Commercial Credit Analyst jobs in Iowa
Commercial Credit Analyst collects, reviews, and analyzes data to prepare a detailed credit analysis that evaluates the terms and creditworthiness of commercial loan applications. Uses multiple sources of information, including financial statements, collateral appraisals, credit scores, and cash flow analysis, to assign risk ratings to loans and complete an analysis of the applicant's financial status. Being a Commercial Credit Analyst calculates debt-to-income (DTI) ratios to evaluate an applicant's ability to repay the loan. Prepares credit memos in a standardized format that includes key ratios, supporting information, an executive summary, and objective recommendations. Additionally, Commercial Credit Analyst presents credit reports to loan officers and loan committees. Requires a bachelor's degree. Typically reports to a supervisor or manager. The Commercial Credit Analyst work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Commercial Credit Analyst typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Recently Added Commercial Credit Analyst jobs
Senior Commercial Credit Analyst - FT
- Veridian Credit Union
-
Des Moines, IA
FULL_TIME
-
This is a hybrid position that requires individual to work 2 days a week from one of our locations in Northeast, or Central IA, or Omaha, NE.
Full-time, non-exempt position
Application deadline: June 2nd, 2024
WANT TO BE A PART OF AN AWARD WINNING TEAM, APPLY TODAY!!
Take a look at all our great benefits here !
Summary
The primary focus of a Senior Commercial Credit Analyst is providing written presentation of interpreting and analyzing business and personal financial statements, tax returns, credit reports and other information pertinent to the evaluation of a commercial loan request to a Commercial Loan Officer and/or the Commercial Lending Committee. Additionally, the Senior Commercial Credit Analyst completes annual credit reviews and property inspections.
Essential Functions- Interpret and analyze business and personal financial statements, tax returns, credit reports and other information pertinent to the evaluation of a commercial loan request.
- Determine profitability, net worth, and ability for repayment, creating cash flow analysis for all borrowers and guarantors.
- Generate financial ratios to evaluate members' current financial status, trends and comparison to industry averages.
- Assess collateral values and credit risk associated with commercial loan requests. Perform asset verifications and property inspections as needed.
- Provide written presentation of the credit request along with risk rating to the Commercial Loan Officer and or the Commercial Lending Committee.
- Perform analysis for annual credit reviews to identify continued creditworthiness.
- Identify strengths and weaknesses of a business borrower to effectively manage credit exposure.
- Strong understanding of the core systems and all commercial lending software systems.
- Knowledgeable of NCUA and Iowa Code guidelines for business lending, as well as all credit union policies and procedures.
- Possess a general understanding of appraisals and valuations to assist in collateral analysis.
- Monitor the training needs of Credit Analysts, providing performance feedback as necessary.
- Oral and written communication skills.
- Member service focus.
- Attention to detail and accuracy.
- Positive attitude that supports a team environment.
- Dependable and punctual; flexible during peak times.
- High level of confidentiality.
- Organizational skills.
- Self-motivated; ability to work without close supervision.
- Problem solving; analysis.
The Physical Demands Described Here Are Representative Of Those That Must Be Met By An Employee To Successfully Perform The Essential Functions Of This Job- Occasionally lift and/or move items over 10 pounds.
- Remain sedentary (seated) for extended periods of time.
This job operates in a professional office environment and routinely uses standard office equipment.
TRAVEL
Limited travel expected.
Required Education And Experience- Bachelor's Degree in Accounting, Finance, or related field.
- 3 years of experience in commercial lending or investments.
- 3 years of experience with credit analysis.
- 3 years of experience with asset/liability management and risk assessment.
- Proficient in Excel.
- Proficiency in Credit Quest.
Veridian Credit Union is a PCI compliant financial institution to ensure the security of member information. As such, all employees are expected to ensure security measures are in place and adhered to regarding PCI and other highly secure data compliance requirements.
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
About Veridian
Veridian Credit Union provides equal employment opportunities to all employees and applicants for employment without regard to age, race, creed, color, sex, pregnancy, sexual orientation, gender identity, military service, national origin, religion, physical or mental disability, genetic information, or any other classifications protected by applicable federal, state or local laws. - 10 Days Ago
Credit Analyst
- Danville State Savings Bank
-
Danville, IA
FULL_TIME
- Title: Credit Analyst Reports To: Senior Vice President Lending Status: Hourly Supervisory Responsibilities: None Job Summary Responsible for underwriting commercial and agriculture loans, ordering an...
- 4 Days Ago
Credit Analyst
- Cedar Rapids Bank & Trust
-
Rapids, IA
FULL_TIME
- Cedar Rapids Bank & Trust is committed to being the most customer-focused financial institution in Cedar Rapids and is seeking an individual that is passionate about building customer relationships.CR...
- 8 Days Ago
Credit Analyst
- Coface Nederland
-
Breda, IA
FULL_TIME
- Making trade happen. Samen werken aan één doel: handel vergemakkelijken door onze 50.000 zakelijke klanten te helpen bij het ontwikkelen van hun bedrijf. Coface is wereldwijd een leider in de markt va...
- 9 Days Ago
Credit Analyst
- QCR Holdings, Inc.
-
Rapids, IA
FULL_TIME
- Cedar Rapids Bank & Trust is committed to being the most customer-focused financial institution in Cedar Rapids and is seeking an individual that is passionate about building customer relationships.CR...
- 1 Day Ago
Credit Analyst
- Primebank
-
Le Mars, IA
FULL_TIME
- This position is responsible for the review and analysis of financial and supporting documentation associated with Primebank's lending operations.Essential Duties And ResponsibilitiesCompletes credit ...
- 10 Days Ago
Commercial Credit Analyst jobs at Popular Companies
Commercial Credit Analyst
- Westmark Credit Union
-
Idaho Falls, ID
- Discover the Westmark Difference!! Are you looking for a career? Do you want to be valued as an individual on a team? Do...
- 6/11/2024 12:00:00 AM
Commercial Credit Analyst
- First Volunteer
-
Chattanooga, TN
- A Commercial Underwriter with our growing bank is responsible for working with Credit Officers and Commercial Banking Ad...
- 6/10/2024 12:00:00 AM
Commercial Credit Analyst
- Ascendo Resources
-
- Our client is seeking a Commercial Credit Underwriter who will work primarily on credit analysis and underwriting of Mul...
- 6/10/2024 12:00:00 AM
Commercial Credit Analyst
- F&M Trust
-
Harrisburg, PA
- ABOUT THE ROLE F&M Trust is looking to hire an experienced Commercial Credit Analyst, which will be located at either ou...
- 6/9/2024 12:00:00 AM
Commercial Credit Analyst
- Holman, Inc.
-
Mount Laurel, NJ
- Holman is a family-owned, global automotive services organization anchored by our deeply rooted core values and principl...
- 6/9/2024 12:00:00 AM
Commercial Credit Analyst
- Monson Savings Bank
-
Wilbraham, MA
- If you're an experienced Commercial Credit Analyst interested in working for a local, community bank, then this is the p...
- 6/9/2024 12:00:00 AM
Dealer Commercial Credit Analyst
- Toyota Industries
-
Coppell, TX
- Job Description Who We Are: Based in Coppell, TX, Toyota Industries Commercial Finance (TICF) has over 200 associates an...
- 6/8/2024 12:00:00 AM
Commercial Credit Analyst II
- Maine Community Bank
-
Biddeford, ME
- Job Type Full-time Description Position Title: Commercial Credit Analyst II Department: Credit Administration Reports To...
- 6/8/2024 12:00:00 AM
About Iowa
Iowa (/ˈaɪəwə/ (listen)) is a state in the Midwestern United States, bordered by the Mississippi River to the east and the Missouri River and Big Sioux River to the west. It is bordered by six states; Wisconsin to the northeast, Illinois to the east, Missouri to the south, Nebraska to the west, South Dakota to the northwest and Minnesota to the north.
In colonial times, Iowa was a part of French Louisiana and Spanish Louisiana; its state flag is patterned after the flag of France. After the Louisiana Purchase, people laid the foundation for an agriculture-based economy in the heart of the Corn...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Credit Analyst jobs
$50,738 to $66,437
Most Popular Cities in Iowa for Commercial Credit Analyst Jobs
What does a Commercial Credit Analyst do?
Commercial Credit Analyst in Norwich, CT
Advia Credit Union brings real financial advantages to real people.
January 03, 2020
Commercial Credit Analyst in Macon, GA
In connection with the Commercial Banking Portfolio Services Groups mission of supporting risk management activities, Portfolio Services has an immediate opportunity for a Credit Analyst 2 in Phoenix, AZ.
February 09, 2020
Commercial Credit Analyst in Waco, TX
On WSO, there are a few posts about making the leap from commercial to PE.
February 16, 2020