Commercial Real Estate Credit Analyst

PBS is looking for a Commercial Credit Analyst with account management responsibilities

Basic Function:

Analyzes a loan applicant’s credit history and approves or denies commercial real estate loan opportunities in the $3MM to $25MM range based on the analysis. The position is also responsible for servicing and tracking each assigned loan to monitor for risk trends, payment status, documentation, insurance, and credit exceptions. Additional responsibilities include the accurate and timely reporting of loan status to senior management on a monthly basis.  

Essential Duties:

1. Monitors the queue for commercial loan applications and follows up with applicants for the purpose of receiving required application materials. Analyzes a loan applicant’s credit worthiness including an applicant’s character, capacity, collateral, capital, and economic conditions and prepares comprehensive credit memoranda; Reviews credit bureau reports and personal credit scores for critical evaluation of potential individual guarantors; Verifies information included on loan application as necessary, and makes a recommendation to the loan officer’s to approve or deny a loan. Documents reason for a denied loan and issues written adverse action letters to applicants within 30 days of application receipt.
2. 100% accurate application of the loan policy with no exceptions. Fully conversant in all aspects of the commercial loan policy and lending processes. Consistently applies standard underwriting practices to all credits and yields clear, concise risk measures for consideration by senior management.
3. Prepares loan presentation sheets, credit memos (both for initial credit evaluation and periodic credit review) and drafts commitment letters for loan officer’s final approval. Reviews legal documents for adherence to approved loan terms and tracks all post-closing exceptions to assure timely receipt and execution of all documents, policies, agreements, escrows or other items required per the loan approval and policy.
4. Assigns and recommends risk ratings to each credit at completion of underwriting, during annual credit reviews, and upon identification of material adverse credit conditions that impair or threaten to impair repayment capacity. Risk rating accuracy should be maintained at 95% or better as measured by NCUA, external and internal examination results.
5. Critical examination and review of third-party reports including appraisals, property condition assessments and Phase I and Phase II ESAs for summary evaluation for accuracy, adequacy and regulatory compliance with USPAP, 12-CFR-34 of the OCC Handbook and related regulatory requirements.
6. Construction loan administration support including evaluation of monthly funding applications, lien status, lien waivers, change orders, permit status and progress assessment using the percentage of completion method of accounting. 
7. Performs loan assistant duties to include, but not limited to, term sheet and commitment letter drafting, clearing pre-closing checklist exceptions, coordinating all pre-settlement functions with lender’s counsel, closing and funding administration.
8. Obtains timely and accurate submission of updated borrower financial information and reports loan exception status to senior management on a monthly basis. Promptly notifies the Credit Manager of cause for credit risk down grades and accurately reassesses and reassigns risk ratings to all assigned credits and timely reports results to management. Reassessments are prepared at least once every 12 months and include documented inspection of each property and credit risk reassessment of updated credit information in the form of a credit memorandum to the file.
9. Prepares assigned tracking, exception, pipeline, risk and status reports at least once monthly, or as assigned by the Credit Manager.
10. Notifies Credit Manager of any past due loans exceeding its contracted grace period and promptly contacts borrower to begin collection efforts. Updates the Credit Manager periodically to assess progress of collection efforts and recommends supplementary collection actions.
11. Maintains a loan application register and processes all loan applications within 30 days of receipt. All loan decisions are documented and borrowers shall be promptly informed of all credit and pricing decisions.
12. Effectively applies Reg. B, HMDA, BSA, Patriot Act and related regulations to all loans and account relationships.
13. Handles Members with the highest standards of professionalism and service with particular focus on providing members with prompt and courteous responses to all questions and requests.
14. Generates and regularly tracks Borrower deposits for third party report expenses, legal fees, loan fees, etc. and assures timely collection.
15. Quarterly reporting of loan policy exceptions for PBS loan portfolio, and the individual member credit union’s loan portfolios.
16. Performs OFAC background checks on all borrowers and guarantors for loans prior to settlement.
17. Verifies flood zone designations for all real estate transactions. 
18. Credit analyst is responsible for assembling credit files for new loans.
19. Process payment of all third-party invoices in a timely fashion.

Qualifications: 

Education & Experience:

·       Associates degree in business or related field of study; three years of experience in approving credit or an equivalent combination of experience and education.

·       Successful completion of a formal bank or financial institution commercial RE credit training program.

·       Experience with analyzing construction, office, multifamily, retail, mixed-use and, industrial property types up to $25MM in loan size. Experience evaluating hospitality assets a plus.

·       Knowledge of personal financial analysis techniques including federal tax return cash flow analysis

·       Experience in construction loan underwriting and funding application administration.

·       Three or more years of recent experience in portfolio and credit management with some commercial real estate account management responsibilities.

·       Knowledge of legislation, regulations, policies and procedures pertaining to lending practices.

·       Basic understanding of the collection process.

·       Complete knowledge of spreadsheet preparation, analysis and peer ratio comparison.

Skills:

·       Experience with loan processing software and data processing systems.

·       Proficient with MS Excel, MS Outlook, MS Word and spreadsheet systems such as FAMAS, One Point Baker Hill, or similar program.

·       Proficiency with a commercial RE loan origination platform a plus.

·       Advanced math skills including knowledge of discounted cash flow modeling, direct capitalization valuation methods, IRR calculations and debt yields .

·       Familiarity with USPAP, 12-CFR-34 of the OCC Handbook, CERCLA, ASTM 1527-13,

ASTM E2018-15.

Supervisory Responsibility:

Direct Reports:             0

Organizational Relationships:

Internal Contacts:

·       Daily interaction with Credit Union counterparts to advise, guide and counsel them on lending policies and decisions. Must be able to effectively communicate credit concepts in support of credit recommendations and risk rating assignments.

External Contacts:

·       Daily interaction with Members/Borrowers.

Authority:

This position operates under direct supervision from the Credit Manager. Although work is done in accordance with general policies and objectives, considerable latitude is given to exercise independent critical judgment. Decisions and actions are subject to review only in highly complex or unusual cases. Performance has a great influence over the Credit Union’s success.

No lending authority.