Credit Analyst

Posted 9 Days Ago
Be an Early Applicant
06473, North Haven, CT, USA
In-Office
52K-78K Annually
Mid level
Insurance • Financial Services
The Role
Processes, evaluates, underwrites, and approves indirect consumer loans while ensuring regulatory and policy compliance. Analyzes credit information, reviews portfolios for credit risks, maintains accurate loan documentation and system records, supports dealer relationships, and helps develop lending policies, procedures, and dealership training programs.
Summary Generated by Built In

Looking to make a meaningful impact on your community? At Connex Credit Union, we’re seeking passionate and diverse individuals who are driven to help improve the financial well-being of others.

At Connex, you’re more than an employee, you’re part of a team that values trust, collaboration, and delivering exceptional service. With a strong history of success and a commitment to our employees, members, and communities, we continue to grow while creating opportunities for our team members to thrive.

If you’re looking for a rewarding career where you can make a difference, grow professionally, and be part of an inclusive organization, we encourage you to join us on our mission.

What we offer:

• Competitive compensation
• Medical, Dental, and Vision coverage
• Paid time off
• 401(k) plan with company match
• Tuition reimbursement opportunities
• Opportunities to participate in community outreach and make a local impact

Join a team where your work matters and your contributions make a difference.


 

Description

This position is responsible for processing, evaluating, analyzing and approving (or recommending approval/denial if outside of authority) all indirect loans. Conducts complete credit analyses including gathering, analyzing and interpreting credit information on existing and prospective customers.  Reviews customer accounts and portfolios to identify, evaluate and determine the appropriate course of action on potential credit quality issues in order to maximize credit quality and minimize risk and potential loss to Connex.  Develop dealership training programs to facilitate loan processing.

 

Essential Functions and Responsibilities: Includes the following and other duties may be assigned.

  1. Responsible for quality underwriting of indirect loans and that all loans are processed in accordance with all State and Federal laws and regulations, and Connex’s policies and procedures.
  2. Responsible for timely callbacks to dealers on credit applications submitted.
  3. Responsible for proper compliance review (when applicable) of documents and loan packages submitted for loan funding.
  4. Responsible for accurate entry of all loan level data into systems.
  5. Assists with the management of automobile dealer relationships to maximize value to members and Connex.
  6. Reviews overall loan activities and assists in development of methods and procedures to improve effectiveness.
  7. Responsible for accurate and clear notations of any exceptions to internal loan policies in loan files.
  8. Assists the Senior Credit Analyst and VP of Indirect Lending in the development and implementation of dealer training programs, lending manual and policy manuals and the like in support of indirect lending directives.

 

Performance Measurements (if applicable):

 

Qualifications and Requirements:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Well-rounded knowledge of the credit union and or lending industry, regulations and operation.
  • Four or more year’s consumer or indirect lending experience required.
  • Bachelor’s degree in business administration or related field preferred or equivalent experience.
  • Strong organizational skills. 
  • Ability to clearly and effectively communicate verbally and in writing.
  • Ability to problem solve in a concise, logical and timely manner.
  • Knowledge of loan origination and loan portal (Dealertrack, Route One and CU Direct) software.
  • High degree of honesty and integrity.
  • Continued education through selected training courses.
  • After hours required.
  • Microsoft 365 skills including Excel, Word and PowerPoint; Basic knowledge of Excel
  • Some weekend, bank holiday and evening hours required.

 

 

Skills Required

  • Well-rounded knowledge of the credit union and/or lending industry, regulations, and operations
  • Four or more years of consumer or indirect lending experience
  • Bachelor’s degree in business administration or a related field, or equivalent experience
  • Strong organizational skills
  • Clear and effective verbal and written communication skills
  • Concise, logical, and timely problem-solving ability
  • Knowledge of loan origination and loan portal software, including Dealertrack, Route One, and CU Direct
  • High degree of honesty and integrity
  • Continued education through selected training courses
  • Microsoft 365 skills, including Excel, Word, and PowerPoint; basic Excel knowledge
  • Availability for after-hours, weekend, bank holiday, and evening work
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The Company
HQ: North Haven, CT
134 Employees
Year Founded: 1940

What We Do

Connex Credit Union is one of Connecticut's largest credit unions, headquartered in North Haven. With assets nearing $1 billion and over 70,000 members across eight branches, it offers a complete range of financial products and services. The organization is dedicated to improving the financial well-being of its members, employees, and the communities it serves through personalized assistance and knowledgeable staff.

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