Credit Analyst III

Work Location:

Lancaster, Camp Hill or West Chester Locations

Work Hours:

Monday - Friday

8:00am - 5:00pm

Additional hours as needed to fulfill the needs of the department.

Function: Responsible for evaluating loan requests for appropriate structure and acceptable use of loan funds; providing an independent analysis of credit quality for the intermediate to large/complex loan relationships at the Bank to determine borrower's financial condition and ability to repay; reviewing credit facility requests to determine compliance with Corporate policies and procedures and ensuring that proposed transactions comply with government regulation; preparing accurate credit approval documents, in accordance with Department procedures, which outline the material strengths and weaknesses of the proposed transaction(s); assigning appropriate risk ratings to borrowers or specific loans; conducting annual credit reviews of above average complexity.

Duties and Responsibilities:

• Determines whether information submitted for underwriting meets bank policy and procedures as well as regulatory requirements for commercial credit applications.

• Researches and accurately interprets commercial loan documentation, agreements, leases, contracts, and other technical documentation of a legal nature. Identifies the documentation necessary to complete a loan documentation file for most commercial products offered and to perfect most types of collateral.

• Reviews loan terms and conditions and transaction sources and uses to determine appropriateness of loan structure and reasonableness of loan purpose. Identifies improper structure and makes recommendations to Relationship Managers, lending management and/or credit approval authorities for improving loan structure.

• Conducts background checks and credit bureau inquiries via third party vendors to prevent fraud and assess the overall character of credit applicants.

• Proficient in the analysis of higher-risk and/or specialized industries common in commercial lending transactions, including but not limited to: automobile dealers, land acquisition and development, energy companies, contractors, healthcare providers and municipalities.

• Utilizes financial and quantitative analyses techniques to evaluate financial and related information to gauge borrower's overall ability to repay debt as well as to assess financial performance relative to peer companies, industry benchmarks or other standards of performance.

• Recommends appropriate financial covenant structures for larger commercial loan transactions. Suggests financial covenant definitions to be utilized in the commercial loan agreement.

• Identifies significant credit issues during the underwriting process through a comprehensive listing of major strengths and weaknesses in the proposed loan transaction(s). Responsible for defending positions taken.

• Prepares the entire underwriting document utilized by executive management to approve loans for the highest credit risk exposures. Ensures that documents are accurate with a high level of detail. Ability to thoroughly document the approaches taken and to defend assumptions utilized in the credit analysis.

• Assigns appropriate risk ratings to proposed loan transactions, including regulatory non-Pass ratings, which will directly influence the ALLL provision and bank earnings. Defends assigned risk ratings.

• Occasionally accompanies lending officers on calls with significant commercial loan customers. Provides support in identifying the appropriate information to be gathered from customers for new loan requests.

• Provides guidance and oversight to Credit Analyst I, and II employees. May conduct training on an "as needed" basis. May be involved with the development of Credit Department procedures and methodologies.

• Responsible for committee process in the absence of Credit Support Managers on an as-needed-basis

• Assumes additional duties as requested, including special projects.

Education :

Requires four-year college degree, plus specialized training. Major or area of specialization: Bachelor's degree in Accounting, Finance or Economics with minimum of six hours in accounting. On-the-job experience as a credit analyst, as outlined below, and/or completion of a formal credit training program through regulated financial institution, along with on-the-job experience, may be considered in lieu of four-year college degree.

Strong understanding of accounting concepts used in the preparation of financial statements for larger commercial enterprises. Understanding of the more significant IRS rules used in the preparation of business and personal tax returns.

Knowledge of credit analysis methodologies and techniques, including, but not limited to: pro forma analysis, financial projections, discounted cash flow analysis, breakeven analysis, sensitivity analysis, analysis of operating leverage, and asset valuation techniques.

Experience:

Requires five to ten years specialized experience with demonstrated proficiency.

Physical Demands:

Operates a keypad device 70% of the day. Operates office equipment 10% of the day. Spends time providing training and attending training 20% of the day. The primary parts of the body involved in performing these tasks are fingers, thumbs, hands, wrists and elbows. Sitting is required 7 hours per day. Standing is required one hour per day. Walking is required one hour per day. Routinely lifts 5 lb., 5 times per day, maximum lift is 40 lbs., one time a day. Must be able to occasionally lift and/or move up to 20 lbs. Requires the use of manual dexterity skills for typing up to 90% of the business day. Specific vision requirements include close vision of 18"-20", distance vision and depth perception for computer work. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

Salary Range: