Commercial Credit Analyst - Underwriting & Risk

IH Mississippi Valley Credit Union; Moline (IL); On-site; USD 65,000 - 85,000; Full time

Job summary

IH Mississippi Valley Credit Union (IHMVCU) is seeking a Commercial Credit Analyst to join our experienced team at the River Drive headquarters in Moline. You will evaluate financial statements, credit risk, and collateral in partnership with commercial lenders.

The ideal candidate has 3–5 years of commercial lending or credit analysis experience, a Bachelor's in Business or Finance, and strong attention to detail and collaboration. Final compensation will reflect experience and internal equity.

Qualifications

• Minimum of 3–5 years' experience in financial statement analysis, credit analysis or commercial lending support function.
• Bachelor's Degree in Business or Finance (combination of education and prior experience may be substituted in lieu of degree).
• Acute accuracy and exceptional attention to details are essential
• Solid written and verbal communication skills
• Ability to work collaboratively in a team environment

Responsibilities

• Prepares comprehensive Loan Presentation Summaries and Annual reviews, in support of underwriting and monitoring, working in cooperation with lenders.
• Utilizes available software and spreadsheets to analyze applicant financial status, credit standing and capabilities, cash flow, repayment sources analysis, industry comparable ratios, and collateral evaluations to prepare a complete and accurate loan presentation.
• Prioritizes loan presentation preparation through the work in progress log, reviewing the list for new requests, loan renewals and annual reviews.
• Establishes and maintains a system and process for requesting and tracking financial statements and other required financial related underwriting documents, income tax returns, personal financial statements, site visits, etc.
• Assist portfolio monitoring via preparation of various reports, including: Monthly Watch report summary, prepares summary Monthly Watch reports from these action plan updates; Prepares register by risk ratings from monthly loan list; Provides weekly future maturity report to lenders to initiate the request of financial information for the renewal/annual review process.
• Underwrites business loan decisions for loan requests that are less than $50,000 in total loan exposure, with a decision recommendation being presented to the Loan Officers/Sr. Loan Officers.

Skills

Financial analysis

Credit analysis

Attention to detail

Communication skills

Team collaboration

Education

Bachelor's degree in Business or Finance

Tools

Excel

Credit analysis software

Job description

IH Mississippi Valley Credit Union (IHMVCU) is seeking a Commercial Credit Analyst to join our experienced team at the River Drive headquarters in Moline. You will evaluate financial statements, credit risk, and collateral in partnership with commercial lenders.

The ideal candidate has 3–5 years of commercial lending or credit analysis experience, a Bachelor's in Business or Finance, and strong attention to detail and collaboration. Final compensation will reflect experience and internal equity.