Job Information
S&T Bank Senior Credit Analyst in Akron, Ohio
Work Location: Akron or Cuyahoga Falls, Ohio Locations Akron: 491 North Cleveland-Massillon Road Akron, OH 44333 Cuyahoga Falls 2032 Front Street Cuyahoga Falls, OH 44221 Work Hours: Monday - Friday 8:00am - 5:00pm Additional hours as needed to fulfill the needs of the department Function: Responsible for evaluating loan requests for appropriate structure and acceptable use of loan funds; providing an independent analysis of credit quality for the most complex loan relationships at the bank to determine borrower's financial condition and ability to repay; concentrating on middle market, upper middle market, syndications, shared national credits, complex participations and specialized lending and industries; reviewing credit facility requests to determine compliance with Corporate policies and procedures and ensuring that proposed transactions comply with government regulation; preparing highly accurate credit approval documents, in accordance with Department procedures, which outline the material strengths and weakness of the proposed transaction(s); assigning appropriate risk ratings to borrowers or specific loans; complete credit analysis on above average complexity. Duties and Responsibilities: Determines whether information submitted for underwriting meets bank policy and procedures as well as regulatory requirements for commercial credit applications. Researches and accurately interprets commercial loan documentation, agreements, leases, contracts, and other technical documentation of a legal nature. Identifies the documentation necessary to complete a loan documentation file for all commercial products offered and to perfect all types of collateral. Reviews loan terms and conditions and transaction sources and uses to determine appropriateness of loan structure and reasonableness of loan purpose. Identifies improper structure and makes recommendations to Relationship Managers, lending management and/or credit approval authorities for improving loan structure. Conducts background checks and credit bureau inquiries via third party vendors to prevent fraud and assess the overall character of credit applicants. Expert in the analysis of higher-risk and/or specialized industries common in commercial lending transactions, including but not limited to: automobile dealers, land acquisition and development, energy companies, contractors, healthcare providers and municipalities. Utilizes advanced financial and quantitative analyses techniques to evaluate financial and related information to gauge borrower's overall ability to repay debt as well as to assess financial performance relative to peer companies, industry benchmarks or other standards of performance. Interprets and resolves complex financial problems and questions, including the identification of required variables and data sources, proper adjustment of stated financial figures, finding solutions from incomplete or fragmentary information, and following through with all appropriate calculation steps. Recommends appropriate financial covenant structures for larger commercial loan transactions. Designs financial covenant definitions to be utilized in the commercial loan agreement. Identifies significant credit issues during the underwriting process through a comprehensive listing of major strengths and weaknesses in the proposed loan transaction(s). Responsible for defending positions taken. Prepares the entire underwriting document utilized by executive management to approve loans for the highest credit risk exposures. Ensures that documents are accurate with a high level of detail. Ability to thoroughly document the approaches taken and to defend all assumptions utilized in the credit analysis. Assigns appropriate risk ratings to proposed loan transactions, including regulatory non-Pass ratings, wh