Credit Analyst

Job purpose

The Credit Department assists with the underwriting of business purpose loans to assess the applicants' ability to repay the debt according to policies and contractual terms. Analysts document their recommendations and underwriting for approval by a credit officer, the Chief Credit Officer, the officer loan committee, or the board of directors' executive loan committee. The Credit Department also monitors the existing loan portfolio by appropriately risk rating the borrowers and loans based on both quantitative and subjective factors.

Duties and responsibilities

Underwrites basic business purpose loan requests through the analysis of applicant financial statements and tax returns, personal financial statements, collateral, overall debt service, and external economic factors. Recommends approval, denial, or alternate loan structuring to the loan officer and approving authority.

Evaluates the loan's collateral values and lien status using public record information, secretary of state data, appraisals, assessors' information, and other sources. Estimates the values of collateral based on such factors as visual inspections, file data, property data, and online sources. Orders appraisals and valuations as appropriate per the Appraisal Program guidelines. Assists in review of those appraisals, following the appraisal review template.

Updates loan risk ratings by analyzing updated financial information so that senior management can assess the quality of the loan portfolio and identify deteriorating relationships.

Ensures compliance with WSB policies and banking regulations during the application and underwriting process, including the USA PATRIOT Act, Regulation B, Regulation O, and FIRREA. Participates in various compliance training programs to remain current on the various rules and regulations.

Assists with borrower monitoring requirements by accurately maintaining the bank's database of ongoing financial statements, borrowing base certificates, aging reports, portfolio reports, and other statements to document customers' ongoing financial condition.

Qualifications

Experience

Required

• Ability to use and comprehend Microsoft Word and Excel.
• Experience comprehending personal, business and corporate tax returns along with personal financial statements.
• 0-2 years of professional banking experience

Education

• Bachelor degree in business, real estate, finance or accounting is preferred and/or related experience.

Benefits for Full-Time Position:

• Outstanding Medical, Dental, and Vision Insurance
• 401(k) matching
• Employee Stock Ownership Plan
• Paid Time off
• Paid Holidays
• Flexible Spending Account
• Pet Insurance
• And so much more!

Waterstone Bank is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law.