Credit Analyst
Administrative:
- Evaluates costs and revenue of relationships to determine if they are profitable to continue.
- Ensures that client account and other documentation are complete, accurate and up-to-date.
- Ensures that credit proposals are prepared in conformity to policies set forth in the Credit Policy Manual.
- Utilizes the Agency’s CQS grading system to assess the risk of each credit relationship and to recommend changes in CQS rating as and when necessary.
- Maintains credit files and assures that they contain all necessary documentation to satisfy regulatory authorities.
- Maintain complete records of credit relationships, including by not limited to:
-Visiting and/or having frequent telephone contact with all assigned clients
-Writing call reports to record all substantive contacts with the client
-Maintaining neat, orderly, and up-to-date credit files
-Being knowledgeable regarding the client's industry, economic, and business environment.
- Carriesout studies to determine the credit position of clients or potential clients, based on financial information and using modern credit analysis techniques and recommends establishing lines of credit or renewal of existing lines in accordance with requirements established by regulatory authorities, Miami Agency Risk Management Committee, and Head Office credit policies.
- Controls lines of credit and assures that credits to be are within approved parameters.
- Controls analysis of risk concentrations and submits it to management.
- Administers credit portfolio.
- Maintains loan documentation current.
- Prepares loan review exception reports.
- Prepares routine correspondence for clients with credit relationships.
- Maintains credit files.
- Interviews applicants and requests specified information for credit application.
- Analyzes applicant financial status, credit, and property evaluation to determine feasibility of granting credit facilities or submits applications to Private Banking Manager or General Manager for verification and recommendation.
- Corresponds with or interviews applicants or creditors to resolve questions regarding application information.
- Refers credit requests to senior management and/or Miami Agency Risk Management Committee for approval.
- Ensures credit documentation is complete and accurate according to policy.
- Confers with Corporate and Private Banking Manager or General Manager - Miami Agency in order to resolve problems with application and/or missing information.
- Analyzes potential markets to develop prospects for credit.
- Coordinates with account managers the loan disbursement process, including review of legal and financial documentation, documentation and perfection of collateral or guarantees, verification of indebtedness limits, internal credit approval, etc.
- Assists the Corporate and Private Banking Manager with verification of documentation of client relationships at the Agency.
- Collaborates with personal attention to clients who visit the Agency.
- Assists the commercial team and provides support with respect to concerns about regulatory matters.
- Prepares and presents credit proposals to the Credit Risk Committee.
- Compiles and types statistical reports.
- Assists in updating credit policy and procedures manual.
- Reviews account documentation and follows-up on missing and/or incomplete documentation.
- Obtains and processes changes to customer documentation (e.g., signatures, address changes, etc.)
Requirements:
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE
Bachelor's degree from four year college or university; and at least two years related experience and/or training.
LANGUAGE SKILLS
Ability to read, analyze and interpret general business periodicals, professional journals, technical procedures or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, customers, regulatory authorities, auditors, and the general public.
FOREIGN LANGUAGE
Ability to speak, understand, read and write: English/Spanish
MATHEMATICAL SKILLS
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, and percentages. Ability to apply concepts of basic algebra.
COMPUTER SKILLS
Ability to operate IBM compatible personal computers and terminals. Ability to use Microsoft Word (or similar word processing program) at intermediate level. Ability to use Microsoft Excel (or similar spreadsheet program) at intermediate level. Ability to use DataPro eIBS at intermediate level.
REASONING ABILITY
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
TRAVEL REQUIREMENTS
Must be able and willing to travel to domestic and foreign destinations up to 60 days.
