Responsible for analyzing business loan requests to develop thorough and objective credit presentations while ensuring the bank’s lending policies are followed. Includes analysis of business and personal cash flow and financial statements, comparison with industry trends and/or projections, understanding of collateral requirements and reviewing collateral valuations. These responsibilities also include establishing necessary monitoring reminders to ensure financial requirements are followed. Primary focus will be on preparing credit presentations for lender approval authority requests, renewals, and Treasury Management credit presentation requests. Completing financials spreads and updating financial ticklers.
Expected Outcomes
- Credit presentations are prepared and analyzed to ensure a high quality, accurate assessment of the credit can be determined that identifies strengths and weaknesses of the request.
- Timely credit presentations are prepared and analyzed for renewals excluding the top 25% of the portfolio
- Treasury management requests for ACH and Remote Deposit Capture review are prepared to ensure additional extensions of credit can be supported by the member.
- Annuals reviews are completed in the first 10 months of the year to allow the credit union to foresee any potential risk of loss
- Financial documents are received, spread, and reviewed; where applicable, credit concerns are noted and escalated.
- Ticklers are updated for the next review period. Ticklers are removed on paid off loan relationships.
Capability Requirements
- Bachelor's degree in finance, Accounting, Economics, or related field of study.
- Two or more years of experience working for a financial institution; or combination of applicable work experience and education
- Solid understanding of financial statements including but not limited to tax returns, profits & loss statements, balance sheets and other business financials.
- Awareness of laws and regulations that govern lending and accounting practices.
- Professional well developed interpersonal and communication skills essential for interacting with credit union staff and members.
- Ability to work effectively in a team-based environment with a variety of personalities.
- In-depth mathematical skills required (calculations and concepts involving decimals, percentages, fractions, dividend, interest, payoff, and equity calculations etc.).
- Strong attention to detail with the ability to work efficiently and accurately under pressure and meet deadlines.
- Ability to plan, prioritize and organize work effectively; make and carry out logical decisions.
- Working knowledge of Microsoft Word, Outlook, and intermediate knowledge of Excel.
The above information in this description has been designed to indicate the general nature and level of work performed by employees in this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all outcomes, responsibilities and qualifications required of employees assigned to this job.
Additional Information
- Physical Demands of Position: While performing the duties of this position, the employee is required to sit, stand and walk, and use hands and fingers. The employee occasionally must reach above and below shoulder level, and lift/push/pull and /or carry up to 10 pounds.
- Environmental/Working Conditions: Works in a typical administrative setting with climate control and appropriate lighting. Travel to branches requires exposure to outdoor and traffic conditions.
- Equipment Used: Variety of office equipment (telephone, printer, pc, mobile devices, etc.).
EEO Statement: At Summit Credit Union, we are committed to providing Equal Employment Opportunity regardless of race, color, religion, sex, age, national origin, disability, military and veteran status, sexual orientation, gender identity, marital status or any other characteristic protected by local, state, or federal law. We embrace diversity and believe that inclusion is critical to our success as a credit union. Different makes us better. Employment decisions are made based on qualifications, merit, and business needs.
Equal Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThis employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
Skills Required
- Bachelor's degree in finance, accounting, economics, or a related field
- Two or more years of experience working for a financial institution, or an equivalent combination of applicable work experience and education
- Solid understanding of financial statements, including tax returns, profit and loss statements, balance sheets, and other business financials
- Awareness of laws and regulations governing lending and accounting practices
- Professional interpersonal and communication skills for interacting with credit union staff and members
- Ability to work effectively in a team-based environment
- In-depth mathematical skills, including calculations involving percentages, interest, payoff, and equity
- Strong attention to detail and ability to work accurately under pressure and meet deadlines
- Ability to plan, prioritize, organize work, and make logical decisions
- Working knowledge of Microsoft Word and Outlook, and intermediate knowledge of Microsoft Excel
What We Do
The Summit Federal Credit Union is a not-for-profit, member-owned financial cooperative serving members in Central New York, the Finger Lakes Region and Western New York. It offers a full range of affordable financial products and services, along with savings options, banking advice and neighborly support to help members achieve financial goals. The organization also emphasizes serving diverse communities and supporting local nonprofit organizations.
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