Credit Analyst
About The Position
Spreads financial statements and provides analysis accordingly. Performs credit analysis for all business loan requests, both internally and participations. Assesses credit risks and identifies mitigating factors. Provide knowledge and expertise on establishing and maintaining the member business loan policies and procedures. Assist in developing business loan products and structures and works with IT to establish the products on our core system. Recommend new business loan products and business deposit products on an ongoing basis. Completes annual reviews for all business loan relationships. Identifies and mitigates any loan policy exceptions. Provides recommendations regarding loan structure, including establishing loan covenants. Maintains risk rating standards and recommends appropriate risk ratings for business loans. Performs all aspects of loan processing which include payment processing, review of loan documents and monthly maintenance of business loans as needed. Ensures approved and funded business loans are properly documented, liens perfected, and all paperwork properly completed. Recommend loan alternatives for business members, as necessary.
Requirements
- Proven and demonstrated knowledge with lending practices, underwriting standards, and regulatory requirements.
- Attention to detail, knowledge in risk analysis, quantitative analysis skills and documentation and organization skills.
- Ability to communicate effectively, multitask, and solve problems with sound reasoning.
- 5- 7 years of credit analyst experience.
Responsibilities
- Spreads financial statements and provides analysis accordingly.
- Performs credit analysis for all business loan requests, both internally and participations.
- Assesses credit risks and identifies mitigating factors.
- Provide knowledge and expertise on establishing and maintaining the member business loan policies and procedures.
- Assist in developing business loan products and structures and works with IT to establish the products on our core system.
- Recommend new business loan products and business deposit products on an ongoing basis.
- Completes annual reviews for all business loan relationships.
- Identifies and mitigates any loan policy exceptions.
- Provides recommendations regarding loan structure, including establishing loan covenants.
- Maintains risk rating standards and recommends appropriate risk ratings for business loans.
- Performs all aspects of loan processing which include payment processing, review of loan documents and monthly maintenance of business loans as needed.
- Ensures approved and funded business loans are properly documented, liens perfected, and all paper work properly completed.
- Recommend loan alternatives for business members, as necessary.
Benefits
- Education/Scholarship Assistance
- Training/Career Development Programs
- Mentor Program
- PTO & 13 Paid Holidays
- Pension & 401k Retirement Plans
- Health/Dental/Vision Insurance Plans
- Flex Spending Account & Health Reimbursement Arrangement
- Employer Paid Life & Voluntary Life Insurance
- Employer Paid Short-Term & Long-Term Disability
- Accident, Critical Illness, & Hospital Confinement Plans
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
