Credit Analyst (On-site, Seattle, WA)

Heritage Bank currently has an exciting opportunity to join our organization!

We are looking for a Credit Analyst at our Downtown Seattle WA office. The Credit Analyst will be responsible for assisting Commercial Bankers in underwriting credits portfolio management maintenance and customer service for an assigned portfolio of commercial accounts. Additionally this position will assist to ensure compliance with all policies procedures and regulations and the accurate and timely delivery of documents for closing the loan. This position is relied upon to independently manage a small portfolio and prepare a thorough analysis of all aspects of a credit including the preparation of financial spreads and projections in conformance with established Bank policies and procedures for new loan requests renewals and annual reviews and responds to customer inquiries related to the lending process in a timely and accurate manner.

This position is Full Time (40 hours per week) on-site in Seattle Washington.

Base Salary Range:

Level I- $30.12 - $37.34 - $45.18 per hour

Level II-$36.44 - $45.55 $54.66 per hour

Depending on qualifications and experience Credit Analyst I or II may be considered.

The Role at a Glance:

• Provides an exceptional level of customer service around all aspects of the banking relationship with a focus on the credit aspects in conjunction with the Commercial Banker assigned to the relationship.
• Independently interacts with prospective and existing clients to collect financial statements tax returns and other applicable information to include but is not limited to account receivables agings account payable agings rent rolls operating statements leases corporate documents and environmental reports.
• Completes and/or coordinates with Credit Administration financial statement spreading and cash flow/global cash flow analysis as requested and needed.
• Identifies loan purpose source of repayment collateral value/priority and full written analysis of all credit elements within the credit memorandum (SCM).
• May participate in presentations/meetings with credit administration to negotiate structuring pricing and edits needed to highlight and or partially mitigate credit risks.
• Tracks loan agreement compliance covenant monitoring borrowing base certificates and financial reporting via use of the lending tickler system. Ensure timely and accurate follow up.
• Analyzes financial and other information and complete file memos or written analysis to document trends and where necessary report and/or gain credit approval for action taken on Loan Agreement violations.
• Independently interacts with customers to collect information needed to complete loan renewals ahead of loan maturity dates to include information needed to order new property appraisals as applicable.
• Participates in the construction administration process by collecting and reviewing required information for monthly draws in conjunction with the RECAD team.
• Complies with governing regulations by maintaining current knowledge of commercial law UCC and Banking regulations and policies to ensure conformity with required laws and terms.
• May accompany Commercial Banking Officer on business calls and/or site visits as requested.

Core Skills and Qualifications:

• Bachelors degree in Business Administration Finance Economics Marketing or relevant discipline required. MBA preferred.
• Level I-1 year recent experience in a commercial lending support and/or credit analyst role in the financial services industry required.
• Level II- 3 years recent commercial credit underwriting experience which includes financial statement analysis cash flow analysis collateral evaluation and loan structuring in a commercial banking environment required.
• Accounting and Financial analysis skills developed through a combination of education and work experience required.
• Completion of a formal credit training program highly desired.
• Equivalent combination of education formal credit training and relevant experience may be considered.
• Excellent listening verbal written and telephone etiquette business communication skills with the ability to communicate outstanding/follow up issues over the phone in person and via email; effective presentation skills with the ability to read write speak and understand English well.
• Working knowledge of accounting and finance theory and practices including Generally Accepted Accounting Principles taxation legal forms of organizations and business law.
• Ability to interpret financial statements/spreads (including cash flow balance sheet and profitability) and present facts and offer opinions concerning credit worthiness.
• Basic knowledge of financial modeling techniques and ability to identify recurring and non-recurring sources of cash flow and guarantors ability to service debt.
• Knowledge and experience interpreting credit reports and industry financial information averages.
• Ability to gain working knowledge of lending practices collateral perfection loan documentation disclosures terminology and legal documents.
• Ability to understand and apply principles procedures compliance requirements federal/state regulations and policies related to assigned area as well as the Banks policies procedures products and services.
• Strong organizational time management data review and processing skills; with the ability to identify and resolve exceptions and interpret data in a timely manner.
• Demonstrated analytical and problem-solving skills with excellent attention to detail and a strong focus on accuracy.
• Demonstrated ability to quickly focus on key issues and make decisions under pressure of time constraints and/or competing deadlines with minimal direction and oversight.
• Unquestionable integrity in handling sensitive and confidential information required.
• Proficient use and understanding of MS Office products (Word Excel Outlook) with the ability to learn and adapt to new technologies quickly and gain working knowledge of financial services loan systems and credit software applications required.
• Ability to independently and satisfactorily complete the Banks self-directed Credit Analyst training courses.
• Willingness to travel to other branch and customer locations when needed; valid drivers license proof of insurance and access to reliable transportation; or the ability to access and utilize an alternative method of transportation when needed required.

Working Environment/Conditions:

• Climate controlled office environment.
• Occasionally exposed to outdoor weather conditions.
• Work involves being able to concentrate on the matter at hand under sometimes distracting work conditions and frequent employee and customer contacts and interruptions during the day.
• Work requires regular attendance punctuality and adherence to agreed-upon schedule with willingness to work a flexible and/or rotating schedule and or extended hours as needed.

Physical Demands/Effort:

• Ability to operate a computer keyboard multi-line telephone photocopier scanner and facsimile which often requires dexterity of hands and fingers with repetitive wrist and hand motion.
• Work may involve the constant use of computer screens reading of reports; typically sitting at a desk or table; intermittently standing stooping bending at the waist climbing kneeling or crouching to file materials and/or conduct site/property inspections.
• Occasional lifting 10 15 lbs. files boxes etc.

At Heritage Bank we work hard but also know how important it is to take time off to stay healthy relax and spend time doing what makes your heart happy!

As part of our team youll enjoy a total rewards package which includes base salary based on the role experience and skill set along with an exceptional benefits package (medical dental vision life insurance 401(k) community volunteer time) and generous time off policy. Full-time team members receive a minimum of 10 paid vacation days annually* and eight hours of paid sick leave per month* while also enjoying 11 paid holidays each calendar year and an annual float day. *pro-rated from start date and/or hours worked. To view Benefits Summary: Apply > Current Openings > position > attachment.

The above statements are intended to describe the general nature and level of work being performed and are not an exclusive list of all qualifications for this position.

Heritage Bank is an Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation gender identity national origin age protected veteran status disability or any other basis protected by applicable law.

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Salary Range Disclaimer

The base salary range represents the min mid and max of Heritage Banks salary range for this position. Actual salaries will vary depending on factors including but not limited to qualifications experience and job performance. The range listed is just one component of Heritage Banks total compensation package for full time and part time employees. Depending on position other total compensation rewards may include monthly quarterly or annual incentive and/or bonuses.