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Utilities Employees Credit Union · 2 days ago

Commercial Loan Analyst / Underwriter

Reading, PA

Full-time

Hybrid

Mid Level

4+ years exp

Utilities Employees Credit Union is looking for a Commercial Loan Analyst / Underwriter to evaluate and analyze commercial loan applications to ensure sound credit decisions. This role involves assessing financial statements and collateral, preparing credit memos, and recommending loan approvals or denials while maintaining compliance with regulations.

BankingCredit CardsFinancial ServicesInsurance

Work & Life Balance

No H1B

Hiring Manager

Bret Krevolin

Responsibilities

Evaluating, underwriting, and analyzing commercial loan applications and participation loan purchases

Assessing financial statements, tax returns, and collateral

Preparing credit memos and recommending approval or denial of loan requests

Supporting business lending growth while maintaining portfolio quality and compliance with all applicable laws and regulations

Coordinating and analyzing annual loan reviews for the existing commercial portfolio

Working with the Credit Union's third-party business loan servicer

Qualification

Commercial lending regulationsLoan underwritingFinancial statement analysisBusiness lending experienceCredit memo preparationRisk assessmentPortfolio management

Required

Evaluating, underwriting, and analyzing commercial loan applications and participation loan purchases

Assessing financial statements, tax returns, and collateral

Preparing credit memos

Recommending approval or denial of loan requests

Supporting business lending growth while maintaining portfolio quality and compliance with all applicable laws and regulations

Coordinating and analyzing annual loan reviews for the existing commercial portfolio

Working with the Credit Union's third-party business loan servicer

Knowledge of commercial lending regulations and compliance requirements

Applicants must be authorized to work for any employer in the U.S

Offers of employment are contingent upon passing pre-employment screenings which consist of drug test, background check, and credit check

Preferred

Minimum of four years prior lending experience with knowledge and/or exposure in the areas of business lending, loan participation, consumer, real estate, vehicle and personal lending at a bank, credit union or other comparable financial institution