Commercial Credit Analyst

*This is an on-site/in-person position based in Sioux Falls, SD, Yankton, SD or Vermillion, SD.

Join Us at Voyage – Where Every Journey Makes a Difference!

At Voyage, we’re on a mission to create meaningful impact through committed service and uncomplicated solutions. Our team lives by the values of TRAVEL – embodying Teamwork, building lasting Relationships, staying adaptable with Agility, embracing the Voyage to new opportunities, upholding unwavering Ethics, and inspiring Leadership at every level.

If you're passionate about making a difference, thrive in a collaborative and agile environment, and are ready to take the lead in shaping unique, impactful experiences, then we invite you to set sail with us! Come aboard and be part of a journey that truly counts.

Voyage FCU is looking for a Commercial Credit Analyst to join our team! This position is lending and credit analytical in nature and does not serve as a business systems analyst, IT analyst, or software support role.

The Commercial Credit Analyst is responsible for analyzing, underwriting, and monitoring commercial and member business loan relationships. This position evaluates the financial strength and creditworthiness of businesses and guarantors through detailed analysis of financial statements, tax returns, cash flow, collateral, industry risk, and repayment capacity. The Commercial Credit Analyst provides independent credit recommendations and ongoing portfolio monitoring to support safe and sound lending practices while ensuring compliance with credit union policies and regulatory requirements.

What You Will Do:

Credit Analysis & Underwriting

• Analyze commercial loan requests including term loans, lines of credit, commercial real estate loans, construction loans, equipment financing, and other business credit facilities.
• Spread and analyze business and personal financial statements and tax returns.
• Evaluate historical and projected cash flow, debt service coverage, leverage, liquidity, and profitability.
• Assess guarantor strength through global cash flow analysis and contingent liability reviews.
• Review guarantor credit reports and identify repayment risks and trends.
• Evaluate collateral values and lending structure to ensure compliance with loan policy.
• Prepare written credit presentations, credit memorandums, and loan recommendations for management and loan committee review.
• Identify strengths, weaknesses, risks, and mitigating factors within each credit loan request.
• Assign and maintain internal risk ratings in accordance with approved lending policy.

Portfolio Management & Monitoring

• Conduct annual reviews and ongoing monitoring of assigned business loan relationships.
• Track covenant compliance and reporting requirements.
• Monitor loan performance, collateral values, and industry trends.
• Identify deteriorating credits and recommend corrective actions.
• Assist with problem loan monitoring and workout strategies when necessary.
• Maintain accurate portfolio risk reporting and documentation.

Compliance & Documentation

• Ensure underwriting files contain complete and accurate financial analysis.
• Verify adherence to Voyage Federal Credit Union lending policies and procedures.
• Maintain compliance with NCUA regulations and applicable commercial lending requirements.
• Support internal and external audits, examinations, and quality control reviews.
• Maintain strong documentation standards and credit file integrity.

Team Support

• Collaborate with Business Services Officers and lending staff to structure loan requests appropriately.
• Provide credit expertise and guidance on complex business loan relationships.
• Participate in ongoing training and professional development opportunities.
• Assist with special projects related to business lending and portfolio management.

What You Will Need:

• Associate’s or Bachelor’s degree in Business, Finance, Accounting, or a related field (or equivalent experience in financial services).
• Minimum of two years of experience in commercial credit analysis, business banking, commercial lending, accounting, public accounting, agricultural lending, or a related financial field preferred.
• Experience working with SBA loan programs or government-guaranteed lending.
• Solid understanding of financial statement analysis, cash flow evaluation, and credit risk assessment.

Why Work at Voyage FCU?

• Competitive Pay Incentive pay Eligibility Annual Bonus Eligibility
• Comprehensive Benefits Package, including Medical, Vision, Free Dental, Life Insurance, Short Term Disability, and Long Term Disability
• Dependent Care Reimbursement
• Profit Share and 401(k) matching up to 4%
• Paid Time Off (annual accrual starting at 13 days) 11 Paid Holidays
• Business Casual (Yep – you can wear jeans!)
• Progressive and inclusive work culture in which our team has the flexibility, support, and resources to be successful in their careers!

Schedule:

• Monday through Friday 8:00am – 5:00pm, with an hour lunch break 

We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.