Commercial Credit Analyst- Business Specialist

Description

Role: This position is responsible for Underwriting and reviewing commercial loans to achieve the lending goals of the Credit Union, originating and administering a portfolio of small equipment loans, lines of credit, credit cards, with the overall objective of maintaining credit quality, increasing profitability, and producing loan and deposit growth. Attend to the needs of commercial members to meet Blaze’s core purpose of improving lives. Contribute to the team effort by performing other job-related duties as needed. 

Work Type: Hybrid eligible - must work in office 3 days per week including Monday & Friday. 

Major Duties and Responsibilities 

Underwriting for other Commercial Lenders 

Underwrite commercial loans for extensions of credit review existing loans and maintain a prudent portfolio to achieve business lending goals. 

• Review and evaluate business loan applications, analyze financial statements and interpret key ratios and the member’s ability to pay using a global cash ow approach to determine the needs of the member. 
• Evaluate commercial properties using an income approach to volume and other market data to determine credit risk. 
• Underwrite business loans and complete loan presentations/annual reviews for review by a senior lender or analyst. 
• Analyze monthly, quarterly and annual financial reports provided by each borrower to ensure loan quality and strengthen business relationships.
• Review each loan annually and propose re-structure if appropriate. 

Sales and Portfolio Management

• Handles incoming branch referrals and all unsecured requests.   
• Ensure that renewals of existing portfolio are performed on a timely basis to avoid administrative past dues.

Perform other duties as assigned to support effective department operations. 

• Request financial information from existing and prospective borrowers.  
• Provide payment notifications on required loans. 
• Provide support through answering member questions on deposit and loan products, business documentation and compliance. 

Assist in refining the current lending system to create a prudent, streamlined lending system that accurately assesses risk, works effectively and maintains compliance with all NCUA rules and regulations. 

• Review and suggest solutions to streamline business loans in the credit union’s software programs 
• Review file documentation and lender logging procedures, verifying that loan documents are appropriate for the loan type and accurately protect Blaze.

Assist Commercial Lending Management to develop and maintain portfolio through monitoring reports and procedures to meet department performance expectations. 

• Provide input on month end portfolio reports, delinquency reports, and loan loss analysis. 
• Review reports, presentation templates and other business service processes to increase operational efficiency. 

Organize, coordinate and process business loan requests. 

• Gather and compile documentation required for loan application review. 
• Assemble financial statements and information for review. 
• Organize loan files. 
• Compile, organize and review all loan for accuracy and completeness. 

Other Duties 

• Comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control 
• Exhibit Blaze’s Core Values: Better Lives, Thoughtfully Compassionate, Minnesota’s Best, and Give Back 
• Regular and predictable attendance 
• Perform other duties as assigned to support effective department operation 

Requirements

Experience/Education/Certifications/Licenses

• Minimum High School degree or equivalent 
• Minimum 3 to 4 years' similar or related experience in financial or related industry 

Demonstrated Knowledge

Knowledge of:

• Credit Union consumer and commercial products, services, policies and procedures  
• Financial industry and related products in order to discuss them confidentially with members  
• MerdianLink 
• SBA and other guaranteed loan programs related to small businesses 
• Microsoft Office with advanced Excel ability 

Ability to: 

• Analyze financial statement and global cash flows to determine potential solutions with previous experience using software or similar product
• Underwrite loans using a global cash flow approach 
• Coordinate priorities, meet deadlines and work independently with minimal supervision 
• Use clear written and verbal communication skills 
• Make decisions and resolve problems efficiently to provide service to our members 
• Problem solve, to make recommendations, and to exercise judgment in extending credit 
• Organize multiple tasks and to maintain a courteous demeanor in a busy, high stress work environment 
• Recognize and troubleshoot system problems and inefficiencies 

Communication Skills 

Ability to proactively respond to members/staff to problem solve based on guidelines; written communications are based on templates but can be modified 

Physical Requirements 

Ability to sit and stand; answer calls; operate computer; interact with internal staff and public on the phone; travel to designated offices; lift up to 20 lbs. 

Diversity creates a healthier atmosphere, and we encourage diverse applicant depth and breadth. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law. 

We are committed to providing salary ranges for all open positions. Please note that the specific compensation for this role will be determined based on your experience, qualifications, location, and internal equity considerations. 

The salary range for this position is: $66,192.04-$85,000. This range reflects the base salary for this position. We have other benefits associated with this position which include: low-cost medical (as low as $20 a paycheck), dental insurance, vision insurance, quarterly bonuses, generous vacation and sick time hours, paid leave options, up to 6% 401k contribution, and tuition reimbursement.