Financial Analyst

General Description

This position is responsible to provide day to day support to a designated team to ensure customers are effectively serviced and operational situations resolved promptly and efficiently.

Essential Duties and Responsibilities

• Assist in the underwriting of loans (New, Extensions, Modifications) in case.
• Ensure all information is received to prepare Annual Reviews and complete Action Plans. Work with the Relationship Officer to request and follow-up the required financial information and other supporting document or information to complete the financial analysis.
•  Complete the annual/quarterly financial review of loans according to banks policies and procedures. The scope of the analysis will include, but not limited to, the following:
  • Testing compliance with Financial Tracking Requirements such as Financial Statements of the Borrower and Principal/s, Rent Roll, and other financials.
  • Testing compliance with Covenant Requirements such as Debt Service Coverage Ratio, etc. or any conditions on the loan (This includes review of loan documents to understand the definition of the covenants or the conditions in the loan agreement).

• Evaluation of Borrower’s historical financials to assess financial stability and performing pro-forma cash flow projections to ascertain debt service. 

  • Analysis of Historical Tax Returns or Income & Expense Statements.
  • Analysis of Rent Rolls (Tenant Mix & Rollover Risk).
  • Review of Commercial Leases including lease terms, rent escalations and reimbursement (if any) to determine the appropriate income to use in the Pro-Forma.
  • Perform Tax searches online with regards to the property’s payment history, abatements, and current taxes due.
  • Perform a Global DSC (Debt Service Coverage) Analysis if the loan is part of a bigger borrowing relationship.
  • Review of the Principal’s/Guarantor’s Financials including, Tax Returns and Credit Reports .
• Provide timely responses to questions or request for information by the Commercial Loan Review Team during Audits.   Adequately discuss or address any findings from Auditors on a timely basis.
• Periodically review existing documentation in files for accuracy and consistency.
• Determination of adequate risk rating for each loan annually and preparation of ORRAT.
• Ensure databases are accurate and up to date for customer information.
   

Education

Experience

Minimum of three years of experience in commercial banking

Other Qualifications

• Ability to review and analyze property rent rolls, leases, income and expense statements, tax returns, corporate and personal financial statements.
• Familiarity with appraisals, environmental, site inspections, global cash flow and stress testing.
• Ability to work on multiple projects/tasks simultaneously, managing time and resources to ensure that work is completed accurately and efficiently within established time frame.
• Knowledge of banking products, services, policies, procedures, and regulations to ensure compliance related to area of responsibility (AML/BSA/etc).
• Detailed knowledge of Excel is required, as well as basic computer operations.

Values