Job details

• Are you known for your engaging leadership?
• Do you have experience in US banking lending compliance and risk management?
• Does be part of a dynamic team to achieve results motivate you?

Credit Analyst - you will be based mainly in Pompano (with occasional travels other branches as needed). The level position will be determined based on the experience and knowledge of the candidate.

BASIC PURPOSES:

The Credit Analyst will report to the Vice-President Credit & Chief Credit Officer. The responsibilities will focus primarily on pre-underwriting loan requests, executing credit analysis on investment and commercial loans, and performing post-funding analysis on the entire loan portfolio. The Credit Analyst is also responsible in protecting the Bank’s interests by respecting the policies, procedures, rules, and regulations governing the credit functions and recommending enhancements to better the risks associated with lending money.

This is a full-time employment (40 hours/week - exempt position) working in our Pompano Beach office. However, operational needs may require you to travel anywhere from Boynton Beach to Hollywood Beach.

RESPONSIBILITIES AND MAIN ACTIVITIES:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The following list of qualifications and responsibilities is not all inclusive, as each employee is expected to be a team player and may be assigned other tasks, as necessary. This is meant to serve as an overview of the position description:

• Conduct credit analysis - review financial documents to analyze credit, determine creditworthiness and risk levels for potential and existing borrowers by examining financial transactions, financial statements, tax returns rent rolls, personal financial statements, cash- flows, and other pertinent documents as well as credit history.
• Pre-underwrite consumer and residential loans in accordance with the credit policy.
• Collaborate with the Business Development team to gather necessary information and ensure accurate and timely completion of credit assessments.
• Stay updated on industry regulations, best practices, and emerging trends in underwriting and credit analysis.
• Utilize financial modeling techniques to evaluate financial statements, cash flow projections, and other relevant financial data.
• Perform in-depth research and analysis of industry trends, market conditions, and economic factors that may impact credit decisions.
• Perform post-funding analysis on the entire portfolio on an annual basis and submit findings to the Vice-President Credit & Chief Credit Officer, including assessing the creditworthiness of existing borrowers through ongoing monitoring and analysis of financial performance and payment history.
• Identify potential risks - associated with either borrower or property, the Credit Analyst will determine if the risk is too high or if alternative financing/ rates and terms are more appropriate based on specific conditions of the loan.
• Create summary reports - summarize loan applications and credit analysis in one concise report which will include quantitative and qualitative evaluation of the loan - property, borrower, advantages, and potential risks to consider including completing financial ratios, trend, cash- flows analysis and creating projections.
• Review appraisal analysis to determine that acceptable standards are met.
• Maintain productivity level and turn times as established by management. Prioritizes the underwriting caseload to meet various deadlines.
• Assist in business relationship management with skills and the ability to understand and anticipate the needs of respective business stakeholders.
• Establish the risk rating grade according to the Credit Policy guidance.
• Collaborate with internal and external auditors in periodic audits.

• High School Diploma and a minimum of 5 years of experience in credit analysis with a specific focus in real estate rentals and multi-family properties OR bachelor’s degree and a minimum of 3 years of experience as a credit analyst in a Financial Institution.
• Positive attitude, extremely organized, excellent communication skills and self-motivated.
• Extremely proficient in Microsoft office, including Word and Excel.
• Ability to multi-task and manage multiple projects at one time.
• Displays a good understanding of the real estate mortgage regulations and practices.
• Have a valid MLO number.
• Excellent analytical skills with the capability to identify risks, evaluate options, and make informed decisions.
• Knowledge of fraud prevention and detection methods to identify potential red flags or irregularities in credit applications.
• Ability to forecast future financial performance based on historical data and market trends.
• Exceptional attention to detail with the ability to spot errors or inconsistencies in financial data.
• Familiarity with loan origination processes, including underwriting guidelines, documentation requirements, and compliance standards.
• Bilingualism both spoken and written (English and French), a strong asset.