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Franklin Mint Federal Credit Union · 3 weeks ago

Commercial Lending Analyst/Hybrid

Business Banking - Chadds Ford, PA 19317

Full-time

Hybrid

Mid Level

$65K/yr - $98K/yr

3+ years exp

Franklin Mint Federal Credit Union is seeking a Commercial Lending Analyst to assist business members with their lending needs. The role involves assessing commercial lending requirements, coordinating loan applications, and ensuring compliance with lending procedures.

BankingCreditFinancial Services

Responsibilities

Engages current or potential new business members sourced through various channels (branch referrals, brokers, existing), and assesses the commercial lending needs of the member. Provides options that meet the needs of the party, and guidance, which may include highlighting the advantages and disadvantages of the available products

Coordinates the loan application process in person, via telephone, or online to ensure completeness and accuracy of information, and acts as the main point of contact for the member during the entire loan process

Collects and performs sounds analysis of information pertaining to the party’s revenue, assets, investments, and/or debts and conducts preliminary reviews of the data. Provides recommendations for review by appropriate personnel

Ensures that lending procedures are followed. Interprets policies and procedures, loan contracts, credit reports and loan documents. Provides complete and accurate formal documentation of approval and rejection to applicants

Negotiates the FMFCU offered term sheet with the member or potential member, subject to approval by the proper authority

Coordinates loan documentation with various parties including title companies, attorneys, and appraisers and/or loan document processors

Collaborates with commercial lending administration on gathering financial and credit information for periodic loan reviews and assists in collection and recovery efforts as needed

Identifies opportunities to cross sell products and services that meet the members’ needs, and provides referrals to appropriate resources in order to drive additional production and revenue

Provides input to the Credit and Loan Review Committee on potential new products and industry trends

Decisions member business loans within individual limits, $25,000 unsecured and $250,000 secured (aggregate). Above those amounts, recommends applications to appropriate level of authority up to, and including, the credit and loan review committee for review

Is responsible for adhering to operational controls, including compliance with all required regulations and policies such as the Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) to ensure the safety and soundness of the Franklin Mint Federal Credit Union and its members

Qualification

Commercial loan analysisCustomer serviceSales/NegotiationFinancial statement analysisMicrosoft OfficeAnalytical skillsVerbal/Written skillsMotivated/Works independentlyPrioritize/Multi-taskInterpersonal skillsPresentation skillsOrganizational skillsProject managementDetail oriented

Required

Bachelor's degree in business or finance plus 3-5 years of commercial loan business development and production or equivalent experience

Strong demonstrated abilities required: Customer/Member Service, Interpersonal/Team Player, Presentation Skills, Motivated/Works Independently, Sales/Negotiation Skills, Analytical/Problem Solving, Organizational Skills, Project Management Skills, Detail Oriented, Verbal/Written Skills, Microsoft Office, Prioritize/Multi-task

Ability to travel occasionally

Must maintain confidentiality

Proficient in the analysis of personal and business financial statements