Commercial Lending Analyst
About The Position
TFed Credit Union is seeking a Commercial Lending Analyst to monitor its Commercial Lending portfolio, support Commercial Lenders, collaborate across departments to manage risks, and provide guidance. The role includes monitoring existing commercial loans and relationships, collecting documentation for annual reviews, tracking reportable items, maintaining management reports, and notifying lenders and management about problem loans. The analyst reviews new loan requests, helps lenders collect and analyze documentation, and ensures accurate documentation and risk ratings are completed before closing. The position also involves identifying policy exceptions, evaluating modification requests, tracking construction loan disbursements, working with Collections on delinquent loans, and preparing requested reports. The analyst takes member loan applications for review by a Commercial Loan Officer, responds to members' loan-related questions and concerns, and maintains knowledge of applicable state and federal commercial lending laws and practices. This description outlines the general nature and level of the work and is not a comprehensive list of duties or qualifications. It does not create an employment contract; Taunton Federal Credit Union is an at-will employer.
Requirements
- One to three years of similar or related experience.
- Experience analyzing business financial statements and assessing business viability.
- High school diploma or equivalent.
- Excellent communication skills and the ability to interact professionally with borrowers, other departments, co-workers, and vendors.
- Proficiency with Microsoft Office and related software.
- Exceptional organizational skills, ability to prioritize, and attention to detail.
- Ability to work independently and in a team environment.
Nice To Haves
- Two-year degree or advanced certification.
- Experience in a credit union, banking, or financial business environment.
Responsibilities
- Monitor the existing commercial lending portfolio and relationships to meet regulatory and policy requirements.
- Gather borrower documentation for annual reviews, track reportable items, and maintain reports for management.
- Inform lenders and management of problem loans.
- Assist lenders in collecting documentation for new loan requests and analyze that documentation.
- Ensure accurate documentation and risk ratings are completed before loan closing.
- Inform the underwriter and management of policy exceptions.
- Evaluate modification requests and track construction loan disbursements.
- Work with Collections to manage delinquent loans and complete reports requested by management.
- Take member loan applications and prepare them for review by a Commercial Loan Officer.
- Assist members with loan-related questions and concerns.
- Maintain knowledge of state and federal laws and practices pertaining to commercial lending.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
