The Role
Analyze and spread financial statements, perform credit underwriting for business loans, assess and mitigate credit risks, maintain loan documentation and risk ratings, complete annual reviews, recommend loan structures and products, and ensure compliance with loan policies and lien perfection.
Summary Generated by Built In
- Spreads financial statements and provides analysis accordingly.
- Performs credit analysis for all business loan requests, both internally and participations.
- Assesses credit risks and identifies mitigating factors.
- Provide knowledge and expertise on establishing and maintaining the member business loan policies and procedures.
- Assist in developing business loan products and structures and works with IT to establish the products on our core system.
- Recommend new business loan products and business deposit products on an ongoing basis.
- Completes annual reviews for all business loan relationships.
- Identifies and mitigates any loan policy exceptions.
- Provides recommendations regarding loan structure, including establishing loan covenants.
- Maintains risk rating standards and recommends appropriate risk ratings for business loans.
- Performs all aspects of loan processing which include payment processing, review of loan documents and monthly maintenance of business loans as needed.
- Ensures approved and funded business loans are properly documented, liens perfected, and all paperwork properly completed.
- Recommend loan alternatives for business members, as necessary.
Required Skills:
- Proven and demonstrated knowledge with lending practices, underwriting standards, and regulatory requirements.
- Attention to detail, knowledge in risk analysis, quantitative analysis skills and documentation and organization skills.
- Ability to communicate effectively, multitask, and solve problems with sound reasoning.
Qualifications:
- Job Level: Mid-High Level
- Required Experience: 5- 7 years of credit analyst experience.
- Required Education: Bachelor's degree or achievement of formal certifications recognized in the industry as equivalent.
Benefits:
- Education/Scholarship Assistance
- Training/Career Development Programs
- Mentor Program
- PTO & 13 Paid Holidays
- Pension & 401k Retirement Plans
- Health/Dental/Vision Insurance Plans
- Flex Spending Account & Health Reimbursement Arrangement
- Employer Paid Life & Voluntary Life Insurance
- Employer Paid Short-Term & Long-Term Disability
- Accident, Critical Illness, & Hospital Confinement Plans
Skills Required
- 5-7 years of credit analyst experience
- Bachelor's degree or industry-recognized certification equivalent
- Proven knowledge of lending practices, underwriting standards, and regulatory requirements
- Attention to detail, risk analysis, quantitative analysis, documentation and organization skills
- Ability to communicate effectively, multitask, and solve problems with sound reasoning
- Experience with loan processing, documentation review, lien perfection, and loan maintenance
- Experience developing business loan products and coordinating with IT to implement products on core systems
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The Company
What We Do
Fort Financial Credit Union is a financial cooperative dedicated to helping its members with their financial needs. They strive to be trusted financial advisors, offering customized solutions to support members' financial goals, valuing honesty, integrity, and respect for the hard-earned dollar.
