Commercial Credit Analyst

Elevations Credit Union • Broomfield, CO

22h • $71,973 - $89,966 • Hybrid

About The Position

Responsible for supporting Commercial and Business Lending by analyzing lending opportunities, recommending appropriate credit structures, preparing credit memos and monitoring existing credits. Day to day work will include credit analysis and other business and commercial underwriting and monitoring functions. The Commercial Credit Analyst is also a key position that has input on improvements to our procedures and processes which will enhance internal collaboration and result in a great member experience. The incumbent will also help ensure adherence to all Federal and State laws and regulations applicable to the Credit Union.

Requirements

• Bachelors degree in finance, accounting, business management or closely related field or equivalent experience.
• 3+ years of experience with commercial credit analysis or closely related position.
• Excellent verbal, written and interpersonal communication skills.
• Strong analytical, problem solving and decision-making skills.
• Strong attention to detail and excellent organizational skills; ability to manage multiple priorities and deadlines.
• Must be proficient in MS Office (Outlook, Excel, Word, etc.).
• Good working knowledge of state and federal regulations, lending standards, financial products, and credit union operations.
• Strong familiarity with financial concepts and analytical frameworks, to include DSCR, global cash flow, key performance indicators, etc.

Nice To Haves

• Commercial and business underwriting training is preferred.
• Experience with common financial institution technologies is a plus, including Abrigo, Jack Henry, imaging software, and Synergy.

Responsibilities

• Analyzes business and commercial credit opportunities and prepare written credit memos for new lending opportunities, renewals, modifications, etc.
• Conduct financial analyses of personal, business, and commercial tax returns and financial statements, collateral, cash flows, real estate schedules, pro forma statements and A/R agings.
• Evaluates key financial metrics to include, but not limited to, cash flow, debt service coverage, leverage, liquidity, collateral loan to values, risk analysis, etc.
• Generates quality credit memos for credit committee with all necessary accurate, thorough and thoughtful supporting documentation.
• Assist with managing the commercial loan portfolio to include, but not limited to, document tracking, reporting, and covenant monitoring.
• Assists members and internal departments with research and resolution of problems relating to business services commercial lending products, including support to Business and Commercial Lending teammates as needed.
• Ensures the integrity of loan origination and review processes by validating accurate loan data and confirming recommendations align with lending policies and all applicable Federal and State laws and regulations governing the Credit Union, including the Bank Secrecy Act (BSA).
• Partners with the internal Business Intelligence, IT, and other supporting teams to deliver and communicate critical performance data related to commercial products and services and other technology initiatives and enhancements.

Benefits

• A competitive total rewards package with 4 weeks paid time off for full-time employees, work anniversary paid time off, paid volunteer time off, and 12 paid holidays
• Comprehensive medical, dental, and vision plans with employer contributions to supercharge your Health Savings Account
• Up to a 4% match on 401(k) contributions
• Up to twelve weeks of fully paid parental leave
• An extensive Employee Assistance Program that provides personalized care options for your whole household
• Ample opportunity to learn, develop and grow with access to LinkedIn Learning, career and leadership development programs, job shadowing, a mentor program, and tuition reimbursement up to $5,250/year

What This Job Offers

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