Credit Analyst

About This Role

The Credit Analyst will support commercial lending operations by performing financial analysis, credit judgment, and credit management tasks. This role is ideal for a motivated individual with one to three years of experience in a financial environment who is eager to learn and make a meaningful impact.

Responsibilities

• Collect necessary documents from members and assist in maintaining well-organized credit files
• Spread operating history, personal and entity financial statements and/or tax returns of borrower, as applicable and required
• Assist in performing the initial review of current and prospective members by gathering and analyzing their background credit and legal information to validate their credit worthiness and legal standing
• Assist with loan processing measures as applicable and required
• Perform annual reviews for straightforward assigned loans, as applicable and required
• Monitor loan covenant compliance process for assigned loans to ensure compliance with financial covenants and reporting requirements including sending compliance letters when applicable
• Assist in providing reports on violations of loan covenants and conditions
• Prepare or assist with underwriting and completion of clear and concise Credit Approval Memorandums for straightforward loan requests utilizing a variety of analytical tools
• Order and appropriately review appraisals on real estate related loans
• Update collateral values as necessary
• Perform special projects, research, and other duties as assigned
• Maintain knowledge of basic principles of commercial lending, as well as appropriate laws, regulations and credit union policies and practices
• Represent the credit union in a courteous and professional manner
• Responsible for compliance with all applicable federal and state regulations, as well as credit union policies and practices

Requirements

• One to three years of related experience in a credit union or similar financial environment
• Fundamental knowledge of financial analysis, sound credit judgment, and member business lending credit management
• Strong work ethic and commitment to excellence

Benefits

• Health, dental, and vision insurance
• Flexible spending accounts
• Generous 401(k) with employer match
• Student Loan Repayment Program
• Tuition assistance

About the Company

Polish National Credit Union is a full-service, member-owned credit union offering a complete line of personal and business banking products and services. Founded in 1921, it supports the community through non-profit and educational initiatives and aims to grow lasting relationships to improve people's lives.