FINANCIAL ANALYST

Greater Commercial Lending; Nevada (IA); Remote; USD 65,000 - 95,000; Full time

Job summary

Greater Commercial Lending seeks a Financial Analyst to evaluate creditworthiness and collaborate across departments to deliver tailored financial solutions. This role involves comprehensive credit analysis, client communication, and actively managing borrower relationships. Enjoy competitive compensation, a supportive work environment, and the opportunity to impact financial inclusion for businesses nationwide.

Benefits

Medical, dental, and vision plans

Health Savings Account contributions

Paid time off and holidays

Employee discounts on products and services

Qualifications

• 3-5 years experience in Commercial Lending.
• 3-5 years experience in Credit Analysis or Underwriting Analysis at a Financial Institution.
• USDA and/or SBA experience preferred.

Responsibilities

• Evaluate creditworthiness and conduct cash flow analysis.
• Prepare credit presentations for decision-making.
• Communicate directly with clients regarding credit actions.

Skills

Critical thinking

Problem solving

Effective communication

Collaboration

Nimble learning

Action-oriented

Managing complexity

Job description

Overview

Greater Commercial Lending is looking for a dedicated team player with a passion for Helping More People Live Greater! Greater Commercial Lending is a wholly owned subsidiary of Greater Nevada Credit Union that helps businesses nation-wide, from a cattle operation in Nevada, to a denim mill in Louisiana, to a biofuel terminal in Hawaii. GCL finds financial solutions to complex challenges by leveraging a diverse set of products, and its work is consistently recognized as one of the top USDA lenders in the nation.

With pride, we strive to make a difference in the lives of our members and the communities they live in through financial inclusion, education, and empowerment. Why? Simply because we believe that together, we Live Greater.

To Do This, We Practice C.A.R.E. With Our Values

• We Care Genuinely.
• We build relationships because we know that we are Greater Together.
• We Stay Trustworthy as we serve our communities.
• "Be Bright" rings in our ears as we find custom solutions that meet our members' needs.
• We Inspire One Another, our members, and our communities to re-imagine what Living Greater can be.
• In every moment, we Enjoy the Experience. It's what has made the last 70 years greater and what we carry into the future as we continue to serve.
  
  

These values have guided us to become the largest Nevada-based credit union to touch the lives of more than 88,500 members and thousands upon thousands of people through our community and philanthropic work.

If you’re enthusiastic, collaborative, and ready to make an impact, we’d love to meet you!

About The Position

The Financial Analyst is responsible for providing documented and justified recommendations to Relationship Officers, External Partner Brokers/Underwriters, and Senior Management on the viability of new credits. This role is designed to complement and collaborate with other GCL departments by providing analysis and monitoring services including but not limited to: Evaluating the eligibility and credit worthiness of businesses and determining the ability to repay commercial loans by financial spreads, appropriate credit structuring, conducting cash flow, guarantor, collateral, industry analysis, and developing preliminary credit summaries for the credit memo; Proactively monitor the performance of borrowers, identify deviations from agreed financial performance and covenants, and make recommendations on appropriate credit re-structures, including managing client relationships, monitoring construction progress, problem loan restructuring methods, risk identification, and loss mitigation tools; Demonstrate, acquire new, and share knowledge and practices regarding Commercial Real Estate Loans, Business Lines of Credit, and Equipment Financing, including SBA 7(a), SBA 504 Loan Guarantee programs, USDA Rural Energy, USDA Business & Industry, and USDA Rural Development Loans.

What You'll Be Doing

• Communicates directly with clients, and potential clients, regarding credit events and actions as needed, recommending and implementing new loans, renewals, and restructures to meet client, lender, investor, participant, and Agency requirements.
• Performs complete analyses of new and existing borrower(s) and guarantors(s) using internal assessment tools, the company's tax returns, financial statements, business credit reports, industry trends, third party reports, knowledge of applicable SBA/USDA regulations and conventional guidelines to create the initial credit memo including a market, credit, and collateral analyses to make informed decisions on new loans, renewals, and restructures.
• Prepare complex, written credit presentations for use by credit committees, investors, participants and Agencies in making credit decisions on new, existing service requests, and delinquent loans.
• Collaborate with Diversified Assets on restructuring facilities to mitigate risk and improve borrower performance.
• Work closely with all GCL departments to ensure seamless transition of borrower from loan closing to portfolio monitoring or Syndication and Lending Partnerships, Investor Relations, and Diversified Assets.
• Strong ability to multi-task and manage multi priorities at once.
  
  

Qualifications

• 3 - 5 years experience in Commercial Lending.
• 3 -5 years experience in Credit Analysis or Underwriting Analysis at a Financial Institution.
• USDA and/or SBA experience preferred.
  
  

Skills & Competencies

• Critical thinking and problem solving skills
• Collaborates
• Communicates effectively
• Nimble learning
• Optimizes work processes
• Action-oriented
• Manages complexity
  
  

Physical Demands

• While performing the duties of your job, you may regularly be required to sit and use a keyboard, multiple monitors, mouse, and telephone (including repetitive motions with hands, fingers, arms, etc.) for extended periods of time. You may also frequently be required to stand, walk, and reach with hands and arms, bend, and kneel.
• You may occasionally be required to lift and/or move up to 20 pounds.
  
  

Location and Travel Requirements

• The Financial Analyst has the ability to work remotely. (excluding California, Colorado and Ohio)
• No travel required
  
  

Compensation & Benefits

• $65,000 - 95,000 per year
• Compensation is dependent on experience
• Medical, dental, and vision plans, where we cover 90% of employee costs and about 75% of the costs for their dependents
• Health Savings Account contributions
• Supplemental insurance and life insurance plans
• Paid time off, including vacation and sick time, 12 annual paid holidays, 2 floating holidays, 1 floating wellness day and sabbatical leave after every seven years of employment
• Paid time to volunteer and make a contribution to the community
• Employee product and service discounts
  
  

Greater Nevada is an Equal Opportunity Employer

Employment at Greater Nevada is based solely on a person's merit and qualifications directly related to professional competence. Greater Nevada prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.