Credit Analyst

Industrial Bank is a 90 Year Young successful African American owned financial institution that has been operated by the Mitchell family for three generations years. Mr. Doyle Mitchell, CEO/President is the grandson of the founder of the Bank. Industrial Bank is a Community Development Financial Institution, which is a unique distinction requiring us to re-invest a significant part of our revenue back into the communities we service. We have locations in Washington, DC, Maryland, Newark, New Jersey and Harlem, NY. We pride ourselves on the community and volunteerism we promote and provide our communities. We offer a rich benefit package that includes life insurance, short and long term disability insurance at no cost to our employees. We also have medical/prescription plans, vision, dental, and a host of other supplemental benefits. We have a 401K program that has a match after a year of employment. Our confidential Employee Assistance Program is available to employees and their immediate families. We also provide employees with Time Off policies safe/sick days, vacation days, personal days, and paid holidays. We are currently seeking a qualified candidate for our Credit Analyst position. This is a full time, non-exempt position and will work from our Largo, MD office a minimum of 3 days a week and 2 days remotely. We have a culture of professional kindness and seek candidates that know how to be an Ideal Team Player.

A Day In the Life of a Credit Analyst:

Performs both a quantitative and qualitative analysis of financial statements and the ongoing monitoring of the credit worthiness of Borrowers focusing on risk identification.Proposes recommendations within the commercial and commercial real estate (CRE) loan portfolios.Is responsible for the active monitoring and advance processing for all commercial lines of credit.Assists the Credit Manager in the appraisal processOn new and renewal underwriting requests, spread financial statements, analyze results and propose deal structure, determine adequate and acceptable sources of repayment and the necessity of guarantors based on guidelines delineated in the Loan Policy Manual.Closely track Bank's legal lending limit and the necessity of Bank participantsSupport the Annual Review process for both commercial loans and ACH exposureContacts customers to obtain various financial reports that support the monitoring process such as Accounts Receivable Aging reports and Borrowing Base CertificatesProduce monthly Asset Based Lending (ABL) monitoring report and as new transactions are added to the ABL program, make timely borrower related updatesRequired education and experience

A bachelor's degree from an accredited University in business management, finance or bankingThree to five years' experience in commercial lending/ credit administrationAdditional eligibility preferences , if applicable.Proficient in Microsoft Word and ExcelTraining in credit analysis and ABL lending or have compensating years of experienceKnowledge and experience in handling appraisals