Credit Analyst I Details

Credit Analyst I

Union Bank of Michigan - Lake Odessa, MI

Employment Type : Full-Time

Credit Analyst I

Union Bank is seeking a detail-oriented accounting/finance graduate for the position of Credit Analyst I, who is fanatical about attention to detail with the analysis of financial information for current and prospective borrowers at our Lake Odessa Office. Qualified candidates will have a minimum of a Bachelor's Degree in Finance, Business Admin or Accounting or equivalent work/education experience; and minimum of 6 months of previous credit analysis, accounting, finance or relevant work experience preferred. Candidates with an aspiration to learn and grow in the Agricultural and Commercial Lending fields are encouraged to apply.
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Position Summary*
Under general supervision, gathers and analyzes credit information on current and potential borrowers; determines the advisability of granting credit for diversified types of loans; works with loan officers to ensure loan files are complete prior to review; prepares spreadsheets, reports, summaries and opinions for financial institution officers on new, renewal and existing loans.
Essential Functions

• Provides accurate information and sound judgments on the credit worthiness of assigned accounts to aid Commercial Loan Officers of the Bank Lending Department in granting loans.
• Provides sound and adequate technical advice to Bank Officers relating to credit analysis through gathering and evaluation of data.
• Generate financial ratios, using computer programs, to evaluate customers' financial status.
• Compiles and analyzes data for specialized projects and makes recommendations which are meaningful and accurate on selection of prospective customers for specific financing programs.
• Prepares commercial loan presentations for credit committee and board of directors' meetings.
• Assists the Senior Credit Manager in the review of commercial loan files following the closing of all loans.
• Prepares and follows up on all guaranteed loan applications.
• Gathers financial statements and inputs information into Union Bank summary financial forms.
• Accompanies Commercial Loan Officers on calls when necessary.
• Performs required floor plan and inventory checks.
• Assists in organizing commercial loan files and maintaining accuracy of all documentation and tracking reports.
• Assists the Senior Credit Manager in the assigning of grades to all commercial loan customers.
• Modifies existing commercial presentation and credit review sheets to include more relevant and pertinent information.
• Monitors covenants for loan relationships, including borrowing bases.
• Assists in the monitoring of loan maturity reports.
• Completes monthly and quarterly reports and assists with the completion of action plans as assigned.
• Performs / assists with the daily maintenance and posting of data (loan input) in order to maintain the integrity of the Loan Portfolio data.

Other Functions

• Performs other duties and responsibilities as assigned.
• Adhere and comply with all Bank Policies.
• Familiar with and abides by all bank regulations including but not limited to BSA and OFAC.

Working Conditions of the Job

• Stationed at desk 95% of working time.
• No specific hazards.
• No unusual physical exertion required.

Job Qualifications

• Excellent written, verbal and analytical skills.
• Ability to maintain confidential information.
• Ability to work independently in a fast-paced environment with tight deadlines.
• Prior experience in a lending environment is preferred; agricultural business knowledge a plus.

Education & Work Experience

• Bachelor of Science degree in Finance, Business Administration or Accounting or equivalent work experience.
• Minimum of 6 months experience in accounting, finance or relevant work experience.

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EEO Statement*
Union Bank provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law. Further, the company takes affirmative action to ensure that applicants are treated fairly during employment without regard to any of these characteristics. Discrimination of any type will not be tolerated.
This job description does not list all of the duties of the job. Other duties and responsibilities may be assigned. This job description may be revised at any time. This job description is not a contract for employment and either the employee or the employer may terminate employment at any time, for any reason or no reason.

Job Type: Full-time