Senior Commercial Credit Analyst

Alltrust Credit Union is seeking an experienced Senior Commercial Credit Analyst. The Senior Commercial Credit Analyst will be responsible for the review of financial statements, tax returns, credit, and collateral on commercial loan requests to ensure compliance with the Alltrust Credit Union Commercial Lending Policy. Primary responsibilities include, but are not limited to, performing a cash flow, collateral, and credit analysis on a borrowing entity and its guarantor(s) on a new loan request or a participating loan transaction, and recommend a credit decision. Additionally, this position will also evaluate portfolio credit risk on a periodic basis on existing commercial or commercial participation loans within the portfolio to assess changes in credit risk as a part of risk management practices.

Responsibilities

• Review and analyze borrowing entity and guarantor credit reports, tax returns, financial statements to conduct a thorough cash flow analysis.
• Assess financial stability and creditworthiness of borrowing entities and guarantors to determine ability to repay. Conduct financial ratio analysis including operating, leverage, liquidity, capacity, and collateral.
• Review and analyze appraisals, property inspections, and/or environmental for risk analysis and acceptability of collateral.
• Prepare personal and business cash flow analysis for borrowing entities and guarantors to determine appropriate risk rating.
• Compose credit memos in narrative format to be presented to management for approval. Will include results of credit analysis and a summary of additional requirements and recommendations for the loan. Memos to include an analysis of borrower(s) character, financial reports and ratios, liquidity, profitability, credit and historic business experience and trends, collateral, economic conditions, competition, along with similar industry, size and geographic location, and a summary of additional documentation and covenants required for the loan.
• Monitor and review commercial loans/participations, interacting and communicating with participating entities and internal accounting, servicing, and collections departments.
• Assist with loan portfolio monitoring. Track and perform periodic loan reviews of commercial loans and participations as required and ensuring accuracy and completeness of each credit. (e.g. preparing financial request letters, ordering property inspections, updated insurance, spread of financials, rent rolls, and additional loan covenant requirements). Recommend asset quality rating upgrades and downgrades in risk ratings, and credit modifications if necessary.
• Participate in the updating of policies, procedures, and guidelines. Lead responses and implementation of changes including new programs, systems, documents, and verifications related to commercial lending.
• Assist commercial loan officers with loan application and approval process.
• Participate in internal audits and regulatory examinations.
• Performs additional duties as required.

Requirements/Skills Needed

• Bachelor’s degree in accounting or finance.
• Minimum of 5 years’ experience in commercial credit analysis/credit review with a solid understanding of accounting principles, financial statements, and income tax returns.
• Experience that supports strong understanding of commercial credit analysis concepts and ability to apply concepts when reviewing financial statements and tax returns.
• Strong analytical, mathematical skills, financial literacy skills, and general understanding of GAAP.
• Strong Excel skills.
• Ability to use technology to perform job functions effectively and efficiently.
• Performance-driven mindset.
• Excellent written and verbal communication skills.

How to Apply

A cover letter along with your resume may be emailed to hr@alltrustcu.com or you may mail to Human Resources, Alltrust Credit Union, 123 Alden Road, Fairhaven, MA 02719.

We encourage you to visit our website at www.alltrustcu.org, for more information about career opportunities and information about our Credit Union.