Company: Heritage Bank
Posted on: November 22, 2021
Heritage Bank currently has an exciting opportunity to join our
organization. We are looking for an experienced Credit Analyst who
wants more than just a job - who wants to build a career and make a
difference in the communities where they live and work by building
and maintaining customer relationships.
The Credit Analystwill beresponsible for assisting Commercial
Bankers in underwriting credits, portfolio management, maintenance,
and customer service for an assigned portfolio of commercial
accounts. Additionally, this position will assist to ensure
compliance with all policies, procedures and regulations, and the
accurate and timely delivery of documents for closing the loan.
This position is relied upon to independently manage a small
portfolio and prepare a thorough analysis of all aspects of a
credit, including the preparation of financial spreads and
projections in conformance with established Bank policies and
procedures, for new loan requests, renewals and annual reviews, and
responds to customer inquiries related to the lending process in a
timely and accurate manner.
Depending on experience, Credit Analyst I, II or Senior may be
considered. Multiple positions available.
The successful candidate will be able to:
Provide an exceptional level of customer service around all aspects
of the banking relationship with a focus on the credit aspects in
conjunction with the Commercial Banker assigned to the
Independently interacts with prospective and existing clients to
collect financial statements, tax returns, and other applicable
information, to include, but is not limited to account receivables
aging's, account payable aging's, rent rolls, operating statements,
leases, corporate documents, and environmental reports.
Independently complete and/or coordinate with Credit
Administration, financial statement spreading and cash flow/global
cash flow analysis, as requested and needed.
Identify loan purpose, source of repayment, collateral
value/priority, and full written analysis of all credit elements
within the credit memorandum (SCM).
Participate in presentations/meetings with credit administration to
negotiate structuring, pricing and edits needed to highlight and or
partially mitigate credit risks.
Track loan agreement compliance, covenant monitoring, borrowing
base certificates and financial reporting, via use of the lending
tickler system. Ensure timely and accurate follow up.
Analyze financial and other information and complete file memos or
written analysis to document trends and, where necessary, report
and/or gain credit approval for action taken on Loan Agreement
Independently interacts with customers to collect information
needed to complete loan renewals ahead of loan maturity dates, to
include information needed to order new property appraisals, as
Participate in the construction administration process by
collecting and reviewing required information for monthly draws in
conjunction with the RECAD team.
Comply with governing regulations by maintaining current knowledge
of commercial law, UCC and Banking regulations and policies to
ensure conformity with required laws and terms.
Accompany Commercial Banking Officer on business calls and/or site
visits, as requested.
High School Diploma or equivalent - required. Bachelor's degree in
Business Administration, Finance, Economics, Marketing or relevant
discipline - required. MBA preferred.
Level I1+ year recent experience in a commercial lending support
and/or credit analyst role, in the financial services industry -
Level II 3 - 5 years of recent commercial credit underwriting
experience, which includes financial statement analysis, cash flow
analysis, collateral evaluation and loan structuring in a
commercial banking environment - required. C & I experience -
Senior 5+ years of recent commercial credit underwriting
experience, which includes financial statement analysis, cash flow
analysis, collateral evaluation, loan structuring, and working
knowledge of commercial real estate and C & I lending practices -
Completion of a formal credit training program - highly desired,
required at the Senior level.
Equivalent combination of education, formal credit training and
relevant experience may be considered.
Provides an exceptional level of quality service for
internal/external customers; responds to customers' needs,
questions and concerns in an accurate, effective, and timely
Excellent listening, verbal, written and telephone etiquette
business communication skills, with the ability to communicate
outstanding/follow up issues over the phone, in person and via
email; effective presentation skills, with the ability to read,
write, speak and understand English well.
Working knowledge of accounting and finance theory and practices,
including Generally Accepted Accounting Principles, taxation, legal
forms of organizations, and business law.
Ability to interpret financial statements/spreads (including cash
flow, balance sheet, and profitability), and present facts and
offer opinions concerning credit worthiness.
Knowledge of financial modeling techniques, and ability to identify
recurring and non-recurring sources of cash flow and guarantors'
ability to service debt.
Knowledge and experience interpreting credit reports and industry
financial information averages.
Working knowledge and experience of lending practices, collateral
perfection, loan documentation, disclosures, terminology, and legal
Ability to understand and apply principles, procedures, compliance
requirements, federal/state regulations, and policies related to
assigned area, as well as the Bank's policies, procedures,
products, and services.
Strong organizational, time management, data review and processing
skills; with the ability to identify and resolve exceptions and
interpret data in a timely manner.
Demonstrated analytical and problem-solving skills with excellent
attention to detail and a strong focus on accuracy.
Demonstrated ability to quickly focus on key issues and make
decisions under pressure of time constraints and/or competing
deadlines with minimal direction and oversight.
Unquestionable integrity in handling sensitive and confidential
Proficient use and understanding of MS Office products (Word,
Excel, Outlook), with the ability to learn and adapt to new
technologies quickly and gain working knowledge of financial
services loan systems and credit software applications -
Travel may be required for customer meetings and/or participation
in site visits; valid driver's license and proof of insurance.
Climate controlled office environment.
Occasionally exposed to outdoor weather conditions.
Work involves being able to concentrate on the matter at hand,
under sometimes distracting work conditions, and frequent employee
and customer contacts and interruptions during the day.
Work requires regular attendance, punctuality and adherence to
agreed-upon schedule with willingness to work a flexible and/or
rotating schedule and or extended hours, as needed.
Ability to operate a computer keyboard, multi-line telephone,
photocopier, scanner and facsimile which often requires dexterity
of hands and fingers with repetitive wrist and hand motion.
Work may involve the constant use of computer screens, reading of
reports; typically sitting at a desk or table; intermittently
standing, stooping, bending at the waist, climbing, kneeling or
crouching to file materials and/or conduct site/property
Occasional lifting 10 - 15 lbs., files, boxes, etc.
The above statements are intended to describe the general nature
and level of work being performed and are not an exclusive list of
all qualifications for this position.
Heritage Bank is an Equal Opportunity Employer
Keywords: Heritage Bank, Bellevue , Credit Analyst, Accounting, Auditing , Bellevue, Washington
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