Senior Portfolio Credit Analyst, Commercial Lending (Seattle, WA) at HomeStreet Bank in Seattle, Washington

Job Description:

EO/AA Employer including Vets and Disabled
Qualified applicants with arrest and conviction records will be considered in accordance with legal requirements.

Job Description SummaryProvide credit analysis support to Commercial Lending Department, and more specifically to Underwriters and Relationship Managers, while maintaining compliance with Bank policies, procedures and federal regulations. This position handles the more complex loans and structures and may provide support to more junior credit staff. Specifically, the duties and responsibilities of this position will include obtaining and reviewing reports and financial information to assist department management, as well as Underwriters and Relationship Managers, to ascertain the financial condition of current and prospective Borrowers. Also, this position will maintain the integrity of the covenant tracking system through various processes and audits. This position may also spread financial statements as well as underwrite loan modifications and small commercial loan requests or renewals.
Job Details
PRIMARY FUNCTIONS:
- Coordinate renewals for assigned credits.
- Review ABL BBC's
- Spread financial statements and tax returns using department systems and tools
- Provide preflight support, as needed
- Gather formation documents and compliance documents
- Pull or coordinate third party reports to include credit reports, background checks, preliminary title, environmental, appraisals, collateral exams, UCC searches and flood determinations/notification
- Review third party reports and escalate exceptions for further review
- Assist with CRE Addendum, as needed
- Loan document review prior to signing
- Gather insurance certificates in coordination with closer or loan operations.
- Coordinates booking documents and assists in gathering missing information
- Perform site visits
- Act as central point for logging in all financial statement submissions and financial covenant updates, as well as creating covenant maturity reports for Management and Relationship Officers/Underwriters
- Ensures timely covenant testing; escalate as defined in department procedures for those not in compliance.
- Involved in reviewing complex advance requests for multi disbursement loans, equipment lines, BBC advances, etc.
- Assist with preparation of watch list credit comments.
- Assist with Problem Loan Reports for adverse rated credits, as necessary.
- Coordinates post-closing work (tickler setup, merging credit quest records, etc.)
- Coordinate renewals for regional credits
- Perform site visits, as necessary
- Monthly review of covenant compliance testing/tickler compliance
- Assists Relationship Managers/Underwriters with financial statement request letters and other correspondence, including standard default letters for covenant violations
- Other duties and special projects as assigned by Management

QUALIFICATIONS:
- Bachelor's Degree in Business related field or equivalent education preferred
- Ability to read and interpret a variety of financial statements required
- Ability to spread financial statements using Credit Quest
- Minimum of 5 years' experience in commercial credit underwriting or related experience
- Strong written and oral communication skills, attention to detail, spelling, grammatical and proofreading abilities
- Proficiency with Microsoft office products (Excel, Word, Outlook)
- Must possess a positive attitude, good judgment, and the ability to accept responsibility and handle confidential information
- Ability to meet deadlines and work under pressure
- Willingness to assume additional responsibilities/duties/projects as they arise

MENTAL AND PHYSICAL CONSIDERATIONS:
- Willing and able to travel occasionally as needed.
- Able to operate a Personal Computer and view information on a monitor for extended periods.
- Must be able to sit for many hours each day.
- Must be able to communicate via telephone and possess dexterity to include filing document, reaching and bending.
- Ability to lift or carry up to 20 pounds
- Ability to speak English and express ideas and have difficult conversation in person and over the telephone
- Ability to listen and comprehend speech.
- Ability to problem solve, make decisions, interpret data and information, read, write and organize information in an orderly manner.
- Normal business office environment.
- Ability to sit in artificial light for extended periods of time

WORK ENVIRONMENT:
- Office environment
- Work activities may call for occasional visits to the premise of various borrowers
- Ability to sit in artificial light for extended periods of time

This Position Description may not be limited to the Functions and Requirements as outlined, now or in the future. For example, changes in corporate needs, position demands, or individual performance may result in changes to the Functions or Requirements of this position.
AreaUnderwriting (Corporate).