Indirect Credit Analyst I

Cpcu/Sfcu•Norwich, CT

5d•$31•Onsite

About The Position

The Indirect Credit Analyst I is responsible for reviewing and analyzing loan applications submitted through the indirect lending channel. This role assesses applicant creditworthiness using established underwriting guidelines, credit bureau data, and supporting documentation to determine appropriate loan decisions, including approval, decline, or counteroffer. The Indirect Credit Analyst I works under moderate supervision while developing foundational knowledge of consumer credit risk, indirect lending policies, and regulatory compliance requirements.

Requirements

Bachelor's degree (B. A.) from four-year college or university, two to three years related experience and/or training; or equivalent combination of education and experience.
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
Ability to write reports, business correspondence, and procedure manuals.
Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
Ability to analyze Federal tax returns.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.
Basic understanding of NCUA and other applicable operating regulations, and various changes in laws.

Responsibilities

Review and evaluate loan documentation to ensure loan conditions meet Credit Union lending standards and requirements.
Assess applicants’ income, employment, and financial condition to determine whether to approve, counteroffer, decline, or request additional information when necessary.
Make sound underwriting decisions in accordance with the Credit Union’s lending guidelines to support profitability, minimize loan losses, and grow the indirect lending portfolio.
Determine applicant creditworthiness by reviewing credit reports and evaluating key metrics such as debt-to-income and loan-to-value ratios.
Respond promptly and efficiently to dealership and internal requests while demonstrating strong communication and member service skills.
Review and process incoming dealership funding packages to ensure documentation is complete, accurate, and ready for timely funding.
Work directly with dealerships to obtain all required contracts and supporting documentation to prevent or resolve funding delays quickly and efficiently.
Educate members on available Credit Union products and services and promote offerings that align with their financial goals when appropriate.
Ensure adherence to all applicable regulatory requirements including, Fair Lending, Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC), and any other applicable federal, state, or regulatory requirements.
Maintain compliance with all Credit Union policies, procedures, and regulatory guidelines.
Provide occasional weekend (Saturday), holiday, or after-hours support to accommodate dealership partners operating outside standard business hours.
Perform additional duties and responsibilities as assigned by management to support the overall success of the indirect lending program.