Credit Analyst I
Job Type: Full Time
Location: Malvern, PA
Department: Credit Administration
Position Summary:
Position summary: Responsible for performing various duties to support the Commercial and Industrial Lending Department; coordinating work within the department, as well as with other departments; complying with operating policies and procedures established for this position. Reporting pertinent information to the immediate supervisor; responding to inquiries or requests for information.
Qualifications Required:
- Bachelor’s degree in Accounting/ Finance or related field
- 2-3 years of previous credit analyst experience
- Loan memorandum preparation required
- Debt service analysis experience required
- CASH (or equivalent) Financial Statement Spreading experience preferred
- Ability to work in a team environment
- Sound accounting, analytical, and mathematical skills
- Strong computer skills (MS Office, etc.)
- High degree of attention to detail and ability to multitask
Essential functions and responsibilities:
- Develops complete analysis of business and financial risks of potential borrower. Makes assessment of financial condition and performance and recommend a sound credit decision
- Completes full loan approval memo based on current Bank policy. Accurately states loan structure, conditions and reporting requirements based upon officer input. Performs credit analysis of prospects and customers assessing company’s / project’s history, industry trends, cash flow, leverage and collateral values
- Researches legal entity for formation documents, existing debt and liens, industry analysis and economic outlook. Completes summary background and ownership/management structure
- Prepares and maintains financial statement worksheets and complete spreads in accordance with generally accepted accounting practices
- Completes specialized duties unique to assigned commercial business, such as assisting in portfolio monitoring and review of existing facilities
- Monitors loan portfolio and assist in reporting of various loan quality measurement including: preparing reports, and ongoing review of expiring loan extensions
- Inputs and calculates global cash flow and debt service ability on spreadsheets. Prepares schedules for complete personal and/or business income and debt service from financials and credit reports. Analyzes and interpret ratios, summarize for Loan Memo attachments
- Continuous development of accounting and credit analysis skills through coursework and RMA Financial Accounting self-study courses. Other coursework involving accounting, finance, and relevant case studies developed in-house at Meridian will be made available
- Ensures compliance, operational risk controls in accordance with Meridian or regulatory standards and policies; and optimize relations with regulators by addressing any issues. Notifies appropriate personnel of unique situations
- Compiles, evaluates, and analyzes a broad range of borrowers, both businesses and individuals, within the commercial loan portfolio and works with lenders to maintain and expand portfolios
- Demonstrates and promotes Meridian Bank’s Core Values: Our Partners, Our People, Our Bank and Our Communities
- Coordinates specific work tasks with other employees within the department as well as with other departments in order to ensure the smooth and efficient flow of information
- Abides by the current laws and organizational policies and procedures designed and implemented to promote an environment which is free of harassment and other forms of illegal discriminatory behavior in the work place
- Communicates with management and coworkers in order to integrate goals and activities
- Other duties as assigned
Success factors/job competencies:
- Organizational and time management skills
- Ability to work with little or no supervision
- Excellent interpersonal and communication skills
- Timely and regular attendance
- Completes work in a timely manner
- Accuracy and consistency of all inputs, calculations and attachments
- Actively seek coaching
Application Access:
- Jack Henry
Physical demands, work environment, and location:
- Physical Demands: The physical demands 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 necessary functions. This is a largely sedentary role, requiring the use of typical office equipment such as a computer, laptop and cell phone. Most work is completed in an office environment.
- Work environment: The noise level in this environment is minimal
- Location: Various Meridian Bank locations as assigned.
Equal Opportunity Statement
- Meridian Bank is an Equal Opportunity Employer
Performance standards:
- Annual review
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