Job Information
Heritage Financial Credit Union Commercial Credit Analyst I (On-Site) in Middletown, New York
Commercial Credit Analyst I (On-Site)
Middletown, NY (http://maps.google.com/maps?q=25+Rykowski+Lane+Middletown+NY+USA+10941) • Commercial Lending
Job Type
Full-time
Description
Heritage Financial Credit Union is a member-owned financial institution that is committed to helping our members achieve their financial goals and building a stronger community. We believe that everyone deserves access to affordable financial services, and we are dedicated to providing our members with the tools and resources they need to achieve their financial dreams.
Our vision is to be the leading financial institution in the communities we serve, and we are committed to creating a culture of excellence where our employees can thrive. We believe in creating a workplace where everyone feels valued and respected, and where we can all work together to achieve our goals. We recognize that our employees are our most important asset, and we are committed to providing them with the training, development, and opportunities they need to succeed.
Our values are at the heart of everything we do. We believe in:
Integrity:We are honest and trustworthy in all of our dealings with our members, employees, and the community.
Excellence:We strive to provide our members with the best possible service.
Teamwork:We believe that we can achieve more together than we can alone.
Respect:We treat each other with dignity and respect.
Community:We are committed to giving back to the communities we serve.
If you are looking for a challenging and rewarding career in the financial services industry with a company that is committed to its mission, vision and values, we encourage you to apply for a position at Heritage Financial Credit Union. Here you will find a supportive and collaborative work environment where you can make a difference in the lives of our members and our community. We offer a competitive salary, comprehensive benefits package, including a very generous PTO policy. We are always looking for talented and motivated individuals to join our team.
POSITION DESCRIPTION
Position Title:Commercial Credit Analyst I
Department:Commercial Lending
Classification:Non-Exempt
Salary Range:$29.30 - $38.46 per hour
REPORTING RELATIONSHIPS
Position reports to:AVP of Commercial Lending
Positions Supervised:N/A
POSITION PURPOSE
This on-site position is responsible to perform detailed financial analysis for all lending opportunities, prepare credit memos and other requests for presentation to loan committee. Perform annual credit reviews, ensure compliance with Credit Union’s policies and procedures, ensures timely collection and spreading of financial statements along with updated insurance binders provided by Borrowers.
ESSENTIAL FUNCTIONS AND RESPONSIBILITIES
Review business loan applications and supporting financial statements to determine the borrowing capacity, capitalization and cash flow dynamics for the applicant. Use analytical software to evaluate loan requests; performing the initial analysis required to complete all data fields, interpreting the results, including any externally derived credit scores, and determining the need for further investigation or analysis.
Spread financial statements, calculating certain ratios, including measures of liquidity, leverage and cash flow, and submitting the request to the appropriate approval channel. Prepare the credit memorandum, as well as any other reports necessary, along with the appropriate recommendation for review by the appropriate loan committee.
Attend Credit Loan Committee meetings, presenting summary information and participating in discussions on other loans being considered.
Perform periodic reviews and/or renewals of commercial relationships and verify risk ratings
Perform annual reviews on the commercial loan portfolio pursuant to the credit union guidelines.
Performs other duties as assigned.
Requirements
Education/Certification:4 year college degree preferred plus 1 - 3 years’ underwriting experience, preferably dealing with commercial/business loans. Customer experience required.
Required knowledge:Basic accounting and/or business finance understanding and general economic conditions and competitor’s rates and terms etc. This position requires that the employee gain a working knowledge of Bank Secrecy Act (BSA) requirements and how they will affect their work, the employee will comply with all requirements of the BSA and cooperate with the designated BSA Officer in assuring compliance.
Experience Required:Experience using P.C. based software including Microsoft Office and lending systems etc.
Skills/Abilities:Ability to project a professional appearance and positive attitude at all times.
Excellent project management, communication and analytical skills. Bilingual a plus.
Equal Opportunity Statement
Employment at our Credit Union is based upon merit, ability, and qualifications. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected status.
Salary Description
$29.30 - $38.46 per hour depending on experience