Credit Analyst

Purdue Federal Credit Union; Lafayette (IN); On-site; USD 60,000 - 75,000; Full time

Job summary

A financial institution in Lafayette, Indiana is seeking a Credit Analyst responsible for evaluating financial data related to member business loans. The role involves risk assessment, compliance monitoring, and preparing credit analysis reports. Candidates should have strong analytical skills and a bachelor's degree in finance or a related field. This position offers opportunities for professional growth through continued education and training.

Qualifications

• Strong analytical skills for evaluating financial data.
• Ability to monitor compliance with regulations and policies.
• Experience in preparing detailed credit risk assessments.

Responsibilities

• Evaluate financial data for member business loan requests.
• Monitor compliance with lending policies and regulations.
• Prepare formal credit risk analysis for new and existing loans.
• Identify and report areas of concern in customer data.

Skills

Financial analysis

Risk assessment

Credit evaluation

Market analysis

Education

Bachelor's degree in Finance or related field

Tools

Loan origination systems

IBISWorld

Job description

The Credit Analyst is responsible for the evaluation and analysis of financial data in regards to member business loan requests and ongoing relationships to identify and quantify risk and financial capacity of borrowers. It is also responsible for monitoring compliance with NCUA regulations and Purdue Federal’s policies and procedures on all existing and prospective Member Business loans.

• Review and analyze credit requests to determine financial and non-financial strengths/weaknesses, risk level, and feasibility of proposed credit relationships and transactions.
• Build financial spreads in the loan origination system that will serve as the basis for all financial analyses performed in the role.
• Recommend appropriate covenants and conditions as may be required based upon the complexity and risk of a credit proposal (i.e. loan agreement language, borrowing base certificate advance rates, etc.).
• Use IBISWorld and other market data to support an effective industry & market analysis for each credit request.
• Prepare formal credit risk assessment analysis on new and existing credit in the loan origination system. Analysis should include historic and projected financial performance as well as industry information and qualitative factors relevant to the decision.
• Evaluate trends in customer data to promptly identify and report areas of concern and potential problem loans, and develop suggested mitigants. Communicate the findings to Credit Manager/Assistant Manager.
• Review appraisals and prepare summary evaluation on independent 3rd party appraisal reports to identify material weaknesses and deficiencies and report such findings to Loan Officers and Credit Manager/Assistant Manager for corrective action.
• Responsible for monitoring covenants of clients within assigned portfolio to identify deteriorating credit conditions and compliance with loan agreement.
• Prepare annual reviews of larger credit relationships.
• Maintain quality of portfolio by adhering to lending processes, policy and procedures, legal and ethical requirements and regulations, audit requirements, and established risk management guidelines.
• Ensure all Member Business Services activity is in conformity with Purdue Federal Credit Union’s Policies and Procedures.
• Attend continuing education seminars on credit analysis and financial analysis software to enhance personal knowledge and skill