Commercial Credit Analyst

Description

Position Summary

Evaluate the creditworthiness of businesses or individuals applying for various types of business and commercial credit, including, but not limited to, credit cards, lines of credit, real estate, and equipment. Responsible for financial analysis, risk assessment, and evaluating financial health and stability of businesses applying for credit with First Alliance Credit Union. Loan decisions will be made in alignment with the Credit Union’s policies, best practices, and regulatory requirements.

Essential Functions

1.     Decision Making:

a)     Conduct comprehensive analysis of financial statements, tax returns, credit reports, bank statements, and other relevant documents to evaluate the creditworthiness of business and commercial applicants.

b)     Assess business performance, cash flow trends, rent rolls, profitability, physical site inspection reports, and overall financial health to determine repayment capacity and risk exposure.

c)     Evaluate borrower profiles, industry trends, collateral valuations, and risk factors to determine suitability of loan requests and recommend appropriate loan structures and terms.

d)     Identify potential red flags, anomalies, or areas of concern that may impact credit decisions and recommend appropriate mitigating actions.

2.     Risk Assessment

a)     Conduct thorough risk ratings on loan applications, considering factors such as borrower credit history, financial stability, cash flow projections, collateral quality, and other various factors.

b)     Identify potential risks, mitigating factors, and deviations from credit policy standards, and provide recommendations for risk mitigation or alternative solutions.

c)     Utilize quantitative models, scoring techniques, and risk management tools to quantify credit risk and establish appropriate credit limits and terms.

d)     Conduct periodic reviews on loan relationships and segments within applicable lending areas within a timely manner. These reviews may include independent review of loans for confirmation of compliance to internal policies, procedures, authorities, appropriate and updated risk ratings, regulatory requirements, loan documentation accuracy and data integrity.

3.     Loan Structuring, Documentation, and Reports

a)     Assist in structuring loan proposals, including determining appropriate loan amounts, interest rates, collateral requirements, and repayment terms, in accordance with Credit Union policies and regulatory guidelines.

b)     Ensure accurate and complete loan analysis in accordance with Credit Union policies and regulatory guidelines.

c)     Ensure accuracy and completeness of underwriting documentation, including credit memos, risk assessments, and loan approval summaries in accordance with internal policies and regulatory standards.

d)     Required reports are accurate, complete, and timely.

4.     Communication and Collaboration

a)     Collaborate with loan officers, credit analysts, and any third-party vendors to discuss risk findings, resolve underwriting issues, and make informed lending decisions.

b)     Collaborate/assist Loan Processors to ensure a smooth member experience as it pertains to applying, obtaining documentation, the loan process, and document prep.

c)     Build and maintain positive relationships with internal and external members.

d)     Consistently provide appropriate feedback and recommendations to management to address any issues identified through the applications process from time of application to funding.

e)     Communicate recommendations, with rationale and conditions, to appropriate staff and management in a clear and timely manner.

f)      The Credit Union’s professional reputation is conveyed and maintained.

g)     Collaborate with Management to create and update policies, guidelines, and procedures relevant to the Commercial Lending Program.

 Pay and Benefits

$25.34 per hour

There may be an increase of base pay based on skills and experience.

Benefits include: 401(k), 401(k) Matching, Dental Insurance, Employee Assistance Program, Employee Discount, Health Insurance, Health Savings Account, Life Insurance, Paid Time Off and Vision Insurance.

Requirements

Competencies

The attributes listed below are representative of the knowledge, skills and/or abilities required.

• Bachelor’s Degree in Business or Finance.
• 3+ years of industry experience in lending at a full-service financial institution, with at least one of those years with business lending.
• One year of commercial loan underwriting, credit analysis, and/or loan processing is