At Vectra Bank, we’re committed to making this a great place to work and excel. We seek dedicated employees whose talent, drive, and innovative ideas add value to our customers, our colleagues and to our communities. At Vectra Bank, the possibilities are endless – come for a job, stay for a career.
Vectra Bank Colorado is growing and is looking to expand their Corporate Real Estate team. We are excited to offer an opportunity as a Credit Analyst to an experienced candidate.
We are genuine and humble enough to admit that Credit is a big part of how we do business. These positions are at the core of our decision making process as to who we do business with and support those individuals who connect businesses to banks and help grow our economy. Our Credit Analysts Go Somewhere Here!
We have a strong belief in our credit culture and ensuring that our Analysts are able to support our strategies and vision. We provide extensive training and believe in fostering development and career progression from this position.
What are we looking for?
Vectra Bank Colorado is seeking a proven, highly motivated, analytical and articulate individual to support the credit and underwriting process for our Corporate Real Estate Relationship Managers at our Colorado Center and Corporate office in Denver, Colorado.
This position is responsible for:
Completing Credit Presentations on larger CRE secured and unsecured loans $5MM – $100MM in size
Portfolio management of loan portfolios ranging in size from $100MM to $500MM
Researching market conditions throughout the Western US including: size of market, annual absorption, annual deliveries, vacancy rates, trend analysis
Conducting credit investigations, credit and loan analysis, underwriting and other documentation information pertaining to CRE loans
Investigating all available sources of credit and financial information, including reporting services, credit bureaus, other companies, main office files, and branches
Analyzing financial statements, CRE schedules and related material and making recommendations for approval of credits
Analyzing financial conditions and trends; reviews and reports non-compliance with loan covenants
Determines cash flow using appropriate tax analysis
Preparing summaries, presenting facts, and offering opinions concerning credit-worthiness and any risk items or issues and corresponding mitigants
Providing credit information and references for customers, loan officers, or other agencies as requested
Ensuring that all credit files include current financial statements, agency reports, etc
Making recommendations for loan structure
Maintaining control over current accounts, noting payment progress, watching for any developing problems, and keep loan officers informed
Keeping abreast of all new credit regulations and laws and ensuring compliance with such
May assists with other projects as needed
Other duties as assigned
Who should apply?
We want someone who has:
Requires a Bachelor’s degree in finance, business, accounting, real estate finance. MBA degree a plus
At least 2+ year credit/financial analysis, lending, underwriting or other directly related experience in addition to a Bachelors or MBA degree
4+ years’ of direct experience preferred
Experience in reviewing & negotiating commercial real estate loan documents, dealing with attorneys and ensuring loan documents are in compliance with approved loan structure
Experience in underwriting LIHTC loans (4% & 9%) a plus
Strong written communication skills and the ability to organize thoughts and present in an orderly, logical and concise manner
Experienced in presenting credit presentations to Sr Management, Credit & Loan Committee
Strong history of working with various types of CRE loans (Multifamily, Industrial, Office, Retail, Hospitality, Home Builder, LIHTC, Sr Housing) $5MM & larger in size
Experienced in financial and spread analysis, credit, lending and underwriting processes and principles
Working knowledge of credit risk, legal and regulatory requirements
Ability juggle multiple loan requests at one time
Strong organizational and time management skills
An ability to work under pressure to meet client demands
An ability to work with all levels of our credit risk and relationship manager teams
Has a strong sense of urgency and commitment to the loan growth goals
Good client relationship and communication skills, both verbal and written
Ability to make sound decisions and recommendations regarding loans
Working knowledge of computer software programs including spreadsheets, word processing, Excel, Power Point, etc. required
An appetite for detail and confidence, and can articulate data in a meaningful and understood language
You have to want to be a part of a motivated and driven team and work under respected leaders. We need someone who is proactive, who has a great attitude, who is confident and wants to work with professional people and will inspire them to achieve the department initiatives, including driving loan growth.
Pay range (depending on experience): $51,973 – $78,600
Plus Discretionary Bonus