Credit Analyst

Mission

Empowering businesses in all communities by providing access to responsible capital and resources.

Vision

To create a more inclusive economy by ensuring every business owner has a path to success.

Core Values

Strengthen communities through collaboration.

Leading with transparency and authenticity

Celebrating diversity and embracing our differences

Engaging on a personal level

Who We Are

Pursuit is a community-focused lender that provides small businesses with affordable loans and resources so that they can reach higher, transform, and grow. That transformation may start with an individual borrower, but ultimately extends into the broader community, taking shape as new employment opportunities, economic development, and positive change.

What We Do

For more than 65 years, we have been 100% invested in the success of our clients. Pursuit offers a suite of innovative financing products designed to expand access to capital for small businesses. Our range of loans and lines of credit range from $10,000 to $5.5 million for businesses ready to make their next big investment. We have designed our application processes and loan terms with more flexibility than traditional banks. Our signature loan programs include commercial real estate financing, general business funding, and fast business funding through a digital platform. We leverage deep, long-term relationships with banks and community partners to serve clients in New York, New Jersey, and Pennsylvania.

About the Job

This is an opportunity to be responsible for a multitude of credit functions, which includes spreading and analyzing financial statements and tax returns, analyzing cash flow, management, personal cash flow, and repayment ability of potential borrowers, preparing loan write-ups for new loan requests, as well as perform updated financial analysis for 327 / Modifications, Financial No Adverse Change Memos, and Annual Loan Reviews on existing loans for credit quality and updated risk rating.

What You’ll Do

• Spread and analyze financial statements and tax returns to identify any trends in the financial operations of the potential borrower and determine creditworthiness.
• Analyze cash flow and repayment ability of potential borrowers ensuring program benchmarks are met.
• Review business and managerial plans, credit reports and other research as appropriate to determine creditworthiness of loan applicants.
• Review all application documents to verify loan program eligibility and work directly with loan officers as necessary to discuss any issues.
• Prepare summary credit memo on proposed loans for distribution to senior management for review and approval.

Loan File Processing:

• Work directly with the appropriate party/parties to request and receive all answers/items to credit related questions during the underwriting process.
• Organize and maintain accurate and complete virtual loan file throughout the process.
• Proactively work on loan files to ensure that applications move through the process in a timely fashion.
• Provide project summary and high-level review of loan file to Credit Administration and provide recommendations as necessary.

Technology:

• Utilize internal and external technology systems to review, process, and track active loan files.
• Maintain accurate loan file database for managerial reporting purposes.
• Assist management in improving technological processes by providing feedback on loan systems and potential efficiencies that can be gained in loan processing.

Coordination and Communication:

• Communicate both verbally and via email with borrowers, loan officers and internal staff as necessary to move loan file through process in a timely manner.
• Coordinate underwriting and approval of loan files with loan officers and loan processors.
• Review loan approval documents for consistency and accuracy as well as compliance with all internal and program guidelines.

What You’ll Bring

We’re looking for a detail-oriented analyst with strong interpersonal skills who checks most of these boxes:

Education: Associate degree in a related field, required.

• Experience: SBA loan experience and commercial underwriting experience. Preferred and prior banking experience desired.
• Able to multi-task and meet frequent deadlines.
• Consistently produce high-quality work.
• Other duties as assigned by Credit Administration.
• Final candidates must be able to pass all pre-employment screenings, including background, criminal and credit check, and drug testing.
• Applicants must be authorized to work in the U.S. We do not provide sponsorships for those who require a sponsorship in order to work in the U.S.

Additional Information

We will give consideration to and provide training for veterans interested in a career in finance/ banking provided that the applicant has completed at least two years of college with an accredited institution.

Final candidates must pass all pre-employment screenings, including background check, credit check, and drug screening.

What We Offer

A collaborative environment of mission-focused professionals dedicated to helping communities and economies grow through business lending. We seek individuals who want to blend a career in financial services with a career serving others. Pursuit extends its employees’ competitive salaries and a range of benefits including, including but to:

· Health Insurance, generous employer premium contribution

· Fully paid Dental, Vision, and Life Insurance

· Generous 401(k) match

· Flexible spending account

· Holiday and Paid Time Off

· Volunteer Time Off

· Paid Parental Leave

· Referral Program

· Educational assistance after two years of employment

· Mentorship Program

· Summer work hours

How to Apply/Contact

Please submit a cover letter and resume and/or completed Employment Application.

HRTeam@pursuitlending.com

https://pursuit-hr.formstack.com/forms/employment_application

How We Help

We believe that when local businesses thrive, they provide good, stable jobs, recycling the money they spend back into the community to help it grow. Our loans are offered with affordable rates to ensure that our clients can continue growing and positively impacting their neighborhoods. While compelling founders’ stories are what drive us every day, we are proud to work with small businesses at scale:

$4 billion lent, $1.2 billion in the last 5 years

$2 billion portfolio of small business loans

70,000 jobs created.

10,000 loans to small businesses

10,000 hours of advisory and educational services

Based on our compensation benchmarking survey, the estimated salary range for this position is $50,000 – 60,000 and is commensurate with education and experience.

We are an Equal Opportunity Employer and comply with all applicable federal, state and local laws regarding nondiscrimination. We provide equal opportunities to all employees and applicants for employment without regard to race, creed, color, religion, sex, gender identity or expression, sexual orientation, marital status, national origin, citizenship status, age, veteran status, disability, genetic information, pregnancy, childbirth or related medical conditions or any other status protected under applicable federal, state or local law.

Job Type: Full-time

Pay: $50,000.00 - $60,000.00 per year

Benefits:

• 401(k) matching
• Dental insurance
• Flexible spending account
• Health insurance
• Paid time off
• Parental leave
• Referral program
• Tuition reimbursement
• Vision insurance
• Volunteer time off

Work Location: In person

Salary : $50,000 - $60,000