Indirect Lending Credit Analyst

Municipal Credit Union; United States; Remote; USD 60,000 - 80,000; Full time

Job summary

Municipal Credit Union is seeking an Indirect Credit Analyst to conduct risk analysis on loans and manage credit portfolios. The ideal candidate will have 2-5 years of experience in a financial environment, strong analytical skills, and the ability to maintain positive relationships with dealerships. This role offers competitive compensation, benefits, and a commitment to diversity and inclusion.

Benefits

Medical and dental benefits

401K with employer match

Flexible paid time off

Qualifications

• 2-5 years of experience in a financial environment required.
• Proficient knowledge of underwriting terminology.
• Ability to make independent sound judgments.

Responsibilities

• Conduct risk analysis on loans and approve or deny loan files.
• Manage credit risk and quality of loan portfolio.
• Build and maintain relationships with dealerships.

Skills

Analytical skills

Interpersonal skills

Communication skills

Attention to detail

Problem-solving skills

Tools

Microsoft Office Suite

Job description

About MCU:

At Municipal Credit Union, we believe that an incredible culture helps create a happy and motivated team that works hard to achieve the best results for themselves and their members. For more than 100 years, MCU has provided affordable financial products and convenient services to a membership base that is now comprised of over 600,000 individuals. With each new generation we have the pleasure of interacting with, we maintain the credit union promise of people helping people.

Our Mission:

To help hard-working New Yorkers build better tomorrows

Our Vision:

Be New York's most loved financial institution by helping our members build their best financial futures

Overview:The Indirect Credit Analyst is responsible for conducting careful risk analysis on loans and exercise judgement based on experience to approve or deny loan files ensuring that they meet the various loan program requirements. With limited supervision, effective and comprehensively research, analyze and underwrite applications for consumer loans. Responsible for building member and dealership relationships by cross selling MCU’s products and services.

Responsibilities:

Specific duties include, but are not limited to, the following:

• Review proposed auto loans submitted by dealerships
• Manage credit risk and quality of loan portfolio by utilizing strong attention to detail and applying thorough analysis and independent judgement on decisions of presented loan applications while complying with MCU’s credit policies and procedures
• Utilize superior sales skills to capture loan approvals, while effectively maintaining positive dealer relationships when declining credit applications that do not fit MCU’s program
• Build, maintain and strengthen relationships with dealership personnel via telephone and electronic correspondence
• Represent and sell the MCU brand by relaying our commitment to excellent member service and dependability
• Maintain expected application efficiency and loan conversion ratios
• Analyze application approval trends
• Prepare monthly and weekly report on Indirect Lending program as required
• Actively support and promote the MCU Strategic Plan by promoting a unified workforce through a culture of teamwork among peers and help grow our market share through new member acquisition
• Work closely with the Indirect team
• Employ a strong sense of urgency and ownership, and demonstrate a highly professional work ethic in all facets of completing work duties

• Adhere to all regulatory compliance training inclusive of BSA/AML/OFAC and overall BSA/AML/OFAC compliance
• Perform other related duties as requested and special projects as assigned.

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Requirements

• Two to Five years of related experience in a financial environment required or

• Proficient knowledge of underwriting terminology
• 5 years previous credit analysis experience
• Ability to work evenings, Saturdays and some holidays as scheduled
• Intermediate proficiency with computers and Microsoft Office Suite
• Excellent interpersonal and communication skills.
• Excellent analytical and organizational skills
• Ability to make independent sound judgments in absence of supervision.
• Ability to maintain strict confidentiality of member data
• Ability to think critically, strategically and analytically, with a focus on detail, in order to effectively problem solve, make sounds decisions to produce thorough and accurate work

• Ability to perform in a high-volume environment and meet deadlines while maintaining exceptional attention to detail.
• Technologically proficient.

Why you'll be a good fit:

Our Core Values are an integral part of who we are and who we hire. By living our Core Values, every day, we continue to attract the best and brightest talent, achieve unsurpassed results and continuously challenge ourselves to be better than yesterday. These values are at the heart of our organization and within every teammate. To be a great fit, you’ll bring the following

Results - We are passionate about winning.

Agility - We proactively anticipate, respond and pivot to ensure MCU wins.

Integrity- We operate with the highest ethical standards and highest degree of honesty.

Belonging- We cultivate a culture of inclusion and teamwork.

Ownership- We take personal responsibility and hold ourselves accountable for the results.

What we can offer you:

Competitive compensation, medical and dental benefits.

401K with employer match

Flexible paid time off

We are committed to hiring, training, cultivating, promoting, and celebrating an environment where we have a welcoming and fulfilling place for all people to call home. Diversity of race, thought, sexual orientation, age, veteran status, religion, and disability will empower us to thrive as individuals, as teams, and as an organization.

Municipal Credit Union (MCU) is an Equal Opportunity Employer.

Municipal Credit Union provides equal employment opportunities to all employees and applicants for employment and 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.