Commercial Lending Analyst
About The Position
TFed Credit Union is seeking a Commercial Lending Analyst to monitor the Commercial Lending portfolio, support Commercial Lenders, collaborate across departments to manage risks, and provide guidance. The role involves monitoring commercial loans and relationships, gathering borrower documentation for annual reviews, tracking reportable items, maintaining management reports, and informing lenders and management about problem loans. The analyst supports new loan requests by helping lenders collect and analyze documentation, ensuring documentation and risk ratings are accurate before closing, and informing the underwriter and management of policy exceptions. The position also involves evaluating modification requests, tracking construction loan disbursements, working with Collections on delinquent loans, preparing reports, taking member loan applications for Commercial Loan Officer review, and responding to member questions and concerns. The employee must maintain knowledge of state and federal laws and practices related to Commercial Lending.
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 in accordance with regulatory and policy expectations.
- Gather borrower documentation for annual reviews, track reportable items, and maintain reports for management.
- Inform lenders and management of problem loans.
- Assist lenders with collecting documentation for new loan requests and analyze the documentation.
- Ensure accurate documentation and risk ratings are completed before loan closing.
- Inform the underwriter and management of policy exceptions.
- Evaluate modification requests, track construction loan disbursements, and work with Collections to manage delinquent loans.
- Complete reporting as 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
Education Level
High school or GED
