Credit Analyst

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 Lender.

Position summary: Responsible analyzing financial and market data required for underwriting commercial real estate loans, completing credit memos, communicating with appropriate coworkers; providing periodic reports; 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, Business, Finance or related field
• 1 year experience in lending or finance functional area preferred
• Ability to work in a team environment 
• Sound financial, analytical, and mathematical skills
• Strong computer skills (MS Office, etc.)
• High degree of attention to detail and ability to multitask
• Debt service analysis experience preferred
• Loan memorandum preparation preferred
• Moody’s (or equivalent) Financial Statement Spreading experience preferred

Essential functions and responsibilities:

• Valid Driver’s License
• Performs credit analysis of prospects and customers assessing company’s / project’s history, industry trends, cash flow, leverage and collateral values
• Prepares and maintains financial statement worksheets and complete spreads in accordance with generally accepted accounting practices
• Completes full loan approval memo based on current Bank policy. Accurately states loan structure, conditions and reporting requirements based upon officer input. Researches legal entity for formation documents, existing debt and liens, industry analysis and economic outlook. Completes summary background and ownership/management structure
• Reviews and analyzes project costs and projected cash flow, on either a sales or a rental scenario
• Inputs and calculates global cash flow and debt service ability on spreadsheets. Prepares schedules for complete personal and/or business income and debt service from financials and credit reports. Analyzes and interprets ratios, summarize for Loan Memo attachments
• Accompany lenders on prospect and customer calls, when appropriate, to obtain answers to credit related questions, as a result of his/her analysis
• Monitors loan portfolio and assist in reporting of various loan quality measurement including:, monitoring interest reserves, preparing reports, and ongoing review of expiring loan extensions
• Completes specialized duties unique to assigned commercial business, such as assisting in portfolio monitoring and review of existing facilities
• Continuous development of account 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 available
• Performs site inspections on active construction sites and routine inspections
• Ensures 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 situations
• Maintains Meridian internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators
• Demonstrates and promotes Meridian Bank’s Core Values: Our Partners, Our People, Our Bank and Our Communities 
• Coordinates 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 information
• Abides 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 place 
• Communicates with management and coworkers in order to integrate goals and activities
• Cooperates 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 assigned

Success factors/job competencies:

• Organizational and time management skills
• Ability to work with little or no supervision
• Excellent interpersonal and communication skills
• Demonstrate independence in research, judgment and organization skills
• Accuracy and consistency of all inputs, calculations and attachments
• Timely and regular attendance
• Writing in a professional business manner, using concise relevant information
• Completes work in a timely manner
• Actively seeks coaching

Application Access:

Physical 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 minimal
• Location: Various Meridian Bank locations as assigned but not limited to the following job-related travel requirements:  Customer/Client locations, work events, charity events, loan closings and site visits, etc.

Meridian Bank is An Equal Opportunity Employer.