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Polish & Slavic Federal Credit Union · 4 months ago

Business Lending Specialist/ Junior Loan Officer

Brooklyn, NY

Full-time

Onsite

Entry Level

$47K/yr - $91K/yr

3+ years exp

Polish & Slavic Federal Credit Union is committed to supporting their employees’ overall wellbeing by providing valuable benefits. They are seeking a Business Lending Specialist/ Junior Loan Officer who will be responsible for underwriting credit, processing loan applications, and assisting members with loan inquiries and documentation. The role involves evaluating the creditworthiness of business loan requests and preparing necessary loan documentation.

BankingFinancial ServicesNon Profit

Responsibilities

Obtain required financial information submitted in consideration of assigned Member Business Loan requests and underwrite the credit by performing the appropriate level of analysis using established financial and cash flow techniques and templates to evaluate the overall credit worthiness of the member

Process R/E loan applications, obtain 3rdparty reports, appraisals, environmental assessments, flood hazard certificates

Prepare credit recommendations and approve loans within approved lending limit if applicable, resulting in well documented and fundamentally sound credit decisions

Prepare loan documents and obtain all executed required legal documents and close the loan

Assist Portfolio Manager in the performance of annual credit reviews and reassessment of credit risk

Process/underwrite/approve non-R/E credit applications

Answer MBL inquiries, resolve complaints and member issues

Assist members with loan applications and documentation completion

Prepare and maintain accurate monthly Loan Application pipeline

Qualification

Business credit analysisCommercial lending knowledgeWorkflow organizationFinancial statement evaluationLoan documentation preparation

Required

Minimum 3 years' experience in business credit analysis, workflow organization and processing

Comprehensive knowledge of commercial and business lending with completion of formal commercial loan analysis education on the evaluation of financial statements and tax returns, or prior work