Commercial Credit Analyst
Company: Power Financial Credit Union
Location: Pembroke Pines
Posted on: June 20, 2022
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
- 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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