Credit Analyst Senior- Credit SSG
City National Bank, Los Angeles, CA, United States
CREDIT ANALYST SENIOR- CREDIT SSG WHAT IS THE OPPORTUNITY? Under limited supervision provides analytical support relating to due diligence, document processing, and financial/statistical analyses related to transactions, credit approval and ongoing monitoring of closed transactions
Review loan documents for accuracy, completeness, and adherence to approval conditions
Recommends proper loan documentation and loan restructure for complex credits
Present facts and summarizes the credit analysis results concerning the applicant's credit worthiness
Prepare timely and insightful credit analysis applications for a diverse, highly complex, and sophisticated portfolio comprised of commercial & industrial, commercial real estate and private banking / professional services commercial loan customers
Prepare sensitivity analyses, pro forma cash flows, and assessments of collateral and guarantor financial condition
Conduct analysis of the market (customers) and industry (competition, suppliers, substitutes, and potential new entrants) and management teams and/or deal sponsors
May make client calls to obtain all necessary information
May make client calls to obtain all necessary information and clarification on financial analysis materials and resources
May be required to contact borrowers directly for additional information and details related to loan request
Work with attorneys and other financial or legal resources to obtain the correct, accurate documents to fully protect the banks interests in the credit relationship
Colleagues have a full understanding of the bank's credit policies and existing credit arrangements .
What you will do Prepare credit analysis and investigation of portfolio credits and provides the necessary documentation and financial facts for SAD Officers to analyze, evaluate, and determine appropriate credit structure and terms for potential borrowers
Provide analytical functions relating to due diligence, document processing, financial statements and covenant compliances related to transactions, credit approval, and renewals
Prepare summary documenting factual analysis and supporting information for credit decision recommendations
Spread corporate and personal financial statements, and conducts financial statements analysis and cash flow analysis
Has familiarity with various industries, collateral issues and values, loan structuring, and guarantor personal financial statements and tax returns
Review request applications and financial information and third party reporting (e.g., RE appraisal, environmental reports, ABL Examinations, Inventory Appraisal, etc); evaluates credit structure and terms; underwrites consistent with Bank format, policies and procedures; determines sources and uses of funds; analyzes industry data, competitive factors, historical performance, projected results, risks, and mitigating factors
Maintain up-to-date knowledge on all Bank lending policies and regulations
Confers with appropriate Bank personnel regarding new/existing lending requirements and regulations
Provides input to the Relationship Manager and Manager when loan structure/terms do not appear to reflect inherent risk in subject transaction
Assumes accountability for minimizing Bank losses
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
Monitor and reviews 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
Conduct collection, review, and analysis of various due diligences which include but are not limited to property profiles, tax liabilities, insurance statuses, legal records, credit reports, and liens
Prepare and review SBA guaranty purchase request packages and perform related due diligences
Recommend, analyze, and monitor settlements and judgments related to SAD transactions
Recommend and review forbearance negotiation terms and potential loan restructurings with SAD Officers
Prepare trend cards, projections, and related analysis to regularly monitor transaction performance
This includes borrowing base monitoring, covenant updates, summaries of changes to business operations/performance, actual vs
projections analysis, and others
Must-Have* Bachelor's Degree or equivalent Minimum 5 years of credit analysis or financial analysis experience required
Minimum 5 years of experience in a banking or financial services environment required
SAFE Act Registration Must be in good standing under "The Secure and Fair Enforcement for Mortgage Licensing Act of 2008" (Safe Act) and must be registered/licensed with the "Nationwide Mortgage Licensing System and Registry"; or must be able to be registered under the Safe Act
Must remain in good standing under the Safe Act
Skills and Knowledge Bachelor’s degree in Finance, Accounting, Business or related field preferred 7 years of experience in credit and/or financial analysis
Working knowledge of credit, accounting, credit policy and financial statement analysis
Excellent ability to analyze credits, as well as a detailed knowledge of lending structure and sources and uses of cash Excellent organizational and analytical skills Identify strengths, weaknesses, and risks related to borrower status and repayment ability
Use various software programs for spreading financial statements and financial analysis
Good verbal and written communication skills to present clear and precise recommendations based upon analysis for action on loans and loan treatments
Working knowledge across all areas of lending including Commercial Finance, Commercial Real Estate, and ABL
Working knowledge of Lexis Nexus, Pacer, Moody’s Risk Origins, Monarch, and Asset Reader
Compensation Starting base salary: $37.96 - $60.64 per hour
Exact compensation may vary based on skills, experience, and location
This job is eligible for bonus and/or commissions
*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
Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues
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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