Jovia Financial Credit Union · 13 hours ago
Commercial Credit Analyst
Westbury, NY
Full-time
Hybrid
Entry, Mid Level
$55K/yr - $68K/yr
2+ years expJovia Financial Credit Union is a not-for-profit organization focused on providing innovative banking solutions. The Commercial Credit Analyst will review loan packages, gather underwriting information, and ensure compliance with lending regulations while assisting in the loan closing process.
BankingFinanceFinancial Services
Responsibilities
Review loan packages to ensure all financial information has been obtained with appropriate signatures
Gather and review all necessary underwriting information including but not limited to financial statements, tax returns, rent rolls and operating statements, liquidity statements, projections, credit report, legal documents to determine the degree of risk involved and the proper premium for acceptable risks. Accepts risks that meet underwriting standards and declines those which do not, within assigned scope of broad underwriting authority
Review real estate purchase contracts, title reports, appraisals, and environmental reports for collateral evaluation
Underwrite business credit cards and overdraft lines of credit up to $50,000.00
Maintain up to date knowledge of and adhere to relevant NCUA, federal, and state lending regulations, and Jovia loan policies, procedures, and underwriting guidelines
Validate all Jovia loan policies and underwriting guidelines were met before submitting to Management and MBL Committee for decisioning
Assist with preparing closing loan documents
Assist with scanning and filing of loan documentation received in connection with new loan application or existing loans
Attend and participate in Member Business Loan Committee meetings and serve as Minute Taker of Loan Committee meetings and distribute the minutes to all relevant people as detailed in the Participants section. Ensure that a copy of the meeting minutes is filed appropriately for future reference
When needed, resolves member issues pertaining to business practices, policies and procedures
Qualification
Required
College degree preferred with concentrations in accounting, finance, taxation, real estate, and/or business administration
Knowledge and understanding of fundamentals in commercial credit analysis required
Individuals who completed formal credit training highly desirable
Minimum of two (2) years of experience in commercial banking, one (1) of which has been in a credit analyst or underwriting support position
Individual must function with minimal supervision and have excellent organizational and time management skills
Must be able to handle multiple projects and tasks and meet deadlines
Proficient in math and calculations related to lending
Well versed in Microsoft Word and Excel
Detail oriented, excellent analytical skills, aptitude for figures, and computer/Internet savvy
Internet speed of 100 mbps or higher required
Able to dedicate a quiet space for daily work that is free of sound interruptions
Benefits
Competitive compensation with paid training
Professional Development with growth opportunities and a supportive learning environment
Retirement Benefits, featuring a 401(k) with a generous match plus a defined pension plan
Comprehensive benefits including Medical, Dental, and Vision coverage
Tuition Reimbursement and School Loan Repayment plans for Full-Time employees
Gym Reimbursement and Employee Wellness time off to support your health and wellness
Flexible PTO options that include vacation payout and sick time incentive payouts
Discounts on Employee Loans to help you create financial success
Supplemental Benefits such as Pet Insurance, Legal plan, and AFLAC plans
Company
Jovia Financial Credit Union
From buying a home, to saving for college, or funding your retirement - Jovia is here to help you achieve your financial goals.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Renu Dalessandro
Chief Marketing Officer
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