Credit Analyst-Business Services

St. Louis Community Credit Union; Northern (KY); Hybrid; USD 40,000 - 54,000; Full time

Job summary

ST. LOUIS COMMUNITY CREDIT UNION is seeking a Credit Analyst – Business Services in the Business Services department. Exempt position with responsibilities in reviewing credit requests, analyzing financial data, and ensuring compliance with loan covenants.

The role emphasizes knowledge of current credit policies, accurate financial analysis, and service to business members under state and federal regulations. Salary range shown is $40,000.00 to $54,000.00 annually.

Qualifications

• Bachelor's Degree in Business (Accounting or Finance preferred).
• Some experience in a small business or commercial relationship lending.
• Ability to communicate clearly with credit union members both in person and over the phone (orally and in writing) as well as staff.
• Must be able to handle pressure and deadlines exceptionally well.
• Must have the ability to set priorities and obtain established goals.
• Must be able to work precisely and accurately with numbers and legal documents.
• Must have a professional appearance and member-service oriented in both attitude and performance.

Responsibilities

• Review assigned credit requests to determine borrowers and guarantors, transaction purpose, type, term, repayment structure, and potential collateral.
• Analyze financial statements, tax returns, credit reports, and other financial information to assess repayment ability.
• Monitor existing transactions to ensure compliance with terms, reporting, and covenants.
• Provide service and solutions to business members according to policies and regulations.
• Understand and comply with all state and federal regulations including Bank Secrecy Act requirements.

Skills

Communication skills

Prioritization

Numerical accuracy

Pressure management

Attention to detail

Education

Bachelor's Degree in Business (Accounting or Finance preferred)

Job description

Salary Range: $40,000.00 To $54,000.00 Annually

ST. LOUIS COMMUNITY CREDIT UNION

Position Description

POSITION TITLE: Credit Analyst – Business Services

STATUS: Exempt

DEPARTMENT: Business Services

Reporting Relationships

Position Reports To: Senior Vice President of Business Services

Positions Supervised: None

JOB SUMMARY:

Have good knowledge of current Business Services Credit policy.

Review a credit request(s) to determine new and / or current Borrower(s) and Guarantor(s), transaction purpose, transaction type, term, repayment structure, and potential collateral.

Analyzes financial statements, tax returns, credit reports, along with other financial and collateral information to determine the ability of a potential or existing Borrower(s) and Guarantor(s) to repay new and renewal credit transactions, along with feasibility of modifications to new and existing credit transactions.

Monitors existing transactions in credit portfolio on a daily, monthly, quarterly, semiannually, and annual basis to assure compliance with terms, conditions, financial reporting, along with qualitative and quantitative covenants in executed loan documents for Borrower(s) and Guarantor(s).

Knowledge of credit union products and services for providing service and solutions to current and potential business members according to all credit union policies and procedures and Federal and State rules and regulations.

Essential Functions

• Have good knowledge of current Business Services Credit Policy.


• Review assigned credit request(s) to determine new and / or current Borrower(s) and Guarantor(s), transaction purpose, transaction type, term, repayment structure, and potential collateral.


• Discuss assigned transactions with Assistant Vice President (AVP), Vice President (VP), and Senior Vice President (SVP) of Business Services for clarification and understanding as request.


• Collect Borrower(s), Guarantor(s), collateral, and background information to evaluate transaction, following up on content and accuracy.


• Analyze financial statements, tax returns, credit reports, along with other financial and collateral information to determine the ability of a potential or existing Borrower(s) and Guarantor(s) to repay new and renewal credit transactions, along with feasibility of modifications to new and existing credit transactions.


• Monitor existing transactions in credit portfolio on a daily, monthly, quarterly, semiannually, and annual basis to assure compliance with terms, conditions, financial reporting, along with qualitative and quantitative covenants in executed loan documents for Borrower(s) and Guarantor(s).


• Knowledge of credit union products and services for providing service and solutions to current and potential business members according to all credit union policies and procedures and Federal and State rules and regulations.


• Understand and comply with all state and federal regulations and laws. Ensure loan documents are in compliance with all Federal and State regulations including the Bank Secrecy Act requirements. Bank Secrecy Act knowledge will be determined by the employee’s position and responsibility.

Each employee of St. Louis Community will be held to and accountable for each of the areas outlined in our "ACT" plan listed below:

Accountable

• Reliable: ready to work at scheduled times


• DWYSYWD: do what you say you will do


• Responsible: perform job duties accurately, on time and within budget; don’t pass the buck when something goes wrong


• Resourceful: run it like you own it (use CU resources wisely)


• Avoiding actions that warrant a write-up

Compliant

• Adhere to all Credit Union policies and procedures


• Having a strong attention to detail to avoid repeated errors and errors due to blatant negligence.


• Cooperative: work together, not in isolation (together, everyone achieves more)


• Golden Rule: treat others the way you want to be treated


• Attitude: help create a friendly and positive atmosphere wherever you are


• Having no negative internal survey reports

Additional Responsibilities:

• Complete special projects and miscellaneous assignments or functions as required and/or assigned.

Qualifications:

• Bachelors' Degree in Business (Accounting or Finance preferred).


• Some experience in a small business or commercial relationship lending.


• Ability to communicate clearly with credit union members both in person and over the phone (orally and in writing) as well as staff.


• Must be able to handle pressure and deadlines exceptionally well.


• Must have the ability to set priorities and obtain established goals.


• Must be able to work precisely and accurately with numbers and legal documents.


• Must have a professional appearance and member-service oriented in both attitude and performance.

Physical Requirements:

The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to do data entry, stand / walk, bend / stoop / crouch, kneel / push / bend, talk and / or hear. The employee must occasionally lift and/or carry up to 30 pounds. The employee must occasionally drive from his or her home office to different branches.