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Commercial Credit Analyst

Company: Power Financial Credit Union
Location: Pembroke Pines
Posted on: May 12, 2022

Job Description:

Power Financial Credit Union, voted one of Credit Union Journal's Best Credit Unions to work! Consider joining our dynamic well established and fun organization that celebrated 70 years of service this year!
We are currently searching for a dynamic Full-Time -Commercial Credit Analyst -to join our Credit Union family at Pembroke Pines location (Hybrid work option for this position). This position is responsible for all aspects of underwriting and prudently managing commercial loans, including but not limited to: preparation of credit approval memos and annual reviews; spreading and analyzing financial data in Sageworks (or any other financial analysis software the Credit Union may utilize); making recommendations on loan structure; vetting the viability of new loan opportunities, renewals, and modifications; and understanding and applying basic real estate valuation estimates. -In this job you will:

  • Underwrite credit approval memos, annual reviews, and modifications.
  • Accurately and timely input into financial analysis software of data such as personal tax returns, business tax returns, CPA or company prepared financial statements, rent rolls, personal financial statements, and other related documents.
  • Prepare written analysis of said data, with an emphasis on "why" and "how" a borrower's financial results change over time periods. -Usage of proper grammar and mastery of financial vocabulary are required.
  • Provide written explanation of the borrower's business and guarantors' background; the loan request; 2-3 sources of repayment; and justification of risk rating.
  • Identify and escalate to Commercial Portfolio Director and/or Chief Lending Officer any "red flags" and/or early warning signs uncovered during underwriting.
  • Have regular phone and email contact with borrowers, for reasons such as: requesting financial information; asking underwriting questions; discussing the purpose of each loan; understanding the borrower's business/financial goals and how the subject transaction fits in with them. -
  • Pre-screen potential new loans and/or modifications & increases to existing loans.
  • Recommend loan structure, loan amount, and whether or not to proceed with a loan request, based on metrics such as: business/property debt service coverage; global debt service coverage; collateral value/marketability; guarantors' credit profile; sustainability of cash flow; guarantors' experience in the industry, and other typical credit decision criteria.
  • Create term sheets based on recommendations.
  • Assist and cooperate with the Loan Servicing Team in clearing pre-closing conditions related to credit quality. -Examples include: verification of liquidity; BSA/OFAC searches; review of leases; written explanations from borrowers of derogatory or unusual background findings; or similar items. -
  • Other duties as assigned

Keywords: Power Financial Credit Union, Pembroke Pines , Commercial Credit Analyst, Professions , Pembroke Pines, Florida

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