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Commercial Credit Analyst II

Company: Community Financial Credit Union
Location: Novi
Posted on: February 24, 2021

Job Description:

Be a part of One Team One Mission!
Would you like to be part of an organization that believes in being passionate about what you do?
Do you want the ability to be involved in the community you work in and spending time involved with numerous charitable organizations?
Join the CFCU family where we put our members and team members first.
Our Total Rewards package includes medical, dental, and vision with a generous time-off package, matching 401 (k), and paid time off to do volunteer work.

A Day in the Life:
The Commercial Credit Analyst II prepares and analyzes commercial loan requests following policies and procedures set forth by the credit union. Likewise, the Analyst conducts annual due diligence for loans and updates policies and procedures to ensure compliance with NCUA and internal goals set forth by the Executive Leadership Team. This individual works with other Commercial Credit Analysts to increase the functionality and efficiency of the department relating to the origination, underwriting, and maintenance of Commercial Credit and its associated risks.

Essential Functions and Responsibilities:
The minimum requirement for any team member of our company is to work collaboratively and cooperatively with others, with a commitment to a workplace of dignity and respect, in compliance with Equal Employment Opportunity standards and regulations. We also require, as a minimum standard, that all team members have the ability to accept direction and constructive criticism from supervisors and managers.

  • Analyze, evaluate, and make independent decisions on the quality of credit, income, assets, property and risk to determine probability of repayment for all commercial loan requests.
  • Perform credit analysis/underwriting.
  • Review financials (Income Statement, Balance Sheet, Tax Returns, etc.).
  • Calculate debt service coverage ratios (business, personal and global), cash flows, and other applicable financial ratios.
  • Research industry data for industry comparisons.
  • Review credit reports (business and personal) and business entity documentation/searches.
  • Perform collateral analysis as needed, including title work, appraisals, environmental reviews, and flood certifications.
  • Perform initial review, analysis, and recommendation on new participation loan requests.
  • Obtain third-party underwriting reviews by coordinating between the Member Business Loan Committee and the credit union's underwriting vendors.
  • Prepare written analysis, including decision recommendations for applications above approval authority.
  • Coordinate with Loan officers to clear conditions and fulfill loan requests.
  • Coordinate and participate in the Member Business Loan Committee.
  • Perform pre- and post-closing functions, including but not limited to:
  • Order/coordinate vendor services (credit, flood, appraisal, title work, etc.).
  • Create or request closing documents.
  • Perform data entry into loan systems.
  • Post-close loan files.
  • Process construction draw requests.
  • Perform administrative functions of commercial lending, including but not limited to:
  • Conduct annual loan reviews on portfolio loans and loan participation requests (request financials, follow-up, review, and report).
  • Perform annual vendor reviews of third party vendors and CUSOs used for participation loans.
  • Update policies and procedures related to commercial lending.
  • Adhere to NCUA regulations related to commercial lending.
  • Assist management with projects in order to increase the functionality and efficiency of the department.
  • Perform other duties as directed by leadership.
    Qualifications Required:
  • High school diploma or equivalent.
  • 1 year of credit analysis or related experience.
  • Demonstrated ability to read and analyze banking and financial reports inclusive of legal documents.
  • Practical working knowledge of financial statement analysis.
  • Proficiency using Excel and Word required.
    Qualifications Preferred:
  • Bachelor's degree in business, finance, or accounting.
  • 1 year of construction & development loan underwriting experience.
  • 1 year of construction draw review experience.
  • 1 year of experience underwriting participation loans.

    Core Competencies:
  • Member-focused: Championing our service philosophies to all internal & external members.
  • Productive: Achieving excellence with attention to detail.
  • Proactive: Taking initiative and ownership.
  • Analytical: Using critical-thinking and problem-solving skills.
  • Organized: Efficiently managing time and other resources.
  • Communicative: Accurately expressing oneself verbally and in writing.
  • Supportive: Being approachable, respectful, and team-oriented.
  • Teachable: Embracing continuous improvement.
  • Confidential: Maintaining a high level of confidentiality.
  • Compliant: Respecting regulations, policies, and procedures.
  • Computer proficient: Adept at using computers.
    Working Conditions:
    This position works in-office and remotely. Work requires an appropriate work environment in the home. In-office working conditions are normal. Lighting, temperature, audio, and work space are all sufficient. Work requires the ability to constantly operate a computer and the ability to read, type, and communicate.
    Disclaimer/Intent and Function of Job Descriptions:
    The above information on this description has been designed to indicate the general nature and level of work performed by team members within this classification. Because the nature of positions and job functions can change over time, this job description is not designed to contain or be interpreted as a comprehensive inventory of all essential functions, duties, responsibilities and qualifications required of team members assigned to this job. Job duties may be changed or modified in the Credit Union's discretion. The Credit Union will keep team members updated on key functions, duties, and requirements of their position by communications from the Credit Union and by updating the job description from time to time. Any team member with questions about the nature of their job duties is encouraged to consult with his or her supervisor.

    Equal Employment Opportunity Policy:
    Community Financial Credit Union is an equal opportunity employer (M/F/D/V). We recruit, employ, train, compensate, and promote without regard to race, religion, creed, color, national origin, age, gender, sexual orientation, marital status, disability, veteran status, or any other basis protected by applicable Federal, State or local laws.
    Note: If you have issues applying, please try using the Google Chrome or Firefox web browsers on a computer.


Keywords: Community Financial Credit Union, Novi , Commercial Credit Analyst II, Professions , Novi, Michigan

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