Credit Analyst

Are you looking for an employer that provides 5 weeks of PTO and benefits upon hire, focuses on advancement opportunities, and has an overall average employee tenure of a decade? With tuition reimbursement, wellness incentives, and a 401K plan with dollar-for-dollar match, Florence Bank has it all!

At Florence Bank, we offer:

• Competitive salary
• Generous paid time off
• Hybrid work schedule after successfully completing 6 months of employment
• 12 paid holidays
• Dynamic work culture
• Fun work environment
• Weekly pay schedule
• Medical, dental, vision and life insurance upon hire
• 401K plan with dollar-for-dollar match
• Profit sharing bonus after two full calendar years of employment
• Robust wellness program with monetary incentives
• $5,000 tuition reimbursement each calendar year

We are currently seeking candidates to join our exceptional team for the following position:

Job Title: Credit Analyst
Location: Main Office

Salary Range: $62,000.00 to $80,000.00
*Compensation for this position is commensurate with experience. The posted range is intended to provide a general estimate and does not guarantee a specific rate of pay.

Position Summary: Analyzes all relevant credit and financial data used in evaluating the creditworthiness of commercial borrowers and in preparing of a comprehensive objective credit analysis in order to assist management in the loan decision making process; accompanies Loan Officer on business calls to existing and prospective customers as needed, and assists the Loan Officer in developing and preparing the loan proposal; provides administrative support to Commercial Lenders and Credit Officer. 

Essential Functions:

1. Consistently provides superior professional service to internal and external customers.
2. Consistently meet expectations of teamwork, punctuality and regular, reliable attendance.
3. Prepares objective, written analyses of the Bank’s commercial and real estate loans to be used by lending officers and senior management in the loan decision making process. Demonstrates a solid ability to recognize and assess pertinent risks and identifies the impact of non-financial and external factors, which range from general economic issues to industry and management issues, may have on the borrower’s ability to meet its obligations.
4. Analyzes financial statements and cash flows in order to determine profitability, capital adequacy, liquidity, asset quality, and the ability to repay existing and proposed obligations.
5. Accurately spreads financial statements, prepares, and maintains financial spreadsheets using department software. Performs personal cash flow analysis and personal financial statement analysis on individuals in order to determine liquidity, availability, and total liability.
6. Remains current on all Bank credit policies and existing laws and regulations, verifying conformity and noting exceptions in existing and prospective credit relationships.
7. Gathers and assimilates appropriate data for each credit analysis and determines the need to request additional information. To complete work assignments on a timely basis, meeting applicable deadlines and working independently.
8. Identifies potential or developing problems within the loan portfolio and recommend risk rating adjustments.
9. Reviews commercial real estate appraisals for accuracy and confirms/accepts values.
10. Prepares adversely classified loan memorandums for troubled borrowers outlining Bank risk and action plan.
11. Performs annual credit reviews of Bank’s largest borrowers to access on-going risk and repayment ability.

Other Responsibilities: Assumes additional responsibilities, as requested.

 Education, Experience, and Skills Required:

The following skills, experience, or background are necessary (with or without accommodation) for this position.

1. A bachelor’s degree or the equivalent work related experience in business, finance, or accounting in order to be able to analyze financial statements and to make industry evaluations.
2. A high level of analytical ability and detail orientation to determine the loan risk involved and recommend credit limitation and structure.
3. Strong verbal and written communication skills.
4. A minimum of one year of prior credit experience in a banking environment.
5. Strong PC knowledge.

Physical Demands/Conditions Requirements:

1. General office environment.
2. Frequent use of computer.
3. Sits for an extended period of time.

Equipment Used:

• General office equipment.

All employees handling customer accounts and transactions have a duty to report apparent suspicious activity and OFAC matches to the BSA Officer and the Security Officer.

Florence Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, pregnancy, genetic information, disability, status as a protected veteran, or any other protected category under applicable federal, state, and local laws.