ARM's work on a Commercial Lending Team and oversee the analysis of borrowers’ credit worthiness and the development of related credit memos for both new and existing borrowers and to monitor assigned loan portfolios to protect the assets of the Association.
Incumbent will both perform analysis and oversee Credit Analysis in the administration of the commercial credit functions in support of commercial loan officers in accordance with Bank’s loan policy. Ensures in-depth, high quality credit analyses, annual reviews, appraisal reviews and property evaluations are completed that contribute to the loan decision-making & risk rating process. Will manage a portfolio of commercial relationships.
Minimum Job Requirements:
Prior experience (minimum 5 years) as a commercial credit analyst in a financial institution preferred.
Bachelor’s degree in business, finance or accounting or an equivalent combination of work experience and education.
Basic knowledge of bank regulations and general commercial lending practices.
Fluent using Microsoft Word & Excel and financial spreading software.
Valid state Drivers’ license
Complete understanding of significant ratios derived from spreading financial statements and the ability to analyze the financial health of an entity based on significant ratios and changes over time in those ratios.
Knowledge of commercial & commercial real estate underwriting required.
Knowledge of residential and consumer lending areas desired.
Understanding of business entities and the unique legal, accounting, and taxation requirements of each.
Knowledge of borrowers, co-borrowers obligors and guarantors.
Understanding of types and characteristics of real and personal property ownership.
Understanding of the laws of creditor’s rights with respect to real and personal property.
Working knowledge of loan documentation and covenants under various structures
Good communication skills required.
Business grammar and letter writing skills.
Telecommuting is allowed.
Internal Number: 21-02
About First Federal Savings and Loan - McMinnville
First Federal has been operating in Yamhill County since 1922 and was founded to provide a secure, locally-owned financial institution for Yamhill County residents. Since our founding we have grown to over $508 million dollars in assets and we currently operate 6 full service branches, 2 limited service retirement center branches and a loan center.
As a federally chartered mutual savings and Loan, First Federal is "owned" by all of our customers...savers and borrowers...rather than stockholders.
We support our local communities, earning the 2020 Portland Business Journal's Corporate Philanthropy Award - the 10th year in a row. First Federal's 90 employees provided 2,200+ hours of community volunteer time in FY 2020. We care about our Community!