The Role
Evaluates the financial condition of individuals and businesses for commercial loan requests, renewals, and annual reviews. Spreads and analyzes business and personal financial statements and tax returns, performs covenant and borrowing-base testing, monitors commercial credit relationships, and makes preliminary underwriting recommendations. The role also participates in loan committee meetings, ensures underwriting and compliance requirements are met, and maintains knowledge of credit policies, procedures, and NCUA regulations.
Summary Generated by Built In
Liberty FCU, a full-service credit union, is seeking a Commercial Credit Analyst. This position could be located at 1200 Forest Bridge Road, Louisville, KY or at 4401 Theater Drive, Evansville, IN. Please note this is a non-remote position. The candidate must evaluate the financial condition of individuals and businesses through new loan requests, loan renewals, the annual review process, analyze and spread borrower and guarantor financials, as well as other duties as they apply. A bachelor’s degree in finance, accounting or related field preferred with 2-5 years' experience required. Strong attention to detail and analytical skills are required. If interested, please proceed by clicking Apply.
Duties and responsibilities include but are not limited to the following:
- Perform annual financial reviews for commercial relationships.
- Spread and analyze business tax returns, business financial statements, personal tax returns, personal financial statements for new and existing commercial loan relationships.
- Complete credit monitoring functions including spreading and review of financial statements, borrowing base and covenant testing, marketable securities and leveraged lending monitoring.
- Makes preliminary recommendation to Commercial Department Management.
- Attend and participate in loan committee meetings as required.
- Assures all basic underwriting guidelines are met.
- Develop a working knowledge of the Commercial Loan Policy and NCUA regulations regarding member business lending.
- Oversees and manages financial information in regard to appropriate compliance tracking.
- Maintains expertise in new and current analysis procedures.
- Maintains expertise in new and changing underwriting guidelines and industry regulations.
- Adheres to Credit Union credit standards and works constructively with and abides by credit department guidelines.
Competency/Skill Level:
- Excellent written and verbal communication skills.
- Working knowledge of Excel and Word.
- Analytical ability with strong attention to detail.
- Ability to meet deadlines.
- Initiative.
- Problem assessment and solving skills.
- Teamwork.
- Tolerance for stress.
- Practical learning skills.
- Personal development as established with manager. Annual training provided.
- Prior experience in credit analysis is preferred but not required.
Benefits and Compensation:
- Paid Holidays
- Paid Time Off (Vacation, Sick and Personal Days)
- Medical, Dental and Vision Insurance
- 401(k) retirement program with matching funds
- Employer paid Group Term Life Insurance, Short Term and Long-Term Disability Insurance
- Tuition Reimbursement Program
Liberty FCU is an Equal Opportunity Employer, Minority/Female/Disability/Protected Veteran.
Skills Required
- 2-5 years of professional experience
- Bachelor's degree in finance, accounting, or a related field
- Strong attention to detail and analytical skills
- Working knowledge of Microsoft Excel and Microsoft Word
- Excellent written and verbal communication skills
- Ability to meet deadlines
- Problem assessment and solving skills
- Teamwork skills
- Prior experience in credit analysis
- Knowledge of commercial credit analysis, underwriting guidelines, and financial statement analysis
- Ability to attend and participate in loan committee meetings
- Ability to work at the Louisville, Kentucky or Evansville, Indiana location; position is non-remote
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The Company
What We Do
Liberty Federal Credit Union is a member-owned financial institution serving individuals and communities in Indiana, Kentucky, and Tennessee. Its mission is to provide members financial products and services with the greatest financial return. Offerings include checking and savings accounts, mortgages, auto and home-equity loans, and HELOCs, supported by online and mobile banking and branch access across the region for everyday banking and borrowing needs.
