Work Hours: Monday - Friday, 8:30 a.m. - 5:00 p.m.
FSLA Status: Exempt
To perform this job successfully, an individual must be able to perform each essential function 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.
Gathering financial information and analyzing credit data to estimate degree of risk involved in extending credit or lending money to firms or individuals. Identifying and monitoring weaknesses and deficiencies in the loan portfolio, maintaining quality control to minimize credit risk, and performing and managing the credit analysis function.
Analyzes business and personal financial statements for prospective borrowers to determine their creditworthiness. The analysis process includes: spreading the financial data into usable reports, calculating financial ratios, and organizing and preparing the loan proposals for the lending officer for presentation to the lending committee.
Maintains and updates the credit files on commercial borrowers by requesting annual financial statements. Spreads requested statements to analyze and determine if any credit risks exist within the loan portfolio.
Re-prices negotiable collateral (stocks and bonds) to determine that market values continue to exceed loan to value limits. Obtains validation numbers for new stocks taken as collateral.
Monitors aggregate loan policy exceptions that include compiling the reports and the analysis needed to present to Senior Management and the Board.
Monitors maturing lines of credit and letters of credit, and prepares the financial request letters for the lenders.
Monitors the Bank’s largest commercial relationships that are exceptions to the Lending Policy for Legal Lending Limit, daily when warranted.
Abides by all aspects of First National Bank’s policies and procedures, and applicable laws and regulations.
Maintains various reports for Loan Administration.
Reviews the financial statements for Investment Relationships, Correspondent Banks and other bank vendors.
Effectively interacts with external examiners and outside accountants as needed.
Provides on-going financial statement analysis training to Lenders and Management Trainees.
Promptly answers incoming calls to the office and returns phone messages with excellent customer service technique. Answers questions and solves problems for customers and other employees, when applicable. Performs various clerical duties such as typing letters, memos, and correspondence. May complete filing, faxing and copying duties.
Completes other duties that may be assigned.
Personnel Policies and Procedures:
First National Bank employees are required to comply with all employee policies and procedures as outlined in the Employee Handbook. In addition, the First National Bank Code of Ethics will be signed and agreed upon by each employee annually to certify that the employee will abide by all provisions mentioned in the Code of Ethics. Any violation of First National Bank policies, procedures, or the Code of Ethics could result in disciplinary action, up to and including termination.
Anti-Money Laundering Compliance Requirements:
The credit analyst position requires ongoing monitoring of customer transactions and bank reports and documents for possible suspicious activity as described in the Anti-Money Laundering Program. The position also requires background knowledge of pre-text calling and the proper reporting of any such attempts to gain customer information.
The credit analyst position also requires knowledge of First National Bank=s lending policies and procedures that affect the lending function. These policies and procedures include the Lending Policy, Fair Credit Reporting Act Policy, Environmental Risk and Liability Policy, Real Estate Appraisal Policy, Collection Policy, Equal Credit Opportunity Act Policy, Flood Insurance Policy and Procedures, Commercial Loan Grading Policy, Loan Review Policy, Problem Asset Policy, Retail Credit Policy and Insider Lending Policy.
When necessary, the credit analyst is required to complete forms, refer customers to Senior Management for further assistance, and discuss the basics of policies and procedures with customers.
Compliance Training is ongoing and takes different forms. Credit analysts are required to stay current with information provided to them by senior management.
Education and/or Experience:
Bachelor’s degree or equivalent in finance, accounting or another related field; or a minimum of seven years of successful experience and/or training in a financial institution or equivalent combination of education and experience.
Must be proficient in financial statement analysis and the use of financial ratios.
Clearly communicates in English; moderate reading, writing and grammar skills; proficient analytical and mathematics skills; proficient communicative and interpersonal relations skills. Moderate PC skills and working knowledge of Arta and other bank operating systems.
Certificates, Licenses, Registrations:
Successful completion of lending and credit analyzation training. Understanding of lending and extending credit including analyzing financial statements and preparing necessary documents.
Willingness to attend webinars, seminars and conferences (on-property and off-property) pertinent to the department on all regulatory functions to keep abreast of the latest developments affecting the Bank and its industry.
While performing the duties of this job, the employee is regularly required to use hands to finger, handle, or feel objects, tools or controls; reach with hands and arms and talk or hear. The employee is frequently required to sit. The employee is occasionally required to stand and walk. The employee must frequently lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.
Each employee has a responsibility to promote a harassment-free environment, and to show respect and sensitivity for individual differences. The Bank prohibits discrimination and harassment of any type and affords equal employment opportunities to employees and applicants without regard to race, color, religion, sex, national origin, age, disability, genetic information, or any other municipality-specific protected class not previously mentioned. Additionally, the Bank will take action to employ, advance in employment and treat qualified Vietnam-era veterans and disabled veterans without discrimination in all employment practices.
About The First National Bank and Trust Co. of Newtown
Working at The First National Bank & Trust Company of Newtown means you’re with the most established bank in Bucks County. Since 1864, we’ve remained committed to independence.
We are proud to offer a stable, growing, and successful workplace. Our unique level of personal service and attention extends beyond our customers to the work environment of our employees. At The First, we believe strongly... in giving back to our community and our employees often take part in community activities and volunteer efforts.
In addition to a friendly, supportive work environment, full-time employees enjoy the following benefits working for The First:
401(k) and pension plan,
Paid healthcare premium,
Free banking services,
Paid vacation, holidays and personal leave days,
Career advancement opportunities
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For customer support, please call 1-888-491-8833 Ext. 2240 (Extension Required)