Sr. Commercial Credit Analyst

Nusenda Credit Union; Albuquerque (NM); On-site; USD 70,000 - 100,000; Full time

Benefits offered by this job

Health and wellness options

401(k) matching

Professional development

Tuition assistance

Job summary

Nusenda Credit Union in Albuquerque, NM seeks a Sr. Commercial Credit Analyst to analyze credit information on current and potential business borrowers and determine loan risk.

You will spread and analyze financial statements, evaluate risk, and prepare formal credit memoranda while supporting loan reviews and presenting to the Loan Review Committee. The role requires deep underwriting experience and a bachelor’s degree in business, accounting, or finance, with opportunities for growth and

Qualifications

• Five to eight years of similar or related commercial underwriting or financial experience.
• Bachelor’s degree in business administration, accounting, or finance.

Responsibilities

• Monitor and manage credit risk on assigned portfolios, including reviewing loan files to ensure compliance with financial reporting requirements
• Complete analysis of new loan requests, annual reviews of existing loans and make recommendations for Risk Ratings according to findings.
• Spread and analyze financials using the Bureau’s spreading software
• Complete annual loan reviews in accordance with policy using underwriting templates and forms
• Test and process financial covenants in the commercial loan origination system, and periodically evaluate credit risk and collateral
• Complete analysis and underwriting of new loan requests, including screening, spreading, analyzing cash flow and repayment sources, collateral, and guarantors, risk rates loans, and prepare formal credit memoranda
• Collaborate with Business Services Officers, external customers, and management to identify, negotiate, and recommend loan structures
• Support Business Services Officers in presentations of new loan requests to Management Loan Review Committee

Skills

In-depth research

Financial analysis

Cash flow modeling

CRE leasing

Appraisal methodologies

Regulatory guidance

GAAP statements

Tax returns

Analytical thinking

Education

Bachelor’s degree in business administration, accounting, or finance

Job description

Nusenda Credit Union is dedicated to excellent member service and being a great place to work. We strive to make a positive difference in the lives of our members and the communities we serve to help them achieve their financial goals. Diversity, equity, and inclusion are part of our culture and values.

As an employer of choice, we invest in people and their careers. Our competitive employee benefits include several health and wellness options, competitive 401(k) matching contributions, professional development, and tuition assistance and more!

Thank you for your interest in joining the Nusenda team!

Sr. Commercial Credit Analyst

As a Sr. Commercial Credit Analyst, you will be responsible for gathering and analyzing credit information on current and potential business borrowers; determine the advisability of granting credit for diversified types of commercial loans by recommending the Loan Risk Rating per the Loan Policy. You will evaluate credit data in determining loan risk. Significant analytical thinking skills are required to analyze and assimilate financial information into an actionable format with recommendations on course of action to take. You'll analyze credit data and spread financial statements as part of risk analysis on new and renewing loans.

What You'll Do

• Monitor and manage credit risk on assigned portfolios, including reviewing loan files to ensure compliance with financial reporting requirements
• Complete analysis of new loan requests, annual reviews of existing loans and make recommendations for Risk Ratings according to findings.
• Spread and analyze financials using the Bureau’s spreading software
• Complete annual loan reviews in accordance with policy using underwriting templates and forms
• Test and process financial covenants in the commercial loan origination system, and periodically evaluate credit risk and collateral
• Complete analysis and underwriting of new loan requests, including screening, spreading, analyzing cash flow and repayment sources, collateral, and guarantors, risk rates loans, and prepare formal credit memoranda
• Collaborate with Business Services Officers, external customers, and management to identify, negotiate, and recommend loan structures
• Support Business Services Officers in presentations of new loan requests to Management Loan Review Committee

What You'll Need

• Five to eight years of similar or related commercial underwriting or financial experience
• Bachelor’s degree in business administration, accounting, or finance.

Key Skills And Experience

• Experience in conducting in-depth research and analysis.
• Knowledge of cash flow modeling, commercial real estate leasing, appraisal methodologies, applicable regulations (e.g., FIRREA, BSA, HMDA), and NCUA regulatory guidance.
• Understanding GAAP financial statements (i.e., balance sheets, income statements, statements of cash flow, and statements of owner’s equity).
• Understanding personal and business income tax returns and having a comprehensive knowledge of diversified commercial loan types, structures, and practices.
• Significant analytical thinking skills are required to analyze credit data, identify, and mitigate risks, and assimilate financial information into an actionable format with recommendations on courses of action.

Nusenda Credit Union is an equal opportunity employer. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.