Commercial Credit Analyst 1

Summit Credit Union • Village of Cottage Grove, WI

8d • Onsite

About The Position

Responsible for analyzing business loan requests to develop thorough and objective credit presentations while ensuring the bank’s lending policies are followed. Includes analysis of business and personal cash flow and financial statements, comparison with industry trends and/or projections, understanding of collateral requirements and reviewing collateral valuations. These responsibilities also include establishing necessary monitoring reminders to ensure financial requirements are followed. Primary focus will be on preparing credit presentations for lender approval authority requests, renewals, and Treasury Management credit presentation requests. Completing financials spreads and updating financial ticklers.

Requirements

• Bachelor's degree in finance, Accounting, Economics, or related field of study.
• Two or more years of experience working for a financial institution; or combination of applicable work experience and education.
• Solid understanding of financial statements including but not limited to tax returns, profits & loss statements, balance sheets and other business financials.
• Awareness of laws and regulations that govern lending and accounting practices.
• Professional well-developed interpersonal and communication skills essential for interacting with credit union staff and members.
• Ability to work effectively in a team-based environment with a variety of personalities.
• In-depth mathematical skills required (calculations and concepts involving decimals, percentages, fractions, dividend, interest, payoff, and equity calculations etc.).
• Strong attention to detail with the ability to work efficiently and accurately under pressure and meet deadlines.
• Ability to plan, prioritize and organize work effectively; make and carry out logical decisions.
• Working knowledge of Microsoft Word, Outlook, and intermediate knowledge of Excel.

Responsibilities

• Prepare and analyze credit presentations to ensure a high quality, accurate assessment of the credit, identifying strengths and weaknesses of the request.
• Prepare and analyze timely credit presentations for renewals, excluding the top 25% of the portfolio.
• Prepare Treasury management requests for ACH and Remote Deposit Capture review to ensure additional extensions of credit can be supported by the member.
• Complete annual reviews within the first 10 months of the year.
• Receive, spread, and review financial documents; note and escalate credit concerns where applicable.
• Update ticklers for the next review period and remove ticklers on paid-off loan relationships.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level