Commercial Analyst

Title: Commercial Analyst

Location: Livermore, CA

Hiring salary range: $32.87 - $44.06 per hour

Fremont Bank founded in 1964, is one of the oldest independently owned banks in the Bay Area and is one of the top rated mid-tier banks in the nation. Voted a Top Workplace for 2023 and for the past thirteen consecutive years, Fremont Bank has an immediate opening for a Commercial Analyst in Livermore, CA.

Position Overview

The Commercial Analyst responsibilities include assisting the Commercial Lending team to deliver new loan requests to Credit Administration, support in expediting loan closings, support portfolio monitoring and management, and support commercial loan servicing. Responsibilities also include analysis, collection, and control of financial information and legal/entity documentation to complete loan packages for the origination, renewal, monitoring, or servicing of commercial loans. Assist Commercial Relationship Managers / Underwriters / Credit Managers in conducting financial analyses, monitoring key performance indicators, and completing loan credit memos and reports. A positive, motivated team-player who works both individually and as part of a high performing team to assist in achieving the Commercial Lending Department’s objectives to achieve the goals of on-time loan delivery, loan monitoring, and servicing internal and external customers with a high level of accuracy and “Six Diamond” service.

The Commercial Analyst may handle communication between Commercial Relationship Managers and clients, internal business partners, and third parties. This is a universal position designed and intended to have the opportunity to rotate between and gain exposure to all aspects and teams within Commercial Lending. This position will learn and master job roles and responsibilities with instruction, education, and oversight from supervisor and/or other experienced associates.

Roles And Responsibilities

Credit Analysis

• Analyze financial statements to determine borrower’s cash flow and ability to repay debt, and comply with financial covenants for commercial and/or SBA financing requests
• Analyze financial, operational, management, and market risks to determine strengths and weaknesses of credit requests
• Identify credit issues or challenges early on in the underwriting process and recommend ways to further mitigate risks
• Understand bank credit policy, current bank underwriting guidelines, and current credit appetite
• Prepare loan analysis for initial approval and expression of interest letter (EOI) focused on key risk factors, repayment sources, cash flow, LTV, and ability to service debt
  
  

Loan Processing Support

• Support Commercial Relationship Managers and engage borrowers to obtain required data to underwrite and document a loan request
• Understand the purpose and reasoning for each document requested and ensure entity documents are received for loan documentation
• Review preliminary title report for exception items and make recommendation to underwriting to ensure proper lien prioritization for bank
• Review personal and business tax returns and entity documents to support underwriting
• Review bank credit policy, leases, and preliminary title report, to determine if SNDA is required. If required, place internal requests and follow up
• Deliver complete loan package to underwriting and loan documentation teams
  
  

Loan Portfolio Monitoring

• Complete Accounts Receivable/Accounts Payable analysis for asset based C&I loans
• Contact clients with questions and issues requiring clarification
• Provide analysis results to Commercial Loan Servicing; coordinate with Commercial Relationship Manager to resolve over-advance issues with Borrowers
• Analyze all financial information as received. Analyses may include Baker Hill spreads, Buker’s Tax Analysis, personal financial statement verifications and adjustments, business and global DSCR, business operating and covenants ratios, rent rolls, operating statements and commercial leases
• Identify any red flags or covenant defaults and elevate to management as needed for action
• Complete Annual Loan Review for CRE & MF loans within the bank’s approved monitoring scope
• Complete Fannie Mae MF Annual Loan Reviews by deadline per Fannie Mae guidelines and input analyses to FNMA web portal
• Ensure accurate grade recommendations by completing risk grade analysis and notification of grade change memorandum
• Assist in Credit Review and/or Audit requests
  
  

Loan Servicing

• Reconcile loan transactions to general ledger and ensure non-posted items are cleared daily
• Maintain familiarity with all procedures at all times and make suggestions to keep procedures up to date and current
• Research insurance issues
• Track property taxes, flood insurance, hazard insurance, holdback accounts and escrow accounts when applicable on all loans
• Assist with inputting new, renewed, or modified loans into loan origination and banking systems
• Respond to customer inquiries by researching, analyzing and resolving issues in a timely manner
• Maintain, update, and safeguard customer information in accordance with bank policy and procedures
• Engage clients (borrower) and support Commercial Relationship Managers
  
  

Capital Markets

• Compile all necessary loan documentation and financials for marketing and/or buying/selling loans, including but not limited to corresponding with client banks, internal staff, and bank clients, executing contracts and maintaining loan sale/purchase files, and following up and tracking annual financials, property taxes, and insurance
• Gauge market conditions; compile and maintain competitor rates
• Publish CRE & MF rate sheets daily
• Create new loans in loan origination system and follow the loan to close, including but not limited to, uploading client documents and working with operations on follow up items
• Complete initial size up analysis and pricing worksheet or exceptions and issue a letter of interest
• Create and maintain department procedures along with loan program matrix
• Create and maintain reports and various tracking worksheets for purchases and sales
• Coordinate meetings and site visits, including agendas, presentations, and meeting minutes
  
  

Minimum Qualifications

• High School Diploma or GED equivalent
• Some banking knowledge preferred, but not required
• Basic knowledge and identification of financial statements, tax returns, and entity documents
• Experience with commercial lending and banking policies and procedures
• Ability to handle competing priorities effectively in a fast-paced environment and to follow- up
• Ability to deliver quality work product within established time frames and to communicate to stakeholders
• Excellent verbal and written communication skills with strong attention to details
• Excellent interpersonal skills and positive attitude and ability to deliver excellent service to internal business partners and clients
• Some experience working with a Windows-based computer environment, and knowledge of MS Office, especially Excel required
• Experience working with Microsoft Enact, nCino, Premier Director, and/or ITI Navigator preferred