Credit Analyst

Job Description

About PlainsCapital Bank:

PlainsCapital Bank was established in 1988 by a group of young bankers with a vision of bringing relationship-based banking to their hometown of Lubbock, Texas. They started by acquiring Plains National Bank, a local financial institution with a single branch and $198.8 million in assets. Since then, they have consistently grown their business by focusing on building strong relationships with their clients.

Today, PlainsCapital Bank maintains a strong commitment to relationship-based banking and financial stability. It stands as the sixth largest bank headquartered in Texas based on deposits and has a strong statewide presence with over 59 locations across key markets such as Austin, Coastal Bend, Dallas, Fort Worth, Houston, Lubbock, Rio Grande Valley, and San Antonio.

The bank’s team of knowledgeable bankers is known for their straightforward approach and dedication to providing exceptional customer care. They bring a wealth of financial and industry expertise, combined with extensive local market knowledge, to every client relationship.

PlainsCapital Bank offers a full suite of commercial and consumer banking products and services. Their commercial offerings cater to diverse business models, while their consumer services are designed to provide convenience, personalized attention, and helpful account features for simplified financial management.

The bank remains committed to delivering strong and stable services, offering highly personalized support and a dedicated point of contact to help customers achieve their financial goals.

Job Description: Credit Analyst

Benefit Highlights: 11 Paid Holidays, 15+ days of PTO, 401k Matching, Health Benefits, and more!

Responsibilities:

The Credit Analyst is a vital member of the Commercial Lending team, providing comprehensive support to Commercial Lending Officers. The primary focus is on underwriting financial transactions involving:

• Working Capital
• Equipment Financing
• Real Estate Transactions
• Small Company Acquisitions

In addition to underwriting, the Credit Analyst ensures the following:

• Proper credit and collateral documentation is obtained
• Deviations from loan policy are identified
• Participation in loan closings
• Ongoing monitoring of credit performance

Specific Tasks:

• Financial Statement Analysis: Analyze financial statements (including performance ratios) of varying quality to develop an initial assessment of the borrower. This includes identifying strengths and weaknesses related to historical operating performance.
• Written Analysis Preparation: Prepare comprehensive written analyses that cover:
• Credit investigation of the borrower and guarantors
• Economic and market conditions impacting the company, industry, and market area
• In-depth historical and projected financial/cash flow analysis, including communication with the borrower’s accountant to understand accounting practices
• In-depth analysis of secondary sources of repayment, such as collateral
• In-depth analysis of a guarantor’s financial position
• Identifying Borrower Strengths and Weaknesses: Conduct thorough analysis to identify and document the borrower’s key strengths and weaknesses.
• Industry Data Collection: Gather and maintain industry data. Research industry-specific information from external sources, including conversations with the borrower, industry publications, references from other banks and credit agencies, and internet research.
• Loan Committee Participation: Attend weekly Loan Committee meetings, answer questions regarding credit analysis, and present loan requests to the committee as needed.
• Customer Meetings: Participate in customer meetings as requested by officers. This may occasionally require travel.
• Real Estate Appraisal Review: Conduct reviews of real estate appraisals for lenders in all regions.
• Loan Agreement Management: Process and establish accountability related to Commercial Loan Agreement requirements and covenants.
• Construction Project Monitoring: Monitor periodic inspections on real estate construction projects, comparing loan advances to project completion progress.
• Other Duties: Perform additional duties as assigned.

Qualifications:

• Bachelor’s degree in a Business-related field is required. A strong preference is given to candidates with a major or concentration in Finance or Accounting.
• Professional experience in financial, credit, or statistical analysis, as well as statement spreading and assessing companies, is preferred. This experience can be gained through internships, part-time or full-time work, and/or extracurricular activities.
• Excellent verbal, written, and interpersonal communication skills are essential.
• Proficiency in PC skills is a must, including:
• Word processing
• Spreadsheets using Microsoft Office products
• Custom applications and systems
• Demonstrated strong analytical, time management, organizational, and problem-solving skills with the ability to multi-task and work in a deadline-driven environment.
• Self-motivation, strong initiative, accountability, and attention to detail are critical.

Note: This job description provides a general overview of the Credit Analyst position. Specific responsibilities and duties may vary based on individual assignments and the discretion of the Company.