Credit AnalystAt — The Hispanic Chamber of Commerce of Orange County

Essential Duties and Responsibilities:

1) Financial Analysis:

Analyze financial statements and business tax returns, including income statements, balance sheets, and cash flow statements, to assess the financial health of businesses.

• Perform cash flow analysis to evaluate a business’s ability to repay debt.
• Conduct collateral analysis to determine the value and suitability of collateral for loan purposes.
• Calculate and analyze key financial ratios and trends to support lending decisions.
• Research and analyze industry trends from financial reports and market data.
• Prepare cash flow worksheets, projections and budgets for 1-3 years to assist small businesses with loan applications.

2) Loan Package Preparation:

• Prepare comprehensive loan packages for submission to lenders, including financial narratives, statements, and supporting documentation.
• Develop concise one-page deal summaries of loan transactions for presentation to potential lenders.

3) Accounting-Related Tasks:

• Assist clients in preparing financial reports, such as income statements, balance sheets, and cash flow statements, ensuring compliance with accounting standards (e.g., GAAP).
• Analyze budgets, compare forecasts to actual spending, and provide recommendations to improve client financial performance.
• Prepare adjusting journal entries and correct discrepancies in financial records for improved accuracy.
• Prepare opening balance sheets and profit/loss statements for client businesses.
• Prepare and track Finance Center quarterly billing to grant administrators for all billed hours and monitor individual grant expenditures against approved budgets.

4) Data Management and Compliance:

• Maintain accurate and up-to-date client records in the SBDC database.

• Track loan applications’ progress, outcomes, and client activities.

• Support clients in complying with accounting standards and regulations.

• Track and reconcile grant-related expenses against budgets to ensure compliance with funding requirements.

5) Professional Development Opportunities:

• Shadow experienced financial professionals and accountants to develop a deeper understanding of financial and accounting principles.

• Participate in workshops or training to expand technical accounting skills and financial analysis expertise.

Additional Information:

This job description includes enhanced accounting-specific responsibilities designed to meet the requirements of California State University, Fullerton's accounting internship standards. The position provides an excellent opportunity to build practical skills in both finance and accounting while gaining exposure to loan processing, financial analysis, and tax compliance.

Book for training:

The Guide to Understanding Financial Statements by S.B. Costales & Geza Szurovy

Tasks:

1. Loan Underwriting and Financial Assessment

These tasks focus on determining a small business's creditworthiness and ability to repay debt.

Financial Statement Analysis: Analyze client financial statements and business tax returns (P&L, Balance Sheet, Cash Flow) to understand the current financial health.

Cash Flow and Repayment Analysis: Perform detailed cash flow analysis to rigorously evaluate the business's capacity to service new debt.

Ratio & Trend Analysis: Calculate and interpret key financial ratios and industry trends to inform and support all lending decisions.

Collateral Valuation: Conduct analysis to determine the market value and suitability of assets offered as loan collateral.

Industry Research: Research and analyze industry trends, market data, and financial reports to contextualize client performance.

2. Loan Package Development and Presentation

These tasks ensure that the client's application is accurate, compliant, and ready for formal submission to external lenders.

Package Compilation: Prepare and organize comprehensive loan packages, gathering all required financial statements, legal documents, and supporting information.

Financial Narrative Drafting: Write clear, persuasive financial narratives that provide context, explain the use of funds, and detail the business case for the loan.

Deal Summary Creation: Develop concise, one-page executive summaries of the proposed loan transactions for quick presentation and review by potential lenders.

Projection and Budgeting: Prepare realistic 1-3 year cash flow projections and operational budgets for small businesses to satisfy both lender and client planning requirements.

3. Client Financial Reporting and Technical Accounting Support

This involves providing hands-on accounting assistance to improve client financial accuracy and ensure GAAP compliance.

GAAP Compliance Assistance: Assist clients in preparing and structuring financial reports (income statements, balance sheets) to ensure adherence to Generally Accepted Accounting Principles (GAAP).

Record Correction/Cleanup: Analyze financial records, prepare necessary adjusting journal entries, and correct discrepancies to improve overall financial accuracy.

Financial Setup: Prepare initial opening balance sheets and profit/loss statements for startup clients or businesses requiring a complete financial refresh.

Budget vs. Actual Analysis: Analyze budgets, compare them to actual spending, and provide actionable recommendations to clients for improving their financial performance.

4. Compliance, Tracking, and Internal Operations

These tasks cover the administrative and compliance duties necessary for the successful operation and funding of the Finance Center.

Grant Billing & Tracking: Prepare and submit accurate quarterly billing reports to grant administrators for all consultant hours.

Expenditure Monitoring: Track and reconcile grant-related expenses against approved budgets to ensure continuous compliance with funding requirements.

Database Management: Maintain accurate and up-to-date client records, loan application status, and activity details within the SBDC database.

Regulatory Support: Support clients in understanding and complying with relevant accounting standards and financial regulations.

Training:

Initial orientation will cover SBDC policies and procedures as well as the Finance Center's processes. Once initial orientation is completed, intern will meet with Director for 8 hours a week in person and work on projects independently (remotely) for another 8 hours a week. This is a comprehensive, hands-on training program designed for new and existing Credit Analyst/Loan Processors supporting the finance center. The course is structured around the full lifecycle of small business lending, with a strong focus on compliance, accuracy, and client support. Key modules include Financial Analysis Mastery (analyzing tax returns, collateral, calculating key financial ratios, and forecasting), Loan Package Development (creating lender-ready submissions, including persuasive financial narratives, comprehensive statements, and concise one-page deal summaries), and Small Business Accounting Support (assisting clients with GAAP-compliant reports, preparing budgets and forecasts, and executing adjusting journal entries for improved accuracy). The program also covers critical operational compliance, such as following up on loan checklists, and internal accounting processes, including quarterly billing and grant expenditure tracking.

Learning Outcome:

By the end of the internship the student will be able to: Analyze Business Health: Analyze financial statements and tax returns to calculate key financial ratios, perform cash flow analysis, and determine a business's capacity to repay debt.

Prepare Projections & Budgets: Generate 1-3 year cash flow projections and budgets for small business clients, ensuring all reports adhere to generally accepted accounting principles (GAAP).

Create Loan Submissions: Develop comprehensive loan packages for lenders, including all required documentation, detailed financial narratives, and concise one-page deal summaries.

Manage Financial Compliance: Prepare and track quarterly billing for grant administrators and monitor client grant expenditures against approved budgets.