Credit Analyst I

The Polish National Credit Union; Westfield (MA); On-site; USD 60,000 - 90,000; Full time

Job summary

Polish National Credit Union seeks an entry-level Commercial Lending Analyst to support credit analysis, file maintenance, and loan processing for member businesses in our Massachusetts area.

The role emphasizes financial analysis, risk assessment, and collaboration with the lending team to ensure compliance and accurate documentation.

Qualifications

• Bachelor’s degree in finance or accounting or closely related field.
• 1–3 years of experience in member business lending.
• Background in financial analysis preferred.

Responsibilities

• Collect necessary documents from members and assist in maintaining well-organized credit files.
• Spread operating history, financial statements, and tax returns of borrowers as applicable.
• Review background credit and legal information to validate credit worthiness.
• Assist with loan processing and annual reviews for straightforward loans.
• Monitor loan covenant compliance and prepare related reports and memos.

Skills

Financial analysis

Interpersonal skills

Communication

Attention to detail

Teamwork

Microsoft Office

Education

Bachelor’s degree in finance or accounting

Tools

LoanVantage

Microsoft Office

Job description

Description

Are you looking for an opportunity to grow your career in Commercial Lending? We are seeking a motivated and enthusiastic individual to join our team. Candidates should have one to three years of related experience in a credit union or similar financial environment along with a fundamental knowledge of financial analysis, sound credit judgement, and member business lending credit management. The successful candidate will be eager to learn, ready to make a meaningful impact, and possess a strong work ethic and commitment to excellence.

Description

Are you looking for an opportunity to grow your career in Commercial Lending? We are seeking a motivated and enthusiastic individual to join our team. Candidates should have one to three years of related experience in a credit union or similar financial environment along with a fundamental knowledge of financial analysis, sound credit judgement, and member business lending credit management. The successful candidate will be eager to learn, ready to make a meaningful impact, and possess a strong work ethic and commitment to excellence.

Polish National Credit Union stands strong as a full-service, member-owned credit union, offering a complete line of personal and business banking products and services. Since our inception in 1921, Polish National has grown to meet the needs of our communities. We proudly support the community through non-profit and educational initiatives. An important aspect of all positions at the credit union is to fulfill our mission: “To Grow Lasting Relationships to Improve People’s Lives.”

We are committed to providing fair and equitable compensation opportunities for all team members. We take pride in offering growth and professional development opportunities that support our employees’ continued success. Our compensation practices allow team members to progress through the salary range over time as they grow in their roles. The actual base pay offered will be determined based on factors including, but not limited to, a candidate’s skill, relevant experience, and work location.

Benefits

Polish National Credit Union offers an attractive compensation and benefits package, including health, dental, vision, flexible spending accounts, generous 401(k) with employer match, Student Loan Repayment Program, and tuition assistance.

Equal Opportunity Employer

Our Credit Union is an equal opportunity employer. All applicants will be considered regardless of race, color, creed, religion, sex, sexual orientation, national origin, age, marital or veteran status, medical condition, disability, genetic information, or any other legally protected status. Equal access to the hiring process, services, and employment is available to all persons.

Essential Duties and Responsibilities

• Collect necessary documents from members and assist in maintaining well-organized credit files.
• Responsible for spreading operating history, personal and entity financial statements and/or tax returns of borrower, as applicable and required.
• Assist in performing the initial review of current and prospective members by gathering and analyzing their background credit and legal information to validate their credit worthiness and legal standing.
• Assist with loan processing measures as applicable and required
• Perform annual reviews for straightforward assigned loans, as applicable and required
• Monitor loan covenant compliance process for assigned loans to ensure compliance with financial covenants and reporting requirements including sending compliance letters when applicable.
• Assist in providing reports on violations of loan covenants and conditions
• Prepare or assist with underwriting and completion of clear and concise Credit Approval Memorandums for straightforward loan requests utilizing a variety of analytical tools.
• Order and appropriately review appraisals on real estate related loans. Update collateral values as necessary.
• Perform special projects, research, and other duties as assigned
• Maintain knowledge of basic principles of commercial lending, as well as appropriate laws, regulations and credit union policies and practices.
• Represent the credit union in a courteous and professional manner
• Responsible for compliance with all applicable federal and state regulations, as well as credit union policies and procedures.
• Responsible for completion of all required compliance training, as well as completion of ongoing compliance training which may be assigned throughout the year.

Education

A combination of education and experience equivalent to a bachelor’s degree in finance, accounting or closely related field; and knowledge typically gained through a minimum of one to three years of experience in member business lending. Background in financial analysis preferred.

Interpersonal Skills

• A significant level of trust and diplomacy is required, in addition to normal courtesy and tact. Work involves extensive personal contact with others and/or can be of a personal or sensitive nature.
• Demonstrated ability to handle confidential and sensitive information with discretion.

Other Skills

• Excellent financial analytical skills with sound judgment and decision-making abilities
• Strong interpersonal and communication skills
• Proficiency in Microsoft Office
• Proficiency in LoanVantage or similar financial spreading module preferred
• Excellent verbal and written communication skills
• Strong attention to detail
• Strong teamwork and collaboration skills

Physical Requirements

• Ability to sit, stand, and use standard office equipment for extended periods.
• Ability to lift up to 20 lbs.