Commercial Credit Analyst job in Garfield Heights, OH | Ohi...

Commercial Credit Analyst
Ohio Catholic Federal Credit UnionGarfield Heights, OH2 months ago
Job Summary: The responsibilities of the credit analyst include analyzing credit data and financial information of persons or companies that are applying for credit or loans to determine the risk that the credit union.
Essential Functions and Responsibilities:
Credit Underwriting:
  • Possesses a working knowledge of credit structure, collateral documentation, general lending policies and regulatory requirements.
  • Performs initial screening and underwriting of new lending opportunities developed by the commercial lender.
  • Pulls Credit Report
  • Lexis Nexis Report for new relationships > $500,000
  • Prepares memorandum and facilitates the initial underwriting of new transactions and/or renewals.
  • Calculates Aggregate commitment as defined under “Associate Borrower Rule” (1)
  • Short form underwriting analysis.
  • Updates Credit Write Ups for annual review
  • Spread Statements
  • Sources and uses of funds
  • Evaluating risk rating and makes revision recommendations.
  • Cash flow and financial statement analysis
  • Collateral assessment; completion of loan risk rating matrix; and
  • Preparation of adverse action notices when appropriate
  • Reports deteriorating credit situations.
  • Assist Relationship Managers with underwriting, analysis, Loan Proposal Letters and Credit Approval Memos for proposed renewals and modifications of loans to existing clients and extension of new loans to existing and new clients.
  • Develop and negotiate the strategies needed to enhance the credit-worthiness of accounts, including modifications, restructurings, in order to retain clients and minimize losses.
Portfolio Review:
  • Assist with the collection and tracking of client information to facilitate on-going portfolio management including financial statements, tax returns, borrowing base and covenant calculations, annual reviews, renewals, and risk ratings.
  • Responsible for ongoing portfolio review of:
  • Annually collect and track financial statements of existing loans
  • Works with team to collect items needed for line renewals and annual reviews.
  • Past dues
  • Exceptions
  • Maturing loan reports.
  • Loan covenant tracking and compliance.
  • Reports past dues to officer or makes contact to collect payment
  • Makes appropriate recommendations for these accounts
  • Maintain knowledge of the regulatory and compliance landscape, policies and procedures, and understanding the unique needs of our organization such as product mix, asset class concentrations, loan structure, credit quality, and other considerations.
  • Other projects in support of the management team, including assisting with third party exam preparation, generation of reports for the group and senior management.
  • Prepare and present regular reporting to management as requested.
Loan Documentation:
  • Supports Commercial Loan Administration:
  • Prepares Loan Documents
  • Request Appraisal Bids & Appraisal
  • Ensure Membership and loans are accurately set up on Core System. (Eypsis)
  • Processing and disbursement of loans when applicable;
  • Implementing interest rate changes
  • Processing credit line billing statement
  • Identify and facilitate the pre-closing completion of all necessary lien searches as well as assist in clearing any issues.
  • Image all documentation including closed loan packages
  • Interact external contacts including accountants, attorneys, appraisers, consultants, insurance agencies and title agencies as needed.
  • Loan closings
  • Proactively assists lenders in facilitating the timely engagement of critical third parties to facilitate closing of approved credits.
  • Reviews all necessary loan documents with stated credit approvals and loan policies.
  • Sends Loans to be signed to Lender &/or DocuSign to members
  • Ensures loan documentation files are complete, including comprehensive documentation of the decision-making process.
  • Ensures adherence to credit policy, guidelines and regulatory requirements.
  • Flood Zone & Insurance verification
  • Loan To Value Limits
  • Construction:
  • Completes draw request on lines of credit and construction lines of credit based on availability and/or percentage complete. Requests inspections and updated title on Construction loans as needed.
  • Ensures funding of construction loan disbursements in accordance with policy.
  • Works closely with borrower, title companies and other third parties to ensure accurate disbursements with ongoing monitoring and record keeping.
  • Monitors construction line expiration and conversation date.
  • Responsible for the ongoing portfolio management including the potential identification and documentation of
  • Expiring UCCs (have to be renewed every 5 years)
  • Releasing liens on Payoffs
Job Requirements:
  • Bachelor’s Degree preferred
  • Eight of more years of experience in Commercial Lending, Credit Administration, Lending Support, and or Loan Operations.
  • Ability to work under critical time constraints.
  • Ability to multi-task and enjoy doing it along with presenting a positive, team-oriented, attitude
  • Keen problem solving and resolution technique
  • Detail oriented and strong organizational skills required. Proficiency in Microsoft Excel and Word required
  • Proficient use of Word and Excel with experience producing useful management reports
Physical Requirements/Work Environment: May lift up to 10 lbs.;Office work- must be able to use a PC and phone; hearing and site are required to perform this job; may need to sit for long periods of time in front of a computer.
Job Type: Full-time
Benefits:
  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Employee assistance program
  • Health insurance
  • Life insurance
  • Paid time off
  • Referral program
  • Tuition reimbursement
  • Vision insurance
Physical Setting:
  • Office
Schedule:
  • Monday to Friday
Supplemental Pay:
  • Bonus pay
Education:
  • Bachelor's (Preferred)
Work Location: One location
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