Commercial Credit Analyst 1 / FT Onsite / Nashua

Job Description

Job Description

Role :

To analyze commercial loan requests and make credit recommendations to appropriate lending authority based on commercial lending policy as well as meet and develop new & existing business loan applicants. Provide support with proper loan documentation and administrative support to the department as needed.

Essential Functions & Responsibilities :

Gather and analyze credit information on existing and potential borrowers, determine the advisability of granting credit for a diversified type of loan. Evaluates loan requests to properly identify purpose, risk elements, collateral adequacy and recommends appropriate risk rating and identification of any loan policy and documentation exceptions.

Analyzes and complies member financial conditions and ability to pay. Interprets financial and industry trends, member payment history, create spreadsheets, categorizes and enters data and analyzes along with cash flow analysis.

Initiates annual reviews on commercial relationships. Requests current financial statements from members on a regular basis. Evaluates usage, adherence to covenants and identifies emerging risk issues.

Prepares and submits loan presentations, which include research data, indication of credit strengths and weaknesses for review and discussion with loan officers and credit committee.

Assist with the education and support of branch loan personnel in developing loan requests. Responsible for compliance with all required regulations and policies especially with all Bank Secrecy Act (BSA), NCUA Rule and Regulations, Office of Foreign Assets Control (OFAC), Privacy Act, procedures and regulations specific to TCU.

Properly identifies policy and documentation exceptions. Monitors loans requiring annual renewals or credit reviews. Keeps informed of current trends in commercial credit.

Other duties as assigned. (File Maintenance, Insurance, Quality Control, etc.)

Knowledge and Skills :

Experience

One year to three years of similar or related experience.

Education

(1) A bachelor's degree, or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree (e.g., information technology certifications in lieu of a degree).

Interpersonal Skills

Work involves much personal contact with others inside and / or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation. Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.

Other Skills

Must have experience in analyzing business financial statements and assessing the viability of businesses; must have excellent communication and PR skills; ability to use related software required. Assist in data input and maintenance of loan files, Supply critical reports ie. credit reports, UCC statements, insurance policies and mortgage instruments.

Physical Requirements

Work Environment

office