Hanscom Federal Credit Union · 10 hours ago
Commercial Credit Analyst
Chestertown, Maryland, United States
Full-time
Hybrid
Senior Level
$34.24/hr - $42.80/hr
5+ years expHanscom Federal Credit Union is a member-focused organization dedicated to providing exceptional service. The Commercial Credit Analyst will assist loan officers in gathering and analyzing financial data, preparing credit memos, and ensuring compliance with credit policies while monitoring the financial performance of portfolio companies.
BankingFinancial ServicesNon Profit
No H1B
Responsibilities
Assist loan officers in gathering data from borrower, internal and external sources; and contact borrower for additional information and clarification of data when necessary
Review and analyze financial statements, tax returns, projection models, and all other relevant financial data, credit reports, collateral and various ratios that pertain to current economic and industry trends
Utilize the company's financial analysis spreading software to generate an informative and comprehensive credit memo for loan officers’ presentation to the appropriate approving body, as stipulated in Loan Policy, for decision making purposes
Prepare analysis on moderate to complex commercial credit requests. Spread and make interpretative analysis of financial statements and prepares memorandum for use in loan decisioning. Make risk rating recommendations
Inform loan officers when up-to-date financial statements are needed for commercial accounts, and contacts borrower(s) to request updated information
Assist loan officers in the review and renewal of credit facilities and provides back-up support when requested
Prepare analysis and write-ups for amendments, consents, and waivers to existing credit documentation
Monitor the financial performance of the portfolio companies to include on-going covenants renewals and annual reviews
Ensure risk rating accuracy and compliance of credit policy
Identify and recommend workflow process alternatives that can lead to improved efficiency and service levels
Mitigate identified risks and makes credit recommendations in accordance with sound credit-granting principles and compliance with the company's philosophy and principles outlined in Loan Policy and other supporting policies and procedures
Participate in preparation of assigned audits and compliance reviews, such as the Credit Union’s external loan review
Working knowledge of lending processes and supporting policies
Ensure compliance with all policies, procedures and processes, and all applicable state and federal banking laws, rules and regulations; adheres to Bank Secrecy Act (BSA) responsibilities that are specific to the position
Ensure Financial Analysis is consistent and upholds company and industry guidelines
Assist with the recording of minutes of committees as needed
Responsible for monitoring property tax sales for borrowers with past due property taxes
Perform other tasks or functions as required, requested, necessary or prudent from time to time
Qualification
Required
Strong desire to work in a purpose-driven organization
At least 5 years' previous commercial underwriting and/or commercial lending experience is preferred. Work related experience should consist of a financial analyzing or lending background. Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related
Bachelor's degree or higher in Business/Mathematics is preferred. 5+ years of related experience and/or training; or the equivalent combinations of education and experience
Proficient knowledge of Microsoft Office suite of products (including Word and Excel)
Proficient skills in computer terminal and personal computer operation; host computer system; and word processing, spreadsheet and core processing system
Proficient reading, writing, grammar and mathematical skills
Proficient interpersonal relations and communicative abilities
Superior internal and external customer service skills
Capable of understanding complex instructions and procedures. Furthermore, can standardize operating procedures
Thorough understanding of underwriting policies and procedures, as well as guidelines and regulatory updates
Advanced experience, knowledge and training in financial statement and tax return analysis; typically resulting from a combination of education in accounting, financial and/or credit analysis or related areas
High degree of attention to detail
Ability to work with minimal supervision while performing duties
Effective organizational and time management skills. Ability to coordinate workflow and handle multiple projects simultaneously
Ability to deal with difficult problems involving multiple facets and variables in non-standardized situations
Knowledge of C&I, construction, real estate, underwriting, documentation and processing
Benefits
Medical
Dental
Vision
FSA
401(k)
Student Loan Paydown
Paid Sick and Vacation time benefits
Flexible hybrid work schedule environment
Company
Hanscom Federal Credit Union
Hanscom Federal Credit Union provides mobile services, education programs & other products designed to help become financially self-reliant.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Stacey Browne
Chief of Staff
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