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Work closely with Relationship Managers to evaluate the financial needs of prospective and existing customers, prepares Credit Memos and obtains Bank approval to provide the recommended products and services. Performs due diligence and Credit Agreement compliance follow-up duties, prepares credit and depository service proposal and commitment letters upon request, and handles administrative tasks associated with assigned groups of business customers.
1. CREDIT ANALYSIS:
Analyzes financial statements and pertinent information for credit worthiness of more complex businesses. Spreads financial statements on computerized spreadsheets and analyzes the results. Evaluates historical and forecasted cash flow for proposed debt serviceability. Evaluates collateral for appropriate advance rates, value stability and ease of liquidity. Makes recommendations regarding specific products and services to be offered, if any, and credit approval or disapproval. Ensures that credit requests adhere to Bank policy. Obtains Bank approval of products and services to be provided to prospective customers. Obtains input from the Relationship Manager and independently prepares Credit Memos as required per Bank policy for new extensions and renewals. Prepares Credit Memos that convey a thorough understanding of the credit worthiness of the applicant and the primary and secondary source of repayment and address all significant credit issues. Structures credit terms and conditions in a manner that adheres to sound lending practices and minimizes the risk to the Bank while meeting each customer’s credit requirements. Follows-up on annual credit line expirations and renewals as appropriate.
Independently monitors the financial condition of an assigned group of customers. Follows-up for receipt of financial information as required to be submitted to the Bank by each borrower. Analyzes financial information, checks for debt servicing capabilities and reports adverse trends. Prepares internal status and adverse grade reports where required. Schedules and reviews accounts receivable audits and examinations. Functions as a liaison with the Collateral Control Unit, Central Services and the Trade Finance Unit to ensure that within the above guidelines, the Bank provides the highest possible level of customer service. Maintains credit files in accordance with Bank policies. Verifies covenant compliance, maintains and reviews assigned reports and tracking systems, and prepares customer reminders and reservation of rights letters.
3. NEW BUSINESS DEVELOPMENT:
In conjunction with Business Banking Center Managers and Relationship Managers, makes quality prospective calls and customer retention calls to middle-market companies in the local service area. Obtains necessary information for underwriting purposes.
Qualified candidate shall send their resumes to Glenn Woerz.