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Portfolio Credit Analyst or Senior Portfolio Credit Analyst, Commercial Lending

Company: HomeStreet Bank
Location: Richland
Posted on: February 15, 2021

Job Description:

EO/AA Employer including Vets and Disabled

Qualified applicants with arrest and conviction records will be considered in accordance with legal requirements.

Job Description Summary
POSITION SUMMARY:

Portfolio Credit Analyst
Provide credit analysis support to Commercial Lending Department, and more specifically to Underwriters and Relationship Managers, while maintaining compliance with Bank policies, procedures and federal regulations. Specifically, the duties and responsibilities of this position will include obtaining and reviewing reports and financial information to assist department management, as well as Underwriters and Relationship Managers, to ascertain the financial condition of current and prospective Borrowers. Also, this position will maintain the integrity of the covenant tracking system through various processes and audits. This position may also spread financial statements as well as underwrite loan modifications and small commercial loan requests or renewals.

Portfolio Credit Analyst Senior
Provide credit analysis support to Commercial Lending Department, and more specifically to Underwriters and Relationship Managers, while maintaining compliance with Bank policies, procedures and federal regulations. This position handles the more complex loans and structures and may provide support to more junior credit staff. Specifically, the duties and responsibilities of this position will include obtaining and reviewing reports and financial information to assist department management, as well as Underwriters and Relationship Managers, to ascertain the financial condition of current and prospective Borrowers. Also, this position will maintain the integrity of the covenant tracking system through various processes and audits. This position may also spread financial statements as well as underwrite loan modifications and small commercial loan requests or renewals.
Job Details

PRIMARY FUNCTIONS:

Portfolio Credit Analyst

Coordinate renewals for assigned credits.
Review ABL BBC's
Spread financial statements and tax returns using department systems and tools
Provide preflight support, as needed
Gather formation documents and compliance documents
Pull or coordinate third party reports to include credit reports, background checks, preliminary title, environmental, appraisals, collateral exams, UCC searches and flood determinations/notification
Review third party reports and escalate exceptions for further review
Assist with CRE Addendum, as needed
Loan document review prior to signing
Gather insurance certificates in coordination with closer or loan operations.
Coordinates booking documents and assists in gathering missing information
Perform site visits
Act as central point for logging in all financial statement submissions and financial covenant updates, as well as creating covenant maturity reports for Management and Relationship Officers/Underwriters
Ensures timely covenant testing; escalate as defined in department procedures for those not in compliance.
Involved in reviewing complex advance requests for multi disbursement loans, equipment lines, BBC advances, etc.
Assist with preparation of watch list credit comments.
Assist with Problem Loan Reports for adverse rated credits, as necessary.
Coordinates post-closing work (tickler setup, merging credit quest records, etc.)
Coordinate renewals for regional credits
Perform site visits, as necessary
Monthly review of covenant compliance testing/tickler compliance
Assists Relationship Managers/Underwriters with financial statement request letters and other correspondence, including standard default letters for covenant violations
Other duties and special projects as assigned by Management

Portfolio Credit Analyst Senior

Coordinate renewals for assigned credits.
Review ABL BBC's
Spread financial statements and tax returns using department systems and tools
Provide preflight support, as needed
Gather formation documents and compliance documents
Pull or coordinate third party reports to include credit reports, background checks, preliminary title, environmental, appraisals, collateral exams, UCC searches and flood determinations/notification
Review third party reports and escalate exceptions for further review
Assist with CRE Addendum, as needed
Loan document review prior to signing
Gather insurance certificates in coordination with closer or loan operations.
Coordinates booking documents and assists in gathering missing information
Perform site visits
Act as central point for logging in all financial statement submissions and financial covenant updates, as well as creating covenant maturity reports for Management and Relationship Officers/Underwriters
Ensures timely covenant testing; escalate as defined in department procedures for those not in compliance.
Involved in reviewing complex advance requests for multi disbursement loans, equipment lines, BBC advances, etc.
Assist with preparation of watch list credit comments.
Assist with Problem Loan Reports for adverse rated credits, as necessary.
Coordinates post-closing work (tickler setup, merging credit quest records, etc.)
Coordinate renewals for regional credits
Perform site visits, as necessary
Monthly review of covenant compliance testing/tickler compliance
Assists Relationship Managers/Underwriters with financial statement request letters and other correspondence, including standard default letters for covenant violations
Other duties and special projects as assigned by Management

QUALIFICATIONS:

Portfolio Credit Analyst

Bachelor's Degree in Business related field or equivalent education preferred
Ability to read and interpret a variety of financial statements required
Ability to spread financial statements using Credit Quest
Minimum of 2 years' experience in commercial credit underwriting or related experience
Strong written and oral communication skills, attention to detail, spelling, grammatical and proofreading abilities
Proficiency with Microsoft office products (Excel, Word, Outlook)
Must possess a positive attitude, good judgment, and the ability to accept responsibility and handle confidential information
Ability to meet deadlines and work under pressure
Willingness to assume additional responsibilities/duties/projects as they arise

Portfolio Credit Analyst Senior

Bachelor's Degree in Business related field or equivalent education preferred
Ability to read and interpret a variety of financial statements required
Ability to spread financial statements using Credit Quest
Minimum of 5 years' experience in commercial credit underwriting or related experience
Strong written and oral communication skills, attention to detail, spelling, grammatical and proofreading abilities
Proficiency with Microsoft office products (Excel, Word, Outlook)
Must possess a positive attitude, good judgment, and the ability to accept responsibility and handle confidential information
Ability to meet deadlines and work under pressure
Willingness to assume additional responsibilities/duties/projects as they arise

MENTAL AND PHYSICAL CONSIDERATIONS

Willing and able to travel occasionally as needed.
Able to operate a Personal Computer and view information on a monitor for extended periods.
Must be able to sit for many hours each day.
Must be able to communicate via telephone and possess dexterity to include filing document, reaching and bending.
Ability to lift or carry up to 20 pounds
Ability to speak English and express ideas and have difficult conversation in person and over the telephone
Ability to listen and comprehend speech.
Ability to problem solve, make decisions, interpret data and information, read, write and organize information in an orderly manner.

Normal business office environment.
Ability to sit in artificial light for extended periods of time

WORK ENVIRONMENT:

Office environment
Work activities may call for occasional visits to the premise of various borrowers
Ability to sit in artificial light for extended periods of time

This Position Description may not be limited to the Functions and Requirements as outlined, now or in the future. For example, changes in corporate needs, position demands, or individual performance may result in changes to the Functions or Requirements of this position.

Area
Underwriting (Corporate)

Equal Employment Opportunity Equal employment opportunity is a fundamental HomeStreet belief. We practice fair and equal treatment for everyone, regardless of race, color, national origin, ancestry, religion, creed, political ideology, gender, marital status, sexual orientation, age, or the presence, history or perception of having any sensory, mental or physical disability, genetic information, or protected veteran status. In addition, we ensure compliance with federal, state and local laws governing nondiscrimination in employment. This philosophy applies to all terms and conditions of employment, including hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

Keywords: HomeStreet Bank, Richland , Portfolio Credit Analyst or Senior Portfolio Credit Analyst, Commercial Lending, Professions , Richland, Washington

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