Lafayette Federal Credit Union · 9 hours ago
Vice President, Credit Analyst
Rockville, MD
Full-time
Hybrid
Senior Level, Lead/Staff
$78K/yr - $120K/yr
10+ years expLafayette Federal Credit Union is a recognized employer committed to excellence and innovation. They are seeking a Vice President, Credit Analyst responsible for evaluating the creditworthiness of commercial loan applicants through financial analysis and risk assessment. This role involves preparing credit memos, monitoring loan portfolios, and collaborating with team members to support credit decisions.
BankingFinancial ServicesMobile Payments
No H1B
Responsibilities
Analyze financial statements, including tax returns, balance sheets, income statements, and cash flow statements, to assess the financial health of businesses
Evaluate the borrower’s credit history, financial performance, and ability to repay loans
Conduct ratio analysis, trend analysis, and cash flow projections to support credit decisions
Identify potential risks associated with commercial loan applications and make recommendations to mitigate those risks
Assess the adequacy of collateral and determine loan-to-value ratios
Monitor economic and industry conditions that could impact borrowers’ ability to repay loans
Experience analyzing CRE, Small Business Administration, Asset Based, and Government Contract Lending requests
Prepare detailed credit memos that summarize financial analysis, risk assessment, and recommendations for loan approval or denial
Present credit findings to loan committees or senior management for review and decision-making
Ensure that all credit analysis complies with the bank’s policies and regulatory requirements
Regularly review and monitor the performance of existing loans in the portfolio, identifying early warning signs of potential credit issues
Work with relationship managers and loan officers to address any concerns or risks within the portfolio
Update credit files and documentation to reflect current financial conditions and risk assessments
Collaborate with loan officers, relationship managers, LFCU Members, and other team members to gather necessary information for credit analysis
Provide guidance and support to junior analysts or interns as needed
Participate in training and professional development opportunities to stay current with best practices in credit analysis
Conduct research on specific industries, markets, and economic trends to support credit analysis and lending decisions
Stay informed about changes in regulatory requirements that may affect credit risk management
Qualification
Required
Ten years to fifteen years of similar or related experience
Strong understanding of financial products, credit analysis, and risk management principles
Proficiency in Microsoft Office suite for documentation, analysis, and reporting purposes
Ability to analyze complex financial information and make sound business decisions
Strong problem solving and analytical skills to assess loan risks and opportunities
A bachelor's degree, or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree (e.g., information technology certifications in lieu of a degree)
Experience analyzing CRE, Small Business Administration, Asset Based, and Government Contract Lending requests
Experience in managing relationships with small to mid-sized commercial members
Ability to work independently in a fast-paced work environment
Working knowledge of loan and collateral documentation
Excellent communication, negotiation and interpersonal skills, written and verbal
Knowledge of CRE, Small Business Administration, Government Contract and Asset based lending
Benefits
Employer paid (99.9%) health insurance premium for single and family coverage (HMO Plan)
Fully funded deductible (HMO Plan)
401k employer matching contribution
Income protection with life insurance, short and long-term disability
Paid time off, holiday leave & birthday leave
Educational assistance
Commuter benefits program and more!
Company
Lafayette Federal Credit Union
Lafayette Federal Credit Union is a finance solution firm that offers online banking, investment & loans for commercial & personal purposes.
51-200 employees
Funding
Current Stage
Growth StageRecent News
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