Credit Analyst I

RALLY CREDIT UNION•McAllen, TX

7d•Onsite

About The Position

The Credit Analyst I performs commercial business credit underwriting and detailed evaluations of applicants’ financial histories, projections, and statements. The role analyzes business plans, financial information, and creditworthiness to support lending decisions. The analyst works alongside commercial lenders, interviews current and prospective members requesting member business lending services, and coordinates loan packages for approval decisions. The position evaluates financial statements, tax returns, and other member business information to assess repayment ability and business viability and status. It also reviews appraisals, collateral, debt service, covenants, documentation, and regulatory and policy compliance. The analyst compiles and presents loan packages, identifies lending risks and mitigating strategies, and makes recommendations. Site inspections and other collateral evaluations may be conducted to support compliance, approvals, and lien perfection. The role also safeguards member business financial and personal information and follows applicable compliance requirements, including BSA, AML, OFAC, CIP, and MDD, with annual BSA/AML training. The position reports to the Vice President of Credit and has frequent contact with commercial lenders, management, and current and prospective members, in person, electronically, and by telephone. It requires a bachelor’s degree, strong communication and analytical abilities, computer proficiency, and the ability to travel independently and work extended hours as required.

Requirements

Bachelor’s degree from an accredited university.
Proficiency with Microsoft Office software, particularly Excel, Word, and PowerPoint.
Ability to learn the credit union member data system and phone system.
Valid Texas driver’s license, means of transportation, and ability to travel independently.
Ability to complete mandatory ongoing training and assigned development sessions; travel for training may be required.
Strong written and verbal communication skills.
Strong analytical, organizational, and problem-solving skills, with the ability to multitask in a deadline-driven environment.
Ability to work extended hours as required.

Nice To Haves

Bachelor’s degree in finance or a business-related field preferred.
Financial institution and/or accounting experience preferred.
Bilingual ability preferred.

Responsibilities

Work alongside commercial lenders and interview current and prospective members requesting member business lending services.
Coordinate and finalize loan packages with lenders for approval decisions.
Analyze financial statements, tax returns, and other member business information to assess repayment ability, business viability, and business status.
Review appraisals and ensure compliance with governing regulations and internal policies.
Compile and present loan packages for approvals and reviews, providing opinions to support loan decisions.
Protect the credit union’s interests through adequate documentation and adherence to applicable policies, laws, and regulations.
File pertinent documents to safeguard member business financial and personal information.
Identify and evaluate lending risks, suggest mitigating strategies, and provide recommendations.
Evaluate collateral and compliance with debt service requirements and covenants.
Conduct site inspections and evaluations of collateral items as needed to ensure regulatory and approval compliance and lien perfection.
Follow applicable compliance requirements, including BSA, AML, OFAC, CIP, and MDD, as they relate to the position.
Complete annual BSA/AML compliance training.
Complete other duties as assigned.