Secured Credit Analyst

SUMMARY:

Secured Credit Analyst carries out the Secured Credit mission of independently monitoring collateral and approving advances on certain loans within the Commercial Banking portfolio: (i) Construction Loans, (ii) revolvers secured with trading accounts (Secured Lending) and (iii) lines secured by marketable securities.  The Analyst must interpret loan approvals and loan documents to determine the conditions of funding.  The Analyst must analyze documents supporting advances including American Institute of Architecture (AIA) certificates, inspection reports, borrowing base reports, Accounts/Receivable aging schedules, brokerage statements, etc. to determine funding availability and identify risks to the bank.

ESSENTIAL JOB FUNCTIONS:

Order and review appraisals, environmental assessments and property condition assessments.  Work with Appraisal Management Firms (AMFs) to coordinate the ordering and review of appraisals, as well as maintaining approved appraiser lists.

Create and maintain construction loan master files and draw files

Review and approve advance requests; Analyze AIA certificates, paid invoices, inspection reports, lien waivers, title takedowns and other relevant documents; Facilitate processing of advances in conjunction with Loan Servicing

Communicate out of balance and other significant issues to management and participate in the resolution of such problems

Identify needed changes to Call Codes and other system fields as loan moves through construction phase to permanent financing

Order and review field examinations; convey recommendations regarding loan structure to management and the lenders and remit invoices for payments

Create and maintain working files for each followed account, containing relevant loan documentation, customer information and collateral information

Evaluate accounts receivable including age of accounts receivable, accounting processes, customer credit policies and costs of collecting amounts due

Evaluate inventory and other collateral including composition, age, obsolescence, turns and trends and conduct field examination if required

Review financial statements to determine the company’s sales and profit levels and trends, cost of goods sold, net interest margin, as well as asset, liability and owner’s equity levels and trends.  Compare and contrast company’s performance to industry standards and peers, if appropriate

Provide lenders with timely, accurate and complete results of analysis and supporting information, collateral information and excess availability

Investigates to resolve discrepancies and /or disputes under the general guidance of senior management

Communicate status to the secured credit management and lenders regarding reporting collateral/availability status, unusual collateral performance trends or over advance status

JOB REQUIREMENTS:

High school diploma or equivalent required; Bachelor’s degree in Business, Accounting, Finance, Economics or related field preferred

KNOWLEDGE/SKILLS REQUIRED:

Outstanding verbal and written communication skills

Excellent presentation skills

Project management skills that foster collaboration between multiple departments as well as auditors and examiners

Problem solving skills and analytical planning skills

Excellent interpersonal skills

Ability to perform effectively in fast-paced environment

Proficient computer skills

Knowledge of credit administrative procedures, commercial lending practices, loan structures, regulations, risk assessment, products, data structures and reporting is a plus

PHYSICAL AND MENTAL QUALIFICATIONS:

Standing, walking, bending and stooping required

Must be able to sit at a desk for long periods of time and use a computer

Must be able to occasionally move or lift up to 10 pounds

May be asked to work supplemental hours periodically

Limited travel required occasionally during and after business hours

Hourly Pay Range: $20.50 - $35.60 per hour

Benefits: Eligible associates may participate in Carter Bank's benefits package, including medical, dental, vision, life insurance, disability coverage, other voluntary benefits, 401(k), paid time off, and paid holidays.