Business/Commercial Credit Analyst

MSU Federal Credit Union • Remote, MI

25d • $27 - $51 • Hybrid

About The Position

The Business Credit Analyst evaluates the creditworthiness of commercial loan requests by analyzing financial statements, tax returns, and other related data. Findings are communicated through written credit narratives to support Loan Officers and Loan Committee in lending decisions. In addition to initial credit analysis, the role includes conducting ongoing portfolio reviews to assess and monitor the level of risk within the existing loan portfolio. Strong analytical and critical thinking skills are essential, along with a foundational understanding of account and finance – or a willingness to learn.

Requirements

• High school diploma or equivalent
• Minimum of a bachelor’s degree or equivalent experience in business, finance, sales, or related field, or equivalent combination of work experience and education.
• Experience working with Windows Microsoft 365 applications
• Experience working in a financial institution, with a strong preference for dedicated work in underwriting or credit analysis
• Experience working in a role dedicated to commercial credit and underwriting within a financial institution
• Communicate, Navigate Change & Evolve, Solve Problems & Make Decisions, Plan, Prioritize, and Achieve, and Collaborate.
• Communication - Effectively interact with others to facilitate sharing of ideas and clearly articulate information through multiple avenues.
• Data Analysis - Analyzes and draws insights from relevant data. Uses storytelling to effectively communicate insights and actionable, data-informed recommendations.
• Detail Orientation - Ensures information is complete and accurate. Adheres to processes as outlined. Follows up to ensure quality and completion of work.
• Initiative - Takes proactive and prompt action to accomplish work goals. Takes action to achieve results beyond requirements.
• Organization - Arranges work in a systematic way either on small or large scales.
• Process Improvement - Spots processes that need improving and can implement those changes.
• Product Knowledge - Demonstrates knowledge of products, services, and relevant details offered or supported within the position.
• Superior Service - Prioritizes and acts on the needs of members and employees. Sets the tone and establishes rapport. Acknowledges and clarifies while committing and providing guidance. Summarizes and closes the interaction positively.
• Teamwork - Works well with internal and cross-functional teams to achieve individual, team, department, and/or organizational goals. Values diverse perspectives and working with others to achieve the best outcome possible.
• Time Management - Manages time and resources to ensure that work is completed efficiently.

Nice To Haves

• Foundational understanding of account and finance – or a willingness to learn.

Responsibilities

• Analyze financial statements, tax returns, and other data to assess creditworthiness of commercial loan applicants and prepare written credit narratives summarizing financial analysis and risk assessment.
• Support Loan Officers in loan decision-making with timely and accurate credit evaluations.
• Conduct ongoing reviews of existing loans to monitor portfolio risk and identify potential issues.
• Assist in identifying trends in borrower performance and industry conditions.
• Maintain up-to-date and organized credit files in accordance with policy and regulatory requirements.
• Develop a foundational understanding of accounting, finance, and credit principles.
• Collaborate with internal teams to gather necessary financial and business information.
• Ensure Compliance with internal credit policies and external regulatory guidelines.
• Demonstrate initiative to learn and grow within the commercial lending and business services field.
• Understand the Credit Union's policies and procedures to ensure compliance and accountability for managing operational risks. Adhere to established internal controls and procedures to safeguard assets, prevent fraud, and maintain the integrity of credit union operations.
• Perform other duties as assigned.
• Evaluate complex commercial loan requests through in-depth financial and credit analysis.
• Prepare comprehensive credit memorandums with well-supported risk assessments and recommendations.
• Conduct ongoing monitoring of loan portfolio performance, including periodic credit reviews and risk rating updates.
• Identify and analyze trends in borrower financials, industry conditions, and macroeconomic factors.
• Mentor or provide guidance to other analysts and loan officers on credit analysis techniques and best practices.
• Collaborate closely with Loan Officers to structure credit facilities aligned with risk appetite and borrower needs.
• Ensure adherence to credit policy, regulatory requirements, and underwriting standards.
• Participate in loan committee discussions and respond to questions regarding credit analysis.
• Assist in identifying early warning signs of credit deterioration and recommend appropriate actions.
• Contribute to process improvements within the credit analysis function and support departmental goals.
• Lead the evaluation of large and complex commercial credit requests with minimal oversight.
• Deliver high-quality, detailed credit memorandums with clear risk assessments and recommendations.
• Oversee portfolio management activities, including risk rating reviews, covenant monitoring, and annual credit reviews.
• Identify and assess emerging risks across industries, borrowers, and market trends.
• Provide strategic input to credit policy development and risk management initiatives.
• Serve as subject matter expert and resource for underwriting standards and credit structuring.
• Mentor and train Credit Analyst I and II, providing feedback and technical guidance.
• Collaborate with Loan Officers and leadership on deal structuring and risk mitigation strategies.
• Represent the credit team in credit committee meetings.
• Drive continuous improvement in credit analysis processes, tools, and reporting.

Benefits

• 100% Company-Paid Health, Dental, Vision, Life, and Long-Term Disability Premiums
• Up to 26 days of PTO within your first year
• Volunteer Time Off
• 11 Paid Holidays
• 401(k) with a company match
• Tuition Reimbursement
• Up to 12 Weeks of Paid Parental Leave

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree