Credit Analyst I

About The Role

Western Security Bank is hiring for a Credit Analyst. A Credit Analyst I contributes to the profitability of the WSB’s loan portfolio by supporting the bank’s Commercial Lenders with the analysis of financial statements, cash flows, credit analysis, pricing analysis, and credit approval packages. Will be responsible for gathering and analyzing credit information on current and potential borrowers. Will assist in determining the advisability of granting credit for diversified types of loans. Will assist lenders with writing loan requests. A Credit Analyst I will work independently as well as in cross functional teams with various levels of knowledge. These cross functional teams assist internal support staff to accomplish position / department / customer goals within regulatory / policy guidelines.

Duties & Responsibilities :

• Reviews credit requests and assists lender as to the approval or denial of loan requests by : Accurate and prompt analysis of financial statements and tax returns, utilizing financial analysis software as appropriate.Assist the lenders with determining the appropriate loan product to fit the customer’s needs.Authoring the appropriate credit authorization form.Attending loan committees and participating in the presentation of the loan.Periodically updates and reviews outstanding loan financial information as determined by conditions of the initial credit authorization and as appropriate.
• Prepares credit analysis by spreading financial statements / tax returns and completing applicable forms in a manner consistent with loan policy, laws, rules and regulations and provide feedback to loan officers regarding concerns or questions that arise while performing the analysis.
• Typically underwrites non-complex credits less than $1,000,000 but may exceed this limit depending on complexity.
• Perform some portfolio monitoring activities including annual loan reviews and covenant testing.
• Discuss topics with the loan officers so that they have an understanding of the strengths and weaknesses of the borrowing entity.
• Remains current on loan programs and lending regulations as well as compliance and bank policies and procedures including, but not limited to, a working knowledge of SBA and various external loan programs and products.
• Has a complete working knowledge of WSB loan policies.
• Works with Bank support staff updating financial tracking systems and collateral tracking systems, identifying outdated and missing items and assisting lenders in requesting them from borrowers.
• Participates in the preparation of Bank reports specific to the Commercial Loan Department when asked.\
• This role is developmental in nature and is expected to; respond proactively to coaching, develop skills necessary to assist Loan Officers with deal structuring, policy interpretation, and systems usage. Learn and adhere to Reg B guidelines.
• Works with the lenders and support staff to ensure that loan documentation is complete and correct prior to closing.
• File maintenance as instructed.
• Responsible for listening to the internal and external customer’s needs.
• Responsible for making recommendations to the Loan Officer that will meet the customer’s needs and providing a simple description of the solution(s) that shows the benefits.
• Assists in exploring business development opportunities with designated businesses.
• Functions as a knowledgeable and professional representative of WSB internally and in the community.
• Participates in new business development efforts by participating in community events and organizations.
• Assists Loan Officers with the sale of Bank products and services to customers / prospects through analyzing customer needs and recommending appropriate products.
• Contributes to meeting the sales / marketing goals of all WSB departments and partners by : Identifying and referring prospectsIntroducing the customerArranging an appointment, or arranging for the appropriate department to contact the customer directly
• All employees are accountable for compliance with applicable laws and regulations when performing their job duties. Each employee is expected to participate in required training to become familiar with the legal and regulatory requirements affecting his or her job responsibilities. It is the affirmative duty of each employee to carry out these responsibilities at all times in a manner that complies with all applicable legal and regulatory requirements, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
• Adhere to and model Western Security Bank Company Mission and Vision Statement, Core Values and Service Principles.
• Keeps management appropriately informed of area activities and of any significant problems.
• Participate in Community Service and Bank sponsored activities that serve and support the mission and values of Western Security Bank.
• Provide superior internal and external customer service : must demonstrate self-governance, courtesy, and respect toward external customers as well as internal customers (all organization personnel).
• Complete required bank and OnCourse training courses within assigned time frame(s).
• Represent Western Security Bank in a professional manner which includes a professional image, confidentiality, a positive attitude, good attendance, punctuality, flexibility and adaptability in meeting bank and customer needs. Keep work area tidy and maintain customer privacy. Attends and participates in meetings as required.
• Additional duties as requested or assigned.

About You

What We Offer

COMPENSATION & BENEFITS : Starting salary is dependent upon relevant experience and may vary based on the geographic location of the position. We offer an extensive benefits package that includes, but is not limited to medical, dental, vision, and life insurance. Coverage is available to employees and their eligible dependents in accordance with our written plan documents. You may also be eligible for a health savings account option, an Employee Assistance Program (EAP), a health rewards program, a retirement savings plan, including 401(k) and Profit-Sharing plans, short and long-term disability benefits, education and training benefits, and discounts on banking products and services. We also offer a generous Paid Time Off (PTO) plan and paid holidays. PTO accruals begin at .0745 per hour worked for our part time employees up to a maximum accrual of 240 hours per year for certain Full-Time employees. PTO accruals are dependent on position, status (Full time or Part time), and years of experience in accordance with our PTO policy. Most Full-Time employees are also offered 6 paid holidays and Part Time employees are offered pro-rated paid holidays. In addition, employees in Utah and Nevada may be eligible for pay for certain state recognized holidays. Visit our website for more details. Check it out!