Senior Commercial Credit Analyst

Lake Michigan Credit Union; Fort Myers (FL); On-site; USD 85,000 - 110,000; Full time

Benefits offered by this job

Weekly pay

Retirement savings options

Comprehensive health coverage (medical

Dental

Vision

HSA match

Paid parental leave

Tuition reimbursement

Job summary

Lake Michigan Credit Union in Fort Myers, FL is seeking a Senior Commercial Credit Analyst to assess risks of commercial loan requests and manage the loan portfolio. You will train junior analysts and support lending staff in accordance with the MBL policy.

Responsibilities include gathering financial data, assisting loan officers with loan structuring, and maintaining administrative tracking of statements and covenants. A bachelor's degree and 5–8 years of underwriting experience are required.

Qualifications

• Five to eight years of commercial lending underwriting experience.
• Ability to prepare written reports and present formal presentations.
• Expert working knowledge of Microsoft Word and Excel.

Responsibilities

• Gather and analyze financial data to determine extension of credit and risk.
• Assist loan officers with structuring of loans per regulations.
• Provide questions to borrowers and feedback on policy and procedures.
• Prepare formal requests to waive regulations when required.
• Maintain tracking reports for financial statements, covenants and borrowing bases.
• Review updated financial information to reassess risk grades.

Skills

Analytical skills

Written reports

Presentations

MS Word

MS Excel

Education

Bachelor's degree in Business, Finance, Economics or related field

Tools

Microsoft Word

Microsoft Excel

Job description

General Information

Primary Location: Fort Myers

Employee Status: Full time

Workplace Type: Fully On-Site

Who we are:

At LMCU, you'll find more than just a job - discover a fulfilling career where your contributions truly matter. Join our talented team at Lake Michigan Credit Union and discover the difference an employer who puts people first can make in your career and life.

About this position:

The Senior Commercial Credit Analyst role is responsible for assessing the risk(s) of commercial loan requests, managing the administrative requirements of a commercial loan portfolio, train and mentor junior credit analyst(s), and assisting fellow credit and lending staff with commercial loan requests while adhering to the LMCU's Member Business Loan Policy.

The Senior Commercial Credit Analyst will also from time-to-time be assigned special credit specific projects to manage and complete.

What you'll do:

• Gather and analyze financial data such as income growth, budgets, projections, cash flow, quality of management, and industry information to determine extension of credit and risks around extension of credit.
• Assist commercial loan officers with structuring of loans, keeping with established regulations and policies.
• Provide commercial loan officers with pertinent questions pertaining to the Borrower/Proposed Borrower and the subject loan request(s).
• Provide feedback, when necessary, regarding the MBL policy and procedures.
• Prepare formal requests to waive regulations when required by loan structure.
• Maintain administrative tracking reports including: financial statement, covenant, and borrowing base tracking.
• Collect and review updated financial information from existing Borrowers to reassess risk grades and for detection of any potential credit deterioration.
• Assist in maintenance of the commercial lending referral system to include communicating with potential borrowers regarding loan structures, desired types of loans, and required information needed to consider a loan request.

What you'll bring:

• Bachelor's degree in Business, Finance, Economics or other related business study.
• Five to eight years of commercial lending underwriting experience.
• Must possess the ability to prepare written reports and present formal presentations.
• Expert working knowledge of Microsoft Word and Excel is required.

What you’ll get:

• All Employees: weekly pay and retirement savings options.
• Full Time Employees: comprehensive health coverage including medical (with prescription), dental, vision, HSA match, paid parental leave, and tuition reimbursement.

LMCU is an Equal Opportunity Employer

Lake Michigan Credit Union is fundamentally different than a bank, both in our structure and mission. Our goal has always been to do what is best for our members. This approach guides every decision we make and every service we offer. As a credit union, our goal isn’t to generate profits for shareholders, it’s to improve the lives of our members. LMCU is consistently rated in the top ten in the nation for Return of the Member by Callahan & Associates, meaning we give back more to our members in the form of higher rates when they save and lower rates when they borrow. At LMCU, the emphasis on delivering real value to our members has been job one, since day one. As one of the largest credit unions in the nation for several years running, LMCU has earned many awards and accolades such as inclusion as one of the 101 Best and Brightest Companies to Work For Nationally and being recognized by Forbes as a Great Place to Work. As an employee, you’ll enjoy a stimulating, professional atmosphere, supported by the latest technology, training, and development. We recognize that a healthy balance between work, home life, and play is essential to our employees and our success. We offer a friendly, respectful and inclusive work environment, fun employee activities and rewarding community involvement opportunities. You’ll love working here at Lake Michigan Credit Union! LMCU is an Equal Opportunity Employer