Credit Associate

Axos Bank Target Range: $55,000.00/Yr. - $70,000.00/Yr. Actual starting pay will vary based on factors including, but not limited to, geographic location, experience, skills, specialty, and education. Eligible for an Annual Discretionary Cash Bonus Target: 10% Eligible for an Annual Discretionary Restricted Stock Units Bonus Target: 10% These discretionary target bonuses may be awarded semi-annually based upon your achievement of performance goals and targets. About This Job The Credit Associate will be responsible for analyzing credit worthiness of new and established customers in accordance with departmental and corporate thresholds, policies, and procedures. The analyst will be responsible for reviewing financial statements, assessing third party credit reports, and finding and reviewing all public information on the customer and related parties/principals. After analyzing reports, financial statements and public information, the analyst will be making recommendations to approve, or decline submitted credit applications. Responsibilities: Financial Analysis: Review and analyze financial statements, credit reports, and other relevant financial documents to assess the creditworthiness of applicants Risk Assessment: Evaluate the level of risk associated with extending credit to applicants based on financial data, market conditions, and industry trends Credit Scoring: Utilize credit scoring models and tools to assign appropriate credit scores and ratings to applicants, aiding in the decision-making process Data Gathering: Collect and verify information from various sources, including credit bureaus, financial statements, tax returns, and customer interviews Documentation: Prepare comprehensive credit reports summarizing the applicant's financial situation, risk level, and recommendations for credit approval or denial Recommendations: Present findings and credit recommendations to senior management, underwriters, or loan committees, providing a clear rationale for each decision Regulatory Compliance: Ensure adherence to relevant laws, regulations, and lending standards while evaluating credit applications Communication: Maintain effective communication with applicants, lenders, and other stakeholders to gather necessary information and explain credit decisions. Credit Policy Development: Contribute to the development and refinement of credit policies and procedures to improve the overall credit risk assessment process Portfolio Monitoring: Continuously monitor the credit performance of existing loans and credit lines, identifying potential risks and suggesting remedial actions Market Research: Stay informed about industry trends, economic conditions, and changes in credit markets that may impact lending decisions Qualifications: Bachelor's degree in finance, accounting, economics, or a related field or 5+ years’ work experience Strong analytical skills and proficiency in financial statement analysis Knowledge of risk assessment techniques Familiarity with regulatory guidelines and compliance requirements related to lending and credit Excellent written and verbal communication skills Attention to detail and the ability to work independently and as part of a team. Proficiency in financial software and data analysis tools Problem-solving skills and the ability to make sound decisions based on available information Prior experience in credit analysis or a related role is advantageous Axos Employee Benefits May Include: Medical, Dental, Vision, and Life Insurance Paid Sick Leave, 3 weeks’ Vacation, and Holidays (about 11 a year) HSA or FSA account and other voluntary benefits 401(k) Retirement Saving Plan with Employer Match Program and 529 Savings Plan Employee Mortgage Loan Program and free access to an Axos Bank Account with Self-Directed Trading About Axos Born digital-first, Axos delivers financial tools and services that allow individuals, small businesses, and companies to access and manage their money how, when, and where they want. We’re a diverse team of dynamic, insightful, and independent innovators who are excited to provide technology-driven solutions that offer unbeatable value to our customers. Axos Financial is our holding company and is publicly traded on the New York Stock Exchange under the symbol "AX" (NYSE: AX). Learn more about working at Axos Pre-Employment Background Check and Drug Test: All offers are contingent upon the candidate successfully passing a credit check, criminal background check, and pre-employment drug screening, which includes screening for marijuana. Axos Bank is a federally regulated banking institution. At the federal level, marijuana is an illegal schedule 1 drug; therefore, we will not employ any person who tests positive for marijuana, regardless of state legalization. Equal Employment Opportunity: Axos is an Equal Opportunity employer. We are committed to providing equal employment opportunities to all employees and applicants without regard to race, religious creed, color, sex (including pregnancy, breast feeding and related medical conditions), gender, gender identity, gender expression, sexual orientation, national origin, ancestry, citizenship status, military and veteran status, marital status, age, protected medical condition, genetic information, physical disability, mental disability, or any other protected status in accordance with all applicable federal, state, and local laws. Job Functions and Work Environment: While performing the duties of this position, the employee is required to sit for extended periods of time. Manual dexterity and coordination are required while operating standard office equipment such as computer keyboard and mouse, calculator, telephone, copiers, etc. The work environment characteristics described here are representative of those an employee may encounter while performing the essential functions of this position. Reasonable a