Credit Analyst I

Meridian Bank (subsidiary of Meridian Corporation, Nasdaq: MRBK) is an innovative team of experts serving the financial needs of entrepreneurs, businesses and individuals. Growing throughout Pennsylvania, New Jersey, Delaware, Maryland and Florida, Meridian offers opportunities for anyone wishing to start or continue a career working in a collegial atmosphere to bring unrivaled service to clients and customers.Member FDIC | Equal Housing LenderPosition summary: Responsible for performing various duties to support the Commercial and Industrial Lending Department; coordinating work within the department, as well as with other departments; complying with operating policies and procedures established for this position. Reporting pertinent information to the immediate supervisor; responding to inquiries or requests for information.Qualifications required:Bachelor's degree in Accounting Finance or related field2-3 years of previous credit analyst experienceLoan memorandum preparation requiredDebt service analysis experience requiredCASH (or equivalent) Financial Statement Spreading experience preferredAbility to work in a team environmentSound accounting, analytical, and mathematical skillsStrong computer skills (MS Office, etc.)High degree of attention to detail and ability to multitaskEssential functions and responsibilities:Develops complete analysis of business and financial risks of potential borrower. Makes assessment of financial condition and performance and recommend a sound credit decisionCompletes full loan approval memo based on current Bank policy. Accurately states loan structure, conditions and reporting requirements based upon officer input. Performs credit analysis of prospects and customers assessing company's project's history, industry trends, cash flow, leverage and collateral valuesResearches legal entity for formation documents, existing debt and liens, industry analysis and economic outlook. Completes summary background and ownershipmanagement structurePrepares and maintains financial statement worksheets and complete spreads in accordance with generally accepted accounting practicesCompletes specialized duties unique to assigned commercial business, such as assisting in portfolio monitoring and review of existing facilitiesMonitors loan portfolio and assist in reporting of various loan quality measurement including: preparing reports, and ongoing review of expiring loan extensionsInputs and calculates global cash flow and debt service ability on spreadsheets. Prepares schedules for complete personal andor business income and debt service from financials and credit reports. Analyzes and interpret ratios, summarize for Loan Memo attachmentsContinuous development of accounting and credit analysis skills through coursework and RMA Financial Accounting self-study courses. Other coursework involving accounting, finance, and relevant case studies developed in-house at Meridian will be made availableEnsures compliance, operational risk controls in accordance with Meridian or regulatory standards and policies; and optimize relations with regulators by addressing any issues. Notifies appropriate personnel of unique situationsCompiles, evaluates, and analyzes a broad range of borrowers, both businesses and individuals, within the commercial loan portfolio and works with lenders to maintain and expand portfoliosDemonstrates and promotes Meridian Bank's Core Values: Our Partners, Our People, Our Bank and Our CommunitiesCoordinates specific work tasks with other employees within the department as well as with other departments in order to ensure the smooth and efficient flow of informationAbides by the current laws and organizational policies and procedures designed and implemented to promote an environment which is free of harassment and other forms of illegal discriminatory behavior in the work placeCommunicates with management and coworkers in order to integrate goals and activitiesCooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Bank's compliance with all regulatory requirements, e.g. Community Reinvestment Act (CRA), Bank Secrecy Act (BSA), Equal Credit Opportunity Act, etc.Other duties as assignedSuccess factorsjob competencies:Organizational and time management skillsAbility to work with little or no supervisionExcellent interpersonal and communication skillsTimely and regular attendanceCompletes work in a timely mannerAccuracy and consistency of all inputs, calculations and attachmentsActively seek coachingApplication Access:Jack HenryPhysical demands ,work environment, and location:Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the necessary functions. This is a largely sedentary role, requiring the use of typical office equipment such as a computer, laptop and cell phone. Most work is completed in an office environment.Work environment: The noise level in this environment is minimalLocation: Various Meridian Bank locations as assigned. Meridian Bank is an equal opportunity employer.

Created: 2025-02-22