VP, Credit Analyst

Description

NOTICE: JOB APPLICANTS LIMITED TO DC, MD, OR VA RESIDENTS. POSITION IS HYBRID.

Please be advised that only applicants residing in the District of Columbia, Maryland, or Virginia will be considered for this position.

Join Lafayette Federal Credit Union, a proud recipient of USA Today's Top Workplaces of 2024 award! 

As we continue to grow, we are on the lookout for exceptional talent to join our dynamic team. At Lafayette Federal Credit Union, we pride ourselves on our commitment to excellence and our reputation as an employer of choice. We believe that the dedication and skills of our team members are crucial to achieving our mission of becoming the premier financial partner for our community. Your potential contributions are invaluable, and we are excited to welcome new team members who share our passion for innovation and high performance.

About us: 

Our Difference: What makes Lafayette Federal cutting-edge? Lafayette Federal Credit Union is not only a great place to bank, but also a great place to work! In addition to our Top Workplaces recognition by USA Today, we've also earned the numerous accolades including:

• Newsweek’s America’s Best Banks list
• A 5-star rating from Bauer Financial
• Recognition by S&P Global's Top Performing Credit Unions

Our Culture: Lafayette Federal is about inclusion, diversity, high performance, and new opportunities. Teamwork and our sense of community also make Lafayette Federal a great place to work. Each person is valued for his or her unique set of skills. We share a common devotion to the people we serve, participating in charity events throughout each year and giving back to the community. 

Our Opportunities: Professional development, training, and certification is a priority for our employees. We want you to reach your career goals and provide support that leads to opportunities of advancement within the industry. 

About the role:

We are currently seeking a highly motivated VP, Credit Analyst to support our team!

• Are you passionate about analyzing financial statements and ensuring the accuracy of financial records to assess the financial health of businesses?
• Do you excel in analyzing financial data, identifying discrepancies, and recommending improvements?
• Do you thrive in a dynamic environment where you can make a significant impact?

If so, then Lafayette Federal Credit Union is the place for you! 

Requirements

Job Duties:

Financial Analysis:

• Analyzing financial statements, including tax returns, balance sheets, income statements, and cash flow statements, to assess the financial health of businesses.
• Evaluating borrower’s credit history, financial performance, and ability to repay loans.
•  Conducting ratio analysis, trend analysis, and cash flow projections to support credit decisions 

Credit Risk Assessment:

• Identifying potential risks associated with commercial loan applications and make recommendations to mitigate those risks.
• Assessing the adequacy of collateral and determine loan-to-value ratios and monitoring economic and industry conditions that could impact borrower's ability to repay loans.
•  Analyzing Small Administration, Asset Based, and Government Contract Lending requests. 

Credit Memo Preparation:

• Preparing detailed credit memos that summarize financial analysis, risk assessment, and recommendations for loan approval or denial.
• Presenting credit findings to loan committees or senior management for review and decision-making.
•  Ensuring that all credit analysis complies with the bank’s policies and regulatory requirements. 

 Requirements: 

 Ten years to fifteen years of similar or related experience. Strong understanding of financial products, credit analysis, and risk management principles.  A bachelor's degree, or achievement of formal certification recognized in the industry as equivalent to a bachelor's degree (e.g., information technology certification in lieu of a degree).

Top benefits or perks:

Joining Lafayette Federal comes with perks to support you in your personal and professional journey. We provide employees with a generous benefits package including:

• Employer paid (99.9%) health insurance premium for single and family coverage (HMO Plan)
• Fully funded deductible (HMO Plan)
• 401k employer matching contribution
• Income protection with life insurance, short and long-term disability
• Paid time off, holiday leave, and birthday leave
• Educational assistance
• Commuter benefits program and more!

Pay: $148,571.00 - $157,856.00 annually depending on experience and qualifications.
 

The job posting highlights the most critical responsibilities and requirements of the job. It is not all-inclusive. There may be additional duties, responsibilities, and qualifications for this job.

Salary : $148,571 - $157,856