What are the responsibilities and job description for the Junior Credit Analyst position at Verve, a Credit Union?
Position Summary
Responsible for analyzing credit and financial reports to determine risk involved in lending or extending credit to the Credit Union’s business members with a primary focus on smaller loans as well as preparing portfolio reports related to the commercial loan portfolio as requested.
Position Responsibilities
EDUCATION AND EXPERIENCE
Benefits
Responsible for analyzing credit and financial reports to determine risk involved in lending or extending credit to the Credit Union’s business members with a primary focus on smaller loans as well as preparing portfolio reports related to the commercial loan portfolio as requested.
Position Responsibilities
- Embrace Servant Leadership philosophy of leading from your position to promote the success of the Department as well as the overall Verve Team.
- Ensure all credit union policies, procedures and regulations are followed.
- Complete routine, periodic annual credit reviews, as assigned.
- Prepare monthly and quarterly portfolio reports at pre-set time requirements along with any other reports that Management requests.
- Drive the credit approval process from receiving required information to completed credit presentation with a focus on secured loans under $1,000,000.
- Independently analyze and assess the risk profile of business loans, ultimately providing a recommendation.
- Suggest and craft custom loan conditions and covenants as a way of mitigating perceived risk profiles.
- Work as a member of a team, successfully working toward a solution when opinions differ.
- Provide routine spreadsheet analysis of member business financial statements.
- Interface and coordinate with Loan Officer, Processing and Servicing Teams to ensure effective communication and efficient operations.
- Provide high quality member service including direct member contact as required.
- Utilize available technology to maintain a high level of organizational efficiency and effectiveness.
- Ability to review simple to moderately difficult appraisals with minimal supervision.
- Demonstrate the Credit Union’s philosophy in all interactions and adhere to Credit Union values with members, prospective members and team members.
- Uphold the Credit Union’s policies and procedures and champion organizational culture both internally and externally.
- Represent and promote the Credit Union within the business community.
- Additional duties as assigned.
EDUCATION AND EXPERIENCE
- Degree in business, finance, economics or accounting.
- One year of direct experience preferred.
- Use effective judgment to make sound decisions while minimizing the Credit Union’s exposure to risk.
- Attention to detail, self-motivated, accurate and efficient data entry skills, ability to meet tight deadlines while maintaining accuracy.
- Strong communication and interpersonal skills which are essential to working as a member of a team and interacting with management and clients.
- Experience with member/customer service operations to include the understanding of effective member service philosophy.
- Demonstrated ability to work independently, handle multiple priorities, exercise good judgment, and employ initiative.
- Ability to understand and adapt to technology platforms utilized to perform job duties.
- Proficient in the use of Excel and the Microsoft Office Suite; able to apply these tools to prepare monthly reporting and develop ad hoc reports.
- Excellent understanding of regulations applicable to lending products.
- Must have capability to address and resolve problems involving several variables in standardized situations.
- Ability to write routine reports and correspondence.
- Possess a working knowledge of all relevant Banking Rules and Regulations.
- Work Environment: Business office, the noise level in the work environment is usually quiet to moderate.
- Physical Requirements: Ability to sit or stand at a desk the majority of the workday; talk or hear; stand or walk occasionally. While performing the duties of this job, the team member is typically utilizing a computer, keyboard and phone. May occasionally reach with hands and arms; stoop, kneel, and crouch. The employee may occasionally lift and move up to 30 pounds.
Benefits
- Medical, dental and vision insurances
- Supplemental insurances
- Pre-tax and Roth 401(k) Safe Harbor options
- Flexible spending accounts
- Health Savings Account (HSA)
- Paid time off (PTO)
- Paid holidays, including birthday
- Bereavement and pet leave
- Basic Life/AD&D, short-term and long-term disability coverage at no cost
- Voluntary Life/AD&D
- Employee Assistance Program
Salary : $1,000,000