Commercial Credit Analyst

Vibrant Credit Union • Moline, IL

5d

About The Position

Position Overview: The Commercial Credit Analyst works directly with existing members to develop and cultivate relationships, while driving deposit and loan opportunities. Analyze and deliver individual business service needs, track, and report results, while providing an exceptional experience and driving the strategy of the credit union.

Requirements

• Four-year degree in Business, Accounting, Finance, or related field
• 3-5 years commercial experience or training, preferred
• Prior experience working for financial institution, desirable
• Working knowledge of commercial systems and regulatory compliance
• Basic knowledge of tax returns, financial documents, and cash flow models
• Working knowledge of MS Suite
• Active supporter of Vibrant’s core value

Nice To Haves

• 3-5 years commercial experience or training, preferred
• Prior experience working for financial institution, desirable

Responsibilities

• Analyzes and interprets complex financial data.
• Promptly prepares summary reports on findings. Verifies accuracy of information and completeness of analysis/ratios. Understands and is familiar with financial documents and schedules.
• Reviews assigned risk grades on all commercial, small business and SBA loans. Confirms or changes the grade at initial review or annual review.
• Prepares comprehensive and accurate credit approval recommendations, online credit renewals and other basic loan transactions, addressing member borrowing needs, sources of repayment, loan structure and significant issues regarding member business loan applications.
• Reviews loan documents prior to borrower signings for accuracy and post signing for proper execution to ensure adequate enforceability of company's position for new and existing loans reviewed. This includes loan details, document review, financial copies, approvals, etc.
• Monitors and requests required financials from members for existing loans to complete annual reviews and covenant monitoring requirements.
• Interfaces with members and business staff in a timely manner.
• Maintains excellent member relations, provides services, and cross sells credit union products.
• Possesses thorough knowledge of credit union policies and procedures and of laws pertaining to loan processing and disclosures.
• Make recommendations regarding loan structure and credit worthiness.
• Stays abreast of all current business lending and disclosure laws or regulations which are enacted or revised and concern financial institutions.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 251-500 employees