Business Loan Analyst

PSFCU; Fairfield, Mount Prospect (NJ, IL); On-site; USD 38,000 - 47,000; Full time

Benefits offered by this job

Medical Insurance

Vision Insurance

Dental Insurance

Life Insurance

Tuition Reimbursement

Pet Insurance

Paid Time Off

Birthday Day off

Job summary

Polish & Slavic Federal Credit Union in New Jersey is seeking a Loan Analyst to review and analyze MBL loan applications, financial statements, tax returns, and credit reports to determine viability and risk. You will perform cash flow analysis and support processing tasks such as ordering credit reports, appraisals, and flood determinations.

The ideal candidate has at least two years in lending or financial environments, knowledge of commercial loan analysis, and the ability to communicate with

Qualifications

• Minimum 2 years’ experience in lending or financial environment.
• Comprehensive knowledge of commercial loan analysis and evaluation of financial statements and tax returns.
• Experience with processing functions: credit reports, appraisals, flood determinations, funds verification.

Responsibilities

• Review and analyze MBL loan applications, financial statements, tax returns, credit reports, and other documents for viability and risk.
• Perform financial/cash flow analysis to determine loan viability and risk.
• Prepare credit write-ups and communicate loan decisions to clients.
• Assist closing and portfolio teams by collecting required documents and supporting the closing process.
• Ensure compliance with lending policies and regulations through thorough due diligence.

Skills

Lending analysis

Financial analysis

Cash flow analysis

Documentation processing

Regulatory compliance

borrower communication

Education

Associates degree or better

Job description

Polish & Slavic Federal Credit Union is committed to supporting our employees’ overall wellbeing by providing valuable benefits. The credit union proudly offers a competitive benefits package, that includes: Medical, Vision and Dental Insurance, Retirement Plans, Life Insurance Plans, Tuition Reimbursement and Pet Insurance, among other benefits. We also have a generous Paid Time Off policy including Vacation, Personal and Sick Time, as well as, a Birthday Day off.

Core Responsibilities:

• Review and analyze MBL loan applications, financial statements, tax returns, credit reports, and other supporting documents for businesses.
• Perform financial analysis, including cash flow analysis, to determine the financial viability of the loan and the level of risk involved.
• Perform all processing functions, like ordering credit reports, appraisals, appraisal reviews, flood determinations, funds verification, etc.
• Follow up on missing documents and/or information with the Business Loan Consultant.
• Communicate with borrowers during the application process as needed.
• Conduct in-depth due diligence on potential borrowers to verify the accuracy of information and ensure compliance with lending policies and regulations.
• Prepare credit write-ups.
• Communicate loan decisions to clients and collaborate with other internal teams.
• Support closing team with collecting required documents and information from borrower(s) in preparation for closing, review pre-closing conditions and gather the necessary approvals to proceed with closing.
• Assist portfolio administration team with collecting documents required for annual reviews.
• Assist management in preparing monthly closing pipeline reports.
• Perform other duties as assigned by manager or as needed.

Requirement:

Minimum 2 years’ experience in lending field or financial environment, workflow organization and processing procedures.

Comprehensive knowledge of commercial and business lending with completion of formal commercial loan analysis education on the evaluation of financial statements and tax returns, or prior work experience.

Pay: $27.57 - $33.94 per hour

AN EQUAL OPPORTUNITY EMPLOYER

Qualifications

Education

Preferred

Associates or better.

Equal Opportunity Employer
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