POSITION SUMMARY:At The F&M, our Credit Analyst Department ('Credit') is a valuable resource for Commercial & Ag Lenders, Loan Committees, Management, and the Bank's clients to create a safe and sound financial institution. Credit is a culmination of accounting, finance, economics, business law, and occasionally other academic disciplines. The Credit Department seeks inquisitive and analytical bankers to ask important questions about Borrowers' ability to service debt and delineate proper loan structure. F&M has a prudent and strong credit culture, and we service many large and complex lending relationships. A Senior Credit Analyst underwrites and analyzes more complex and larger credit exposures without requiring advanced supervision. To be an effective Senior Credit Analyst, candidates will need a strong understanding of tax returns with voluminous pass-through entities, ability to summarize lengthy lease agreements, and spreading advanced tax returns and financial statements with an understanding of UCA cash flow, fixed charge coverage ratio, and other advanced methods of credit analysis. A Senior Analyst must be able to ask relevant and meaningful questions to receive key information from Lenders and Borrowers that might not always be obvious, and then summarize the data in an effective manner. The Credit Department's goal is to minimize loan losses, create a quality loan portfolio with advanced analytical data, and help our customers succeed.RequirementsOBJECTIVES OF THIS ROLE:
- Serve internal customers by providing swift underwriting of Commercial and Ag loans
- Identify risks and mitigants of a credit request and provide feedback to Lenders, Credit Managers, and Loan Committee regarding loan structure and areas of emphasis
- Ensure the Bank has underwritten sufficient information for complex Guarantors to highlight other areas of risk that might exist outside of the Borrower's credit request, including global cash flows and other enhanced analysis
- Provide technical advice and assistance to Lenders and other individuals in the lending function of the Bank as needed
- Ensure annual reviews and new approvals have current and required financial information to satisfy internal credit decisions, external loan review assessments, and examiner reviews, as well as confirm that loan risk ratings remain an accurate reflection of the credit risk
RESPONSIBILITIES:
- Spread and analyze tax returns and financial statements, including interpretation of key ratios
- Ensure the underwriting is presented accurately and has enhanced quality
- Communicate with Lenders regarding the information needed to complete underwriting
- Prepare Loan Proposals for Loan Committee decisioning
- Complete special projects for Management regarding the loan portfolio
- Stay informed about the legal, tax, compliance, and market-risk-related issues involved in the approval of credit
- Comply and satisfactorily pass tests for bank policy and regulatory compliance that apply to position
QUALIFICATIONS:
- Bachelor's degree from four-year college or university; or four or more years related experience and/or training; or equivalent combination of education and experience. Accounting or Finance Major is preferred.
- Advanced mathematical, analytical, reasoning, and problem-solving skills
- Advanced reading and interpretation skills for financial statements and legal documents
- Knowledge of Generally Accepted Accounting Principals and IRS Code
- Advanced writing and computer skills for Loan Proposals with ability to handle multiple tasks
- Ability to pass a background check
- Strong dedication to accuracy and efficiency
- Strong level of ethics, trustworthiness, character, professionalism, confidentiality, and honesty
ADDITIONAL REQUIREMENTS:Certificates and Licenses
Physical Demands The physical demands and work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.Job Competencies:
- Job Knowledge: Understands duties and responsibilities, possesses necessary job knowledge and technical skills, maintains job knowledge current.
- Productivity: Manages a fair workload, volunteers for additional work, prioritizes tasks, develops good work procedures, manages time well, and handles information flow.
- Quality: Is attentive to detail and accuracy, is committed to excellence, looks for improvements continuously, monitors quality levels, finds root cause of quality problems, owns/acts on quality problems.
- Self-Development: Seeks out and accepts feedback, is a proactive learner, takes on tough assignments to improve skills, keeps knowledge and skills up-to-date, turns mistakes into learning opportunities.
- Adaptability: Ability to plan and organize work in new or changing situations, to apply self in emergencies and to respond to new procedures.