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Credit Risk Analyst
Pittsburgh, PA
Job Description
Job Overview:
The Credit Review Analyst is responsible for performing commercial loan reviews to ensure credits are appropriately risk rated or adversely classified when potential credit weaknesses exist; the ability to document loan review findings and assist in report preparation; and to ensure lending practices conform with established loan policy; serve as a back-up to the AVP, Loan Review Manager as needed.
Qualifications:
* Bachelor's degree in Accounting, Finance, Economics, or related field is required. Will consider commensurate experience.
* Minimum three (3) years of loan review, credit, or bank examiner, or equivalent is required.
* Working knowledge of accounting principles, credit administration, and loan documentation.
* Effective interpersonal skills, and oral and written communication skills.
* Strong analytical, organization and process skills, with attention to detail.
* Self-starter that can work with limited supervision.
* Bank examination experience, including direct contact with examiners, preferred.
Principal Activities and Duties:
* Review commercial loan files of all credit types for the purpose of evaluating borrower relationships to determine loan repayment ability and assessing adequacy of assigned credit risk rating.
* Confirm that loans reviewed are closed in accordance with proper approval.
* Determine adherence to loan policy and ensure policy exceptions are disclosed and mitigated.
* Assess effectiveness of ongoing credit administration of loans reviewed.
* Factors to be reviewed for both accuracy and adequacy include analysis of individual, company, and/or global cash flow performance; analysis of the collateral and guarantor strength as secondary and tertiary sources of repayment; identification and proper mitigation of key credit risks; and completeness of credit file with current and relevant information and officer narrative memos.
* Assess loan officers' adherence to the bank's lending policies and procedures and monitor compliance with banking laws and regulations.
* After the review of each relationship, assign an appropriate grade using the bank's established guidelines and parameters. Provide detailed reasons/rationale for assigning differing risk ratings, address findings with the appropriate individuals and recommend corrective action, if necessary.
* Identify loans with well-defined weaknesses and describe deficiencies so that timely action plans can be implemented to minimize credit risk and loan losses.
* Identify any credit underwriting and loan documentation deficiencies, maintain current and appropriate loan review files on each credit/relationship and maintain an accurate list of financial and documentation exceptions determined during loan reviews.
* Conduct loan discussions with loan officers during loan reviews, to ensure all factual material related to the credits being reviewed is brought forward, understood, and considered in the risk rating process. Communicate findings, observations, and recommendations clearly and concisely in both an oral and written manner.
* Participate in all types of loan reviews and assist in the preparation of loan review reports that convey the results of the review. Such reports will address asset quality of the portfolio examined, identify documentation/credit exceptions, describe underwriting deficiencies, make recommendations for improvement, and note any other observations that should be brought to management's attention.
* Maintain knowledge of the bank's lending policies and procedures, along with applicable laws and regulations.
* Serve as a back-up to the AVP, Loan Review Manager as needed.
* Perform the assigned responsibilities with moderate guidance from the AVP, Loan Review Manager.
* Provide assistance and consultation to auditors and regulatory examiners with loan review related functions.
* Perform other duties as self-identified or requested.
The Credit Review Analyst is responsible for performing commercial loan reviews to ensure credits are appropriately risk rated or adversely classified when potential credit weaknesses exist; the ability to document loan review findings and assist in report preparation; and to ensure lending practices conform with established loan policy; serve as a back-up to the AVP, Loan Review Manager as needed.
Qualifications:
* Bachelor's degree in Accounting, Finance, Economics, or related field is required. Will consider commensurate experience.
* Minimum three (3) years of loan review, credit, or bank examiner, or equivalent is required.
* Working knowledge of accounting principles, credit administration, and loan documentation.
* Effective interpersonal skills, and oral and written communication skills.
* Strong analytical, organization and process skills, with attention to detail.
* Self-starter that can work with limited supervision.
* Bank examination experience, including direct contact with examiners, preferred.
Principal Activities and Duties:
* Review commercial loan files of all credit types for the purpose of evaluating borrower relationships to determine loan repayment ability and assessing adequacy of assigned credit risk rating.
* Confirm that loans reviewed are closed in accordance with proper approval.
* Determine adherence to loan policy and ensure policy exceptions are disclosed and mitigated.
* Assess effectiveness of ongoing credit administration of loans reviewed.
* Factors to be reviewed for both accuracy and adequacy include analysis of individual, company, and/or global cash flow performance; analysis of the collateral and guarantor strength as secondary and tertiary sources of repayment; identification and proper mitigation of key credit risks; and completeness of credit file with current and relevant information and officer narrative memos.
* Assess loan officers' adherence to the bank's lending policies and procedures and monitor compliance with banking laws and regulations.
* After the review of each relationship, assign an appropriate grade using the bank's established guidelines and parameters. Provide detailed reasons/rationale for assigning differing risk ratings, address findings with the appropriate individuals and recommend corrective action, if necessary.
* Identify loans with well-defined weaknesses and describe deficiencies so that timely action plans can be implemented to minimize credit risk and loan losses.
* Identify any credit underwriting and loan documentation deficiencies, maintain current and appropriate loan review files on each credit/relationship and maintain an accurate list of financial and documentation exceptions determined during loan reviews.
* Conduct loan discussions with loan officers during loan reviews, to ensure all factual material related to the credits being reviewed is brought forward, understood, and considered in the risk rating process. Communicate findings, observations, and recommendations clearly and concisely in both an oral and written manner.
* Participate in all types of loan reviews and assist in the preparation of loan review reports that convey the results of the review. Such reports will address asset quality of the portfolio examined, identify documentation/credit exceptions, describe underwriting deficiencies, make recommendations for improvement, and note any other observations that should be brought to management's attention.
* Maintain knowledge of the bank's lending policies and procedures, along with applicable laws and regulations.
* Serve as a back-up to the AVP, Loan Review Manager as needed.
* Perform the assigned responsibilities with moderate guidance from the AVP, Loan Review Manager.
* Provide assistance and consultation to auditors and regulatory examiners with loan review related functions.
* Perform other duties as self-identified or requested.
Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
3 years
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