Senior Credit Analyst

Seattle Credit Union; Northern (KY); Hybrid; USD 85,000 - 125,000; Full time

Benefits offered by this job

401(k) match up to 5%

Paid time off

Health benefits (medical)

Dental and vision options

Job summary

Seattle Credit Union is seeking a Senior Credit Analyst to underwrite commercial loans, complete construction draw requests, and assist with the Annual Term Loan Review process. You will work with Member Business Loan Officers and Credit Administration to help members reach their business and financial goals while delivering excellent service.

This remote role allows collaboration across teams, requires deep evaluation of financial documents, and supports ongoing policy refinement to stay

Qualifications

• Bachelor's degree in business, Finance, Accounting or related field strongly preferred.
• Minimum of five (5)+ years of experience in commercial banking.
• Minimum of five (5)+ years direct credit analysis and commercial underwriting experience.

Responsibilities

• Prepare Credit Memorandums with supporting documentation for loan approvals.
• Review borrower and guarantor documents to ensure compliance with loan policy.
• Analyze financial statements using trend, ratio, and cash flow analysis.

Skills

MS Office proficiency

Communication skills

Collaboration

Problem solving

Time management

Education

Bachelor's degree in business, Finance or related field

Tools

nCino Loan Origination System

Job description

Seattle Credit Union is proud to be an employer committed to the growth and prosperity of its employees, members, and the community. We work in a culture where voices are amplified to drive meaningful change and generate non-stop impact. We offer a comprehensive total rewards package, such as employee-paid medical benefits, 401k matching, and generous time off, such as for volunteering and even to celebrate your birthday! We provide opportunities for employees to learn and grow while fostering an inclusive work culture, and we have a tremendously diverse workforce that drives our ability to innovate and maintain excellence.

Seattle Credit Union is dedicated to helping our members achieve financial prosperity by providing education and banking services that meet their personal goals. We are Inclusive, Inventive and Invested. We are Seattle Credit Union - we build strong and trusting relationships in service of our Mission. Seattle Credit Union is proud to be intentional in recruiting, hiring, and promoting a workplace that is inclusive.

JOB TITLE: Senior Credit Analyst

Department: Member Business Lending

FLSA Status: Exempt

ABOUT THE ROLE:

We are looking for a Senior Credit Analyst who is driven to have a positive impact on the employee and member experience. You are a strategic thinker with a bias for action. You have a relentless pursuit of excellence while bringing others along. You do not settle for mediocrity and are comfortable with challenging the status quo. If you’re always looking for more efficient and innovative ways of working, are thoughtful, intentional, and collaborative, we would love to talk to you!

The Senior Credit Analyst will underwrite prospective commercial loans, complete construction draw requests, and be integral to the completion of the Annual Term Loan Review process. You will work directly with our Member Business Loan Officers and the Credit Administration team to help ensure that the members of Seattle Credit Union can reach their business and financial goals and experience the highest level of customer service. This is an exciting opportunity to bring forth new ideas and see those ideas come to life!

WHAT YOU WILL DO:

• Prepare Credit Memorandums, providing supporting documentation to present business loans for approval.
• Review borrower and guarantor documentation to ensure it matches the loan approval and complies with Loan Policy.
• Analyze and interpret financial documents including proforma financial statements using trend analysis, ratio analysis, cash flow analysis, industry averages, and macro/industry trends.
• Analyze and determine the suitability of pledged collateral securing proposed loans for compliance with internal loan policy and industry best practices. Must have deep familiarity and experience reading 3rd-party commercial appraisal reports, Environmental Phase I reports, Title Insurance Commitments and Policies, and insurance documentation.
• Provide well-written overviews of details uncovered while analyzing the financial documents of prospective borrowers and guarantors.
• Work closely with Senior Credit Officer on all aspects of the participated loan portfolio.
• On an ongoing basis, collaborate with the Senior Credit Officer to refine loan policy and procedures. Will be required to stay current on state and federal regulations concerning Member Business Lending.
• The Senior Credit Analyst may be asked to develop or refine a variety of reports and tracking mechanisms to appropriately monitor all aspects of a commercial loan portfolio.
• Track completion of the Annual Term Loan Review process, including timely monitoring of all required loan covenants, and work with Loan Officers to ensure required financial reporting documentation is received in a timely manner from all existing borrowers.
• Provide mentoring and support for the Junior Credit Analyst and collaborate with team members to meet short-term goals and long-term objectives.
• Other duties as assigned.

WHAT YOU WILL BRING:

Basic Qualifications:

• Bachelor's degree in business, Finance, Accounting or related field strongly preferred.
• Minimum of five (5)+ years of experience in commercial banking.
• Minimum of five (5)+ years direct credit analysis and commercial underwriting experience.

Skills Needed:

• Proficiency with Microsoft Office applications (Outlook, Word, Excel, PowerPoint).
• Demonstrates decisiveness, integrity, flexibility, and critical thinking that advances team, department, and organizational success.
• Demonstrates excellent written, verbal, and interpersonal communication skills.
• Demonstrates excellent customer service skills to both internal and external audiences.
• Establishes and maintains collaborative relationships with all levels of teammates across the organization.
• Takes action to advance efficiencies and engages opportunities that advance automation.
• Maintain regular and punctual attendance.

Preferred Qualifications:

• Completion of a formal commercial credit analysis training program from ABA, Moody's or RMA preferred, including but not limited to the Credit Risk Certification designation or similar.
• Experience with nCino Loan Origination System.
• Community bank or credit union background and experience.

Working Conditions:

• This is a remote role, with day-to-day duties and assignments completed outside of a formal office environment. It is expected that the candidate hired for this role will have routine access to a quiet space from which to work. Candidates throughout the US time zones may apply for this role.
• Team members may attend special off-hour meetings and seminars.
• The nature of work may include prolonged periods of sitting at a desk and working on a computer.

Compensation:

Compensation is based on the candidate's geographical location, calculated based on an adjustment factor from the Seattle area market compensation.

Essential Duties:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.

• Communicate clearly and professionally with internal and external stakeholders.
• Build and maintain positive working relationships across teams and departments.
• Collaborate with teammates to meet deadlines and deliver quality outcomes.
• Respond to questions, issues, or requests with empathy and sound judgment.
• Support team initiatives, projects, or process improvements as assigned.

The requirements listed above are representative of the knowledge, skills, and/or abilities required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

At-Will Employment Statement: We are an Equal Opportunity/Affirmative Action Employer that celebrates our collective differences and encourages all to apply, including those with different backgrounds, disability, ages, ethnicities, races, religions, gender identities, sexual orientations, national origins, or veteran status' protected by applicable federal, state, or local law.

Seattle Credit Union supports and invests in our employees. We offer many great benefits, including low-cost medical contributions and zero contributions for dental and vision plans. Additionally, SCU offers a generous paid time off program and a 401(k) plan with a dollar-for-dollar employer match up to 5%.