Summit Credit Union
Business Credit Analyst 3
Summit Credit Union, Cottage Grove, Wisconsin, United States,
Responsible for analyzing business loan requests to develop thorough and objective credit presentations while ensuring the bank's lending policies are followed. Includes analysis of business and personal cash flow and financial statements, comparison with industry trends and/or projections, understanding of collateral requirements and reviewing collateral valuations. These responsibilities also include establishing necessary monitoring reminders to ensure financial requirements are followed. Primary focus will be on preparing credit presentations for our borrowing relationships in the top 25% of the loan portfolio. This may include joint calls with Business Relationship Managers to gain necessary insight and information. In addition, performing annual reviews, peer reviews and complete financials spreads.
Expected Outcomes
Credit presentations are prepared and analyzed to ensure a high quality, accurate assessment of the credit can be determined that identifies strengths and weaknesses of the request.Business Relationship Managers and Portfolio Managers can rely on the Business Credit Analyst 3s oversight and monitoring of the relationships in the top 25% of the loan portfolio.Credit risks are identified early and escalated to leadership.Credit presentations prepared by Business Credit Analyst 1 and 2 team members are reviewed; coaching and recommendations are made to improve the quality of presentation and education for the team members.
Capability Requirements
Bachelor's degree in finance, Accounting, Economics, or related field of studyFour or more years of experience with commercial loan credit analysis; or combination of applicable work experience and educationSolid understanding of financial statements including but not limited to tax returns, profits & loss statements, balance sheets and other business financials.Awareness of laws and regulations that govern lending and accounting practices.Professional well developed interpersonal and communication skills essential for interacting with credit union staff and members.Ability to work effectively in a team-based environment with a variety of personalities.In-depth mathematical skills required (calculations and concepts involving decimals, percentages, fractions, dividend, interest, payoff, and equity calculations etc.).Strong attention to detail with the ability to work efficiently and accurately under pressure and meet deadlines.Ability to plan, prioritize and organize work effectively, make logical decisions and carry out decisions.Working knowledge of Microsoft Word, Outlook, and intermediate knowledge of Excel.
Why Summit?
Member Focused:
Our primary goal is to enhance our members' financial well-being.Growth Opportunities:
We support your professional development and career advancement.Community Engagement:
We actively contribute to and invest in our community.Work-Life Balance:
Flexible work schedules and a supportive environment ensure you can balance your career and personal life.Innovative Spirit:
We embrace new ideas and technologies to provide the best services to our members.
The above information in this description has been designed to indicate the general nature and level of work performed by employees in this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all outcomes, responsibilities and qualifications required of employees assigned to this job.
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Expected Outcomes
Credit presentations are prepared and analyzed to ensure a high quality, accurate assessment of the credit can be determined that identifies strengths and weaknesses of the request.Business Relationship Managers and Portfolio Managers can rely on the Business Credit Analyst 3s oversight and monitoring of the relationships in the top 25% of the loan portfolio.Credit risks are identified early and escalated to leadership.Credit presentations prepared by Business Credit Analyst 1 and 2 team members are reviewed; coaching and recommendations are made to improve the quality of presentation and education for the team members.
Capability Requirements
Bachelor's degree in finance, Accounting, Economics, or related field of studyFour or more years of experience with commercial loan credit analysis; or combination of applicable work experience and educationSolid understanding of financial statements including but not limited to tax returns, profits & loss statements, balance sheets and other business financials.Awareness of laws and regulations that govern lending and accounting practices.Professional well developed interpersonal and communication skills essential for interacting with credit union staff and members.Ability to work effectively in a team-based environment with a variety of personalities.In-depth mathematical skills required (calculations and concepts involving decimals, percentages, fractions, dividend, interest, payoff, and equity calculations etc.).Strong attention to detail with the ability to work efficiently and accurately under pressure and meet deadlines.Ability to plan, prioritize and organize work effectively, make logical decisions and carry out decisions.Working knowledge of Microsoft Word, Outlook, and intermediate knowledge of Excel.
Why Summit?
Member Focused:
Our primary goal is to enhance our members' financial well-being.Growth Opportunities:
We support your professional development and career advancement.Community Engagement:
We actively contribute to and invest in our community.Work-Life Balance:
Flexible work schedules and a supportive environment ensure you can balance your career and personal life.Innovative Spirit:
We embrace new ideas and technologies to provide the best services to our members.
The above information in this description has been designed to indicate the general nature and level of work performed by employees in this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all outcomes, responsibilities and qualifications required of employees assigned to this job.
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