Credit Analyst I PBB
CREDIT ANALYST I - PBB
WHAT IS THE OPPORTUNITY?
Analyzes credits and Certified Public Accountant ("CPA") prepared financial statements. Enter financial statements and related information to financial spreadsheet software programs for analysis. Prepare summary and/or credit approval reports documenting credit analysis and supporting information for credit decision recommendations. Responsibilities also include handling commercial collections requiring client contact and deal documentation, preparing credit retrospectives, identifying causative factors to troubled loan structures/deals and preparing account debtor notification letters, forbearance agreements and other standardized correspondence and documentation. This position will also compile and prepare monthly reports (doubtful logs, non-accruals, charge-offs, potential problem loans) for team leaders and assist in quality control review of written communications. Perform other department-related duties as requested.
Personal and Business Banking Division
As a member of City National's Personal & Business Banking group, you will have the opportunity to make a real difference through a signature client experience. Our branch network delivers proactive advice and high-level financial solutions with a Global Relationship Management™ model that most banks extend only to larger businesses and high-net-worth families. Our tailored solutions address the financial needs of individuals, organizations and small to mid-sized businesses with an array of products and services, from simple to complex.
WHAT WILL YOU DO?
- Prepare credit analysis and investigation of new and renewed loans. Request and provide the necessary documentation and financial facts for Credit Officer to analyze, evaluate, and determine appropriate credit structure and terms for potential borrowers.
- Monitor for receipt, and analyzes and evaluates documents surrounding credits. This may include financial statements for the company, owners, and/or guarantors, tax returns, cash flow, collateral, covenants, A/P & A/R aging, credit reports, etc. to identify strengths and weaknesses as pertaining to a borrower's financial position.
- Provide analytical functions relating to due diligence, document processing, financial statements, trend analyses, asset search, covenant compliances, and monitor settlements and judgments related to transactions, credit approval, and renewals. Prepare summary documenting factual analysis and supporting information for credit decision recommendations.
- Monitor and review data from loan systems and prepares Excel spreadsheets and charts to identify portfolio trends.
- Prepare Loan Approval Summaries and/or Loan Committee reports on existing loans. Utilize programs like Lexis Nexus, Pacer, Moody's Risk Origins, Monarch, Asset Reader, etc.
WHAT DO YOU NEED TO SUCCEED
Must-Have*
- Bachelor's Degree Finance, Accounting, Business Administration, or Economics
- Minimum 1 year of experience in a banking or financial services environment
Skills and Knowledge
- Capable of working well independently and in teams
- General knowledge of credit, accounting, credit policy and financial statement analysis.
- Excellent organizational and analytical skills.
- Some ability to analyze credits, as well as a detailed knowledge of lending structure and sources and uses of cash.
- Good verbal and written communication skills to present clear and precise recommendations based upon analysis for action on loans and loan treatments.
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies.
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