Commercial Credit Analyst

The Commercial (Business) Credit Analyst evaluates creditworthiness of commercial loan requests by analyzing financial statement, tax returns, and other related data. Findings are communicated through written credit narratives to support Loan Officers and Loan Committee in lending decisions.

In addition to initial credit analysis, the role includes conducting ongoing portfolio reviews to assess and monitor the level of risk within the existing loan portfolio. Strong analytical and critical thinking skills are essential, along with a foundational understanding of account and finance - or a willingness to learn.

Work Location: This position is able to work onsite, hybrid, or remote (must reside within the states of Michigan or Illinois).

To be considered for this role, candidate must currently reside, or have plans to reside upon hire, within the state of Michigan or state of Illinois as described above. Occasional travel on a quarterly basis to MSUFCU Headquarters (East Lansing, MI) may be needed.

Weekly Schedule: Monday - Friday 8:30am - 5:00pm ET

An offer of employment with MSU Federal Credit Union and affiliates is contingent upon the agreed work arrangement (onsite/hybrid/remote) and work location. MSU Federal Credit Union may or may not be able to accommodate temporary or permanent changes to work arrangements or allow employment outside the city and/or state of residency in which the new hire resides at the time of offered employment.

Compensation & Benefits:

• Salary Ranges:
  • Level I - $27.00 - $33.00 per hour, depending on experience
  • Level II - $33.00 - $41.00 per hour, depending on experience
  • Senior Level -$41.00 - $51.00 per hour, depending on experience
• 100% Company-Paid Health, Dental, Vision, Life, and Long-Term Disability Premiums
• Up to 26 days of PTO within your first year, as well as Volunteer Time Off & 11 Paid Holidays
• 401(k) with a company match
• Tuition Reimbursement
• Up to 12 Weeks of Paid Parental Leave
• Learn more about our benefits here

Essential Duties and Responsibilities -

• Business Credit Analyst I:
  • Analyze financial statements, tax returns, and other data to assess creditworthiness of commercial loan applicants and prepare written credit narratives summarizing financial analysis and risk assessment.
  • Support Loan Officers in loan decision-making with timely and accurate credit evaluations.
  • Conduct ongoing reviews of existing loans to monitor portfolio risk and identify potential issues.
  • Assist in identifying trends in borrower performance and industry conditions.
  • Maintain up-to-date and organized credit files in accordance with policy and regulatory requirements.
  • Develop a foundational understanding of accounting, finance, and credit principles.
  • Collaborate with internal teams to gather necessary financial and business information.
  • Ensure Compliance with internal credit policies and external regulatory guidelines.
  • Demonstrate initiative to learn and grow within the commercial lending and business services field.
  • Understand the Credit Union's policies and procedures to ensure compliance and accountability for managing operational risks. Adhere to established internal controls and procedures to safeguard assets, prevent fraud, and maintain the integrity of credit union operations.
  • Perform other duties as assigned.

• Business Credit Analyst II:
  • Evaluate complex commercial loan requests through in-depth financial and credit analysis.
  • Prepare comprehensive credit memorandums with well-supported risk assessments and recommendations.
  • Conduct ongoing monitoring of loan portfolio performance, including periodic credit reviews and risk rating updates.
  • Identify and analyze trends in borrower financials, industry conditions, and macroeconomic factors.
  • Mentor or provide guidance to other analysts and loan officers on credit analysis techniques and best practices.
  • Collaborate closely with Loan Officers to structure credit facilities aligned with risk appetite and borrower needs.
  • Ensure adherence to credit policy, regulatory requirements, and underwriting standards.
  • Participate in loan committee discussions and respond to questions regarding credit analysis.
  • Assist in identifying early warning signs of credit deterioration and recommend appropriate actions.
  • Contribute to process improvements within the credit analysis function and support departmental goals.

• Senior Business Credit Analyst:
  • Lead the evaluation of large and complex commercial credit requests with minimal oversight.
  • Deliver high-quality, detailed credit memorandums with clear risk assessments and recommendations.
  • Oversee portfolio management activities, including risk rating reviews, covenant monitoring, and annual credit reviews.
  • Identify and assess emerging risks across industries, borrowers, and market trends.
  • Provide strategic input to credit policy development and risk management initiatives.
  • Serve as subject matter expert and resource for underwriting standards and credit structuring.
  • Mentor and train Credit Analyst I and II, providing feedback and technical guidance.
  • Collaborate with Loan Officers and leadership on deal structuring and risk mitigation strategies.
  • Represent the credit team in credit committee meetings.
  • Drive continuous improvement in credit analysis processes, tools, and reporting.

Job Requirements -

• Business Credit Analyst I:
  
  • High school diploma or equivalent
  • Minimum of a bachelor's degree or equivalent experience in business, finance, sales, or related field, or equivalent combination of work experience and education.
  • Experience working with Windows Microsoft 365 applications
  • Experience working in a financial institution, with a strong preference for dedicated work in underwriting or credit analysis
• Business Credit Analyst II and Senior Business Credit Analyst:
  • Experience working in a role dedicated to commercial credit and underwriting within a financial institution

Competencies:

• Core Competencies that must be demonstrated by all Credit Union employees include Communicate, Navigate Change & Evolve, Solve Problems & Make Decisions, Plan, Prioritize, and Achieve, and Collaborate.
• Functional Competencies:
  
  • Communication - Effectively interact with others to facilitate sharing of ideas and clearly articulate information through multiple avenues.
  • Data Analysis - Analyzes and draws insights from relevant data. Uses storytelling to effectively communicate insights and actionable, data-informed recommendations.
  • Detail Orientation - Ensures information is complete and accurate. Adheres to processes as outlined. Follows up to ensure quality and completion of work.
  • Initiative - Takes proactive and prompt action to accomplish work goals. Takes action to achieve results beyond requirements.
  • Organization - Arranges work in a systematic way either on small or large scales.
  • Process Improvement - Spots processes that need improving and can implement those changes.
  • Product Knowledge - Demonstrates knowledge of products, services, and relevant details offered or supported within the position.
  • Superior Service - Prioritizes and acts on the needs of members and employees. Sets the tone and establishes rapport. Acknowledges and clarifies while committing and providing guidance. Summarizes and closes the interaction positively.
  • Teamwork - Works well with internal and cross-functional teams to achieve individual, team, department, and/or organizational goals. Values diverse perspectives and working with others to achieve the best outcome possible.
  • Time Management - Manages time and resources to ensure that work is completed efficiently.

Physical Demands and Work Environment -

• May be required to remain in a stationary position for an extended period.
• Ability to operate standard office technology, equipment, and tools, which may include many hours of computer and phone usage.
• Occasionally needs to move about inside of an office area.
• Frequently needs to move about inside or outside of an office area.
• Exposure to potentially hazardous condition, i.e. robbery. Receives detailed instructions and procedures to be followed to minimize the exposure.
• Frequently moves equipment or materials weighing up to 25 pounds for transport between areas of buildings.
• This position requires onsite presence at the employee's assigned location for all scheduled shifts.
• This position can work in remote working arrangements.

Disclaimer -

• Please note this job description is not intended to be construed as an exhaustive list of all functions, responsibilities, skills, and abilities. Additional functions and requirements may be assigned by supervisors as deemed appropriate. This document does not represent a contract of employment, and MSU Federal Credit Union reserves the right to change this position description and/or assign tasks for the employee to perform, as MSUFCU may deem appropriate.
• MSUFCU is an affirmative-action, equal-opportunity employer.
• To perform this job successfully, an individual must be able to perform each essential job duty satisfactorily. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform essential job functions.