Virtual Employee Services (C) is hiring: Credit Analyst in Middletown

Heritage Financial Credit Union is in search of a Commercial Credit Analyst in Middletown, NY!! SALARY: $65,000 - $81,000 Annually

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.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

1. 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.
2. 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.
3. Attend Credit Loan Committee meetings, presenting summary information and participating in discussions on other loans being considered.
4. Perform annual reviews on the commercial loan portfolio pursuant to the credit union guidelines.
5. Perform periodic reviews and/or renewals of commercial relationships and verify risk ratings.
6. Gather data to maintain various portfolio monitoring and control reports.
7. Provide assistance with maintenance of the loan origination system (LOS). Ability to manage detail-oriented projects or requests and proficiency with spreadsheets and other computer programs will be required.

QUALIFICATIONS

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.

Requirements

Experience Required: Experience using P.C. based software including Microsoft Word and Excel.

Skills/Abilities: Ability to project a professional appearance and positive attitude at all times. Excellent project management, communication and analytical skills.

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.