This position is responsible for underwriting and reviewing commercial loans to promote positive member relationships and to achieve the lending goals of the Credit Union. The Credit Analyst must provide consistent practices in accordance with SPIRE’s Business Loan policies that maintain a prudent commercial loan portfolio. The position is also responsible for general department support and assisting with a variety of other department projects.
A. Underwrite commercial loans for extensions of credit review existing loans and maintain a prudent portfolio to achieve business lending goals.
1.Review and evaluate business loan applications, analyze financial statements and interpret key ratios and the member’s ability to pay using a global cash flow approach to determine the needs of the member.
2. Evaluate commercial properties using an income approach to volume and other market data to determine credit risk.
3.Underwrite business loans and complete loan presentations/annual reviews for approval by the VP of Business Services and the Ad Hoc Committee.
4.Facilitate loan closings by providing research and direction for attorney handling.
5.Review loan documents; perform loan closings, and service business loans and accounts.
6.Ensure member service standards are maintained.
7.Analyze monthly, quarterly and annual financial reports provided by each borrower to ensure loan quality and strengthen business relationships.
8.Review each loan annually and respond to loans rated substandard.
9.Schedule and document annual business site visits and relationship reviews.
10%B. Assist Vice President to develop and maintain portfolio through monitoring reports and procedures to meet department performance expectations.
1.Provide input on month end portfolio reports, delinquency reports, and loan loss analysis.
2.Review and refine reports, presentation templates and other business service processes to increase operational efficiency.
10%C. Assist in refining the current lending system to create a prudent, streamlined lending system that accurately assesses risk, works effectively and maintains compliance with all NCUA rules and regulations.
1.Recommend changes to refine written lending procedures for all aspects of the business department.
2.Review and find solutions to streamline business loans in the Episys and Laser Pro systems.
3.Review file documentation and file logging procedures, verifying that loan documents are appropriate for the loan type and accurately protect SPIRE.
4.Assist Vice President to ensure MBL program meets and maintains compliance with all NCUA rules and regulations.
D. Perform other duties as assigned to support effective department operations.
1.Record, post, and perform recasts on member business loan payments.
2.Provide payment notifications on required loans.
3.Provide support through answering member questions on deposit and loan products, business documentation and compliance.
4.Create accounts and loans on operating system and prepare Laser Pro loan documents.
SPIRE Federal Credit Union - 10 months ago