Senior Credit Analyst

Job Description

SUMMARY

This position is responsible for due diligence, analytical and underwriting support, writing Credit Approval Memorandums (“CAM”), recommending and presenting to the Credit Committee decisions on Commercial Real Estate (“CRE”) transactions, up to a highly complex level. CRE loan transactions include acquisitions, ground-up construction, repositioning, lease-up, and stabilized collateral assets. The analyst must ensure the portfolio remains creditworthy, compliant with the Credit Policy, and align with strategic targets, as dictated by management. Understanding and applying OCC (“Office of the Comptroller of the Currency”) guidance and regulatory expectations is a critical part of being a Senior CRE Credit Analyst.

Although there is no direct supervisory responsibility, the position also may assist the CRE Credit Manager in the training and oversight of Junior Credit Analysts specializing in CRE. The individual must be fully experienced in all aspects of credit analysis. The major difference between this position and Credit Analystis the depth of experience, ability, and independent judgment that are required.

DUTIES & RESPONSABILITIES:

• Work with lenders or relationship managers to structure terms (e.g. amortization, covenants, recourse).
• Analyze the creditworthiness of new and existing CRE borrowers, property cash flows (NOI, DSCR), market conditions, and collateral valuations.
• Prepares credit analysis report in the form of CAMs for use by lendingofficers and the Bank’s respective Credit Committees for their consideration to approve or deny credit facilities for corporations and individuals. In order to accomplish this function, the analyst:
• Assigns the corresponding loan codes to each credit facility.
• Verifies that the required levelfor financial information submitted by the borrowers conforms to Bank’s policy.
• Spreads into the corresponding programs or Microsoft Excel the financial statements and/or tax returns submitted by the borrower or prospect client. This may involve financial modeling of distinct CRE projects (including pro forma models, lease-up assumptions, and refinance analysis).
• Analyzes financial ratios derived from the spreading of the financial information, e.g. DSCR, Debt Yield, LTV, etc.
• Reviews the comparative rental market analysis and draws appropriate conclusions.
• Runs and analyzes appropriate credit reference reports such as CBI credit reports, and any other available credit reports.
• Analyzes background check reports such as OFAC, Lexis-Nexis, Google searches, county records and any other available public site.
• Requests and reviews credit references from other Lenders and other available informational sources.
• Confirms the Bank’s collateral position by researching county and state’s sites to ascertain that no liens precede the Bank’s approved position
• Prepares credit analyses reports by presenting facts, and offers reasoned opinions in respect to the credit condition of the applicants/borrowers being reviewed.
• Stress test financial models for adverse scenario (e.g. declines in Rent, increases in Vacancy, Interest Rates, and Cap Rates).
• Analyze and propose mitigants (e.g. reserves, guarantees, etc).

All of this work is conducted in a largely independent manner, with only occasional consultation and review by the CRE Credit Manager.

• Prepares industry study reports on the industries in which the Bank extends credit. Reviews the Bank's portfolio position in each industry being analyzed and assesses the overall risk position being incurred.
• Provides clear assessment as to whether proposed or existing loan is within established credit policy guidelines.
• Conduct annual or periodic credit reviews.
• Provides assistance to other Credit Analysts, the Credit Manager, and the Chief Credit Officer as needed.
• Carries out any project as assigned by the Credit Manager or Chief CreditOfficer.
• Maintains extensive communication with Lending Officers providing assistance on the preparation of new loans and renewals.
• Assists the Credit Department Manager and Chief Credit Officer in training and supervising more junior credit analysts by showing them how to spread and analyze financial statements, prepare market analysis, internal valuations, calculate and utilize financial ratios, understand and utilize cash flows, and evaluate all of the non- numerical aspects of evaluating credit risk.
• Help refine underwriting standards and risk appetite strategies.
• Provides necessary support to Credit Manager and Chief Credit Officer.

DESIRABLE EXPERIENCE AND SKILLS:

• Requires a Bachelor’s degree, preferably with a business or finance major. An advanced degree in business, finance, or economics is desirable.
• A minimum of five (5) years previous credit training and experience is required, although six (6) or more years of such experience are desirable.
• Experience in full lifecycle CRE transactions: acquisitions, refinancing, construction/development, repositioning, lease‑up, stabilization.
• Proven track record with multiple property types (e.g. multifamily, office, industrial, retail, hotel, etc.).
• Experience with sponsor/guarantor credit analysis, reviewing tax returns, financial statements, and guarantor global exposures.
• Experience preparing credit approval packages and presenting to credit committees
• Requires strong knowledge and experience with word processing and spreadsheet software such as Microsoft Word and Excel. A high level of accuracy is important.
• Work typically involvesreading, large amountsof writing, and substantial arithmetical calculations. Requiresthe ability to conduct research, strong conceptual and analytical skills, and the ability to write and speak effectively.
• Fluency in both spoken and written Spanish is highly desirable.

Work is typically sedentary and requires the ability to work using computer equipment for up to 95 percent of the workday, but may require standing; occasional bending and stooping while accessing files and the ability to lift and carry up to 20 pounds.

Compliance with OFAC Regulations is the responsibility of ALL employees of the Bank. Employee is expected to be familiar with and have knowledge of the requirements of OFAC Regulations.

Intercredit Bank is an equal opportunity employer