Commercial Credit Analyst I

Teachers Federal Credit Union; Hauppauge (NY); On-site; USD 44,000 - 52,000; Full time

Benefits offered by this job

Discretionary bonus

Paid time off

401(k)

Dental & Vision covered

Tuition reimbursement

Loan discounts

Job summary

Teachers Federal Credit Union in Hauppauge, NY, is seeking a Business Lending Underwriter to review commercial loan requests, analyze financial statements, and prepare credit memorandums for approval or denial. You will focus on the business retail channel within the Business Lending Department and partner with the Relationship Manager.

Qualifications include an Associate’s degree or 4 years related experience, 2+ years in business lending, and proficiency with MS Word/Excel and credit

Qualifications

• Associate degree or four years related experience required.
• Minimum two years in a Business Lending division or department.
• Able to read and analyze business tax returns and financials.
• Familiar with credit reports and lending tools.

Responsibilities

• Underwrite Teachers small business credit products for the business retail channel.
• Analyze creditworthiness using tax returns, statements, and external data.
• Prepare credit memorandums to support approval or denial decisions.
• Coordinate with the Business Relationship Manager on lending matters.
• Assist with commercial loan analysis using financial ratios and trends.
• Perform site visits to evaluate borrowers and collateral.
• Handle processing duties and maintain tracking logs as needed.
• Take on additional duties as assigned by supervision.

Skills

Financial analysis

Credit reports

Loan underwriting

MS Excel

Education

Associate degree or four years related experience

Experience in Business Lending

Tools

LOS system

FiServ DNA

Word/Excel

Job description

Brief Description

Join Our Team

For over 70 years, Teachers Federal Credit Union has been committed to guiding members toward building a strong financial foundation today for a better tomorrow. Recognized by Forbes Magazine as one of America’s Best-In-State Credit Unions in 2025, Teachers has grown into one of the nation’s leading credit unions. As we expand our reach across the country, we remain focused on being both a Best Place to Bank and a Best Place to Work. From part-time roles to executive leadership positions, Teachers offers a wide range of meaningful career opportunities.

Summary

Reviews credit data to evaluate commercial and business loan requests to recommend either approval or denial for applications. Analyzes sources of financial information, such as financial statements, credit bureau reports and cash flows to determine potential risk and profitability of the loan. Prepares a credit memo in response to new and additional credit proposals for approval.

Education And/or Experience

• Associate’s degree or four years of directly related experience required
• Minimum two years’ experience working within a Business Lending Division or department required
• Ability to read, understand and analyze business owner’s personal tax returns and business tax returns and/or financial statements.
• Ability to read and review personal and business credit reports.
• Knowledge of LOS system
• Excellent computer skills – i.e. MS Word, MS Excel, FiServ DNA, Company and Business Lending systems.

Job Responsibilities

• Focus primarily on the business retail channel within the Business Lending Department to underwrite Teachers small business credit products (Business Auto, Business Credit Card, Business Term Loans and Business Line of Credit accounts) for business members.
• Analyze the creditworthiness of businesses seeking to borrow money by collecting and reviewing various documents, e.g. tax returns, company website and financial statements. Present written credit memorandums to recommend approval or denial of business loan applications.
• Prepare business loan credit memorandums to narrate the history of a business, the purpose of the loan/loc request, the repayment ability of the borrower utilizing business and personal tax returns, credit reports, financial statements and other business lending tools available.
• Maintain ongoing communication with the Business Relationship Manager regarding small business lending matters
• Assist the Business Lending team with commercial loan analysis. Utilize credit skills based on computed financial ratios and data, trends in income and expenses, net worth changes, deposit balance history, and other business credit factors to make or recommend appropriate credit decisions.
• Perform physical site visits to evaluate a borrower’s operations and inspect collateral conditions.
• Perform processing duties when required, including booking commercial loans, updating tracking logs, conducting searches, etc.
• Perform other duties as needed upon request by immediate supervisor.

Benefits Of Joining The Teachers Team

We provide a competitive compensation and benefits package that includes, but is not limited to:

• This position is eligible for our annual discretionary bonus program. Some positions within the credit union also qualify for quarterly performance incentives
• Paid time off for vacation, personal days, and holidays
• 401(k) company contribution
• Teachers pays 100% of Dental & Vision premium
• Tuition reimbursement is offered to full-time employees
• Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers

The good faith range for this position is $32.00 - $38.50 per hour. This range is an estimate, based on potential employee qualifications and operational needs. The salary may vary above and below the stated amounts, as permitted by applicable law.

All candidates will be subject to a background check, credit check, and drug test to determine employment eligibility. To learn more about Teachers and to view a full list of our job opportunities please visit https://www.teachersfcu.org/about/careers