Credit Analyst I

Description

Join Our Team—Where Integrity and Precision Safeguard Strong Banking Relationships

We’re seeking a Credit Analyst I to support accurate, thoughtful credit analysis across our lending portfolio. This role plays a key part in protecting the Bank’s credit quality by ensuring financial analysis, underwriting, and portfolio monitoring are executed with care, consistency, and attention to detail.

 

As part of our continued commitment to strategic focus and accountability, First Carolina Bank is guided by our core values: Intentional, Responsive, Enterprising, and Considerate. These principles shape how we manage risk, collaborate with lenders, and deliver sound financial solutions to our customers and communities.

 

Why You’ll Love This Role

• Build a strong foundation in credit analysis within a well-structured, supportive banking environment

• Develop technical skills in spreading financials, underwriting, and portfolio monitoring

• Work closely with lenders and experienced credit leaders to learn commercial and consumer credit

• Contribute to high-quality, repeatable work that directly supports risk management and regulatory compliance

• Thrive in a steady, process-driven role where accuracy and consistency matter

• Grow your career within a collaborative team that values patience, professionalism, and continuous learning

 

What Makes You a Great Fit

• Detail-oriented and methodical, with a strong commitment to accuracy and quality

• Comfortable following established processes, guidelines, and regulatory requirements

• Patient, dependable, and steady in managing recurring analytical work

• Professional and service-oriented when partnering with lenders and internal teams

• Thoughtful and cautious with risk, relying on facts, financial data, and proven processes

• Collaborative and supportive, with a preference for contributing within a team-focused environment

• Communicates clearly, factually, and respectfully

 

Key Responsibilities

• Spread consumer and commercial financial statements to assess borrower financial position

• Assist with underwriting new and renewing credits, including loan presentations and annual reviews

• Support portfolio monitoring activities such as covenant testing, borrowing bases, and financial tracking

• Maintain organized and accurate credit files and documentation

• Meet with lenders to gain understanding of new and existing loan relationships

• Assist with internal and external audits and regulatory exams, including FDIC Safety & Soundness

• Complete reports, analyses, and special projects as directed by management

• Adhere strictly to established credit processes, policies, and documentation standards

 

Qualifications

• Bachelor’s degree from a four-year institution

• Strong ability to read, analyze, and interpret financial statements and complex documents

• Ability to work under deadlines while maintaining accuracy and consistency

• Proficiency with Microsoft Office Suite

Preferred • Business degree in Accounting or Finance

• 1+ year of experience in bank lending, loan review, credit analysis, or compliance

• Basic knowledge of financial spreading, loan underwriting, loan grading, and portfolio monitoring

 

Risk Management Requirements

• Adheres to workplace policies, code of conduct, confidentiality, privacy, and information security standards

• Complies with all applicable regulatory requirements, including BSA, AML, and USA PATRIOT Act policies

• Acts within authorized limits and delegated authorities

• Follows established credit, documentation, and control processes to protect the Bank, customers, and shareholder

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Benefits

• Competitive total compensation

• Comprehensive health, dental, and vision insurance

• Retirement savings plan with company match

• Paid time off and paid holidays

• Professional development and career growth opportunities

• Employee assistance programs

• Opportunity to contribute to the safety, soundness, and long-term success of the Bank

 

Our Core Values

Enterprising: We approach our work with discipline, curiosity, and sound judgment.

Intentional: We deliver accurate, thoughtful analysis and follow through with care.

Responsive: We provide reliable, timely support that earns trust across the organization.

Considerate: We collaborate respectfully, valuing teamwork, professionalism, and accountability.

 

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Summary

Position Purpose:

·         This position is responsible for managing the accuracy of the Bank’s credit analysis.

·         Responsibilities include spreading, underwriting, annual reviews, portfolio management, and analysis of credit relationships.

·         Daily duties include spreading consumer & commercial cash flows, updating annual reviews, and completing projects as directed by management.

Primary Responsibilities:

·         Spread financials to understand Borrower financial position.

·         Meet With Lenders to understand new & existing loan relationships more clearly.

·         Maintain credit files in an organized and efficient manner.

·         Assist with portfolio monitoring including, but not limited to, financial tracking, covenant testing, borrowing bases, etc.

·         Underwrite & maintain annual review tracking.

·         Assist with new and renewing credits via loan presentations, etc.

·         Assist Management Team with internal and external audits, as well as FDIC Safety & Soundness Exam.

·         Complete additional reports, assignments, projects, as directed by management.

Authority, Impact, Risk:

·         Regulatory examinations and resulting ratings.

·         Mitigate credit risk with accuracy in analysis and reporting.

·         Fair Lending and its applicability to consumer & commercial lending.

Key Relationships:

·         Interaction with EMD-GB&W, MD-CB, D-CB&CR, CRO, CCO, Commercial Loan Officers, Consumer Loan Officers, Loan Processors

Managerial Accountability:

·         N/A

Working Conditions:

Specific Knowledge and Skills:

·         Ability to read and interpret complex documents.

·         Ability to work under tight deadlines.

·         Ability to define problems, aggregate facts and draw valid conclusions.

·         Ability to interpret financial statements and apply them to credit analysis.

Time Allocation:

·         Portfolio Monitoring & Financial Tracking………………………………………………………………………………….. 30%

·         Underwrite Credits/Annual Reviews………………………………………………………………………………………….. 30%

·         Spreading Financials………………………………………………………………………………………………………………….. 30%

·         Management Projects……………………………………………………………………………………………………………….. 10%

Job Specifications:

Position adheres to confidentiality policy, code of ethics and knowledge of Bank Secrecy Act and best practices and other pertinent Regulatory laws and regulations.

 

Required:

·         Bachelor’s degree (BA) from a four-year institution

·         Must have knowledge/ability to use all MS Office Suite products.

 

Preferred:

·         Business Degree in Accounting or Finance

·         Minimum 1 year in bank lending, loan review and/or compliance experience

·         Basic Knowledge in spreading financials, loan underwriting, as well as loan grading & monitoring.

Risk Management Requirements:

Understands and adheres to Workplace Policies, Code of Conduct, privacy, and information security guidelines. Understands and adheres to Anti-Money Laundering, Bank Secrecy Act, and Compliance with the USA PATRIOT Act policies and procedures applicable to position, completing any supporting requirements within defined timeframes. Acts within authorized limits and delegated authorities and role applicable policies and procedures. Follows processes and controls to protect shareholder interests. Mitigates risk to the bank and customers by following all applicable security procedures.

Equal Opportunity Employer including Veterans/Disabilities

Digital banking platform providing financial services and disbursements.