Credit Reporting Associate I

As a Credit Reporting Associate I at our company, you'll be tasked with supporting Portfolio Managers and Credit Underwriters by spreading personal and corporate financial statements and tax returns. Your responsibilities will include performing covenant calculations, maintaining the SageWorks covenant tickler system, and preparing credit memos under the guidance of the Credit Administrator. You’ll also have the chance to assist with processing needs, ensuring compliance with all bank policies and regulatory requirements.

For the Credit Reporting Associate I position, candidates ideally should have a BA degree in finance, accounting, or a related field, along with accounting courses as preference. Alternatively, 6 to 12 months of credit analysis experience in a bank or financial services environment may be accepted. The role demands strong analytical and research skills, effective communication abilities, and the capacity to problem-solve independently while managing multiple deadlines.

While previous credit analysis experience is not mandatory, it is preferred for applicants aiming to secure the Credit Reporting Associate I position. Candidates with a BA degree in finance or a related field and relevant coursework will also be strongly considered. Having at least 6-12 months of experience can significantly enhance your application and help you stand out.

The salary for the Credit Reporting Associate I position ranges from $22.00 to $28.00 per hour. This competitive pay structure reflects the importance of the role in supporting portfolio management and credit underwriting functions within our organization.

Success as a Credit Reporting Associate I involves a blend of analytical skills, effective communication, and the flexibility to work independently. Candidates should be team players who can manage multiple tasks under tight deadlines while showcasing their problem-solving abilities. A professional demeanor and a commitment to compliance with bank policies are equally essential for this role.

Covenant calculations are essential financial metrics that ensure compliance with the terms of a loan or lease agreement. Understanding these calculations is critical for a Credit Reporting Associate I, as they help assess the creditworthiness of clients and determine if they are meeting the financial requirements outlined in their agreements.

Prioritizing tasks is crucial in ensuring timely delivery of reports and analysis. I recommend creating a to-do list based on urgency and importance, breaking larger tasks into manageable chunks, and regularly checking in with Portfolio Managers to ensure alignment on priorities. This approach helps maintain focus and efficiency.

When discussing financial statement analysis, it's important to highlight specific instances where you've interpreted key financial metrics or ratios. Share examples of how your analysis has impacted decision-making processes, and emphasize your understanding of various financial components like income statements, balance sheets, and cash flow statements.

Handling discrepancies requires a detail-oriented approach. I would ensure to document the discrepancy, investigate the root cause, and communicate my findings transparently to the necessary stakeholders. This collaborative resolution process not only resolves the issue but also helps prevent similar occurrences in the future.

Proficiency with financial analysis tools like SageWorks is crucial for the Credit Reporting Associate I role. Additionally, familiarity with spreadsheet software, such as Microsoft Excel, is essential for performing various analytical tasks and securely documenting financial data.

Ensuring compliance involves staying informed about the latest banking regulations and the organization's internal policies. I prioritize ongoing training and utilize checklists when performing tasks that require regulatory adherence. Regular communication with compliance officers also helps keep everything aligned with best practices.

In a previous role, I encountered a situation where financial data from a client was incomplete. I overcame this challenge by proactively reaching out to the client for clarification and additional information, which enabled me to complete my analysis accurately and within the expected timeline.

I am genuinely passionate about finance and helping clients succeed. The dynamic nature of analyzing financial statements and uncovering insights to mitigate credit risk excites me. I find it incredibly rewarding to contribute to sound financial decision-making for the organization.

Supporting Portfolio Managers involves clear and proactive communication, ensuring they have timely access to the financial reports and analyses they need. I would prioritize building strong professional relationships with them to better understand their needs and deliver tailored reports that aid in their decision-making.

The most important trait for a Credit Reporting Associate I is a strong analytical mindset. The ability to dissect complex financial information and communicate findings clearly is essential. Additionally, being detail-oriented and organized ensures that all reports are accurate and compliant with regulations.