Credit Analyst 2
Pay is based on a number of factors including the successful candidate's job-related knowledge and skills, qualifications, and prior experience. Arvest offers a comprehensive suite of benefits, including a full range of health and life, financial, and wellness benefits. For more information about benefits, please visit www.arvest.com/careers/benefits.
Position is located in 502 S Main Mall, Tulsa, OK 74103.
Hours are Monday through Friday 8:00 am to 5:00 pm with ability to work additional hours as needed.
The story of Arvest is one of commitment, started by our founders in 1961 with an intense dedication to focusing on our customers. We will always be active and involved members of the communities we serve, and we will always work to put the needs of our customers and associates first as we continue to fulfill our mission - People helping people find financial solutions for life.
Job Title: Credit Analyst 2
With minimal direction, incumbents will analyze and project credit and financial information for complex commercial loans. Incumbents work with borrowers and Commercial Bankers in the preparation and presentation of loan proposal packets for the Loan Committee meetings. Incumbents conduct financial analysis on borrowers to assess their ability to repay loans, monitor trends and conditions, and determine and alert senior management to potential problem situations that surface from analytical research. In addition, incumbents monitor loan compliance by tracking technical exceptions and the calculation of financial covenants.
What You Will Do at Arvest: (Other duties may be assigned.)
• Analyze and spread financial statements and related material for complex commercial loans.
• Determine the need for more thorough research or additional information and work with the Commercial Bankers to obtain it.
• Stay informed on respective industries represented within loan portfolios and trade areas.
• Offer recommendations based on analysis of creditworthiness and customers' ability to repay loans. Jointly work with Commercial Bankers to prepare loan proposals for customer requests and credit memorandums.
• Work directly with customers and prospects during the credit review process in conjunction with the Commercial Banker.
• Make recommendations to senior management regarding improvements to bank procedures and processes.
• Monitor loan compliance throughout the year through monitoring of technical exceptions and calculation of financial covenants.
• Assist the manager with monthly or quarterly portfolio monitoring reports.
• Assist with the preparation of concentration reports for review by senior management as requested.
• Assist with training new Credit Analysts.
• May prepare reports to forecast future expectations, show how certain industries will perform, and determine the risk associated with the endeavor.
• May provide in-depth loan portfolio monitoring/management for the assigned bank group.
• Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program, as applicable to your job duties. This includes but is not limited to completing compliance training and adhering to internal procedures and controls; reporting any known violations of compliance policy, laws, or regulations; and reporting any suspicious customer and/or account activity.
Supervisory Responsibilities: NA
Responsibilities:
Required Toolbox for Success:
• Bachelor's degree, preferably in Accounting, Finance, or Business, or equivalent finance, accounting, or lending experience
• 9 hours of college-level accounting or equivalent training (ABA, Omega/Moody's' or other in-depth training courses focused on financial analysis or commercial loan underwriting)
• 2 years of experience in accounting, finance, or lending
• Certified Lease and Finance Professional Certification (CLFP) or the ability to obtain within two years of hire (required for Arvest Equipment Finance positions only)
Preferred Toolbox for Success:
• Credit Analyst experience
Relevant military experience is considered for veterans and transitioning service members.
Physical Demands:
Regular attendance is an essential function of the job. The associate must be able to travel occasionally within the US, possibly overnight. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
We offer competitive compensation, benefits packages, and significant professional growth.
Arvest Bank is committed to providing equal opportunity to all persons regardless of race, color, race-based hairstyles and textures, religion, marital status, sex, sexual orientation, gender identity, pregnancy, age, national origin, disability, veteran status, or any other basis, which now or in the future may be specified by law.
Along with an excellent benefits package, our associates are engaged, rewarded for performance, and encouraged to grow professionally and personally. Our associates drive our future. We urge you to apply if you want to be recognized for your results and empowered to reach your potential.
Grade 15
Pay Range: $60980 - $72409 per year
