Credit Analyst (Commercial Underwriter)

CCU • Lake Forest, IL

1d • $61,470 - $92,206 • Hybrid

About The Position

At Consumers Credit Union, we’re not just “The People in Your Corner,” we’re a certified Great Place to Work! We're currently looking for a Credit Analyst to join the Commercial Lending Team. Unlike other Credit Unions or smaller banks, CCU puts a focus on growing our membership and business in the Commercial Lending space. If focusing on people over shareholder returns resonates with you and you bring strong analytical skills to evaluate commercial loans, then please keep reading! Location/Schedule: Hybrid schedule with 2-3 days/week at our corporate office in Lake Forest, IL. Local Northern IL/Southeast WI candidates only! What you'll do in this role: As a Credit Analyst, you will manage and monitor existing commercial portfolio with an emphasis on customer service, risk management and financial reporting requirements. Evaluate financial information, business risks and providing credit recommendations. Provide analysis of financial information in conjunction with requests for existing commercial portfolio. You'll also participate in the annual member business loan review process for existing commercial portfolio. Prepare credit presentations, track financial statements and submit credits for underwriting for existing commercial portfolio.

Requirements

• At least 2 years of experience as a Commercial Credit Analyst/Commercial Underwriting in a Credit Union or Bank.
• Formal credit trained with an emphasis on fundamental best practices and various cash flow types.
• Professional verbal and written communication skills.
• Excellent attention to detail, analytical, problem solving, and follow up skills.
• Self-directed and independent worker.
• Advanced proficiency with financial analysis tools.

Nice To Haves

• A relevant Bachelor’s Degree (such as Accounting or Finance) is preferred but not required. We're putting more weight on formal Commercial Analyst/Underwriting experience in Real Estate specifically.
• Experience with nCino loan origination system is preferred.

Responsibilities

• Managing, monitoring, and risk management of a portfolio of commercial real estate loan relationships including underwriting and annual loan reviews.
• Taking business and personal financial statements and spreading into financial statement management program.
• Conducting detailed analysis of the financial data and writing a related narrative outlining key information like the purpose of the loan, payment sources, collateral, risk rating, etc.
• Monitoring commercial loan files, ensuring completion of annual reviews and financial reporting requirements are met.
• Reviewing income approach in appraisals and reaching out to appraisers if there are questions.
• Working with members and third parties, such as accountants, to gain insights into financial practices and trends in a particular business.
• Collecting past due loans and actively work with members whose financial condition is performing negatively.
• Providing member support on loan or depository related questions or concerns and other products and services in a promote, consistent, and accurate manner.

Benefits

• Consumers Credit Union provides eligible employees an opportunity to participate in our medical (High Deductible, HMO and PPO), dental, vision, spending accounts, short-term disability, long-term disability, life insurance and other plans effective date of hire.
• You will be eligible to participate in the 401(k) savings plan at any time.
• You will be automatically enrolled in the pension plan following six months of employment and 1,000 hours of service and reaching age 20.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees