The Credit Analyst is primarily responsible for the financial analysis, underwriting, documentation and servicing of business loans to existing and perspective borrowers and members. The Credit Analyst will obtain and analyze appropriate financial documentation to determine the applicants’ ability to qualify for the purchase or refinance of commercial real estate under ONCU commercial lending programs. The Credit Analyst will evaluate loan requests based upon the financial strength, credit history and the cash flow of the borrowers, the guarantors and the collateral.
ESSENTIAL JOB FUNCTIONS
DUTIES AND RESPONSIBILITIES
Loan Underwriting and Loan Processing 70%
Analyzes corporate and personal financial statements and tax returns of borrowers and guarantors to determine their qualifications in terms of personal financial strength, credit history, liquidity, cash flow and debt coverage in accordance with the loan request under current interest rate, terms and conditions;
Evaluates all third party reports to substantiate collateral values, title and lien position;
Prepares and presents credit underwriting results to the Manager of the department;
Oversees the preparation and the accuracy of loan documents;
Reviews and analyzes updated financial statement and tax returns received annually on the existing portfolio;
Prepares loan production reports for the Manager of the department;
Assists the Manager of the department in the sale of participations from its portfolio to other credit unions and financial institutions within various geographic markets;
Assists the Manager of the department in the financial analysis of loans being purchased from other credit unions and financial institutions;
Assists the Manager of the department in the maintenance and expansion of existing borrower and referral source relationships as well as business development of new points of contact; and
Becomes familiar with loan documentation software and other administrative and servicing duties preformed by the Business Loan Processing Technician II.
Quality Control 30%
Reviews the completeness of loan files to ensure that all supporting documentation, third party reports and loan approvals comply with Business Loan Policies and Procedures;
Reviews all completed and signed loan documents for thoroughness, accuracy, and adherence to existing Credit Union policy and procedures and all regulatory requirements; and
Obtains and analyze annual updated financial statements (income and expense), current rent roll, etc., on the collateral for each loan.
Knowledge, Skills, and Abilities
Ability to analyze personal and corporate tax returns;
General understanding of MAI commercial real estate appraisals and cash flow to service debt;
General understanding of commercial real estate escrow instructions and preliminary title reports;
Ability to make recommendations and decision on commercial real estate loan requests;
Ability to achieve loan underwriting and analysis objectives set by the department;
Ability to establish and maintain effective working relationship with staff, associates and senior management of the credit union;
Ability to communicate effectively, both verbally and in writing;
Ability to maintain regularly scheduled attendance; and
Must be able to relate appropriately to other people beyond giving and receiving instructions: (a) can get along with co-workers or peers without exhibiting behavioral extremes; (b) perform work activities requiring negotiating, instruction, and communicating with others; and (c) respond appropriately to constructive feedback from a supervisor.
EDUCATION AND EXPERIENCE
A college degree in the fields of accounting, finance, economics, real estate, or related field required. Proficiency in Excel and Word. Some familiarity with real estate and real estate related documentation preferred. Ability to conduct marketing and business development activities. Excellent verbal communication skills required.