Credit Associate
Company: First Commonwealth Bank
Location: Indiana
Posted on: May 28, 2023
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Job Description:
Promotes First Commonwealth's asset quality through unbiased,
accurate, thorough and timely risk assessment which is accomplished
by analyzing financial statements and related credit data. Prepares
organized and comprehensive reports which assess the
credit-worthiness of a loan request and provide the appropriate
authority with the necessary information to make an informed
lending decision. Prepares organized and comprehensive reports for
existing loan relationships which assess the continued
credit-worthiness of the client.Essential Job
Responsibilities__________________________________1. Performs tasks
for the credit analysis process.a. Conducts credit investigations
and analyzes credit information pertaining to loans.b. Breaks down
the balance sheet and income statement accounts; analyzes the
results and compares the current financial results to the prior
financial periods.c. Prepares reports to summarize analysis of
borrowers' financial condition and capacity to repay debt. Prepares
loan request submissions for various Loan Committees or other
approving authorities.d. Prepares projections on income, sales,
expenses and net worth of the client with the credit report or for
a request by the lender or management.e. Values collateral when
necessary, reviews appraisals and assesses collateral coverage.f.
Assigns Risk Ratings.g. Follows assigned portfolio or accounts for
updated financial statements or other relevant information to
assess borrower credit quality through the quarterly triage
process.h. Assists loan officers in gathering information relevant
to analyzing the borrower.i. Prepares reports on problem assets for
the Criticized Asset Committee.j. Participates or assists in
projects or tasks necessary for the Credit Administration
function.k. Ensures that all credit analysis activities are
conducted in accordance with prescribed lending policy.2. Achieves
goals assigned to the Credit Analyst as part of the department's
annual operating plan.3. Adheres to the Credit Analysis
department's Service Level Agreement with the Commercial Services
and Consumer Services business line.4. Partners with the lending
staff in joint calling effort in support of new and existing
relationships.5. Builds knowledge of commercial lending and banking
regulations, procedures, and operations.Bona Fide Occupational
Qualifications___________________________1. A Bachelor's degree in
Accounting/Finance/ Economics or a related field of study with a
minimum GPA of 3.0, or equivalent experience required. Specialized
financial analysis training preferred.2. Ability to analyze
financial statement data and distill conclusions is required.3.
Must have a working knowledge of accounting and financial analysis
techniques.4. Must have ability to use Microsoft Office programs
and banking software.5. Proficient reading, writing, and grammar
skills are required, as well as solid communication and
interpersonal relations skills.
Keywords: First Commonwealth Bank, Pittsburgh , Credit Associate, Other , Indiana, Pennsylvania
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