Credit Analyst I

Base Compensation Range:

Base salary is one component of total compensation. Employees may also be eligible for an annual bonus and some roles may also be eligible for overtime pay.

The above represents the expected base compensation range for this job requisition. Ultimately, in determining pay, we consider various factors including, but not limited to, skills and experience.

POSITION SUMMARY: Performs credit analysis to evaluate the credit risk and loan quality of business lending prospects and existing borrowers in the Business Banking Group. Analyzes financial statements; develops and analyzes cash flow information; prepares comprehensive credit summaries and makes recommendations.

PRINCIPAL RESPONSIBILITIES:

• Accurately spreads financial information on new loans and existing borrowers.
• Analyzes business financial statements as well as tax returns and cash flow statements to determine profitability, capital adequacy, liquidity, asset quality and the ability to repay obligations.
• Performs personal cash flow analyses and personal financial statement analyses on individuals to determine liquidity, availability of assets, and overall financial strength and repayment capacity.
• Performs comprehensive credit analyses focusing on the Bank's existing borrowers as well as less complex business loans for prospective borrowers. Recognizes and assesses pertinent risks and identifies the impact of financial, nonfinancial and external factors, ranging from management issues to general economic and industry conditions. Collaborates with business lending officers in the decision process.
• Interacts with appraisers to review market values, rental rates, vacancy rates and capitalization rates in geographic areas.
• Reviews loan files to ensure the completeness and that all collateral has been secured properly.
• Accompanies business lending officers on calls to prospective and existing borrowers to assist in the financial analysis and preparation of new loan requests.
• Maintains current and comprehensive knowledge of federal and state regulations, and the Bank's policies and procedures in credit administration/business lending operations.
• Participates in internal and external training courses, as necessary, to maintain and enhance knowledge of the business credit process.

NOTE: This position description reflects management's assignment of essential functions; it does not prescribe or restrict the tasks that may be assigned.

REQUIRED SKILLS: Thorough knowledge of financial statements, accounting principles, credit policy, applicable laws and industry data sources. Excellent financial analytical skills with sound judgment and decision-making abilities. Strong written and verbal communication skills. Proficient in Microsoft Office applications and Abrigo/Sageworks Credit Risk Software.

WORK ENVIRONMENT AND PHYSICAL DEMANDS: Work is often performed in an office environment. Ability to stay in a stationary position, operate a computer, exchange information, move inside and outside the workplace for business purposes. Required to travel locally. This position is eligible for a hybrid work arrangement in accordance with Webster Five's Remote Work Policy.

MINIMUM EDUCATION: Bachelor's Degree in Finance or Accounting, or related discipline.

PREFERRED PRIOR EXPERIENCE: One year of experience in credit analysis in the financial services sector.