Gathers financial and business related information from customers, prospects and other available resources through personal interviews, phone interviews, and other information resources
- Analyzes basic financial statements, including opinions and notes, tax records, “in house” prepared financial statements and pro forma statements
- Prepares credit analysis and makes recommendations to appropriate management for review
- Supports customer relationships through marketing and servicing financially related products by communicating with customers, their professional representatives and employees at the branch office or customer locations
- Completes farm visits, collateral inspections and documents observations. This requires transportation to and from the operation, visually inspecting the condition and valuation of loan collateral
- Assists in credit investigations on applicants including public record searches, credit bureau reports, employment and income verification and asset and liability verification
Minimum Qualifications
- Bachelor’s degree in business or ag-related field, or an equivalent combination of education and experience
The Credit Officer 3-MME is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness. There are typically multiple people within the business that provide the same level of subject matter expertise. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Significant impact on the area through complex deliverables. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.
Responsibilities:
- Interface with and support bankers in underwriting requests for commercial credit extensions for new and existing clients with ownership responsibilities for sound credit decisions and compliance with internal procedures / credit risk policy guidelines and standards.
- Prepare a detailed written credit summary of commercial applicants requesting credit by analyzing the business, interpreting the finance need, identifying the strengths and prevailing risk factors and rendering a final credit decision.
- Perform detailed financial analysis on companies, including trend and ratio analysis, and interpret the financial information.
- Perform credit and personal financial statement analysis on individuals, guarantors, and co-borrowers in order to assess repayment capacity based on cash flow statements, tax returns, and statements.
- Perform industry and geographical research and other due diligence as needed.
- Maintain a solid understanding of Citibank products and services – within Small Business / Commercial Banking and the broader organization.
- Maintain compliance with Citibank credit policies / practices and regulatory policies, to ensure business unit is in adherence to the above and receives satisfactory ratings from internal and external auditors.
- Aids business unit goals by continuous identification of process improvements and efficiencies that reduce costs and improve customer service levels. Work with management team on prioritization and implementation of approved actions.
- Provide backup to Credit Underwriting Group Manager, lead projects and initiatives and mentor lower level Credit Officers as needed.
- Other duties as required to assist business unit and company goals.
- Recommend changes to process to achieve greater efficiency.
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm’s reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
Qualifications:
- 6-10 years extensive experience working in a financial institution, additional experience a commercial credit analysis and underwriting role. (credit trained) required
- Proven analytical skills including the ability to read and assess individual and company financial statements, cash flow, industry and competitive analysis and projections Demonstrated knowledge of intermediate accounting theory and its practical application in the credit underwriting process
- Excellent organizational skills, attention to detail, and the ability to complete assignments in a timely manner
- Exercises effective written and verbal communication skills, problem recognition and resolution skills, and ability to work automously and within a team
- Proficient in various spreadsheet and word processing applications (Excel and Word are preferred), including the use of graphs and charts, and Moody’s financial analysis software
Education:
- Bachelor’s/University degree, Master’s degree preferred
Riverview Bank is seeking a motivated, highly successful candidate to perform credit analysis on complex commercial credits, provide credit-related information regarding commercial credits and work with our Relationship Managers in a timely manner consistent with our policies; and ensure analysis accurately reflects the risks associated with the credits. This list is not all inclusive.
RESPONSIBILITIES
- Analyzes data and evaluates the short- and long-run prospects of the individual or company, i.e., creates comparison spreads and ratios, prepares reports, presents questions or problems to loan officers, prepares cash flows and debt service coverage, requests additional information as needed, etc.
- Receives data on prospective and active borrowing accounts, i.e., financial statements, agency reports, and interview and investigation sheets.
- Contacts customers or their accountants regarding questions about financial statements.
- Provides a credit risk rating after conducting a cash flow and collateral analysis or a full credit analysis and documentation review.
- Provides thorough documentation of all financial analysis work, including ratios and other related information.
- Ensures that all credit analysis activities are conducted in accordance with prescribed lending policy.
- Tracks application status, approval, and loan policy exceptions.
- Provides all necessary credit analysis work for review by Officers Loan Committee and Directors Loan Committee.
QUALIFICATIONS
- Bachelor’s degree/equivalent or 3-5 years related experience required.
- Ability to travel to various locations
Summary of Position: Through the use of financial statements and tax returns (including projections), analyze the creditworthiness of existing and prospective consumer and commercial borrowers. Complete loan applications, including credit analyses, financial statement spreads, and summaries of loan requests in preparation for Loan Committee and/or Board of Directors approval. Monitor all loans for potential deterioration in creditworthiness and make recommendations within Loan Policy guidelines with respect to risk grades and loan classification. Monitor macroeconomic trends and conditions in borrowers’ specific industries, and make recommendations with respect to external issues that may affect the borrower.
Key Job Functions (includes current duties, primary objectives, and responsibilities that are critical to the successful performance of this position):
- Utilize financial statements, tax returns, and all other pertinent information to prepare spreadsheets for analytical purposes.
- Utilize spreadsheets and other pertinent information on hand to perform credit analysis on a variety of existing and prospective consumer and commercial borrowers in order to determine creditworthiness.
- Initiate and complete loan applications and summaries of loan requests in preparation for Loan Committee and/or Board approval.
- Continuously monitor loan portfolio for potential deterioration in creditworthiness, and make recommendations to senior management with respect to risk grades or other actions.
- Accompany Loan Officers on customer calls if requested.
- Participate in weekly Loan Committee meetings.
- Prepare annual stress test of the loan portfolio.
- Prepare monthly/quarterly reports tracking loan reserve allowance, classified and delinquent assets, charged off loans, loan concentrations, exceptions to Loan Policy for Board of Directors.
- Perform other duties as required.
Qualifications:
- Excellent interpersonal and communication skills, with focus on quality and integrity.
- Strong oral and written communication, with effective interpersonal and relationship management skills to engage individuals at all levels of the organization.
- Assertive, results driven, self-motivated, with the ability to effectively plan and manage multiple projects.
- Flexible and adaptable to the workplace environment (work is generally independent and collaborative in nature).
Education and Experience:
- Bachelor’s degree, preferably with an emphasis in finance or accounting.
- 4-7 years of experience in similar field experience as an analyst, or previous work experience as a bank credit analyst.
- Proficiency with Microsoft Office software (Word, Excel, Outlook).
- Knowledge of Finastra loan platform (CreditQuest, DecisionPro, LaserPro) preferred, but not necessary.
Physical Demands:
- Hearing, speech, close vision
- Sitting, including computer use
- May, on occasion, be required to lift and/or move up to 25 pounds
First National Bank & Trust Co. is an Equal Opportunity Employer
Job Type: Full-time
Salary: $70,000.00 to $90,000.00 /year
Experience:
- credit analysis: 4 years (Preferred)
We are seeking a seasoned mortgage underwriter with the proper qualifications listed below.
- Experience USING ENCOMPASS LOS
- 2+ years of mortgage underwriting experience, including review of credit reports for accuracy and red flags, appraisal review, calculation of DTI, income, assets and LTV/CLTV and other complex financial documents (i.e. Tax Returns)
- Running AUS using DU and LPA
- Must show strong capacity to address credit related issues and points of risk to ensure that underwriting meets quality assurance standards.
- Familiarity with Secondary Market requirements.
- Strong analytical and judgment skills.
- Excellent interpersonal skills.
- Underwrite self-employed borrowers, tax returns, business returns etc.
- Ability to work in a fast-paced, high volume environment, while practicing sound lending judgment.
Job Type: Full-time
Salary: $75,000.00 to $90,000.00 /year
Experience:
- self employment underwriting: 2 years (Preferred)
- encompass los: 2 years (Preferred)
- underwriting to secondary market investors guidelines: 2 years (Preferred)
We are a direct funding company, located in Brooklyn, NY, looking for a proactive, energetic, and goal-oriented professional to join our team as a senior underwriter.
Responsibilities:
- Responsible for full cycle underwriting process of new files and renewals, which includes the analysis of credit reports, bank statements, and various other business documentation.
- Perform detailed financial analysis to determine the credit worthiness of a merchant.
- Make decisions based on company checklists and guidelines.
- Issue MCA approvals.
- Communicate with ISO’s, sales managers, and merchants in both written and verbal form.
- Negotiate terms and rates and assists in resolving problems that may arise on pending contracts.
- Restructure and standardize company underwriting process.
- Managing team of Jr. underwriters
Desired Skills and Experience for an Underwriter position:
- Strong work ethic.
- 3+ years of total underwriting experience in specifically in this industry is required.
- Cash Advance experience (2nd and 3rd positions) is preferred.
- Excellent verbal and written communication skills.
- Detail oriented with strong analytical skills.
- Ability to multi-task, work independently and prioritize in a fast-paced environment.
- Expert understanding of the MCA lending process coupled with the ability to recognize positive and negative trends in credit performance.
About us:
Premier Capital Funding, LLC – an A-Ranked, Direct Funding Company Providing Quick Working Capital for Small and Medium Businesses.
Our alternative lending solutions cover the need for small and medium businesses in getting working capital. Unlike business loans, credit lines, factoring and other traditional banking products, our cash advances allow getting the necessary funding with an easy application process in just a few days.