Job detail

Portfolio Risk / Financial Analyst

Tacoma, WA


Base Salary Range:
 

Level I -  $26.07 - $32.59 - $39.11 per hour 

Level II - $31.55 - $39.44 - $47.32 per hour

Senior -  $38.17 - $47.72 - $57.26 per hour

Depending on qualifications and experience Portfolio Risk Analyst I,  II  or Senior may be considered.

Preferred geographical location is Tacoma, WA. Flexibility to work a remote/hybrid schedule may be considered.

At Heritage Bank, we work hard, but we also know how important it is to take time off to stay healthy, relax, and spend time doing what makes your heart happy!

As part of our team you’ll enjoy a total rewards package, which includes base salary based on the role, experience, and skill set, along with an exceptional benefits package (medical, dental, vision, life insurance, 401(k), community volunteer time), and generous time off policy. Full-time team members receive a minimum of 10 paid vacation days annually* and eight hours of paid sick leave per month*, while also enjoying 11 paid holidays each calendar year, and an annual float day. *pro-rated from start date, part-time status and/or hours worked. Flex-time, on-call, and temporary employees are not eligible for paid vacation or float days. To view Benefits Summary: Apply > Current Openings > position > attachment.

Position Overview

As part of our team you’ll enjoy a total rewards package, which includes base salary based on the role, experience, and skill set, along with an exceptional benefits package (medical, dental, vision, life insurance, 401(k), community volunteer time), and generous time off policy. Full-time team members receive a minimum of 10 paid vacation days annually* and eight hours of paid sick leave per month*, while also enjoying 11 paid holidays each calendar year, and an annual float day. *pro-rated from start date, part-time status and/or hours worked. Flex-time, on-call, and temporary employees are not eligible for paid vacation or float days. To view Benefits Summary: Apply > Current Openings > position > attachment.

The successful candidate will be able to:   

  • Complete financial spreads of basic personal and business financial statements using the Bank’s software tools. Incorporates all pertinent credit and financial information.          
  • Assist with preparation of individually evaluated loan worksheets to determine the allowance for credit loss on those loans.
  • Assist with tracking and/or coordinating the process/procedures for the annual term loan reviews on commercial real estate, agricultural and equipment/non-real estate loans.
  • Determine the need for more thorough investigation or additional information; monitors and follows up on outstanding items in a timely manner.
  • Provide technical advice and assistance to loan officers, as needed.
  • Assist with capturing data, tracking and analyzing trends, and preparing management and board reports, in a timely and accurate manner.
  • Utilize existing economic and market data available for the various markets and industries to perform periodic studies and analyses to support the markets in which the Bank serves.
  • Participate in other projects, including ad-hoc data manipulation, reporting, analysis, and market data research, working closely with the management team to identify potential problems and implement process improvements.
  • Gain working knowledge of, and ensures bank activities are performed in compliance with, all state and federal banking laws and regulations applicable to assigned area.
  • May assist in preparation/revision of guidelines, procedures and instruction manuals.
  • Develop and maintain current knowledge of commercial credit administration, credit review process and risk management practices.

Requirements:   

  • Bachelor’s Degree in Business Administration, Finance, Accounting or relevant discipline – preferred.          
  • Accounting and financial statement analysis skills as developed through a combination of education and work experience – required.          
  • Level I: 1+ years recent relevant work experience in commercial banking or credit risk management – required. 
  • Level II:  3+ years recent credit/collateral analysis experience in a financial services industry - required.    
  • Senior:   5+ years recent credit analysis experience in a financial services industry - required. 
  • Recent credit/collateral analysis experience in a financial services industry - preferred.          
  • Equivalent combination of education, training and experience may be considered.          
  • Experience in providing quality service to internal/external customers and responding to customers' questions and concerns in an accurate, effective, and timely manner.          
  • Effective listening , verbal and written communication skills with the ability to communicate outstanding/follow up issues over the phone, in person and via email to a variety of audiences; and the ability to read, write, speak and understand English well.          
  • Ability to handle and deal with sensitive and confidential information, in a tactful and discreet manner.          
  • Ability to work independently and as a team member in a deadline-driven environment.          
  • Basic knowledge of accounting and finance theory and practices, including Generally Accepted Accounting Principles, taxation, legal forms of organizations, and business law.          
  • Basic ability to interpret financial statements/spreads (including cash flow, balance sheet, and profitability).          
  • Basic ability to identify recurring and non-recurring sources of cash flow and guarantors’ ability to service debt.          
  • Basic experience interpreting credit reports and industry financial information averages.          
  • Analytical skills, with excellent attention to detail and a strong focus on accuracy. Excels in quickly conceptualizing and assimilating data to make decisions and take appropriate action.          
  • Detail oriented with strong organizational, problem-solving, data review and time management skills; with the ability to manage multiple assignments, and reporting requests ensuring that priorities are set and commitments and deadlines are met.          
  • Ability to gain an understanding and working knowledge of risk systems, processes and risk measurement and accounting methodologies (e.g. economic capital, ASC 450, ASC 310).          
  • Experience in data tracking, report development, and identifying significant changes or trends.          
  • Experience using MS Office products (Word, Excel, Outlook), with the ability to adapt to and learn new products and technologies quickly.          
  • Experience with, or ability to quickly learn financial institution credit spreading software (i.e. CreditQuest, Moody’s or Baker Hill).          
  • Familiarity with system of record (DNA), and imaging software (Aurora) – desired.                    


Work Environment:    

  • Climate controlled office environment.          
  • Work involves being able to concentrate on the matter at hand under sometimes distracting work conditions and frequent interruptions during the day.          
  • Work requires regular attendance, punctuality and adherence to agreed-upon schedule with willingness to work a flexible and/or rotating schedule and/or extended hours, as needed.                     

Physical Demands:   

  • Work may involve the constant use of computer screens, reading of reports, and sitting throughout the day.          
  • Ability to operate a computer keyboard, multi-line telephone, photocopier, scanner, and facsimile which often requires dexterity of hands and fingers with repetitive wrist and hand motion.          
  • Typically sitting at a desk or table; intermittently standing, stooping, bending at the waist, kneeling or crouching to file materials.           
  • Occasional lifting 5 – 10 lbs. (files, boxes).                    

The above statements are intended to describe the general nature and level of work being performed and are not an exclusive list of all qualifications for this position.          

Heritage Bank is an Equal Opportunity Employer  

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran status, disability, or any other basis protected by applicable law.    

Job applicants have certain legal rights. Please click here for information regarding these rights.    

If you need assistance completing the online application, please email: HBRecruiting@HeritageBankNW.com  

Salary Range Disclaimer

The base salary range represents the min, mid and max  of  Heritage Bank’s salary range for this position. Actual salaries will vary depending on factors including, but not limited to, qualifications, experience, and job performance. The range listed is just one component of Heritage Bank’s total compensation package for full time and part time employees. Depending on position, other total compensation rewards may include, monthly, quarterly or annual incentive, and/or bonuses.