First Republic Bank

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Business Banking Credit Analyst

Business Banking Credit Analyst

ID 
2017-4961
Job Locations 
US-CA-San Francisco
Category 
Banking

More information about this job

Overview

First Republic is an ultra-high-touch bank that provides extraordinary client service. We believe that one-on-one interactions build lasting relationships. We move quickly to serve our clients’ needs so that their financial transactions are handled with ease and efficiency. Client trust and security are paramount in our line of business. Ultimately, our goal is unsurpassed client satisfaction which will lead to personal referrals – our number one source of new business.

 

We recognize that our competitive advantage starts with our people and our culture. At First Republic, we work hard and move quickly as a very coordinated team. If you are looking for an opportunity to grow and contribute in a fun, fast-paced environment, First Republic is the place for you. We have exceptional people focused on providing extraordinary service.

 

The Credit Analyst will work in a dynamic environment with Business Bankers and the Business Banking Department in evaluating, underwriting, monitoring and maintaining the overall credit quality of new and existing loan facilities. This position will support two specific and unique industry niches that contain no geographic boundaries and provides the opportunities to work with internal clients located throughout the Bank and external clients who derive their income from various industries (real estate, private equity, hedge funds, entertainment, and the wine industry.)  Specialization in any of these industries is preferred, but not required.

Responsibilities

 

  • Underwriting and Analysis: Underwrite and author credit narratives in support of new loans for the Aviation and Marine Lending Team. This responsibility requires the following skills:
    • Spreading personal financial statements and tax returns for individual guarantors, developing guarantor global cash flow analysis and evaluating a guarantor’s ability to service debt
    • Performing collateral analysis
    • Understanding cash flow from operations, which includes identifying recurring and non-recurring sources of cash flow
    • Spreading business financial statements and tax returns using Moody’s software, for non aviation and marine clients where applicable
    • Analyzing multi-year trends and developing ratios from financial information for non aviation and marine clients where applicable
    • Researching industry trends and risks for non aviation and marine clients where applicable
    • Reviewing the collateral values for aircraft with the aircraft appraiser and by reviewing AMSTAT, Vref, and Aircraft Blue Book and by working with the marine surveyers
    • Running credit reports on individual guarantors
    • Obtaining the Lexis Nexis and Bridger insight reports; entering data in the KYC/Flight Path system; and working with the EDD team to resolve issues related to uniquely structure transactions
    • Assisting the Managing Director and Senior Business Banker in presenting to Executive Loan Committee for loan approvals
    • Ensure that all items have been uploaded to Onbase

 

  • Loan Closing: Work closely with Business Bankers, Commercial Loan Operations, Outside Counsel and the clients and their counsel to document and close loans thoroughly and swiftly.  This process includes:
    • Reviewing formation documents to determine the corporate organizational structure and who is authorized to sign on behalf of the client
    • Obtaining FAA and International Registry searches with the help of outside counsel on aviation transactions
    • Obtaining registry searches through the US Coast Guard and foreign registries with the help of outside counsel
    • Obtain UCC searches
    • With the help of outside counsel, ensure the lien releases will be held in escrow
    • Work with FAA Title and Escrow to ensure that new aircraft purchases are coordinated with all parties involved – buyer, seller, brokers, their counsel, and the aircraft management team - due to the tight time frames
    • Request loan documents from outside counsel and  review with the help of the Loan Administrator for consistency  with all credit approvals
    • Prepare SuperTrump amortization schedule and forward to counsel and the client
    • Resolve all prefunding requirements to close as detailed in the narrative addendum (such as obtaining insurance, consistency letters; lien releases to be held in escrow; confirming wire information; and funding of new DDA accounts, etc.)
    • Ensure that signature pages are obtained by client and FRB and forwarded to the appropriate counsel
    • Follow on post closing items (such as assignment of aircraft management contracts; opinions of counsel; leases; mortgages; and aircraft maintenance contracts) by working with the respective third parties’ contracts departments and the client and upload entire assignment and contract to Onbase upon receipt
    • Ensuring loan terms have been detailed accurately on the Bank’s loan system, post-closing
    • Work with Payoff to obtain any payoffs and ensure that liens are released and forwarded to the client
    • Ensure that all items have been uploaded to Onbase
    • Forward copies of executed documents to the clients and their counsel

 

  • Portfolio Management: Create, maintain, and monitor all loan and credit files at the highest quality.  With the oversight of the Senior Industry Analyst, this process involves
    • Updating the master loan spreadsheet as transactions close for the client contact; timing of appraisals and reappraisal rights/excess use, registration expiration, insurance, and annual term loan reviews as transactions are closed or paid off in full
    • Monitoring existing credit facilities for financial and reporting covenant compliance on a weekly basis
    • Reviewing the covenant compliance log to ensure updated financial information and covenant compliance and communicating with clients to receive required reporting information on a monthly basis at a minimum
    •  Collecting the insurance policies for all collateral prior to their expiration
    • Obtaining the Asset Data Collection Sheets and forwarding to the Aircraft Appraiser so that he may prepare the annual appraisals on the collateral
    • Detecting early warning signs that could lead to a potential default and work with the Business Banker and the Executive Loan Committee when defaults are found
    • Monitoring underperforming loans
    • Evaluating proper loan risk ratings by preparing the annual term loan reviews
    • Corresponding with the Managing Director, Executive Loan Committee, Loan Monitoring Group, Legal, and Credit Administration on waivers, amendments, renewals, reviews and modifications
    • Ensure that all items have been uploaded to Onbase

 

  • Client Service: Assist the Business Banker on all levels of the business banking relationship to ensure the client receives exceptional service.  This process includes:
    • Receiving and funding loan advances and payments
    • Collecting loan and legal fees
    • Calling on delinquencies
    • Assisting clients with various loan and deposit related inquiries
    • Remedying or submitting client requests to the proper departments and following up to ensure timely execution
    • Identifying cross-sell opportunities.

 

  • Work with the Managing Director and Senior Industry Analyst on industry projects, such as updating the Collateral Values spreadsheet for the entire aircraft portfolio using Aircraft Bluebook, Vref and Amstat
  • Be or become proficient in Microsoft Office, Bisys, AFS Level III, and Moody’s.
  • Perform duties and responsibilities specific to department functions and activities.
  • Performs other duties and responsibilities as required or assigned by supervisor.

Qualifications

Skills, Knowledge & Abilities:

  • Excellent credit skills
  • Team player
  • Outstanding communication skills
  • Provides extraordinary internal and external service
  • Works independently
  • Furthers the First Republic Bank culture and values

Education, Experience, Training or Certifications/Licenses

  • Required: Bachelor’s Degree with MBA preferred; strong credit background, a minimum of 3-5 years of commercial banking and lending experience. Established network of business clients, prospects, and referral sources.
  • Senior Credit Analysts will have 7 plus years’ experience with all of the above capabilities plus the ability to independently structure and underwrite most loan requests. Experienced in lending to a wide variety of industries, loan types, and size of companies. Preferably, have experience coaching and developing others, informally or formally.

Mental/Physical Requirements

  • The ability to learn and comprehend basic instructions; understand the meanings of words and respond effectively; and perform basic arithmetic accurately and quickly.
  • Vision must be sufficient to read data reports, manuals and computer screens.
  • Hearing must be sufficient to understand a conversation at a normal volume, including telephone calls and in person.
  • Speech must be coherent to clearly convey or exchange information, including the giving and receiving of assignments and/or directions.
  • Position involves sitting as well as walking or standing for brief periods of time.
  • Must be able to travel as position requires.
  • May be required to lift 25-50lbs.

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