Senior Analyst - Credit Analysis

Job Description

Job Description: Job Title: Senior Analyst - Credit Analysis Management Level: P2 Job location - Bengaluru Senior Associate - Credit Analysis, Credit Administration India Summary The Senior Analyst being a part of the Credit Analysis team at First citizens India (FCI) will be responsible for performing a broad set of credit functions such as financial statements spreading, covenant monitoring, borrowing base calculations, preparing detailed portfolio review & compliance-monitoring, updating & maintaining internal reporting and workflow tools across different line of businesses. The role requires excellent knowledge/experience in financial spreading using Moody s CreditLens (or alternate spreading systems), strong understanding of financial statements and associated ratios, covenant calculations, borrowing base calculations, etc. He/she would be required to have good working knowledge of/experience with commercial lending reporting tools and applications. He/she would also be required to have an excellent/good understanding of financial accounts/statements and commercial lending products. Essential Functions Perform assigned activities required to support the manager. Work under limited supervision and has an expanded skill set that is applied to the essential functions. Utilize knowledge/resources to resolve moderate to complex issues, escalate complex non-routine problems. General operations functions may include, but are not limited to: Reporting: Monitor and track monthly/quarterly reporting packages (arriving from US counterparts) to check for completeness of client information on the portal Monitor and track borrowing base information (e.g. ineligible calculations, gross accounts receivables) provided by clients with inputs from the other team members. Regularly monitor and track the financial spreading and covenant compliance status of the clients with inputs from the other team members Set up/upload new client information in the portal; monitor tasks to be completed by other team members as part of the day-to-day workflow Financial Spreading: Upload client information (income statements, balance sheets and cash flow statements) using Moody s tool (CreditLens) Spread debt amount (short term and long-term) as per guidelines to identify outstanding SVB loan amount. Highlight SVB-related debt amortization/payment schedules and payment amounts. Perform monthly reconciliations and undertake ad-hoc reporting of potential risk elements Covenant Calculations & Monitoring: Perform covenant compliance checks for the borrowers on monthly/quarterly basis by calculating the financial covenant(s) as defined in borrower s loan and security agreement (LSA); perform modifications, as applicable, to the covenant calculations based on updates to the LSA Portfolio Review: Prepare and maintain the portfolio review dashboard on a day-to-day basis Update relevant sections of the dashboard by updating information in the corresponding systems; CA Portal, CreditLens, etc. (compliance status, exposures & outstanding, client financials, client liquidity, covenant information, ABL availability, etc.) Maintain and track the latest financial and reporting provisions, as applicable, for SVB s innovation lending borrowers and correctly report in ePRS; run daily/monthly reconciliations of borrower information. Perform covenant compliance checks for the borrowers on monthly/quarterly basis by calculating the financial covenant ratios such as consolidated fixed charge coverage ratio, etc; perform modifications, as applicable, to the covenant calculations based on borrower s LSA Borrowing Base: Perform the BB calculations as per established procedures on day-to-day basis (based on accounts receivable, inventory, cash, and marketable securities of borrowers) and determine current level of collateral available for certain borrowers. Perform Accounts Receivable ineligible calculations and aging calculations based on; reconcile calculations with BB certificates given by clients Monitor potential risk elements as per the lines of credit monthly; upload the BB information in workflow tool, Compliance Tracker portal. Non-Core Activities: Monitor tasks to be completed by other team members and support the manager in mentoring and training of new hire analysts Execute initiatives related to operational excellence and provide ideas for process improvements; review work produced by analysts and provide guidance Participate in meetings, ad-hoc projects and other duties as assigned by management Quality Assurance: Ensure high level of accuracy in financial spreading Add to the knowledge management databases, particularly regarding resolution of issues Adhere to financial spreading and covenant calculation KPIs/metrics, completing work within agreed to turnaround times Report incidents of non-compliance items (e.g., differences in financial statements provided by client) to lead analyst/manager on a timely basis Core skills Excellent written and spoken communications skills Strong financial skills Strong understanding of various classes of debt (secured / unsecured / subordinated) Comfortable with spreading and analyzing detailed financial statements in Moody s CreditLens Ability to deliver 100% quality work Efficient and well organized, able to work under tight deadlines Outstanding attention to detail, accuracy, and ability to multitask Ability to work in a team environment and coordinating with various stakeholders Proven capability to work independently without hand holding and exercising sound judgment & initiative Ability to be flexible with shift timings (2 pm - 11 pm) Additional skills (good to have) Comfortable with commercial lending portfolio reporting and workflow tools Broad understanding of the commercial loan/lending lifecycle Coverage of innovation economy industries (like technology, healthcare, life sciences, etc.) Competencies Accountability Self-motivated Attention to detail Fostering Teamwork Organization Skills Problem Solving Time management Education and certifications Bachelor s degree in Commerce / MBA(Finance) CA (CPA equivalent) / CFA will be added advantage Proficient in Moody s CreditLens Experience 3-5 years of experience in Credit Analysis functions (spreading, covenants, reviews, etc.) Exposure to US accounting, GAAP, and IFRS Experience in the banking/lending industry