Credit Analyst

Company Overview
First Community Bank is a locally owned and operated financial institution dedicated to serving our communities with integrity and care. Our commitment to "Where Community Comes First" guides us in building strong relationships and supporting local initiatives through our team of passionate banking professionals.

Basic Function:

This position is responsible for analyzing credit data and financial statements to determine the degree of risk involved in extending credit or lending money. This position must present a quality, professional image for First Community Bank and have the desire and ability to develop and maintain quality customer relationships.

Essential Duties and Responsibilities:

• Analyze financial statements, tax returns, credit reports, debt schedules, and industry ratios to assess the customer’s financial health, cash flow, and their ability to meet their debt obligations.
• Work with loan officers to ensure proper financial documentation is received and maintained from customers.
• Perform annual reviews to ensure compliance with financial covenants and identify potential credit quality issues.
• Communicate with loan officers and other bank personnel to verify key financial and credit information as well as keep them informed of the analysis.
• Evaluate liquidity, profitability and credit histories of customers to prevent losses to the bank.
• Maintain data containing customer credit and financial histories, including spreadsheets and corresponding narratives that detail a company’s financial performance.
• Promptly and successfully complete all compliance training as determined by the compliance department.
• Attend department and company meetings which may be scheduled outside of normal work hours.
• Perform any other related duties as required or assigned.

Qualifications/Requirements:

• Ability to interpret and analyze financial statements, understand financial ratios, and assess financial health.
• Skilled in using financial software, specifically Excel, and other relevant tools for data analysis.
• Ability to conduct thorough research and verify information.
• A bachelor's degree in finance, accounting, economics, or a related field is preferred.
• An associate’s degree and relevant experience.
• Attention to detail with a high degree of accuracy.
• Able to work responsibly with little supervision.
• · Ability to work independently and as part of a team.

Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions. First Community Bank is an EO employer – Veterans/Disabled and other protected classes.

Benefits:

• 401(k)
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Referral program
• Retirement plan
• Vision insurance

Work Location: In person