Associate Credit Job Description
Associate credit
provides coaching, direction and guidance to Banking and Business Service Centre staff concerning credit applications when required.
Associate Credit Duties & Responsibilities
To write an effective associate credit job description, begin by listing detailed duties, responsibilities and expectations. We have included associate credit job description templates that you can modify and use.
Sample responsibilities for this position include:
Provide timely updates on client, industry and market performance, particularly in connection with any signs of potential deterioration or developments requiring amendments/waivers to existing loan documentation
Perform regulatory credit capital variance analysis partnering with various teams
Design, implement and maintain credit capital related reports for various products including OTC Derivatives, Repo, Corporate Lending and other products
Perform capital related ad-hoc analyses for new transactions and other strategic initiatives
Develop Basel compliant capital methodologies, keeping abreast of recent regulatory capital rules and business developments
Assists the Senior Credit Officer in administration and management of client relationships including drafting of letters and other documentation, annual client reviews
Supporting bank debt trading and settlement activity
Security setup, trade capture and funding memo review and processing
Maintenance of bank debt positions
Processing of agent notices
Associate Credit Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Associate Credit
List any licenses or certifications required by the position: CFA, CCE, CBF, CBA, CCB, TDS, FRM, NACM, W-9
Education for Associate Credit
Typically a job would require a certain level of education.
Employers hiring for the associate credit job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Finance, Business, Accounting, Economics, Education, Financial Services, Associates, Business/Administration, Graduate, Management
Skills for Associate Credit
Desired skills for associate credit include:
Call centre technology
Credit systems to identify and resolve complex customer accounts issues
Competitive marketplace and trends in product offerings
Loan documentation
Microsoft Excel
Contact centre operational processes and policies
Accounting
Champion Challenge modeling and testing methodologies
Processes and metrics
Credit products
Desired experience for associate credit includes:
Proven organizational, planning, analytical, problem-solving, customer service and communication skills Basic proficiency with Microsoft Office and HBCA internal systems
Proven new business development and sales effectiveness
Minimal travel between office, sales units and clients
Support the development of trading credit transaction solutions proposed by managers (including structuring, amount and term) and provide assistance in the preparation of transaction requests
Maintain relationships with ITS sales and trading professionals and asset management clients to ensure business needs are met on a timely basis and credit risks understood
Ensure all credit limit systems are properly recording approvals and assist in the preparation of timely management information reports
Associate Credit Examples
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Associate Credit Job Description
Job Description Example
Our growing company is looking for an associate credit. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for associate credit
- The mandate calls for an effective and professional officer with strong credit and networking skills, and able to deal with a large and diverse workload
- Excellent written communication skills are crucial
- Perform a detailed financial statement analysis (balance sheet, income statement and statement of cash flows) based on key financial ratios extracted from private or public company financials
- Perform a formal narrative financial analysis (underwriting) of varying length on the financial statements provided by the company
- Review contractual terms of Chase Commerce Solutions legal agreements
- The responsibilities may include conducting information gathering calls with merchants to obtain an overall understanding of the financial profile and to become familiar with shifts in the processing characteristics, business models or company structure
- Recommend final credit decision and approval terms
- Perform collateral reserve reviews upon merchant's request and recommends an ongoing strategy to increase/decrease the collateral reserve requirement
- The responsibilities may include conducting conference calls with existing merchants to communicate collateral implementations when needed (reserves, UCC, letters of credit, guarantees)
- Perform portfolio ad-hoc analysis as needed
Qualifications for associate credit
- 2 years work experience in financial industry preferred
- Contribute to ongoing compliance requirements and special projects
- Open concept with minimal privacy
- A sense of accomplishment knowing you have the opportunity to help customers gain confidence in their decisions by bringing clarity to their financial situation
- Solid understanding of the financial markets and the role of funds
- 2-5 years credit analysis experience required with emphasis on funds including direct lending to private equity structures
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Associate Credit Job Description
Job Description Example
Our company is searching for experienced candidates for the position of associate credit. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for associate credit
- Administer the account opening documentation process and workflow approvals
- Set up ACH profiles and help manage rollover spreadsheet, entering future requests and ensures appropriate approval is obtained for long term maturities
- Obtain necessary documents from credit underwriting or clients and process completed credit and KYC documents within 24 hours of receipt
- Coordinate loan draws and roll-overs with Credit Management
- Respond to requests from clients/FAs
- Monitoring of borrower credit trends, and financial covenant compliance
- Presentation of Credits in Portfolio Management Meetings
- Timely & accurate maintenance of the Bank’s reporting systems, adherence with legal documentation and internal policies
- Managing contact with back and front office functions for issues related to wires, payments, settlements
- Engaging peers in Risk Management and Portfolio Management in credit monitoring and administration
Qualifications for associate credit
- Experience of balance sheet ratio analysis and perfect written English
- Prepares well structured, and articulate credit submissions (ie
- Strong verbal, written, and interpersonal skills, analytic and problem solving skills
- Work closely with multiple Manager(s) Credit Structures to support day-to-day activities that impact client service (eg
- Prepare and submit comprehensive and accurate identification of credits to be renewed (and credit proposals) supported by due diligence
- Adherence to credit rules, guidelines, and policies
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Associate Credit Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of associate credit. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for associate credit
- Assist with monthly, quarterly, annual Credit reporting
- Understand the full end to end order to cash life cycle in order to sufficiently perform customer collection activities and resolve customer complaints/inquiries
- Support the in-market BFS team to prepare annual/periodic credit review on all customers
- Monitor blocked orders due to credit and propose / approve (based on GOA) releases regularly
- Release blocked orders held for collection reasons based on customer situation and feedback
- Analyse AR balances for assigned customers and determine/prioritize collection activities as appropriate
- Identify appropriate customers and block orders in support of resolving past due collection issues
- Contact customers to prevent and resolve past due AR
- Match and apply payments to customer invoices
- Post payments to AR ledger and reconcile to daily cash receipts
Qualifications for associate credit
- Databases and programming experience – SQL, Microsoft Access, VBA required
- Team player with ability to build relationships across functional areas
- Strong problem-solving abilities, analytical skills and attention to detail
- Knowledge on financial markets and risk management preferred
- Responsible for the development, implementation and oversight of the Credit & Concentration Risk Policy
- High School Diploma, 1+ years clerical support experience or equivalent
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Associate Credit Job Description
Job Description Example
Our company is growing rapidly and is hiring for an associate credit. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for associate credit
- Monitor the credit quality of a portfolio of assigned client names in the E&P (including RBL), Midstream, Refining, and / or Oil Field Services space
- Strong interaction with Risk Corporate, Coverage (Relationship Management) and Product Teams (FX, Derivatives, DCM, Syndications, Project Finance)
- Conduct fundamental credit analysis using company financial statements
- Source and synthesize a wide variety of data pertaining to any credit or industry as required by supervisor or senior analyst
- Write reports that are clear and concise that demonstrate the strengths and risks of a credit, provide a well-supported recommendation for action
- Opportunities in the credit world for the Bank and for our customers
- In time you will focus more in certain products and take increasing responsibility for your area of expertise
- To begin with you will work as part of a team supporting other traders and you will benefit from a flat organisational structure with
- Coaches and supervises the work of junior analysts or interns on the team
- Acts as local expert for specific credit analytical tools
Qualifications for associate credit
- Experience in evaluating credits and making investment decisions
- Lateral thinker who can show initiative and creativity, with an ability to familiarize with new fields quickly and adapt to an ever changing environment
- Strong ability to work under pressure and time constraints
- Effective and persuasive communicator with excellent communication skills
- Excellent internal and external customer service skills required
- Proficient in Microsoft Office applications, minimum intermediate level Excel skills
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Associate Credit Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of associate credit. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for associate credit
- Working on various projects with management involving credit and risk
- Analyzing collection reports
- Providing support to management as needed
- Performing quantitative and qualitative analysis used to support the underwriting of potential investment opportunities
- Preparing internal written memoranda and other materials used to support investment recommendations and to communicate with internal constituents
- Participating in idea generation, research and analysis activities that create actionable investments
- Closely monitoring the performance of existing investments in each of the portfolios, including financial analysis of the underlying portfolio companies and/or assets
- Evaluating market conditions and trends in assigned industries
- Assisting with restructurings or workouts
- Serve as a backup and escalation point for outsourced activities
Qualifications for associate credit
- Quantitative educational background required
- Strong technical skills including high proficiency with PowerPoint, Excel, and VBA
- Series 7 and 63 licenses will need to be obtained within a reasonable amount of time
- 3+ years’ experience in collections or finance services activities
- Fluent in English and in Portuguese or French
- Bachelor’s or master’s degree in business from an accredited college/university