SBA/Commercial Credit Analyst I

Redwood Credit Union•Napa, CA

5d•Onsite

About The Position

Redwood Credit Union is seeking an SBA/Commercial Credit Analyst I to prepare SBA and commercial loan applications, ensuring adherence to the Credit Union’s underwriting guidelines and influencing credit quality. The role involves drafting loan recommendations based on financial analysis, assisting with loan portfolio administration, and developing a thorough understanding of SBA lending procedures and Standard Operating Procedures (SOPs). The analyst will need a working knowledge of SBA and commercial lending requirements, with a demonstrated ability to conduct research and analyze loan portfolios.

Requirements

Current knowledge of laws, rules and regulations pertaining to business lending and compliance.
Knowledge of all aspects of financial institution business services including lending methods, practices, and services.
Strong analytical skills to make sound credit decisions with some assistance.
Excellent written and verbal communication skills.
Flexibility and ability to prioritize and handle multiple tasks.
Ability to manage time effectively and work under deadlines and stress.
Knowledge of credit and interest rate economics.
Knowledge of asset, liabilities, credit dynamics in a business services lending environment.
Skill in the operation of a personal computer with word processing, spreadsheet and presentation software and Intra/Internet access.
Ability to work independently with some supervision.
Ability to problem solve using critical thinking to identify and resolve issues.
High school diploma and a minimum of two years of experience with commercial financial analysis or underwriting in SBA and/or business lending.

Responsibilities

Analyze credit worthiness, including review of tax returns, financial statements, credit reports, business plans, and other relevant information.
Prepare draft credit recommendation, risk rating recommendation, spreadsheets, and other approval documents.
Structure credit memos to best meet the Credit Union’s risk and profitability requirements while maintaining a competitive position in the marketplace.
Maintain contact with other credit administration team members through the loan closing process as needed, to ensure all conditions and loan requirements are satisfied, including regulatory compliance.
Perform periodic review of loans; maintains contact with Members and RCU team members as required.
Assist with portfolio review as assigned, review and prepare annual portfolio analysis.
Maintain a complete understanding of RCU credit policy and guidelines with ability to research independently for unknowns.
Learn and gain understanding of SBA eligibility requirements under the SBA 7(a) and 504 guaranteed loan programs, with ability to research independently.
Ensure compliance with pertinent government rules and regulations.
Manage file through underwriting and approval process, working with loan officer, credit staff, Members, and outside service providers throughout process.
Provide exceptional service to all Members, volunteers, internal team members and service providers.
Respond to credit inquires.
Call Members to request financial information or documentation, as required.
Answer Member questions as they relate to Business Service deposits and loans.

Benefits

Competitive medical, dental, and vision insurance, mental health offerings
Employee performance incentive plan
Salary Advancement– Merit increase based on performance
401(k) program with employer match
Competitive PTO accrual plus 11 paid company holidays and your birthday off!
RCU employees are eligible for a .75% discount off RCU standard collateral auto loans
RCU employees are eligible for a 1% discount on all recreational or boat loan products
2% discount off Visas and LOC Loans through RCU
0% interest loan to support employees with various immigration related expenses such as visa application fees and relocation costs. Loan amount up to $1,000.
0% interest loan to support employees with expenses associated with the naturalization process. Loan amount up to $15,000.
0% interest on garment, fitness, or home office equipment loan of up to $500
100% financing for employee purchased homes!