DRR Credit Analyst I
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POST DATE 8/12/2016
END DATE 11/4/2016
Synovus Financial Corp.
JOB DESCRIPTIONOriginal Posting date:
DRR Credit Analyst I
Area of Interest:
Columbia Main Office
Minimum Education: Bachelor's Degree in Business Administration, Finance, Accounting or related discipline or equivalent combination of experience and education
Minimum Experience: 6 months of job related work experience
Required Knowledge, Skills, & Abilities:
- Demonstrated work experience or education in the following areas:
- Analyzing and interpreting basic financial statements and tax returns
- Performing diverse analysis and preparing supporting documentation for management review
- Knowledge of credit risk analysis/underwriting principles, methods, practices and regulatory requirements that are required for the level of work being performed
- Knowledge of financial accounting theory, methodology and logic required for the level of work being performed
- Proficient at the intermediate level with Microsoft Office applications including Word and Excel
- Ability to use department credit/lending systems and databases, including IBS Insight (Metavante), Synergy, Lender Work Bench, Moody's RiskAnalyst, etc.
- Ability to meet service level agreements
Additional Job information:
***This job's location can potentially be in either Columbus, GA or Columbia, SC ***
As part of the DRR Centralized Credit Analysis team, performs duties related to the credit review of DRR flagged commercial loans with a focus on financial statement spreading to attain accurate risk ratings. Under direct supervision, learns and develops basic proficiency in the various risk rating models and scorecards for C&I and CRE loans. May perform financial spreads for prospects not requiring risk ratings. Refers to documented policies and procedures to guide and support the review and risk rating process. Spreading work will be centered on borrowers with less complicated relationships and financial statements as progress is evaluated. Seeks the advice of senior team members on more complex and questionable issues. Performs financial and statistical analysis to assist bank personnel in the determination of the clients' credit worthiness while minimizing risk exposure. Prepares analysis, reports and presentations for management review and regulatory reporting. Performs requests according to service level agreements with appropriate use of work flow tools. Ensures all transactions and processes are in compliance with regulatory and company guidelines, policies and procedures.
Job Duties and Responsibilities:
Performs duties related to the risk rating of commercial manually underwritten loans, with a focus on customers with less complex financial statements. May continue to assist with financial statement spreading of standard loans. Requires regular oversight and mentoring to develop proficiencies. Prioritizes work requests based on a Service Level Agreement hierarchy of importance from new money to renewals to monitoring reports, etc.
Performs analysis of extensive statistical data & financial statements, sensitivity analysis, guarantor analysis, etc. Utilizes the various scorecards in the Moody's RiskAnalyst application to generate probability of default (PDs) and loss given default (LGDs). Ensures the consistent use of well supported and factual analysis and processes to determine and recommend risk ratings.
Follows standard operating procedures when preparing analyses, reports, and presentations for management review. Performs accurate spreading of historical financial statements free of repetition; prepares prudent projections, and represents a clear focus on the merits, risks, and mitigating factors accordingly. Ensures each step of the process is in compliance with all company and regulatory guidelines, policies, procedures and methodology. Stays abreast of variations in laws across state boundaries, if applicable.
Collects "due diligence" materials necessary for credit review and risk rating analysis from bank or credit personnel with customer contact.
Provides analytical support for developing and maintaining credit studies, financial background information and other relevant data on present and prospective customers. Analyzes present and proposed lending while providing a complete risk rating analysis.
Executes ongoing monitoring of risk rating related reports including DRR exceptions and work flow volumes. May prepare validations of DRR results on an as needed basis for internal and external auditors/examiners. Assists with the development and maintenance of management reporting systems, both manual and automated, that provide an accurate and readily available reference library of loan portfolios, clients current and historical data, reports, etc. Ensures all support documentation, both prepared and submitted, are in compliance and retained in accordance with the company's records retention policy.
May provide assistance to senior team members for complex and diverse portfolios.
Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate Company authority in a timely fashion.
Performs other related duties as required.
The information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Synovus is an Equal Opportunity Employer supporting diversity in the workplace. M/F/D/V/AA
Synovus is an equal opportunity employer supporting diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.