Career Opportunities

 The Credit Analyst is responsible for spreading, managing and maintaining financial background information on present and prospective clients, and assists with underwriting analysis for the Relationship Managers. The position includes managing spread assignments, making financial analyses, and maintaining related records and files.

Essential Functions and Basic Duties:

• Monitor financial performance and covenant compliance for CRE portfolio.
• Analyze financial statements and credit profiles of CRE investors/properties.
• Support deal team in business/industry/financial due diligence and develop detailed financial modes.
• Prepare credit memoranda for Avidbank's credit committee.
• Support Senior Bankers in deal screening and transaction diligence.

Qualifications and Desired Skills:

• Undergraduate degree demonstrating strong academic performance.
• Strong attention to detail and intellectual curiosity.
• Strong understanding of Microsoft Office including Excel, Word, PowerPoint, etc.
• Ability to take ownership of simultaneous assignments and produce results in time-sensitive circumstances.
• Ability to work collaboratively with members of the deal team and with third-party constituencies.
• Ability to analyze data to support and improve business decisions.
• Responsive/Strong customer service.

Experience Required:

• Degree with emphasis on finance, accounting, economics, mathematics or technical field.
• Interest or experience in commercial real estate finance, development or investing.

Negotiates, underwrites and coordinates the closing of Specialty Finance credit products in compliance with the Bank's lending policies and procedures. Promotes business for the Bank by maintaining good client relations.

Essential Functions and Basic Duties:

• Assists Business Development Officers and Relationship Managers in interviewing prospective applicants and requests specified information related to loan or credit applications; corresponds or re-interviews applicants to resolve questions regarding application information.
• Analyzes market conditions to ensure proper underwriting standards and portfolio management is being maintained.
• Performs pre-qualification assessment and analysis of financial condition and risk of financing requests within the framework of Bank credit culture and current economic and industry trends.
• Gathers and analyzes all information necessary to present a financing request to senior management or Loan Committee for approval; meets with existing or potential clients; visits sites of loans; and negotiates loan terms and conditions.
• Coordinates processing of approved loans; ensures loans are processed according to agreement and client needs, and conform to Bank lending policies; obtains sufficient information and/or documentation from clients; solves problems relative to processing and servicing of loans within his or her portfolio; and approves loan disbursements in accordance with agreements.
• Ensures that credit inquiries and UCC filings are researched to determine credit worthiness and appropriate collateral positioning are achieved.
• Ensures that certification or deletion of collateral is made by the appropriate personnel.
• Negotiates along with the Business Development Officer or Relationship Manager, underwrites and processes renewals of credit facilities.
• Approves loan payments, draws from lines of credit and fund transfers within specified limits.
• Authorizes commitment, engagement, adverse action and decline letters.
• Reviews NSF and overdraft reports for clients assigned within his or her portfolio; approves or declines such exceptions within established lending limits.
• Performs other duties as necessary.

Qualifications and Desired Skills:

Understands government regulations with particular emphasis on the Bank Secrecy Act and related regulations, and the fact that compliance with BSA is an enterprise.

Experience Required:

• At least three years Sponsor / Search Finance experience a plus.
• Three years of experience in a financial institution/banking environment.

Credit Analyst Interns assist the lending function by gathering and analyzing credit information on current and potential borrowers, and determine credit risk for diversified types of loans

Essential Functions and Basic Duties:

• Assists loan officers in writing loan requests and proposals.
• Promotes quality client relations and refers clients tok appropriate staff for new services.
• Assists loan officers in performing pre-qualification assessment and analysis of financial condition and risk of financing requests within framework of Bank credit culture and current economic and industry trends.
  • Gathers data from clients and other sources.
  • Prepares spreadsheets and analyzes financial information including financial statements and tax returns.
  • Contacts clients for additional information and clarification of data.
  • Verifies pledged assets.
• As instructed, compiles data from credit bureaus, conducts industry peer comparisons, and performs cash flow analysis and other related tasks.
• Based on analysis, makes recommendation on loan structures and terms to loan officers and assists in the writing of financial analysis and reports.
• Assists with loan processing and coordination.
• Monitors loans and determines when updates to documentation, e.g., financial statements, are required. Informs loan officers and monitors accounts. Ensures that credit inquiries and UCC filings are researched to determine credit worthiness and appropriate collateral positioning are achieved.
• Assists loan officers in verification of funds with mortgage companies and contractors.
• Participates in the on-going computerization of the loan review function.
• Assists in providing deposit and loan account ratings for loan officers.
• Updates and corresponds with legal counsel and collectors on workouts, bankruptcies, and charge-offs to ensure all possible precautionary actions or measures are taken.
• Understands governmental regulations with particular emphasis on the Bank Secrecy Act and related regulations and the fact that compliance with BSA regulations is an enterprise responsibility.
• May represent the Bank in various community, civic and community reinvestment functions to promote the Bank's image and develop additional business.
• Performs other duties as required.

Qualifications and Desired Skills:

• Undergraduate degree (or anticipated in a year) in business, finance/accounting, or related field.
• Familiarity with financial statements and ability to analyze business and financial data.
• Proficient in the use of personal computers and software programs, such as Excel and Word.
• Familiarity with financial analysis and development of spreadsheets.
• Good communication skills, both verbal and written.

Experience Required:

None.

The fast growing and dynamic Avidbank Venture Lending team is focused on providing lending and banking services for early and growth stage, venture capital backed, innovation companies nationwide. The Credit Analyst or Senior Credit Analyst is responsible for spreading, managing and maintaining financial background information on present and prospective customers, and assists with underwriting analysis for the Relationship Managers. Position includes managing spread assignments, making financial analyses, and maintaining related records and files.

Essential Functions and Basic Duties:

• Analyzes credit and collateral information to determine risk involved in lending money to clients.
• Collects, organizes, analyzes company financials to ensure Bank compliance, and updates the Bank’s systems accordingly.
• Works directly with clients to resolve compliance issues and operational inquiries.
• Reviews client financials and performs sensitivity analysis to evaluate credit risk in connection with Bank structures.
• Prepares in-depth reports providing plans of action based on qualitative and quantitative research.
• Collaborates cross-functionally with Bank groups to execute treasury management products, foreign exchange instruments, derivatives as well as legal documents.
• Produces loan packages for new and restructured loans.
• Facilitates reporting and requests on behalf of the Bank with third parties, e.g., field auditors, appraisers, etc.
• Monitors loan disbursements to ensure compliance with Bank regulations.
• May conduct lien searches and other research.
• Performs other duties as assigned.

Qualifications and Desired Skills:

• Undergraduate degree in business, finance/accounting, or related field. 
• Familiarity with financial statements and ability to analyze business and financial data.
• Proficient in the use of personal computers and software programs, such as Excel and Word.
• Familiar with financial analysis and development of spreadsheets.
• Good communication skills, both verbal and written.

Experience Required:

1 year of related experience for Credit Analyst or 2 or more years related experience for Senior Credit Analyst.