Everwise Credit Union · 19 hours ago
Sr. Credit Analyst
South Bend, IN
Full-time
Onsite
Mid, Senior Level
4+ years expEverwise Credit Union is seeking a Senior Commercial Credit Analyst responsible for conducting in-depth financial analysis of commercial loan requests. The role involves evaluating complex credit requests and collaborating with relationship managers to enhance lending opportunities while ensuring risk mitigation.
BankingFinanceFinancial Services
Responsibilities
Perform comprehensive and advanced evaluation of complex financial statements, tax returns, organizational charts and other financial documents to determine the borrower’s ability to repay the loan
Evaluate complex credit requests, including large loan applications and various complex ownership structures to determine risks to repayment and mitigating factors
Prepare in-depth historical financial analysis, projection financial analysis, and stress-testing for larger middle market transactions
Focus on larger and more significant loan transactions with the potential to have material impact on the loan portfolio
Recommend appropriate loan term and structures
Identify key secondary sources of repayment such as collateral and guarantor strengths
Collaborate with relationship managers to gather necessary information and clarify details
Construct detailed credit memos for presentation to Loan Approval Committee
Actively participate in Loan Approval Committee to answer questions regarding credit analysis, as necessary
Proactively monitor loan portfolios to identify signs of potential changes in risk profile and ensure ongoing credit quality by conducting research on market conditions and trends to understand risk and opportunity facing borrowers in different industries
Monitor assigned credits on a quarterly basis, and report any payment discrepancies, or developing problems directly to relationship managers and management
Identify potential modification to loan structure to help mitigate identified risk
Review and reconcile construction draw requests
Perform analysis of Everwise’s other credit products
Actively engage in community service and promotional events, to foster personal development and enhance Everwise's positive reputation in the community
Provide training, guidance and mentorship to Commercial Credit Analysts
Support Commercial Credit management in devising and executing resolution plans of audit findings and loan committee requests
Participate in ongoing education and Department training activities
Assume additional responsibilities as required for the growth and advancement of Everwise
Qualification
Required
Bachelor's degree in business, Accounting, Finance or related field required
4+ years' experience in corporate and commercial underwriting or related experience within the financial services industry
Extensive Corporate and Commercial loan experience, knowledge across diverse industries, and commercial real estate asset classes
Ability to read and analyze financial data and credit reports for businesses of all sizes
Robust knowledge of business and contract laws
Strong understanding of commercial credit, loan services, and credit risk policies and procedures
Excellent verbal and written communication skills
Ability to work autonomously and collaboratively in a team environment
Advanced skills in commercial financial software (Baker Hill Nextgen and/or Laser Pro) and Microsoft office suite (MS Teams, Word, Excel and PowerPoint)
Understand and adhere to government laws, and regulations, and Everwise's policies and procedures concerning Anti-Money Laundering Regulations including but not limited to the Bank Secrecy Act (BSA), US PATRIOT ACT, and OFAC
Preferred
Experience underwriting Commercial Real Estate, Small Business Administration, and C&I loans preferred
Company
Everwise Credit Union
Everwise Credit Union is a banking firm that provides savings accounts, mortgages, auto loans, and home equity loan services.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Jason M. Osterhage
President + Chief Executive Officer
Todd Brown
Chief Financial Officer
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