Senior Credit Analyst

collinscu; Cedar Rapids (IA); On-site; USD 75,000 - 110,000; Full time

Benefits offered by this job

Benefits package

Job summary

Collins Community Credit Union in Cedar Rapids, IA is seeking a Senior Credit Analyst to support commercial lending through detailed financial analysis, underwriting, risk assessment, and portfolio monitoring. You will evaluate loan opportunities, prepare cash flow analyses and credit memos, monitor covenant compliance, and collaborate with Loan Officers and management while mentoring junior staff.

This role offers a collaborative, growth-oriented environment, with a focus on prudent risk

Responsibilities

• Analyze commercial loan requests and provide independent credit recommendations based on financial performance, collateral, and risk.
• Prepare financial statement spreads, cash flow analyses, and credit memos using underwriting tools.
• Evaluate repayment capacity via financial statements, tax returns, DSCR, liquidity, and profitability metrics.
• Assign and monitor risk ratings and covenant compliance.
• Identify risks and opportunities within borrower relationships and industries.
• Partner with Loan Officers to structure lending relationships balancing member needs and risk.
• Monitor existing credits, identify emerging risks, and propose corrective actions.
• Prepare portfolio monitoring reports for management and committees.
• Lead in department initiatives and support staff development.

Job description

At our Credit Union, we are committed to helping businesses and members succeed while maintaining a strong, well-managed loan portfolio. We are seeking a highly analytical and detail-oriented Senior Credit Analyst to support commercial lending through comprehensive financial analysis, credit underwriting, risk assessment, and portfolio monitoring.

This position plays a critical role in evaluating commercial credit opportunities, supporting loan structuring decisions, identifying emerging risks, and maintaining the quality of the Credit Union's commercial loan portfolio. The Senior Credit Analyst serves as a trusted partner to Loan Officers and management while providing mentorship and guidance to junior credit staff.

What You'll Do

Commercial Credit Analysis & Underwriting

• Analyze commercial loan requests and provide independent credit recommendations based on financial performance, collateral position, industry trends, and overall credit risk.
• Prepare detailed financial statement spreads, cash flow analyses, risk assessments, and comprehensive Credit Memo Presentations utilizing approved underwriting tools and software.
• Evaluate borrower repayment capacity through analysis of financial statements, tax returns, debt service coverage, liquidity, leverage, and profitability metrics.
• Assign and monitor risk ratings and evaluate covenant compliance.
• Identify strengths, weaknesses, opportunities, and risks within borrower relationships and industries.

Loan Structuring & Portfolio Management

• Partner with Loan Officers to structure commercial lending relationships that appropriately balance member needs, portfolio objectives, and risk management standards.
• Monitor existing commercial credit relationships and proactively identify emerging risks.
• Recommend corrective actions, risk mitigation strategies, loan modifications, or workout solutions when necessary.
• Prepare portfolio monitoring reports and credit risk analyses for management, Loan Committee, and other stakeholders.
• Track pipeline activity, covenant compliance, collateral requirements, and financial reporting through loan origination and portfolio management systems.

Collateral & Credit Administration

• Review commercial loan files to ensure complete and accurate documentation.
• Conduct collateral evaluations and value verification for real estate, equipment, inventory, accounts receivable, and other pledged assets.
• Review appraisals to ensure compliance with regulatory requirements, internal policies, and sound lending practices.
• Assist in ensuring loans are properly documented, perfected, and administered throughout their lifecycle.
• Maintain accurate credit files and support ongoing loan administration processes.

Relationship Monitoring & Field Reviews

• Conduct borrower meetings, site visits, collateral inspections, and floor plan reviews to validate business operations and collateral condition.
• Monitor portfolio performance and borrower financial trends to identify early warning indicators.
• Assist with managing problem credits, loan workout strategies, and collection efforts when needed.

Leadership & Team Support

• Provide training, guidance, and mentorship to junior credit analysts and support staff.
• Promote consistency in underwriting, portfolio management, and credit administration practices.
• Serve as a department resource and team lead in the absence of the Credit Manager.
• Participate in departmental initiatives, process improvements, and special projects.
• Attend and contribute to Loan Committee meetings by presenting analyses and credit recommendations.

Policy, Compliance & Risk Management

• Maintain thorough knowledge of the Credit Union's Loan Policy, underwriting standards, and regulatory requirements.
• Support the development and maintenance of credit policies, procedures, and risk management practices.
• Ensure compliance with all applicable regulations, internal controls, and lending standards.
• Contribute to a culture of sound credit administration and prudent risk management.

We offer a competitive salary, generous time off, paid holidays and a benefits package with extensive coverage options, along with a supportive and positive work environment.

Ready to take the first step?

Collins Community Credit Union is an EEO Employer. M/F/Veteran/Disability. We strongly encourage minorities, veterans, and individuals with disabilities to apply for career opportunities with the Credit Union. We are an E-Verify Employer.