Credit Analyst I

CREDIT ANALYST I

Community of Resources (COR) is a division of Merchants and Marine Bank, proudly serving the communities along the Gulf Coast since 1899. At COR, we are the heartbeat of our family of brands. We provide operational, information technology, and risk mitigation services to our brands within the Merchants & Marine Bancorp ecosystem, a well-established holding company with a staff of approximately 300 employees. We are committed to providing exceptional banking services for our customers and fostering a positive work environment for our employees.

CREDIT ANALYST I   JOB OPENING

This position is not eligible for employer-sponsored work authorization. Applicants must be authorized to work in the United States at the time of application.

Job purpose

Responsible for providing financial/credit analysis for commercial and some consumer loans, perform research on industry trends, spread financial statements, underwrite loan requests, and prepare internal reports. 

Duties and responsibilities

Responsibilities:

• Analyzes sources of financial information, such as financial statements, credit bureau reports and cash flows to determine potential risk and profitability of loan.
• Works directly with Loan Officers to obtain all necessary information needed to underwrite loan requests and ensure continued financial capacity and adherence to loan policy and covenants.
• Prepares spreadsheets, interprets financial information, and develops cash flows of prospective and existing borrowers; report findings and make recommendations to improve credit quality and minimize risk of potential losses.
• Assists in preparing and maintaining the watch list and non-accrual reports for the Bank.
• Assists in analyzing existing and perspective vendors of the Bank, on an annual basis and on request.
• Helps maintain credit shared files to ensure the adequacy of loan approval documents and supporting information.
• Completes all required training and maintains a basic knowledge of procedures to ensure compliance with laws and regulations governing financial institutions, as they apply to your position and job responsibilities.
• Performs other duties and responsibilities as assigned to support the bank’s strategic objectives.

 Qualifications

• Associate degree with coursework in accounting required. Bachelor’s degree preferred.
• Must be able to demonstrate strong oral, written and interpersonal communication skills, interpret documents, understand procedures, write reports and correspondence, and communicate effectively to customers and employees.
• Must be proficient with standard computer applications including MS Word, Excel, and Outlook.
• Must be able to understand financial data (Balance Sheets, Income Statements, Cash Flow Statements, Financial Ratios, etc.) and apply those skills as they pertain to the loan underwriting process. 
• Must be detail-oriented in order to generate accurate reports.
• Must have exceptional time management skills and be able to organize, prioritize and perform multiple tasks simultaneously. 
• Must be able to adjust quickly to different work situations; remain composed under pressure and stressful situations.

Working conditions

• Office environment, but may have occasion to work offsite
• 40 hours per week, Monday through Friday; overtime or extended hours may be required.
• Some travel may be required between branches and to customers and prospects.
• Could be a Hybrid Remote, or Remote position after training. 
• Off-site training and conferences may be necessary.

Physical requirements

While performing the duties of this job, the employee is regularly required to sit; use hands to handle or feel and talk or hear. The employee is frequently required to reach with hands and arms. The employee is occasionally required to stand; walk and stoop, kneel, crouch, or crawl. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.