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United Federal Credit Union · 1 day ago

Senior Credit Analyst

Hendersonville, NC

Full-time

Hybrid

Mid, Senior Level

3+ years exp

United Federal Credit Union is seeking a Senior Credit Analyst responsible for credit and collateral risk analysis for business lending. The role includes analyzing financial information, managing portfolios, and providing guidance to the Sales Team and Collections Department.

BankingFinancial ServicesNon ProfitPersonal Finance

Responsibilities

Responsible for the effective and professional completion of underwriting and due diligence as it relates to business loans

Approves and/or denies business loan requests based on the underwriting results, within authorized lending authority

Analyzes the Financial Statements, Tax Returns, Environmental Studies, and Appraisals etc., to evaluate the risks of business loan applications. Assist in the development of less experienced analysts and serve as the subject matter expert among peer underwriting staff

Responsible for the preparation of the UFCU Credit Memorandum. Recommend and manage loan covenants, collateral controls, and loan structures on business loan requests. Duties may include assistance with monthly reporting requirements

Evaluation of appraisals, environmental assessments, construction and construction management reports or contracts, and participation agreements as required

Works directly with outside agencies that provide government guarantees or third-party underwriting support to the Credit Union. Responsible for the review and management of required documentation as it pertains to government lending programs (SBA, etc.)

Responsible for underwriting incoming SBA loan requests. Responsible for maintaining relevancy in SBA lending, practices, and procedures. Responsible for assisting and training department staff in government lending programs

Provides management with clear, concise, and accurate written and verbal communications regarding UFCU, NCUA and other federal and state regulations covering all aspects related to business lending

Responsible for efficient and effective management of the existing business portfolio. Responsible for timely collection of required financial statements, renewal of maturing loans, annual reviews, and other portfolio management specific duties

Monitors expiring and at-risk loans for signs of financial deterioration. Using an understanding of the credit principals, recommends changes in risk rating for loans

Recommends corrective actions and may initiate the process of working out loans which have been determined to no longer be reasonable credit risks with support from management

Provides periodic updates on portfolio management-related metrics such as annual review completion and financial information collection. Leverage and implement tools within the business loan origination system to assist in portfolio management tracking

Assumes responsibility for related duties as required or assigned

Participates in cross-functional teams related to special projects dealing with UFCU’s core systems as assigned (i.e., department reports and system testing)

Participates in establishing policy, procedure, and guidelines

Participates in training new hires and the development of existing analysts

Participates directly in all internal and NCUA audits

Maintains industry knowledge regarding lending standards and legal requirements

Oversees the process of loan documentation and coordinates with the Sales Team to ensure closing of new loans and renewals, as necessary

Responsible for file updates and comments posted in the Business Loan Origination System, and ensure that all milestones are in place, documentation is present, and there are clear communications within each credit file

Ensures accuracy of all loan documentation packages as required

Assumes responsibility for establishing and maintaining effective communication, coordination, and working relations with UFCU personnel and with management

Coordinates functions with related departments and branches providing support as needed

Assist Commercial Lending Operations as needed

Keep management informed of area activities and of any significant problems

Attends and participates in meetings and committees as required

Completes required reports and records

Qualification

Credit analysisFinancial analysisSBA lendingGAAP accountingAnalytical abilitiesCustomer serviceCommunication skillsProblem solvingTime management

Required

Bachelor's degree in business-related field or three years of related work experience required

Minimum of 3 years' experience in an accounting/or financial analysis field required

Minimum of 3 years' experience Bank or Credit Union business underwriting experience required

Advanced understanding of GAAP accounting, federal and state tax structures, legal entities, real estate appraisals, and environmental review is necessary

Excellent communication and public relations skills

Strong analytical abilities

Excellent customer service abilities by phone, email, or in-person

Able to use financial calculators and related computer applications and business machines

Understanding of financial analysis and determination of credit worthiness

Ability to prepare memos, reports, and essays using proper punctuation, spelling, and grammar

Ability to deal with a variety of variables under only limited standardization

Able to interpret various instructions

Ability to compute discount, interest, profit, and loss; ratio, proportion, and percentage