What are the responsibilities and job description for the Credit Analyst position at Alabama One Credit Union?
Description
The Credit Analyst will assist members with their business/commercial lending needs. This position will analyze loan requests and make recommendations for credit decisions based on established Commercial Lending Guidelines.
Responsibilities
- Meet with loan applicants to identify their needs and collect information for loan applications.
- Analyze current financial position of applicants to determine the degree of risk involved in extending credit or lending money. With guidance from senior lenders, will make recommendations to approve loans or forward to committee for further review.
- Educates applicants/members on loan products, evaluates needs and makes appropriate loan recommendations.
- Prepares and/or reviews all loan documents to ensure accuracy. Ensures that each loan is processed in a timely manner based on Credit Union standards.
- May establish terms and conditions of an approved loan, and communicate lending decisions with borrowers. Responds to member questions and resolves any loan-related issue.
- Maintains up-to-date knowledge of applicable laws, regulations, and policies.
- Performs other duties as assigned.
Requirements
Bachelor's degree in finance, business, or accounting and some related work experience or an equivalent combination of education and experience. Successful candidate will have excellent verbal and written communication skills, and will excel working in a team environment. Must be able to maintain a thorough knowledge of applicable regulations and Credit Union policy. Must be detail-oriented.