Commercial Credit Associate (CRE)

The Credit Associate is an entry-level role responsible for supporting Credit Analysts, Senior Credit Analysts, and Portfolio Managers in the administration and monitoring of commercial credit portfolios. This position plays a key role in maintaining credit quality through covenant tracking, financial data management, and client communication. This role requires strong organizational skills, attention to detail, and effective communication, serving as a critical operational support function within the credit risk management process. WaFd Bank is proud of the high value that we all place on simply being kind when serving our co-workers and clients.

KEY FUNCTIONS:

Covenant Tracking and Compliance: serve as primary point of contact as it relates to both direct client communication as well as internal advisory to stakeholders.
1. Annual reviews, quarterly comments: custodian of regional status reporting adhering to protocol outlined by the Bank's Credit Group (actual reviews and quarterly comments are a function of Credit Analyst).
2. Organize/manage client correspondence as it relates to the submission of required financial reporting (i.e. financial statements, tax returns, rent rolls, etc.)
3. Financial spreading: gain working knowledge and partnering with the applicable Credit Analyst to input financial statements (both corporate and personal) and tax returns into WaFd's Bank software in preparation for financial analysis and credit worthiness.
4. OnBase and File Management: primary responsible party for regional OnBase: file management and departmental indexing/scanning
5. Credit Reports: serve as primary point of contact for ordering/payment of Credit Reports
6. Completes special projects assigned by manager.
7. Ensuring Regulatory & Operational Excellence: Maintain the integrity of WaFd's business needs in all lending and deposit account processes and servicing activities. Adhere to bank policies and procedures designed to comply with federal regulations, including but not limited to the Bank Secrecy Act, USA Patriot Act and OFAC regulations. To that end, ensure timely and accurate preparation of reports and other recordkeeping requirements.
   • Complete and pass all assigned eLearning courses and assigned certifications as required.
   • Always adhere to security and compliance procedures.
   • Avoid all real or perceived conflicts of interest and always maintain client privacy and confidentiality.

Education/Skills/Training:

• Bachelor's degree in finance, accounting, business administration or equivalent.
• Proficient in Microsoft Office suite (Word, Excel, and PowerPoint).
• Strong math skills.
• Ability to deal with normal problems and apply common sense in carrying out instructions and solving problems.
• Effective verbal, written and interpersonal communication skills, and correspondence and speak clearly to customers and employees.
• Able to manage data, documents, process workflow.
• Excellent organizational and time management skills.

Experience:

• Entry-level role; prior experience may include:
  • 2 years' experience in banking, finance or accounting.
  • Basic understanding of financial statements (income statement, balance sheet, cash flow)
  • Has a desire to grow into a Credit Analyst or Commercial Banking track, preferred.

At WaFd Bank you get all of these great benefits!

• Paid time off for vacation, sick days and holidays
• Health insurance
• Stock options
• Bonus programs
• 401(k) plan
• Paid Parental Leave
• Life and AD&D insurance
• Long-term disability
• Tuition Reimbursement
• Employee assistance programs
• Pre-tax health and dependent-care spending plans

WaFd Bank Benefits Summary - Click here for more information

We are committed to Equal Employment Opportunity and Affirmative Action. We recruit, hire, train and promote persons in all job titles and ensure that all other personnel actions are administered without regard to race, color, religion, sex, sexual orientation, gender identity, military and/or veteran status, or disability in accordance with Executive Order 11246, Section 503 of the Rehabilitation Act of 1973, as amended, and the Vietnam Era Veterans Readjustment Assistance Act of 1974, which require affirmative action to ensure equal opportunity in all aspects of employment. WaFd Bank does not discriminate on the basis of national origin or citizenship status as provided under the Immigration Reform and Control Act of 1986, or any other Federal or State legally-protected classes. WaFd Bank is committed to providing reasonable accommodations to employees and applicants with disabilities to the full extent required by the Americans with Disabilities Act (ADA). If you feel you need a reasonable accommodation pursuant to the ADA, you are encouraged to contact us at 800.324.9375

EEO Policy Statement - WaFd Bank

Know Your Rights: Workplace Discrimination is Illegal - click here for more information

California Consumer Privacy Act- CCPA 2025