Senior Credit Analyst
Commercial Alliance Senior Credit Analyst
SENIOR CREDIT ANALYST
Commercial Alliance provides a comprehensive suite of lending services designed to help credit unions succeed with business members across six states. As a Senior Credit Analyst, you will be responsible for assessing the credit worthiness of individuals and businesses seeking loans or credit lines. You will analyze financial data, evaluate risk factors, prepare credit memo write-ups, and provide recommendations regarding credit decisions. You will also review existing loans for financial performance and compliance with covenants and reassess risk ratings.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Spread, review, and analyze financial statements, credit reports, collateral evaluations, and other relevant financial information of prospective borrowers. Prepare and underwrite credit presentations for recommendation.
- Independently analyze new loan deal packages and assist in recommending loan structure in accordance with established policies and guidelines.
- Evaluate the risk associated with extending credit to individuals or businesses based on factors such as income, debt levels, payment history, and market conditions.
- Ensure compliance with company credit policies and procedures when evaluating credit applications.
- Monitor the performance of existing credits, evaluate financial performance and covenant compliance, identify potential risks, and recommend appropriate actions per policy.
- Stay informed about industry trends, economic indicators, and regulatory changes that may impact credit risk.
- SBA underwriting or assistance with SBA programs or SBA packaging as LSP.
- Perform other duties as assigned.
QUALIFICATIONS:
Required Skills/Abilities:
- Previous experience in credit analysis.
- Strong analytical skills with the ability to interpret financial data, lease agreements, and other contract documents.
- Knowledge of loan structuring, financial markets, accounting principles, and credit risk assessment techniques.
- Excellent communication and interpersonal skills.
- Attention to detail and ability to work independently.
- Familiarity with regulatory requirements and industry best practices in credit risk management preferred.
- Familiarity with commercial loan documentation.
- Conversant with advanced level accounting principles (cash/accrual basis, cost, and contractor), lending experience helpful.
- Knowledge of and ability to read, interpret and draw accurate conclusions from financial and numerical material.
- Ability to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to priority and time allocation.
- Proficiency in Microsoft Office applications (Outlook, Teams, Excel, Word, PowerPoint).
EDUCATION AND EXPERIENCE:
Required:
- Bachelor's degree in finance, accounting, economics, a related field, or equivalent related experience
Preferred:
- 5+ years of commercial credit analysis experience
- Familiarity with Abrigo or other LOS software
WHAT WE OFFER
Commercial Alliance offers exciting and challenging opportunities to thrive in a dynamic, collaborative, and innovative environment. As a member of our team, you'll benefit from a competitive salary and comprehensive benefits package. Additionally, you'll have access to unique opportunities for professional and personal growth, along with recognition and rewarding experiences.
If you are a strategic thinker with a passion for delivering exceptional products and working in a fast-paced environment, we would love to hear from you. Apply today to join our team!