Senior Credit Analyst

POSTED: February 1, 2019
BUSINESS: PFCU
POSITION TYPE: Full-time/Exempt
START DATE: Immediate Availability

Position Summary:

The Senior Credit Analyst is responsible for ensuring credit requests and existing relationships remain in compliance with federal regulations as well as company policy and procedures. Job responsibilities also center on managing risk in the commercial loan portfolio both on an individual credit basis as well as the entire commercial loan portfolio. 

*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
  • Prepare formal credit risk assessment analysis on new and existing credit
  • Work with Loan Officer to establish, determine and recommend appropriate controls and formulas as may be required as based upon the complexity and risk of a credit proposal (i.e. loan agreement language, borrowing base certificate advance rates, and formulas, etc.)
  • Evaluate trends in member data to promptly identify and report areas of concern and potential problem loans, and determine courses of action to mitigate the problems. Communicate the findings to loan officers and senior management
  • Order appraisals as directed or review and prepare summary evaluation on all formal appraisal reports to identify material weaknesses and deficiencies and report such findings for corrective action
  • Assist Credit Manager as assigned in oversight of credit department
  • Monitor loan covenant tracking & compliance and loan exceptions. Work with loan officers to clear exceptions
  • Recommend grade changes and assess/analyze problem loans
  • Assist in review of portfolio by completion of annual reviews; stress test portfolio and local market
  • Assist in training and development of Member Business staff
  • Review construction draws to ensure budget remains in balance, completed work supports requested funding, and appropriate lien waivers are provided
  • Manage verification of adequacy and completeness of loan files; perform post-closing review
  • Internal support of departmental projects and activities
  • Collect and assemble portfolio data for special reports to management, MBL Committee and Board
  • Responsible for creating department and credit union reports
  • Research and investigate local and national economic trends that may impact current loans and collateral
  • Provide guidance and assistance to MBS Operations Specialist in performing monthly reports and problem resolution regarding member and staff issues and questions
  • Attend continuing education seminars on credit analysis and analysis software to enhance personal knowledge and skill
  • Assist in training new departmental staff on all aspects of Suntel, Spectrum Branch Suite, and other operational software used by Purdue Federal MBS

 Knowledge, Skill, and Ability Requirements:

  • Bachelor's degree in Business, Finance, Management or related field required
  • College credit hours in accounting preferred
  • 2-4 years experience in lending institutions analyzing credit required
  • Fundamental understanding of accounting principles
  • Strong financial statement analysis skills within assigned disciplines with demonstrated versatility
  • Strong computer skills; proficient in MS Excel
  • 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 company contacts
  • Ability to follow 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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