What are the responsibilities and job description for the Credit Analyst position at Indiana Members Credit Union?
Summary/objective
The Credit Analyst is a self-motivated individual responsible for the production of commercial credit analysis for new and existing loans. In addition, they are equally as responsible for the management of the IMCU Commercial Services portfolio. They work closely with loan officers, borrowers, and IMCU personnel to ensure rapid response to loan requests. Implements and follows loan review policy and accepted loan review standards.
Essential functions
Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.
- Responsible for accurately analyzing commercial credits as assigned by the Team Lead
- Maintain awareness of new and changing underwriting guidelines and industry regulations
- Prepares weekly and quarterly department reports
- Develop solid understanding of underwriting and tracking software
- Monitor weekly exception reports within the business loan portfolio
- Develop in-depth knowledge of the portfolio and members within a given relationship
- Work closely with Commercial Lenders to help structure deals and assess risks on new money requests as well as ongoing risks within their existing portfolios
Competencies
- Strong attention to detail for accuracy in processing
- Strong accounting and finance skills applicable to commercial lending
- Excellent oral and written communication skills, including telephone communication skills
- Proactive communicator and problem solver
- Strong customer service skills
Supervisory responsibilities
- None – however, with the right candidate may be asked to help mentor less experienced associates
Work environment
- Office environment
Physical demands
- Sitting for extended period of time
- Handling – ability to touch, feel, lift, operate and control equipment, materials and objects with hands
- Reaching – ability to thrust out the hands to retrieve an object
- Seeing – ability to have power of sight
- Hearing – ability to be aware of sounds by the ear
Travel required
Minimal
Required education and experience
- College degree preferred with a background in business
- 2-5 years business experience underwriting commercial credits
- Baker Hill NextGen a plus but not required
- Working knowledge of business financial statements
- Microsoft Word and Excel, general knowledge
Other duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
