Axos Bank
Target Range:
$55,000.00/Yr. - $70,000.00/Yr. Actual starting pay will vary based on factors including, but not limited to, geographic location, experience, skills, specialty, and education.
Eligible for an Annual Discretionary Cash Bonus Target: 10%
Eligible for an Annual Discretionary Restricted Stock Units Bonus Target: 10%
These discretionary target bonuses may be awarded semi-annually based upon your achievement of performance goals and targets.
About This Job
The Credit Associate will be responsible for analyzing credit worthiness of new and established customers in accordance with departmental and corporate thresholds, policies, and procedures. The analyst will be responsible for reviewing financial statements, assessing third party credit reports, and finding and reviewing all public information on the customer and related parties/principals. After analyzing reports, financial statements and public information, the analyst will be making recommendations to approve, or decline submitted credit applications.
Responsibilities:
Financial Analysis: Review and analyze financial statements, credit reports, and other relevant financial documents to assess the creditworthiness of applicants
Risk Assessment: Evaluate the level of risk associated with extending credit to applicants based on financial data, market conditions, and industry trends
Credit Scoring: Utilize credit scoring models and tools to assign appropriate credit scores and ratings to applicants, aiding in the decision-making process
Data Gathering: Collect and verify information from various sources, including credit bureaus, financial statements, tax returns, and customer interviews
Documentation: Prepare comprehensive credit reports summarizing the applicant's financial situation, risk level, and recommendations for credit approval or denial
Recommendations: Present findings and credit recommendations to senior management, underwriters, or loan committees, providing a clear rationale for each decision
Regulatory Compliance: Ensure adherence to relevant laws, regulations, and lending standards while evaluating credit applications
Communication: Maintain effective communication with applicants, lenders, and other stakeholders to gather necessary information and explain credit decisions.
Credit Policy Development: Contribute to the development and refinement of credit policies and procedures to improve the overall credit risk assessment process
Portfolio Monitoring: Continuously monitor the credit performance of existing loans and credit lines, identifying potential risks and suggesting remedial actions
Market Research: Stay informed about industry trends, economic conditions, and changes in credit markets that may impact lending decisions
Qualifications:
Bachelor's degree in finance, accounting, economics, or a related field or 5+ years’ work experience
Strong analytical skills and proficiency in financial statement analysis
Knowledge of risk assessment techniques
Familiarity with regulatory guidelines and compliance requirements related to lending and credit
Excellent written and verbal communication skills
Attention to detail and the ability to work independently and as part of a team.
Proficiency in financial software and data analysis tools
Problem-solving skills and the ability to make sound decisions based on available information
Prior experience in credit analysis or a related role is advantageous
Axos Employee Benefits May Include:
Medical, Dental, Vision, and Life Insurance
Paid Sick Leave, 3 weeks’ Vacation, and Holidays (about 11 a year)
HSA or FSA account and other voluntary benefits
401(k) Retirement Saving Plan with Employer Match Program and 529 Savings Plan
Employee Mortgage Loan Program and free access to an Axos Bank Account with Self-Directed Trading
About Axos
Born digital-first, Axos delivers financial tools and services that allow individuals, small businesses, and companies to access and manage their money how, when, and where…