Vice President, Credit Analyst

Lafayette Federal Credit Union • Rockville, MD

1d • Hybrid

About The Position

As we continue to grow, we are on the lookout for exceptional talent to join our dynamic team. At Lafayette Federal Credit Union, we pride ourselves on our commitment to excellence and our reputation as an employer of choice. We believe that the dedication and skills of our team members are crucial to achieving our mission of becoming the premier financial partner for our community. Your potential contributions are invaluable, and we are excited to welcome new team members who share our passion for innovation and high performance.

We are currently seeking a Vice President, Credit Analyst to be responsible for evaluating and assessing the creditworthiness of commercial loan applicants. This role involves analyzing financial statements, conducting industry research, communicating with commercial loan applicants, and preparing credit memos that guide loan approval decisions. The ideal candidate will have a strong background in financial analysis, a keen eye for detail, and a deep understanding of credit risk assessment.

Requirements

• Ten years to fifteen years of similar or related experience
• Strong understanding of financial products, credit analysis, and risk management principles.
• Proficiency in Microsoft Office suite for documentation, analysis, and reporting purposes
• Ability to analyze complex financial information and make sound business decisions
• Strong problem solving and analytical skills to assess loan risks and opportunities.
• (1) A bachelor's degree, or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree (e.g., information technology certifications in lieu of a degree).
• Work involves extensive personal contact with others and is of a personal or sensitive nature. Motivating, influencing, and/or training others are key at this level. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others.
• Experience in managing relationships with small to mid-sized commercial members.
• Ability to work independently in a fast-paced work environment.
• Working knowledge of loan and collateral documentation
• Excellent communication, negotiation and interpersonal skills, written and verbal
• Knowledge of CRE, Small Business Administration, Government Contract and Asset based lending.

Responsibilities

• Financial Analysis:
• Analyze financial statements, including tax returns, balance sheets, income statements, and cash flow statements, to assess the financial health of businesses.
• Evaluate the borrower’s credit history, financial performance, and ability to repay loans.
• Conduct ratio analysis, trend analysis, and cash flow projections to support credit decisions.
• Credit Risk Assessment:
• Identify potential risks associated with commercial loan applications and make recommendations to mitigate those risks.
• Assess the adequacy of collateral and determine loan-to-value ratios.
• Monitor economic and industry conditions that could impact borrowers’ ability to repay loans.
• Experience analyzing CRE, Small Business Administration, Asset Based, and Government Contract Lending requests.
• Credit Memo Preparation:
• Prepare detailed credit memos that summarize financial analysis, risk assessment, and recommendations for loan approval or denial.
• Present credit findings to loan committees or senior management for review and decision-making.
• Ensure that all credit analysis complies with the bank’s policies and regulatory requirements.
• Portfolio Monitoring:
• Regularly review and monitor the performance of existing loans in the portfolio, identifying early warning signs of potential credit issues.
• Work with relationship managers and loan officers to address any concerns or risks within the portfolio.
• Update credit files and documentation to reflect current financial conditions and risk assessments.
• Collaboration and Support:
• Collaborate with loan officers, relationship managers, LFCU Members, and other team members to gather necessary information for credit analysis.
• Provide guidance and support to junior analysts or interns as needed.
• Participate in training and professional development opportunities to stay current with best practices in credit analysis.
• Market and Industry Research:
• Conduct research on specific industries, markets, and economic trends to support credit analysis and lending decisions.
• Stay informed about changes in regulatory requirements that may affect credit risk management.

Benefits

• Employer paid (99.9%) health insurance premium for single and family coverage (HMO Plan)
• Fully funded deductible (HMO Plan)
• 401k employer matching contribution
• Income protection with life insurance, short and long-term disability
• Paid time off, holiday leave & birthday leave
• Educational assistance
• Commuter benefits program and more!

What This Job Offers

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