Primary Purpose:
The Credit Analyst is responsible for accurately and timely spreading financial statements in accordance with bank policies and procedures, ensuring financial information is properly captured and maintained to support credit and portfolio management activities.
Essential Responsibilities:
- Researches and analyzes pertinent financial information for existing and potential commercial and consumer clients.
- Supports Commercial Lenders, Private Bankers, Branch Managers and Senior Bank Management through financial/credit analysis, ratio calculation and other requested underwriting support.
- Prepares the full suite of Credit Analysis Products:
- Personal Cash Flows
- Combined multiple Personal Cash Flows
- Business spreads
- Combined multiple business spreads
- Builder Cash Flow Model
- Financial Analysis Summary
- Prepares business spreads based on tax returns and/or business financial statements. Documents business trends that would have an affect on the Member’s ability to service the proposed or current debt obligation.
- Obtains credit bureau reports (Experian, D&B, retail credit) for the review of personal payment history and prepares business and global cash flows.
Minimum Required Skills & Competencies:
- High school graduate.
- College degree in business or compensating work experience in credit department and / or financial institution preferred; experience in field taken into consideration.
- Must be efficient and thorough, possess strong organizational skills, work well on your own and possess a willingness to learn and help others.
- Position requires excellent written and oral communication skills.
- Experience with computers and related software (Excel, Word, Access)
Desired Skills & Competencies:
- Ability to read, analyze, and interpret financial/credit documents and statements. Ability to analyze personal financial conditions and personal tax returns, partnership returns, and cash basis sole proprietors. Ability to write routine reports and correspondence. Ability to speak effectively before groups of customers or employees of organization.
- Ability to define problems, collect data, establish facts, and draw valid conclusions.
- Strong ability to interact with all levels of the organization. Organized, detail oriented, ability to clearly articulate matters whether over the phone or in person. Capable of working independently, ability to plan and set priorities and meet deadlines. Ability to work under stress and manage deadlines. Able to maintain confidentiality.
- Bachelor's degree in Accounting or Finance. Working knowledge of applicable industry, law and regulations required to review credit risk. Strong verbal and writing skills in addition to excellent computer skills (Word and Excel).
Physical Requirements:
- Express or exchange ideas by means of the spoken word via email and verbally.
- Exert up to 10 pounds of force occasionally, use your arms and legs, and sit most of the time.
- Have close visual acuity to perform activities such as analyzing data, viewing a computer terminal, reading, and preparing documentation.
- Not substantially exposed to adverse environmental conditions.
- The physical demands described here are representative of those that must be met by an employee to successfully perform the essential responsibilities of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential responsibilities.
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
Skills Required
- High school graduation
- College degree in business or equivalent compensating credit department or financial institution experience
- Strong organizational skills and attention to detail
- Excellent written and oral communication skills
- Computer proficiency, including Excel, Word, and Access
- Ability to analyze financial and credit documents and statements
- Ability to analyze personal financial conditions and tax returns
- Ability to define problems, collect data, establish facts, and draw valid conclusions
- Ability to work independently, prioritize tasks, and meet deadlines
- Ability to maintain confidentiality
- Bachelor's degree in Accounting or Finance
- Working knowledge of applicable industry laws and regulations for credit risk review
TowneBank Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about TowneBank and has not been reviewed or approved by TowneBank.
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Leave & Time Off Breadth — PTO, all federal bank holidays, and an extra birthday day off are highlighted, with paid parental leave also offered. Time off can be used for vacation, illness, caregiving, bereavement, and birth/adoption for both full- and part-time staff.
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Wellbeing & Lifestyle Benefits — Wellness initiatives include on-site screenings, fitness-club reimbursement, virtual fitness and mindfulness classes, and various employee discounts. An Employee Assistance Program and wellness resources support everyday wellbeing.
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Retirement Support — A 401(k) with employer contributions through Principal and retirement planning tools are provided. A standard match with full vesting over five years is noted.
TowneBank Insights
What We Do
Founded in 1999, TowneBank is a company built on relationships, offering a full range of banking and other financial services, with a mission of serving others and enriching lives. Dedicated to a culture of caring, Towne values all employees and members by embracing their diverse talents, perspectives, and experiences. Today, the bank operates over 40 banking offices throughout Hampton Roads and Central Virginia, as well as Northeastern and Central North Carolina – serving as a local leader in promoting the social, cultural, and economic growth in each community. Towne offers a competitive array of business and personal banking solutions, delivered with only the highest ethical standards. Experienced local bankers providing a higher level of expertise and personal attention with local decision-making are key to the TowneBank strategy. Towne has grown its capabilities beyond banking to provide expertise through its controlled divisions and subsidiaries that include Towne Investment Group, Towne Wealth Management, Towne Insurance Agency, Towne Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Berkshire Hathaway HomeServices Towne Realty, Towne 1031 Exchange, LLC, and Towne Vacations. NOTICE TO CONSUMERS REGARDING MARYLAND LENDER LICENSEES: TowneBank is licensed to engage in business as a Maryland Mortgage Lender and assigned a unique NMLS identifier number: 512138. The NMLS Consumer Access Website is linked here: www.nmlsconsumeraccess.org Interested in joining the Towne Family? Available positions are listed at www.townebank.com/careers. TowneBank and its affiliate companies support a diverse workforce and are Equal Opportunity Employers who do not discriminate against individuals on the basis of race, color, religion, national origin, age, sex (including pregnancy and gender identity), genetics, sexual orientation, disability, veteran status or other classification protected by law.








