Commercial Credit Analyst - First Alliance Credit Union

Position Summary

Evaluate the creditworthiness of businesses or individuals applying for various types of business and commercial credit, including, but not limited to, credit cards, lines of credit, real estate, and equipment. Responsible for financial analysis, risk assessment, and evaluating financial health and stability of businesses applying for credit with First Alliance Credit Union. Loan decisions will be made in alignment with the Credit Union’s policies, best practices, and regulatory requirements.

Essential Functions

1.     Decision Making:

a)     Conduct comprehensive analysis of financial statements, tax returns, credit reports, bank statements, and other relevant documents to evaluate the creditworthiness of business and commercial applicants.

b)     Assess business performance, cash flow trends, rent rolls, profitability, physical site inspection reports, and overall financial health to determine repayment capacity and risk exposure.

c)     Evaluate borrower profiles, industry trends, collateral valuations, and risk factors to determine suitability of loan requests and recommend appropriate loan structures and terms.

d)     Identify potential red flags, anomalies, or areas of concern that may impact credit decisions and recommend appropriate mitigating actions.

2.     Risk Assessment

a)     Conduct thorough risk ratings on loan applications, considering factors such as borrower credit history, financial stability, cash flow projections, collateral quality, and other various factors.

b)     Identify potential risks, mitigating factors, and deviations from credit policy standards, and provide recommendations for risk mitigation or alternative solutions.

c)     Utilize quantitative models, scoring techniques, and risk management tools to quantify credit risk and establish appropriate credit limits and terms.

d)     Conduct periodic reviews on loan relationships and segments within applicable lending areas within a timely manner. These reviews may include independent review of loans for confirmation of compliance to internal policies, procedures, authorities, appropriate and updated risk ratings, regulatory requirements, loan documentation accuracy and data integrity.

3.     Loan Structuring, Documentation, and Reports

a)     Assist in structuring loan proposals, including determining appropriate loan amounts, interest rates, collateral requirements, and repayment terms, in accordance with Credit Union policies and regulatory guidelines.

b)     Ensure accurate and complete loan analysis in accordance with Credit Union policies and regulatory guidelines.

c)     Ensure accuracy and completeness of underwriting documentation, including credit memos, risk assessments, and loan approval summaries in accordance with internal policies and regulatory standards.

d)     Required reports are accurate, complete, and timely.

4.     Communication and Collaboration

a)     Collaborate with loan officers, credit analysts, and any third-party vendors to discuss risk findings, resolve underwriting issues, and make informed lending decisions.

b)     Collaborate/assist Loan Processors to ensure a smooth member experience as it pertains to applying, obtaining documentation, the loan process, and document prep.

c)     Build and maintain positive relationships with internal and external members.

d)     Consistently provide appropriate feedback and recommendations to management to address any issues identified through the applications process from time of application to funding.

e)     Communicate recommendations, with rationale and conditions, to appropriate staff and management in a clear and timely manner.

f)      The Credit Union’s professional reputation is conveyed and maintained.

g)     Collaborate with Management to create and update policies, guidelines, and procedures relevant to the Commercial Lending Program.

 Pay and Benefits

$25.34 per hour

There may be an increase of base pay based on skills and experience.

Benefits include: 401(k), 401(k) Matching, Dental Insurance, Employee Assistance Program, Employee Discount, Health Insurance, Health Savings Account, Life Insurance, Paid Time Off and Vision Insurance.

Requirements:

Competencies

The attributes listed below are representative of the knowledge, skills and/or abilities required.

• Bachelor’s Degree in Business or Finance.
• 3+ years of industry experience in lending at a full-service financial institution, with at least one of those years with business lending.
• One year of commercial loan underwriting, credit analysis, and/or loan processing is preferred.
• An equivalent or combination of experience and education will be considered.
• General knowledge of Credit Union policies and procedures is required
• Proficiency in financial analysis, including the interpretation of credit reports, tax returns, and ability to make inferences from reports.
• Solid understanding of commercial lending products, underwriting principles, and loan structuring techniques.
• Proficiency in Microsoft Office applications (Excel, Word, PowerPoint), and loan origination systems.
• Demonstrate passion for community involvement and financial literacy.
• Knowledge of laws and regulations applicable to credit unions to ensure compliance.
• Detail-oriented with strong organizations skills and the ability to manage multiple priorities in a fast-paced environment.
• Proficiency in using underwriting software, loan originating systems, typing, and computer skills.
• Ability to think critically, work independently, and come up with solutions that others may not consider.
• Excellent interpersonal skills and ability to communicate effectively with members, employees, and outside service providers.
• Excellent math and bookkeeping abilities.
• A high degree of mental concentration to interpret and act upon a wide range of situations, even under pressure.
• Above average written and verbal communication skills
• Ability to work independently in the context of strategic goals

Professionalism/Attitude

• Believes in own capabilities and knowledge to affect positive outcomes and even succeed where others may not and demonstrates that attitude in performing day-to-day activities.
• Self-motivated by the desire to accomplish goals and have exceptional performance; very open to receiving constructive feedback.
• Understands that change is necessary to evolve as a person and an organization, and reflects that in the context of daily work, handling change without becoming disengaged.
• Displays an on-going commitment to learning and self-improvement in areas that are job and/or organization relevant.

Leadership

• Embodies the credit union’s core values: Trust, Compassion, Inclusivity/Diversity, Innovation, Empowerment, Stewardship, and Flexibility. 
• Takes initiative to be involved in networking opportunities in the community.
• Generates innovative ideas, and creative solutions to challenging problems.
• Models’ behavior that builds inter-personal trust and personal integrity within the team.
• Offers to take additional responsibilities contributing to the success of the team.

Performance Measurements

1.     Core Values

a.      Overall outlook toward First Alliance Credit Union’s Core Values is strong, and continual commitment to the credit union’s culture.

2.     Job Knowledge

a.      Maintain a strong understanding of job knowledge and ability to perform the essential duties and functions of the position. Maintain or exceed acceptable level of training requirements.

b.     Understand how this role and performance of duties impacts the company’s success. Continually seek training and development to improve job knowledge. Maintain an understanding of related jobs and functions.

3.     Analytical Skills

a.      Data is collected and carefully considered to come up with solutions. Provide feedback to support organizational goals.

b.     Observation and evaluation skills are maintained to an acceptable level. Overall awareness of the impact a single decision can make to the organization is a must.

4.     Decision Making/Judgment

a.      Make sound decisions that are timely, well researched, and reflect awareness of impact.

b.     Minor indecisiveness must be present. Any indecisiveness should have a minor impact to member service or the credit union’s performance.

5.     Communication

a.      Must effectively converse and listen to internal and external members.

b.     Use of proper written and grammatical skills and meaningful application of computer technology (e-mail, web-based vendor platforms, etc) must be acceptable.

c.      Maintain good working relationships and coordination with personnel and management. Appropriate assistance is provided to staff as needed. Supervisor is informed of activities.

6.     Reporting

a.      Reports, documents, and records must be accurate and timely.

b.     Must be able to complete, correct, and appropriate, detailed records while maintaining compliance with established reporting procedures, policies, and deadlines.

7.     Policy Compliance

a. Maintain an acceptable level of knowledge and compliance with organizational procedures, guidelines, and policies.

8.     Work Quality

a.      Maintain a high level of accurate and complete records relative to the area of responsibility.

b.     Accurately record, organize, and store company information as needed.

c.      The credit union’s professional reputation is conveyed and maintained.