Credit Analyst

POSTED: March 29, 2021
BUSINESS: Purdue Federal Credit Union
POSITION TYPE: Full-time
START DATE: Immediate Availability

Position Summary:

 

The Credit Analyst I is responsible for the collection, evaluation and analysis of financial data in regards to member business loan requests and ongoing relationships to identify and quantify risk and financial capacity of borrowers. It is also responsible for monitoring compliance with NCUA regulations and Purdue Federal’s policies and procedures on all existing and prospective Member Business loans.

 

*Employees are expected to adhere to all rules and regulations applicable to this position, including but not limited to all policies and procedures pertaining to the Bank Secrecy Act.

 

Duties and Responsibilities (Essential Functions):

  • Review and analyze credit requests to determine financial and non-financial strengths/weaknesses, risk level, and feasibility of proposed credit relationships and transactions
  • Build financial spreads in the loan origination system that will serve as the basis for all financial analysis’ performed in the role
  • Prepare formal credit risk assessment analysis on new and existing credit in the loan origination system. Analysis should include historic and projected financial performance as well as industry information and qualitative factors relevant to the decision
  • Prepare annual reviews of larger credit relationships
  • Develop a masterful knowledge of Purdue Federal Member Business Services’ policies and procedures.
  • Recommend appropriate covenants and conditions as may be required based upon the complexity and risk of a credit proposal (i.e. loan agreement language, borrowing base certificate advance rates, etc.)
  • Evaluate trends in customer data to promptly identify and report areas of concern and potential problem loans, and develop suggested mitigants. Communicate the findings to Credit Manager.
  • Review appraisals to identify variances from USPAP that may exist and report such findings to the Credit Manager
  • Collect and assemble portfolio data for special reports of credit data as needed.
  •  
  • Use IBISWorld and other market data to support an effective industry & market analysis for each credit request.
  • Attend continuing education seminars on credit analysis and financial analysis software to enhance personal knowledge and skill
  • Assist in training new departmental staff on all aspects of Suntel, Spectrum Branch Suite, Nautilus, nCino, IBISWorld, and other operational software used by Purdue Federal MBS

 

Knowledge, Skill, and Ability Requirements:

  • Educations and Credentials
    • Bachelor's degree in Business, Finance, Management or related field
  • College credit hours in accounting strongly preferred
  • Experience
    • 1-3 years’ experience in lending institutions analyzing credit required
  • Knowledge/Skills/Abilities
    • Strong financial and analytical skills
    • Strong computer skills; proficient in MS Excel
    • Experience with Salesforce preferred
    • Excellent organizational skills, attention to detail, and the ability to complete assignments in a timely manner
    • Ability to communicate, verbally and in writing, in a professional manner when dealing with employees, members, vendors and others
    • Demonstrate the core values of honesty, integrity, mutual respect, pride and ownership

 

Work Environment/Physical Demands:

  • This job operates in a clerical office setting. This role routinely uses standard office equipment such as computers, phone, photocopiers, filing cabinets and fax machines
  • This position requires manual dexterity, the ability to lift files and open filing cabinets
  • This position requires sitting, bending, stooping or standing as necessary

 

 

Benefits:

Purdue Federal offers competitive wages including an advancement program, excellent benefits, training and development opportunities, and employee appreciation.

 

It is the policy of Purdue Federal Credit Union not to discriminate against any employee or applicant for employment because of race, color, religion, age, sex, national origin, disability, marital status, genetic information, sexual preference, ancestry, student status, veteran status or arrest and conviction records or any other protected class not directly relevant to employment.

 

Application Instructions:

For further details or if you are interested in joining one of the “Best Places to Work in Indiana” where Honesty, Integrity, Mutual Respect, and Pride & Ownership are the core values, please complete our online application:  https://purduefedcareers.silkroad.com/

 

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