Credit Analyst I

How will your role impact First Command?

The Commercial Credit Analyst is responsible for analyzing and evaluating the creditworthiness of existing and prospective commercial borrowers by reviewing financial statements, tax returns, industry trends, and other relevant data. This role primarily supports the commercial loan portfolio management process by providing detailed credit analyses, risk assessments, and recommendations to aid in loan approval and portfolio monitoring decisions. The analyst works closely with portfolio managers, loan officers, and management to ensure accurate and thorough evaluations.

What will you be doing? 

• Accurately spreads, analyzes, and interprets financial information on existing and prospective Borrowers, providing detailed footnotes as appropriate.
• Identifies material variances in borrowers' financial statements and tax returns and provides analyses on same; this may entail obtaining additional information by direct communication with the borrower, borrower’s CPA, and/or the financial advisor as well as researching industry sources or other public records.
• Collaborates with the Lenders in the preparation of written credit approval presentations (CAPs) for Internal Lending Committee (ILC) and Directors Loan Committee (DLC) for use in making credit decisions on new loans, renewals, and modifications of existing loans. These CAPs will include, among other things, recommended loan structure, summary of transaction, interpretation of historical financials and projections for the first year of the loan, competition, credit report summation, Lexis/Nexus summary, and recommendation on approval/denial.
• Performs Annual Reviews on the less complex loans in the existing portfolio to confirm/assess the proper risk rating of individual loans and the compliance of borrowers with loan covenants. Alerts lenders and management of any irregularities. Prepares default/waiver letters for execution by the lenders.  
• On a limited basis under the close oversight of a Lender, engages in follow up with borrowers, advisors, title companies, bank legal counsel, and others as needed, post approval, to prepare for loan closing.
• Performs Post Close Reviews on the most basic transactions to ensure compliance with CAP requirements.
• Assists lenders with follow up on past due tickler items which are required by the loan documents.
• Assists in writing and/or updating department procedures, making recommendations for areas of improvement
• Prepares weekly, monthly, and quarterly reports for Management’s review and evaluation.
• Performs other duties as requested by supervisor

What skills/qualifications do you need? 

Education

• Bachelor's degree in Accounting or Finance with minimum of 12 hours of accounting, or
• Bachelors degree in any other discipline with a minimum of 15 hours of accounting, or
• No degree required if candidate has completed a minimum of 60 hours of college credit, and a minimum of 21 hours of accounting completed within the last 5 years.

Work Experience

• Previous experience in commercial credit analysis, tax return analysis, or tax return preparation preferred

Knowledge, Skills and Abilities

• Proficiency in Microsoft Word and Excel, certification preferred
• High degree of attention to detail
• General understanding of basic accounting principles and cash flow
• Basic understanding of finance, including calculation of payments, rate, and amortization
• Ability to work on multiple projects simultaneously with moderate supervision.
• Strong oral and written communication skills

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