Credit Analyst I

Description

Are you looking for an opportunity to grow your career in Commercial Lending? We are seeking a motivated and enthusiastic individual to join our team. Candidates should have one to three years of related experience in a credit union or similar financial environment along with a fundamental knowledge of financial analysis, sound credit judgement, and member business lending credit management. The successful candidate will be eager to learn, ready to make a meaningful impact, and possess a strong work ethic and commitment to excellence.

Our Credit Union is an equal opportunity employer. All applicants will be considered regardless of race, color, creed, religion, sex, sexual orientation, national origin, age, marital or veteran status, medical condition, disability, genetic information, or any other legally protected status. Equal access to the hiring process, services, and employment is available to all persons.

Requirements

· Collect necessary documents from members and assist in maintaining well-organized credit files.

· Responsible for spreading operating history, personal and entity financial statements and/or tax returns of borrower, as applicable and required.

· Assist in performing the initial review of current and prospective members by gathering and analyzing their background credit and legal information to validate their credit worthiness and legal standing.

· Assist with loan processing measures as applicable and required

· Perform annual reviews for straightforward assigned loans, as applicable and required

· Monitor loan covenant compliance process for assigned loans to ensure compliance with financial covenants and reporting requirements including sending compliance letters when applicable.

· Assist in providing reports on violations of loan covenants and conditions

· Prepare or assist with underwriting and completion of clear and concise Credit Approval Memorandums for straightforward loan requests utilizing a variety of analytical tools.

· Order and appropriately review appraisals on real estate related loans. Update collateral values as necessary.

· Perform special projects, research, and other duties as assigned

· Maintain knowledge of basic principles of commercial lending, as well as appropriate laws, regulations and credit union policies and practices.

· Represent the credit union in a courteous and professional manner

· Responsible for compliance with all applicable federal and state regulations, as well as credit union policies and procedures.

· Responsible for completion of all required compliance training, as well as completion of ongoing compliance training which may be assigned throughout the year.

A combination of education and experience equivalent to a bachelor’s degree in finance, accounting or closely related field; and knowledge typically gained through a minimum of one to three years of experience in member business lending. Background in financial analysis preferred.

· A significant level of trust and diplomacy is required, in addition to normal courtesy and tact. Work involves extensive personal contact with others and/or can be of a personal or sensitive nature.

· Demonstrated ability to handle confidential and sensitive information with discretion.

· Excellent financial analytical skills with sound judgment and decision-making abilities

· Strong interpersonal and communication skills

· Proficiency in Microsoft Office

· Proficiency in LoanVantage or similar financial spreading module preferred

· Excellent verbal and written communication skills

· Strong attention to detail

· Strong teamwork and collaboration skills

· Ability to sit, stand, and use standard office equipment for extended periods.

· Ability to lift up to 20 lbs.