Senior Commercial Credit Analyst

LMCU; Grand Rapids (MI); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Weekly pay

Retirement savings options

Job summary

Lake Michigan Credit Union is seeking a Senior Commercial Credit Analyst in Grand Rapids, MI to assess loan risk, manage a commercial portfolio, and mentor junior analysts.

You will support loan officers in structuring loans, monitor credit quality, and ensure compliance with policy while contributing to sound risk management and business growth.

Qualifications

• 5+ years of commercial lending underwriting experience.
• Bachelor’s degree in Business Administration, Finance, Economics or other related business study strongly preferred.
• Strong working knowledge of Microsoft Word and Excel; ability to prepare written reports and present formal presentations; database experience preferred.

Responsibilities

• 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 the 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).

Skills

Credit underwriting

Financial analysis

Loan structuring

Reporting writing

MS Excel

Database experience

Education

Bachelor's degree in Business Administration, Finance, Economics

Tools

Microsoft Word

Microsoft Excel

Job description

Primary Location:5540 Glenwood Hills Pkwy SE, Grand Rapids, MI 49512

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 Credit Union’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 the 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 theMember Business Loan policy and procedures. This includes preparing formal requests to waive regulations when required by loan structure.

• Maintain administrative tracking reports to include: financial statements, covenants, 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.

• Adhere to and champion our core values of curious minds, collaborative hearts, and continuous excellence.

What You’ll bring:

• 5+ years of commercial lending underwriting experience.

• Bachelor’s degree in Business Administration, Finance, Economics or other related business study strongly preferred.

• Strong working knowledge of Microsoft Word and Excel is required. Must possess the ability to prepare written reports and present formal presentations. Database experience preferred.

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.

• To see a full list of our benefit offerings, check out this helpful guide!

Have additional questions about the role? Email the Talent Acquisition Team at: [e-mail] .

LMCU is an Equal Opportunity Employer