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Credit Analyst

Summary: Analyze credit data and financial statements to evaluate the financial condition and degree of risk involved in extending credit or lending money to individuals and businesses and prepare reports with credit information for use in decision making. This position is based at Main Street Bank in the Southeast Michigan market.

Primary Duties:

  • Obtain information and analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
  • Analyze and report on loan data provided by credit bureaus, financial records, and other financial institutions in regard to new, renewing, and existing borrowers/loans
  • Generate financial ratios, using computer programs, to evaluate customers’ financial status
  • Review and prepare written analyses, spreadsheets, reports, summaries, and opinions and prepare or assist in the preparation of loan memorandum for presentation to lenders and/or loan committees
  • Maintain the commercial financial information loan files
  • Perform commercial loan collateral/floor plan audits
  • Perform internal small business loan audits of documentation and officer risk ratings
  • Monitor loan covenants
  • Monitor borrowing base and stock secured margins on selected commercial loans
  • Order, review, disperse, and track appraisals and appraisal related information
  • Manage other Real Estate (ORE) properties

Job Skills & Qualifications:

  • Bachelor’s degree in business, accounting, finance, or related field; or equivalent combination of education and experience
  • Two to five years banking experience required, Credit experience preferred
  • Strong verbal and written communication skills
  • Strong attention to detail
  • Strong analytical and problem solving skills
  • Proficient in the use of Microsoft Word and Excel