Position Title: Commercial Credit Analyst Department: Business Services
Position Title: Commercial Credit Analyst Department: Business Services
REPORTING RELATIONSHIPS Position Reports To: Business Services Manager
Positions Supervised: None
Position is remote. Open to anywhere in the US.
POSITION PURPOSE Responsible for the support of quality loan origination, analysis, processing and reporting of business loans. Prepare written analysis on new loan applications to measure financial strengths and weaknesses of borrowers and guarantors, collateral adequacy and general credit worthiness to help ensure sound, comprehensive decisions are made in the credit approval process. Spread financial statements as needed through financial software and subsequently analyze system-generated reports for preparation of written reviews. Provides high quality and professional service to members.
ESSENTIAL FUNCTIONS AND BASIC DUTIES 1. Assumes responsibility for the effective performance of the following business functions: Develop and review all pertinent credit and financial information for use by business department personnel and loan committee members in making lending decisions on new, renewal, and extension loans. Prepare written credit memorandums on all new loans, renewals, extension and modifications relative to financial strengths and weaknesses of borrowers, risk assessments, strength of guarantors, industry analysis, collateral and loan structures with opinions as to credit worthiness. Accompany Business Services Manager on calls to develop more information on the companies being analyzed and better assess the risks associated with the credit. Provide assistance and oversight on month end reporting Train and educate members on credit analysis and underwriting guidelines Provide assistance with annual loan reviews, ensuring that extensions of credit adhere to credit union policies Monitor self-originated and participation loan watch list credits Review and ensure all risk ratings are appropriate and updated as needed Assist in the proper structuring of loan terms and the understanding of fundamental credit principles Gather information on actual and prospective borrowers through inquiries and investigations with trade suppliers, financial institutions, appraisers, professional firms or individuals and in-house information on borrowers relative to relationship, outstanding exposure limits and profitability Partners with the Business Services Manager to improve work-flow to ensure a consistent process is in place Assist in portfolio management activities Regularly track the stages of active and pending loans Keeps on top of industry standards, measurements and best practices Other duties as assigned Compiles and submits monthly board reporting for management review 2. Assumes responsibility for establishing and maintaining effective business relations with members: a. Assists with questions and problems courteously and promptly.
b. Obtains and conveys information as needed.
c. Maintains the Credit Union's professional reputation.
3. Assumes responsibility for establishing and maintaining effective communication, coordination, and working relations with Credit Union personnel and with management: a. Attends and participates in meetings as required.
b. Assists, supports, and replaces Business Services personnel as needed.
c. Keeps management informed of area activities and of any significant developments.
4. Assumes responsibility for related duties as required or assigned: a. Completes special projects as assigned.
b. Ensures that work area is clean, secure, and well maintained
QUALIFICATIONS Education/Certification: Bachelor's degree preferred in business, accounting or finance and internal training curriculum or certification
Required Knowledge: Familiarity with financial statements, corporate and individual tax returns, cash flow analysis, and personal credit reports
Experience Required: Minimum of 3 years commercial credit analysis or related experience S kills/Abilities: Analytical, creative, and problem solving abilities.
Accurate and attentive to detail
Ability to communicate effectively both written and verbal
Ability to assist, direct and coordinate others
Persistent
Initiative
Interpersonal and public relations skills.
Able to work well independently
Use of Excel, Word and Cash Insight Financial Software
INTENT AND FUNCTION OF JOB DESCRIPTIONS Job descriptions assist organizations in ensuring that the hiring process is fairly administered and that qualified employees are selected. They are also essential to an effective appraisal system and related promotion, transfer, layoff, and termination decisions. Well-constructed job descriptions are an integral part of any effective compensation system. All descriptions have been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. In no instance, however, should the duties, responsibilities, and requirements delineated be interpreted as all inclusive. Additional functions and requirements may be assigned by supervisors as deemed appropriate. In accordance with the American with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization. Job descriptions are not intended as and do not create employment contracts. The organization maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law. CASE Credit Union was chartered on February 19, 1936, to serve Lansing area teachers and administrators as Lansing Teachers Credit Union. From operating within Lansing High School with 180 members, today, over 85 years later, we serve a membership of over 45,000 members and operate five branches throughout the Greater Lansing area, while controlling over $384 million in assets. We pride ourselves on living our mission of assisting members and employees to achieve financial success through service that is superior, convenient, and easy to use. CASE is a Community Development Credit Union (CDCU). A CDCU is a credit union with a mission of serving low and moderate-income people and communities.
CASE prides itself on having a culture focused on diversity and inclusion, reflected in having received the 2020 Lansing Area Economic Partnership (LEAP) Diversity award. Additionally, at CASE Credit Union, we're committed to hiring the best and brightest. Just as we are dedicated to helping our members achieve success, we are dedicated to helping our employees grow and thrive. That's why we are proud to offer a team-oriented working environment, with competitive salaries and benefits, and countless opportunities for growth and advancement. CASE Credit Union offers affordable medical, dental, and vision and provides disability insurance and life insurance to our employees at no cost to them. We also provide tuition reimbursement for those who desire to continue their education while working with us. Come work with CASE Credit Union and experience exciting career opportunities in the financial industry.
