Business Credit Officer

Financial Plus Credit Union•Flint, MI

6d•$75,000 - $95,000•Hybrid

About The Position

Financial Plus Credit Union (FPCU) is seeking a Business Credit Officer to join their Business Services department. This role is hybrid, allowing for up to two remote work days per week. The Business Credit Officer will analyze member business loan requests, renewals, and modifications to assess repayment likelihood, ensure appropriate loan terms and covenants, make approve/decline decisions, and assign risk ratings. Responsibilities also include handling extensions, renewals, and making recommendations for deteriorating credits, while independently managing workflow and team communication. The ideal candidate will be well-versed in commercial lending principles, understand and apply FPCU's MBL loan policy, and comply with current Federal and state laws and regulations. Proactive partnership with the Business Relationship Manager, Portfolio Manager, and Business Services team is expected to identify potential portfolio issues.

Requirements

A Bachelor’s (BS or BA) degree or higher from a four-year accredited institution with a major in finance, accounting, economics or business preferred.
Minimum of five years of relevant experience with commercial credit analysis, commercial lending, loan structuring, underwriting and portfolio management or equivalent.
Advanced knowledge of business tax returns and business financial statements.
Advanced knowledge of financial analysis including cash flow, probability, liquidity, leverage and solvency.
Ability to apply sound judgment in the application of analytical conclusions to credit approval, loan structure and management recommendations.
Ability to adhere to internal policies as well as external policies and regulations set forth by the NCUA.
Candidate must be knowledgeable of commercial loan products and services and demonstrate the ability to cross-sell and build deeper relationships with our membership.
This position requires an understanding in basic computer skills including M365 Suite.
Must be highly detail oriented, accurate and able to multi-task.
Must be able to work independently and collaborate with Business Relationship Managers, Portfolio Manager and others within Business Services.
Courtesy, tact, and diplomacy are essential elements of the job. Work involves much personal contact with others inside and/or outside the organization for purposes of giving or obtaining information, building relationships, or soliciting cooperation
Ability to apply logical thinking to define problems, collect data, establish facts, and draw conclusions

Nice To Haves

Formal commercial credit training preferred.
Have familiarity with Abrigo/Sageworks loan origination system.

Responsibilities

Analyze the financial information on existing and potential members to assess the borrower’s and guarantor’s financial condition and ability to repay a loan request.
Investigate all available sources of credit and financial information including reporting services and credit bureaus.
Understand the market(s) and industry in which the member does business and assess the collateral pledged as security.
Prepare and present financial information, industry data, economic influences and other market information in the required format and analyze in detail trends, ratios, cash flow, etc.
Prepare approvals which are accurate and insightful, which identify and examine risks, analyze sources of repayment, cite policy exceptions and evaluate collateral.
Monitor an existing commercial (real estate and C&I) loan portfolio to ensure proper risk ratings and early identification of potential problems.
Conduct a daily review, approval and disposition of commercial overdrafts.
Follow MBL procedures and policies to ensure loans are underwritten and within proper guidelines.
Ensure compliance with all federal and state laws and regulations, including the Bank Secrecy Act, Patriot Act, and Office of Foreign Asset Controls, and should request legal interpretation as necessary.
Perform other duties as assigned.