Commercial Credit Analyst (Remote)

Overview

The organization is looking for a Commercial Credit Analyst (Full Time Remote). This position provides detailed credit analysis and recommendations regarding the creditworthiness of new and existing commercial loan borrowers. The role ensures proposed loans meet policy guidelines to maintain the loan portfolio’s required quality, in accordance with the respective clients’ credit policy and procedure manuals. Responsibilities also include maintaining complete records and files for all credit transactions, including correspondence and documentation.

Responsibilities

• Evaluate member business loan requests.
• Assess business financial needs and recommend loan packages and related financial products.
• Analyze and interpret financial statements, tax returns, personal financial statements, statement spreads, and other financial information to determine borrower feasibility and make recommendations for further consideration.
• Prepare detailed analysis of personal and business assets for collateral valuation and calculate total loan-to-value within policy guidelines.
• Identify strengths and weaknesses of underlying credit requests using balance sheet and income statement analysis, ratio analysis, and cash flow analysis.
• Create credit memorandums; ensure detailed accuracy and maintain quality control and integrity of the data.
• Assist clients in establishing and negotiating terms under which credit will be extended, including costs, repayment methods, and collateral requirements.

Requirements

• Bachelor’s Degree in business, finance, or accounting preferred.
• Three years’ experience reading, analyzing, and interpreting simple and complex financial data and preparing credit memorandums required.
• Proficiency in credit spreading analysis software, Word, and Excel.
• Knowledge of small business loan policy; federal banking regulations; credit-granting criteria; interest rates and how they are computed; and required documentation for each type of loan.
• Excellent written and oral communication skills.
• Excellent loan interviewing skills and techniques required.
• Ability to work in a fast-paced environment and within established service standards.
• Formal credit training is helpful but not required.

Compensation & Benefits

• Competitive salary commensurate with experience.
• Extensive benefits package, including:
  • Paid time off
  • Health benefits
  • 401(k) with a generous company match
  • Future growth opportunities within the organization

Location

Full Time Remote