HiringCafe
Posted 5y ago

Credit Analysis Officer (NE)

@ Cathay Bank
View All Jobs
El Monte, California, United States
OnsiteFull Time
Responsibilities:Review loans, Assess credit, Prepare reports
Requirements Summary:Analyze credit, underwrite loans, prepare credit analyses and reports, and ensure compliance with lending policies.
Technical Tools Mentioned:CASH Insight, Microsoft Office
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Job Description

GENERAL SUMMARY

Participates and follows established Bank policies and department procedures in the loan on-boarding process by providing credit and loan analytical expertise to a team of Commercial Loan Officers.  Analyzes prospective loan transactions and credit worthiness of new and existing borrowers.  Prepares credit analysis and may provide opinions and recommendations regarding proposed credit and potential risks to both collateral and financial performance.  Ensures all due diligence and background evaluation is complete and thorough on a loan request so credit approval can be considered.

 

DIRECT REPORTS

The incumbent has no direct reports.

 

ESSENTIAL FUNCTIONS

  1. Reviews existing loan exposure, proposed extensions of credit and financial information; evaluates credit structure and terms; determines sources and uses of funds; analyzes industry data, competitive factors, historical performance, projected results, risks, and mitigating factors.
  2. Under the direction of the Underwriting Manager and/or in concert with the Account Officer, contacts borrowers directly, as appropriate, for additional information and details related to loan requests or for clarification of financial materials and resources.
  3. May suggest credit alternatives and creative ways to structure credits ensuring that transactions are within portfolio risk standards.  May authors credit approval report.
  4. Maintains up-to-date knowledge on all Bank lending policies and regulations.  Confers with the appropriate Bank personnel regarding new/existing lending requirements and regulations.
  5. Required to complete customized training in CAD.  
QUALIFICATIONS

Education
 

  • College degree in Finance, Accounting, Business or related field preferred. 
  • Intermediate accounting is required or must be completed within 12 months of hire.

 

Experience

  • Working knowledge of credit, accounting, credit procedures and financial statement analysis. 
  • At least 3 years of working experience in analyzing and underwriting lower to middle market commercial credit (C&I or CRE transactions), which includes analyzing financial statements, cash flow analysis, ability to research various industries, identify collateral issues and values, determine appropriate loan structuring and analysis of guarantor personal financial statements and tax returns. 
  • Minimum 3 years of actual authorship of credit approval report,

Skills/Ability

  • Good knowledge of commercial credit policies and procedures. 

  • Good organizational and analytical skills. 

  • Excellent verbal and written communication skills to present clear and precise recommendations based upon analysis of a loan structure and request. 

  • Ability to work with minimal supervision and in teams and interact effectively with most levels of Bank personnel and outside contacts.   

  • Proficient in Microsoft Office (Word, Excel, and Outlook) and financial spreading program such as CASH Insight.