CREDIT ANALYST

Freedom Credit Union • Springfield, MA

10d • $55,000 - $72,000 • Onsite

About The Position

The Credit Analyst performs credit analysis on all Member Business Loans under the general supervision of the Commercial Credit Manager and in accordance with established policies and procedures. This is an on-site position in Springfield, MA.

The role analyzes loan applications and prepares written credit presentations, assesses collateral, recommends loan viability and risk, reviews existing portfolio accounts, spreads financial statements, and assists with portfolio tracking systems. The position may require work outside scheduled hours to respond to position issues.

Requirements

• Bachelor of Science degree in business or a related field.
• Minimum of 1–3 years of relevant experience.
• Understanding of accounting principles.
• Knowledge of business and personal financial statements.
• Strong analytical and underwriting skills.
• Ability to use Microsoft Word and Excel extensively.
• Strong written and oral communication skills.
• Organizational skills and ability to prioritize, manage multiple responsibilities, and meet deadlines.
• Proficiency in financial analysis software.
• Ability to work outside scheduled hours to respond to position issues.

Responsibilities

• Perform thorough financial, cash flow, ratio, and trend analyses for each Member Business Loan application.
• Prepare objective, comprehensive written credit presentations that assess strengths and weaknesses while adhering to Member Business Loan Policy standards.
• Determine collateral adequacy, considering asset availability and familiarity with real estate appraisal and environmental regulations.
• Recommend the viability and risk of new loans or relationships to the Commercial Credit Manager.
• Perform annual reviews of the existing portfolio using updated financial information, including reviewing covenant adherence and risk-rating appropriateness.
• Spread financial statements.
• Assist with portfolio tracking systems.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level