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Credit Analyst - Commercial

Location: Bethalto
Posted on: May 28, 2023

Job Description:

Commercial Credit Analyst Bethalto"Exceeding Member Expectations"It is what we do at 1st MidAmerica Credit Union!1st MidAmerica Credit Union has over 86 years of history servicing members of the Metro East, Illinois and Kansas City areas. We have 12 branches currently throughout the area servicing over 68,000 residents in 31 counties!We are looking for service-oriented individuals to fill a Commercial Credit Analyst position at our Bethalto Branch. If you enjoy helping people and are detail oriented, we encourage you to apply and become part of our team!This position comes with a world-class benefits package that includes: Medical, Dental and Vision insurance, both in and out-of-network coverage, with eligibility for 100% company paid medical on preventative care. We also offer company paid Life, ADD, STD and LTD insurance. Company paid technical training and $2K per year in tuition reimbursement for other relevant coursework. But what is even more world class is our 401K program! We contribute 10% of an employee's annual salary after one year of service - no employee contribution required.Don't miss out on an opportunity to join a growing organization that is a dedicated part of your community!Role:The Commercial Credit Analyst is responsible for the completion of analytical tasks associated with underwriting and monitoring of the Commercial Loan Portfolio. The responsibilities may include, but are not limited to, the preparation of corporate and personal financial statement spreads, global cash flow analyses, monthly borrowing base testing, and the tracking and monitoring of the Commercial Loan Portfolio. The monitoring may include, but is not limited to, credit policy exceptions and covenant compliance. The Analyst works closely with our Chief Lending Officer, the Vice President of Commercial Services, and other employees within both Credit Administration and Commercial Lending. Work is varied in nature with changing priorities. Incumbent applies knowledge of commercial lending principles and technologies to work performed. Works under limited supervision and in compliance with established policies, procedures and regulations. The Analyst supports loan and revenue growth through identification and management of risk and recommending solutions to minimize risk.Knowledge, Skills and Abilities:" 3-5 years current and related experience in a credit union/banking environment" Equivalent to a college degree (BS or BA in a relevant field)." Personal Computer proficiency - including Microsoft and Windows applications. Must be proficient in Microsoft Word, Excel and Outlook." Knowledge of credit reporting and lending practices" Experience with banking/financial/lending operating system(s) strongly recommended" Strong verbal and written communication skills." A significant level of trust and diplomacy is required, in addition to normal courtesy and tact. Work involves extensive personal contact with others and is usually of a personal or sensitive nature. Work may involve motivating, influencing or training others. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others.Essential Functions and Responsibilities:" Spreads and analyzes business and personal financial statements and tax returns, accounts receivable and payable aging, inventory reports, third party appraisal reports, and related material. Determines cash flow using appropriate software and cash flow models. Analyzes financial conditions, industries, and trends." Conducts credit investigations and analyzes credit information pertaining to loans. Investigates all available sources of credit and financial information, including reporting services, credit bureaus, other companies, main office files, and branches." Collects financial information and performs covenant monitoring and testing. Ensures that all credit files include proper documentation including current financial statements, agency reports, etc. Reviews and reports non-compliance with loan covenants. Completes annual loan reviews, risk grades, and problem loan reports." Conducts industry research and assists with special projects as assigned." Other duties as assigned.This description is not a complete statement of all duties and responsibilities comprising this position.

Keywords: 1ST MIDAMERICA CREDIT, Springfield , Credit Analyst - Commercial, Professions , Bethalto, Illinois

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