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Senior Credit Compliance Analyst

Veritex Team
Full-time
On-site
Dallas, Texas, United States








Job Summary:


An experienced credit compliance analyst responsible for monitoring established loan covenants, borrowing base requirements and compliance with executed loan agreements for existing borrowers. This position includes monitoring more complex commercial loans with limited or no supervision. Senior Credit Compliance Analyst II will work closely with other Credit Risk personnel and lending staff to identify potential red flags and to help mitigate risk to the Bank. Additional responsibilities include comparing loan agreements with approved loan terms to ensure approved terms have been adhered to and the electronic credit file for commercial loans is maintained. 


Responsibilities and Duties:



  • Independently analyze and interpret borrowing base documents for revolving lines of credit. Must be able to analyze accounts receivables, accounts payables, and inventory reports to properly assess collateral position using a borrowing base reconciliation worksheet. 

  • Independently analyze and interpret financial information and compliance certificates provided by existing borrowers and recalculate and verify that the covenant compliance ratios are correct using covenant calculation worksheets.

  • Independently prepare financial statement spreads for existing customers to be used in the underwriting process as well as credit compliance monitoring.

  • Independently conduct a daily review of new and renewed commercial loans to create or update financial reporting requirements and create the electronic credit file.

  • Independently monitor financial reporting requirements with detailed and accurate data entry into Sageworks or other appropriate software packages.

  • Interact closely with Credit Officers, Loan Officers, Lending Managers and their assistants regarding compliance requirements and financial exception reports.

  • Track all covenant and borrowing base defaults and resolutions.

  • Independently process automated renewals for commercial loans and ACH reviews for Treasury clients using the standards identified in bank loan policy.

  • Evaluate the quality of work performed by Credit Analysts I and II for more complex portfolios.

  • Responsible for assisting with training, development, and mentoring of new credit analysts.

  • Capability to underwrite new originations as required.

  • Participate in and lead special projects and handle extra responsibilities as assigned.


Job Skills and Qualifications:



  • 7+  years of credit analysis experience required, or equivalent combination of education and experience.

  • Bachelor’s degree in Business Administration (BBA), Finance, Accounting, or a related field.

  • Excellent interpersonal, customer service and communication skills to effectively interact and work with all levels of employees.

  • Enhanced knowledge of basic accounting principles and concepts, credit principles and general credit policies.

  • Possess excellent organizational skills and the ability to manage time effectively, including adapting to working under tight schedules.

  • Exposure to financial reporting rules and banking regulations desired.

  • Full understanding of financial covenant ratio components and calculations.

  • Must be able to multi-task.

  • Must be detail and focus oriented.

  • Must take ownership and responsibility for work product.

  • Advanced computer skills using Microsoft Office products with an ability to effectively use and understand basic formulas and formatting in Excel.






Company Overview:     


Truth in Texas Banking. That’s what we’re about. Founded in 2010, we are one of the ten largest banks headquartered in the state of Texas. We became a publicly traded company in 2014 and in 2020 and 2021 we were listed on Fortune’s 100 Fastest Growing Companies. Headquartered in Dallas, Texas, we’ve built a bank forever rooted in truth, transparency, and uncompromising integrity.


 


We know our strongest asset is the passion, authenticity, and talent of our people. We focus on the growth and development of each team member to unlock potential to “Be Your True Self.” Our “True You” culture is made up of five pillars:


 



  1. Be Mindful

  2. Be Healthy

  3. Be Better

  4. Be Prosperous

  5. Be Faithful


 


With this as our foundation, we’ve built a bank of people who are transparent, tell the truth, and act with integrity. We unite together in common purpose - caring deeply for our clients and communities, communicating openly with each other, and treating everyone with respect. Visit our website at www.VeritexBank.com and come see how we’re bringing truth and transparency to Texas banking.





Veritex Community Bank does not accept unsolicited resumes from recruiters or employment agencies. Veritex Community Bank is under no obligation to pay any referral compensation or recruiter fee in the absence of a current executed Recruitment Services Agreement. In the event a recruiter or agency submits an unsolicited resume or candidate without an agreement, Veritex reserves the right to pursue and hire those candidate(s) without any financial obligation to the recruiter or agency. Any unsolicited resumes, including those submitted to hiring managers, shall be deemed the property of Veritex Community Bank. 


 


If your agency would like to be considered as a potential future recruiting partner, please leave your contact information at Recruiting@VeritexBank.com.


 


Work environment and Physical demands: The employee may occasionally lift and/or move up to 25 pounds.  The employee may occasionally stand, walk, reach, climb, balance, stoop, kneel, crouch, or crawl.  The work environment and physical demands are those of a standard office setting. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.


 


Disclaimer: This job description is not an inclusive list of all duties and responsibilities of the position.  Incumbents will be required to follow any other job- related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. Veritex Bank reserves the right to amend and change responsibilities to meet business and organizational needs.


 


This document does not create an employment contract, implied or otherwise, other than an "at will" relationship. Veritex Community Bank is an equal opportunity employer. Veritex Community Bank Corporate Human Resources, Dallas, Texas.
 


We are committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of race, color, religion, creed, national origin or ancestry, sex, age, physical or mental disability, veteran or military status, genetic information, sexual orientation, marital status, or any other legally recognized protected basis under federal, state or local laws, regulations or ordinances. The information collected by this application is solely to determine suitability for employment, verify identity and maintain employment statistics on applicants.

Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on the Company. Please inform the Company’s personnel representative if you need assistance completing any forms or to otherwise participate in the application process.


 


 





Other details




  • Pay Type
    Salary