Commercial Loan Analyst

Mechanics Bank is currently searching for an Commercial Loan Analyst to join our team. Here at Mechanics Bank, we value connection, partnership, long term relationships and working together in person. This role will be working on-site at our Irvine office.

Responsible for underwriting and risk analysis of credit requests and/or pre-screens within assigned business line that includes the preparation of credit applications to be submitted to Credit Approvers. Performs independent, objective, and detailed financial and collateral analysis, which includes incorporating spreads, cash flow, value of related collateral, appraisals, audits, and a compilation other data as it relates to preparation of credit packages or pre-screens. In collaboration with relationship manager, responsible for structuring transactions, developing credit recommendations, and loan portfolio monitoring including covenant compliance. Independently classifies loan performance and recommends risk rating. Performs loan reviews as required on all credit relationships. Notes significant trends and recommends policy changes if necessary. Collaborates with stakeholders on credit related matters to ensure expeditious processing and improve client experience.

What you will do:

• Conducts detailed, independent financial and collateral analysis on credit requests. Evaluates business plans, projections, operating records, and financial statements. Evaluates all types of collateral in relation to feasibility of transaction, market/industry conditions and loan structure. Supports conclusions based on factual data. Effectively communicates information and analytical results to stakeholders. In collaboration with the relationship manager identify risks/mitigants of loan structure and participates in discussions with credit risk as required. Identifies risks associated with each loan and mitigations to risks. Generates and recommends risk ratings.

• Performs industry research in various market areas to support transaction. Interprets and applies Bank policies, governmental regulations, and accounting theory.

• Responsible for credit agreement compliance monitoring. Performs loan reviews, assesses credit risks, and generates and recommends appropriate risk ratings. Prepares credit applications of moderate complexity.

• Participates on client calls and/or client relationships with relationship managers as assigned.

Who you are:

• Bachelor's Degree highly preferred, but additional experience will be considered in lieu of education.

• 3 years experience in commercial loan underwriting is preferred.

• Formal accounting training, either through on the job experience, college courses, or other professional training programs taken.

• Additional course work in general lending best practices involving C&I and CRE highly desirable.

• Extensive knowledge in loan requirements, including identifying risk and mitigating factors related to conducting a thorough credit analysis for approval to assigned lending group.

• Adept at utilizing financial software programs and other databases integral to compiling financial and collateral analysis spreads with a high level of accuracy and great attention to detail.

• Thorough knowledge of cash flow cycles as they relate to assigned lending group including economies of different types of businesses.

• Knowledge of the requirements to underwrite business loans consistent with bank loan policy and other specific requirements.

• Ability to perceive gaps and inconsistencies in the data submitted.

• Ability to calculate figures and amounts such as interest, commissions, proportions, and percentages.

• Ability to interpret a variety of instructions furnished in written, oral, or schedule form.

• Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.

• Possess good human relations, communications and business writing skills. This includes the ability to communicate verbally and in writing with internal and external parties, including senior level officers and loan operations staff.

• Ability to formulate logical questions for Relationship Manager to pass on to borrower.

• Ability to cope with pressure resulting from meeting required deadlines and reporting requirements.

• Demonstrate teamwork in facilitating workflow. High level of cooperation with others and responsive to the Bank's needs.

• Exhibit high degree of professionalism and confidentiality in handling and having access to sensitive information.

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Salary: $78,000-105,000 annually

Final compensation package will be determined by the work experience, education, and/or skill level of the applicant along with internal equity and alignment with geographic market data.

• Mechanics Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, religion, national origin, age, genetic information, veteran status, or on the basis of disability, gender identity, sexual orientation or other bases prohibited by applicable law.

• Please view Equal Employment Opportunity Posters provided by OFCCPhere.

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