What are the responsibilities and job description for the Senior Credit Analyst position at First Commonwealth Federal Credit Union?
First Commonwealth Federal Credit Union is growing and is looking for a motivated Senior Credit Analyst! Join our team and make an impact by transforming credit data into meaningful insights that guide smart commercial lending decisions for our business members while delivering exceptional service.
Who We Are:
At First Commonwealth, we’re more than a credit union—we’re a financial partner built on purpose. We help our members, businesses, and communities thrive through personalized solutions, trusted guidance, and innovative digital tools that make banking simpler, more efficient, and meaningful.
Every day, we bring new ideas to life, create space for collaboration, and foster a culture where efficiency and innovation lead the way. Here, you’ll join a team of problem solvers, builders, and changemakers who believe in making a tangible difference—whether it’s helping a member buy their first home, empowering a small business to grow, or giving back through community partnerships.
Our mission is to empower the pursuit of financial happiness, and our vision is to become the most beloved financial partner in our communities. We live by our values of Honesty, Innovation, Generosity, Humility, Excellence, and Respect—and they guide everything we do, from how we serve our members to how we support one another.
At First Commonwealth, innovation is encouraged, authenticity is celebrated, and growth is full of possibility. Whether you’re building new skills, shaping ideas, or advancing your career, you’ll find the support and opportunity to make it happen.
We celebrate individuality and inclusion. Our members come from all walks of life, and so do our employees. First Commonwealth is proud to be an equal opportunity employer. All qualified candidates will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, disability, age, veteran status, or any other characteristic protected by law.
What you will do:
As our Senior Credit Analyst you will be accountable for analyzing credit data for the preparation of appropriate credit presentations required for commercial loan approval. Become familiar with the commercial loan portfolio and Business Solutions Relationship Managers. Provide effective service for business members by reviewing and analyzing commercial loans in accordance with established credit union policies and procedures under the direction of the Vice President, Credit Administration. In this role you will:
- Perform a variety of essential and often complex financial analysis in accordance with Business Solutions Lending Policy in a timely and accurate manner.
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money. Analysis should include financial data such as income and expense trends, cash flow and the ability to service debt, assessment of primary, secondary and tertiary sources of repayment, quality of management, and when applicable, comparison with similar industries and market share. The character of the Borrower, DTI ratios, liquidity, collateral, and sources and uses of funds will be included in each analysis.
- Prepare comprehensive credit memos for presentation to committee or the appropriate approval authorities.
- Analyze personal financial information of all Borrowers and Guarantors, examining personal and business credit reports, assets, liquidity and banking information, debt, and any secondary sources of income.
- Prepare credit memos which include a comprehensive overview of the proposed credit facility, history and background, details of the request, project or business cash flow analysis, global cash flow analysis, collateral overview, and recommended risk rating.
- Work with Business Solutions Relationship Managers to become familiar with the Borrower and the credit request. Accompany them when requested on member or prospect visits.
- Stay updated regarding knowledge of current internal Business Lending Policy; as well as macro- and micro- economic data regarding interest rates and Commercial Lending trends as it relates to Borrowers in our field-of-membership
Ongoing credit relationship maintenance consistently meeting timeliness/accuracy of documentation.
- Work with Business Solutions Team to ensure that all documentation required for credit analysis (such as tax returns, signed leases, rent rolls etc) is saved in the credit file; and that the files are kept organized and consistent. Track Annual Reviews to comply with policy requirements.
- Prepare appropriate credit memos that include a comprehensive overview and analysis of the credit relationship, any changes to the overall credit quality, and recommendations for maintaining, upgrading, or downgrading the risk rating.
- Prepare annual review and renewal of credit lines when total exposure meets the annual review threshold in a timely manner to ensure approval prior to the scheduled maturity date. Analysis and recommendation for renewal should be comparable to that of a new credit request.
Provide superior service to members, cross offering all credit union products and services when appropriate, handling member issues and concerns in a timely manner, and assist with the effective and profitable functioning of the Business Solutions Department in accordance with the established policies and objectives of the credit union.
Maintain the Credit Admin Work in Process (W.I.P.) report; prepare and maintain other reports as required and update credit files as appropriate
To succeed in this role, you will have:
- Bachelor’s Degree in Accounting/Finance or related field.
- 5 years business credit experience.
- Experience in reviewing and analyzing business tax returns and financial statements.
- Strong understanding of accounting rules and practices, financial ratios, and cash flow analysis used to evaluate borrower strength and creditworthiness.
- Knowledge of underwriting standards, loan structuring, collateral evaluation, and NCUA/compliance regulations.
- Proficiency in Microsoft Excel and other Office applications, with experience using credit analysis software such as Sageworks, nCino, or similar.
- Familiarity with commercial lending policies, lending limits, risk ratings, and applicable federal and state regulations.
- Understanding of local market conditions, industry trends, and economic factors that impact member and business lending performance.
- Ability to analyze financial statements, cash flow, and credit data to assess a borrower’s repayment capacity and overall risk.
- Apply critical thinking and ethical reasoning to make well-informed credit recommendations aligned with policy and member interests.
- Clearly communicate complex financial information, both in writing and verbally, and effectively presents credit recommendations to decision-makers.
- Maintain accuracy in data review, documentation, and reporting while managing multiple priorities efficiently.
- Understand lending regulations, credit policies, and uses financial analysis tools and credit systems to ensure compliance and accuracy.
Preference will be given to those who have:
- 7 years of related experience in a Credit Union or Bank commercial credit department or similar environment.
Expected hours: 40 per week
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Flexible spending account
- Health insurance
- Health savings account
- On-site gym
- Paid time off
- Referral program
- Tuition reimbursement
- Vision insurance
- Volunteer time off
Work Location: In person