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Senior Credit Analyst

Senior Credit Analyst

Purdue Federal Credit UnioLafayette, IN, United States
Hace 3 días
Tipo de contrato
  • A tiempo completo
Descripción del trabajo

Senior Credit Analyst

Administrative

Lafayette, IN

ID : 1136-588

Full-Time / Regular

Please APPLY AT :

https : / / jobs.silkroad.com / PurdueFCU / PurdueExternalPortalpurduefedcareerssilkroadcom

The Senior Credit Analyst is responsible for ensuring credit requests and existing relationships remain in compliance with federal regulations as well as company policy and procedures. Job responsibilities also center on managing risk in the commercial loan portfolio both on an individual credit basis as well as the entire commercial loan portfolio.

Review and analyze credit requests to determine financial and non-financial strengths / weaknesses, risk level, and feasibility of proposed credit relationships and transactions

  • Build financial spreads in the loan origination system that will serve as the basis for all financial analyses performed in the role.
  • Recommend appropriate covenants and conditions as may be required based upon the complexity and risk of a credit proposal (i.e. loan agreement language, borrowing base certificate advance rates, etc.).
  • Use IBISWorld and other market data to support an effective industry & market analysis for each credit request.

Prepare formal credit risk assessment analysis on new and existing credit for larger, more complex relationships

  • Evaluate trends in member data to promptly identify and report areas of concern and potential problem loans, and determine courses of action to mitigate the problems. Communicate the findings to loan officers and senior management
  • Assist in review of portfolio by completion of annual reviews; stress test portfolio and local market

  • Recommend grade changes and assess / analyze problem loans
  • Research and investigate local and national economic trends that may impact current loans and collateral
  • Attend continuing education seminars on credit analysis and analysis software to enhance personal knowledge and skill
  • Assist in training new departmental staff on all aspects of our Loan Operating System (nCino), our Core system (Spectrum), and other operational software used by Purdue Federal MBS
  • Construction Loan Administrator responsibilities, which shall include but are not limited to :

  • Once a perspective Construction Loan is identified by a Loan Officer, the Construction Credit Analyst will be involved in all member correspondence and meetings to gain knowledge on the project as well as to make sure construction loans are structured and monitored in a consistent manner and in accordance to loan policy and procedures.
  • Shall review and monitor all due diligence of the construction project from beginning to end, including but not limited to :

  • Plans & Specs, Surveys, Plats, Planned Development Paperwork,
  • Initial Title Work with required endorsements (ex. Mechanics Lien) and ordering updates with each draw,
  • Construction Cost Sheets and Contracts,
  • AIA documentation, Change Orders, Equity Requirements,
  • Permits,
  • Phase I's,
  • 3rd Party Budget Reviews,
  • Construction Inspections,
  • Reconcile Draws with the Credit Union Core insuring balance and availability are correct,
  • Monitor construction progress to insure completion percentage is in line with funds available on the construction loan to finish the project,
  • Required Skills

  • Fundamental understanding of accounting principles
  • Strong financial statement analysis skills within assigned disciplines with demonstrated versatility
  • Strong computer skills; proficient in MS Excel
  • Excellent organizational skills, attention to detail, and the ability to complete assignments in a timely manner
  • Ability to communicate, verbally and in writing, in a professional manner when dealing with employees, members, vendors and company contacts
  • Ability to follow the core values of honesty, integrity, mutual respect, pride and ownership
  • Purdue Federal Credit Union is an Equal Opportunity Employer / Veterans / Disabled

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