Senior Commercial Credit Analyst

LMCU • Grand Rapids, MI

1d • Onsite

About The Position

The Senior Commercial Credit Analyst role is responsible for assessing the risk(s) of commercial loan requests, managing the administrative requirements of a commercial loan portfolio, train and mentor junior credit analyst(s), and assisting fellow credit and lending staff with commercial loan requests while adhering to the Credit Union’s Member Business Loan Policy. The Senior Commercial Credit Analyst will also from time-to-time be assigned special credit specific projects to manage and complete.

Requirements

• 5+ years of commercial lending underwriting experience.
• Bachelor’s degree in Business Administration, Finance, Economics or other related business study strongly preferred.
• Strong working knowledge of Microsoft Word and Excel is required.
• Must possess the ability to prepare written reports and present formal presentations.

Nice To Haves

• Database experience preferred.

Responsibilities

• Gather and analyze financial data such as income growth, budgets, projections, cash flow, quality of management, and industry information to determine extension of credit and risks around extension of credit.
• Assist commercial loan officers with the structuring of loans, keeping with established regulations and policies.
• Provide commercial loan officers with pertinent questions pertaining to the Borrower/Proposed Borrower and the subject loan request(s).
• Provide feedback, when necessary, regarding the Member Business Loan policy and procedures. This includes preparing formal requests to waive regulations when required by loan structure.
• Maintain administrative tracking reports to include: financial statements, covenants, and borrowing base tracking.
• Collect and review updated financial information from existing Borrowers to reassess risk grades and for detection of any potential credit deterioration.
• Assist in maintenance of the commercial lending referral system to include communicating with potential borrowers regarding loan structures, desired types of loans, and required information needed to consider a loan request.

Benefits

• Weekly Pay
• Comprehensive Health & Wellness package including Medical (with prescription coverage), Dental, and Vision
• Matching Health Savings Account Contributions, Dependent Care flexible spending account (FSA)
• Retirement options like 401 (k) with company match and pension
• Paid time off: Vacation, Personal days, paid holidays, paid volunteer time, sick days, & flex time
• Tuition reimbursement

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 1,001-5,000 employees