What are the responsibilities and job description for the Credit Analyst position at DFCU Financial?
The Opportunity: We are seeking a Credit Analyst to join our team. This role will perform all duties related to underwriting loan requests, new loans or periodic reviews. Assist with collection of financial information for new loans and annual requirements. Underwrite loan applications to render decisions and communicate required information to appropriate individuals. Serve as a resource for members and branch personnel on underwriting and compliance questions.
What You’ll Do:
Conduct thorough analysis of financial statements and credit requests, including new applications, renewals, refinancing, and annual reviews of existing credits.
Evaluate risk level associated with lending to potential borrowers by analyzing their financial history, payment habits, and overall creditworthiness.
Provide recommendations based on analysis, highlighting the borrower's ability to repay and any potential risks.
Prepare detailed credit reports and present findings to management.
Maintain knowledge and ensure all credit transactions comply with federal and state regulations, as well as DFCU policies and procedures.
Collaborate with lenders, customers, and other departments to gather necessary information, relay findings and answer inquiries.
Meet expected service levels related to recommended loan decision and due diligence requirements.
Contribute to the achievement of team goals as it relates to revenue growth, portfolio growth, asset quality and compliance.
Maintain loan files in OnBase.
Provide exceptional customer service.
What You’ll Need:
Bachelor's degree in accounting or finance preferred, or equivalent related experience.
Two to five years of credit experience in credit analysis or a related field. SBA underwriting experience is a plus.
Proficiency in MS Office and financial analysis software.
Demonstrated ability for high attention to detail.
Ability to understand financial statements, ratios, and credit risk concepts.
Demonstrated financial institution product and service knowledge.
Consistent positive, cooperative, self-motivated, courteous and professional attitude.
Demonstrated interpersonal skills, including effective verbal and written communication.
Ability to manage multiple and changing deadlines with limited supervision.
