Description
Title: Credit Analyst
Job Summary:
The Credit Analyst will review the creditworthiness of individuals or businesses to determine the risk involved in lending money or extending credit.
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
Duties/Responsibilities:
- Analyzes credit data and financial statements of individuals or businesses to identify the degree of risk involved in lending money or extending credit.
- For individuals, performs research to verify employment and income, inspects reports from credit reporting agencies, and reviews FICO scores.
- For businesses, compares to similar businesses in terms of liquidity, profitability, and credit histories.
- Uses computer software to further evaluate customers’ financial status and produce financial ratios.
- Compiles information, completes loan applications, and composes reports detailing the degree of risk involved in loan or credit request; recommends approval or denial based on results.
- Sets interest rate and minimum or maximum term of repayment for customers based on earnings, savings data, payment history, and purchase activity.
- Determines the expected profitability of loans by analyzing a business’s financial data including quality of management, income growth, and market shares.
- Resolves customer complaints and verifies transactions through consultation.
- Identifies delinquent accounts through the review of individual or commercial customer files.
- Performs other related duties as assigned.
Requirements
Required Skills/Abilities:
- Ability to exhibit our core values; Integrity, Enthusiasm, Accountability, Excellence, Customer First, Professionalism, and Respect.
- Identify and report risks that could impede the reputation, safety, security, or financial success of the bank.
- Excellent verbal and written communication skills.
- Proficient in Microsoft Office Suite or related software, as well as analysis software.
- Basic understanding of relevant equipment, policies, procedures and strategies used in credit analysis.
- Ability to identify discrepancies and problems.
Education and Experience:
- Bachelor’s degree in Accounting, Economics, Finance, Statistics, or Mathematics required.
Skills Required
- Bachelor's degree in Accounting, Economics, Finance, Statistics, or Mathematics
- Proficient in Microsoft Office Suite
- Proficient in analysis software (financial/credit analysis tools)
- Excellent verbal and written communication skills
- Ability to identify and report risks to the bank
- Basic understanding of credit analysis policies, procedures, and strategies
- Ability to identify discrepancies and resolve problems
- Knowledge of credit reports, credit reporting agencies, and FICO scores
What We Do
Vision Bank is a locally owned community bank headquartered in Ada, Oklahoma, with a history dating back more than 120 years. It provides trusted personal, business, and agricultural banking services to south central Oklahoma, offering a diverse array of products including free checking and savings accounts, home loans, personal loans, commercial loans, and trust services designed to help their local communities thrive.
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