Commercial Credit Analyst III - Warehouse Lending

Hybrid Opportunity

At First Federal Bank, core values speak to the heart of an organization and are the essence of a company’s identity. Everything we do is centered around our community, *customer service**, our stability**, and being trustworthy****. These values support our mission and vision, shape our culture, and provide a foundation for the future.*

Offering a dynamic benefit package that includes but is not limited to:

• Four Medical Plan Offerings to choose from
• Employer HSA Contributions (Coverage/Plan exclusions)
• Employer Provided Life Insurance Policy
• Annual Health Incentive
• Annual Wellness Reimbursement
• Tuition Reimbursement program
• Generous Match 401k Retirement Plan
• Paid Sick Leave
• Paid Vacation Leave
• 11 Paid Holidays based on the Federal Reserve Calendar

If you are ready to take on a challenging and rewarding role; we invite you to apply for this exciting opportunity.

Job Purpose

The Commercial Credit Analyst evaluates the creditworthiness of prospective and existing commercial borrowers by analyzing financial information, credit data, industry trends, and market conditions. This position prepares comprehensive credit analyses and recommendations to support sound lending

Essential Functions and Responsibilities

• Evaluate the creditworthiness of prospective and existing commercial borrowers through analysis of financial statements, tax returns, credit reports, collateral information, and other relevant financial data.
• Prepare detailed credit memorandums summarizing financial analysis, repayment capacity, collateral, identified risks, and other relevant credit considerations for new loans, renewals, reaffirmations, and modifications of existing loans.
• Complete annual reviews of existing commercial relationships to identify changes in financial condition and credit risk and, when appropriate, coordinate annual reviews with loan maturities.
• Identify and coordinate changes to risk ratings and policy exceptions identified during the credit analysis and review process.
• Monitor industry trends, economic conditions, regulatory developments, and other factors that may affect borrowers, credit risk, and commercial lending practices.
• Coordinate loan packages and support documentation for presentations to the Loan Committee, Executive Loan Committee, and Board of Directors, and work with administrative staff to coordinate applicable agenda items.
• Provide technical guidance and assistance to loan officers and lending assistants regarding financial analysis, credit documentation, and the credit approval process.
• Work collaboratively with lenders and other banking professionals to facilitate timely and accurate credit decisions.
• Maintain organized, accurate, and complete credit analysis documentation in accordance with established Bank policies and procedures.
• Provide exceptional service to internal and external customers by responding professionally and identifying practical, innovative solutions.
• Perform other duties and responsibilities as assigned by management.

Qualifications and Requirements

Education \& Experience

• Bachelor’s degree in finance, accounting, business administration, or a related field required.
• Minimum of five years of experience as a Credit Analyst, including experience analyzing commercial and commercial real estate (CRE) transactions.
• Experience performing financial statement analysis and preparing commercial credit presentations or memorandums required.
• Banking or financial institution experience is strongly preferred.

Preferred Mortgage Warehouse Underwriting Experience - The ideal candidate will also possess knowledge and experience in warehouse lending and mortgage banking operations, including:

• Understanding of how Warehouse Lines are used and how they operate, including familiarity with sub limits, advance rates, pricing, sources of repayment.
• Understand Independent Mortgage Bank business models-both simple and complex operations and resulting differences in financial reporting.
• Familiar with and able to interpret validation documents including Investor Scorecards, QC Reports, Neighborhood Watch Scores, MSR Valuations, Third Party Operational Audits.
• Understand impacts of mark to market operations on company cash flow.
• Familiar with Warehouse Banking and Mortgage Banking terminology: retail, wholesale MSR's, Derivatives, Loan Production versus Revenues, Gain on Sales, Secondary Marketing, Investors, Non-QM, bond loans, bridge loans, etc
• Understand general role of government entities involved in mortgage operations: Ginnie, Fanny, Freddie, USDA.

Knowledge, Skills and Abilities

• Strong knowledge of commercial credit analysis, including financial statement and cash-flow analysis.
• Knowledge of commercial and commercial real estate lending concepts and credit risk considerations.
• Knowledge of financial institution lending policies, procedures, and credit administration practices.
• Strong analytical and critical-thinking skills with the ability to identify credit risks and make well-supported credit recommendations.
• Ability to analyze complex financial information accurately and communicate conclusions clearly.
• Excellent written and verbal communication skills.
• Strong attention to detail and commitment to accuracy and quality.
• Ability to prioritize multiple assignments, manage competing deadlines, and work effectively in a deadline-driven environment.
• Ability to work collaboratively and professionally with loan officers, lending assistants, management, and other business partners.
• Ability to exercise sound judgment, discretion, and professionalism when handling confidential financial and customer information.
• Strong organizational and problem-solving skills.
• Ability to interact tactfully and professionally with customers, co-workers, and management.

PHYSICAL AND WORK REQUIREMENTS

• Work is primarily performed in a professional office environment.
• Ability to remain in a stationary position for extended periods while performing computer-based duties.
• Regular use of a computer, keyboard, telephone, and other standard office equipment is required.
• Ability to communicate effectively with employees, customers, and business partners in person, by telephone, electronically, and in writing.
• Ability to review and analyze detailed financial information and documents for extended periods.
• Must be able to perform the essential functions of the position, with or without reasonable accommodation.

Bilingual candidates encouraged to apply.

EQUAL OPPORTUNITY EMPLOYER / VET / DISABILITY

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