Credit Compliance Analyst I job vacancy in Veritex Community Bank, (Dallas, TX 75225)
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We got a new job details in Veritex Community Bank & they are Hiring Candidates for Credit Compliance Analyst I
Company Name : Veritex Community Bank
Company Location : Dallas, TX 75225
Job Position : Credit Compliance Analyst I
Job Category : Jobs in Texas
Job Description :
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 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:
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.
Responsible for monitoring established loan covenants, borrowing base requirements and compliance with executed loan agreements for existing borrowers. This position will work closely with other Credit Risk personnel and the lending staff to identify potential red flags and to help mitigate the risk to the Bank. Additional responsibilities include comparing loan agreements with approved loan terms to ensure approved terms have been adhered to and performing background checks on new and existing borrowers. Responsibilities:
Review 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.
Review financial information and compliance certificates provided by existing borrowers and recalculate and verify that the covenant compliance ratios are correct.
Interact closely with Loan Officers and their assistants regarding compliance requirements.
Detailed and accurate data entry into Abrigo/Sageworks or other appropriate software packages.
Track all covenant defaults and resolutions and provide regular report to senior management for review and follow-up.
Assist in the preparation of financial spreads for existing customers to be used in the underwriting process as well as compliance monitoring.
Prepare financial models used in analyzing covenants which include preparing spreadsheets.
Review field audit reports as prepared by third party vendors.
Complete credit references for existing borrowers when requested by third parties.
Perform background checks using multiple points of reference for businesses and key individuals that are existing or prospective customers.
BA Degree in Finance, Accounting, or Business Administration with a minimum 12 hours of accounting, or equivalent work experience.
1 to 2 years of experience in underwriting commercial loans is preferred.
Combination of equivalent education and experience may be substituted for degree requirements.
Excellent interpersonal, customer service and communication skills in order to effectively interact and work with all levels of employees;
Must demonstrate 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;
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
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
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.
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.
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