Vice President, Credit Analyst responsible for assessing creditworthiness of commercial loan applicants at Lafayette Federal Credit Union. Analyzing financial statements and preparing credit memos for loan approval decisions.
Responsibilities
Evaluate and assess the creditworthiness of commercial loan applicants.
Analyze financial statements, conducting industry research, communicating with commercial loan applicants, and preparing credit memos that guide loan approval decisions.
Identify potential risks associated with commercial loan applications and make recommendations to mitigate those risks.
Prepare detailed credit memos that summarize financial analysis, risk assessment, and recommendations for loan approval or denial.
Regularly review and monitor the performance of existing loans in the portfolio, identifying early warning signs of potential credit issues.
Collaborate with loan officers, relationship managers, LFCU Members, and other team members.
Requirements
Ten years to fifteen years of similar or related experience
Strong understanding of financial products, credit analysis, and risk management principles.
Proficiency in Microsoft Office suite for documentation, analysis, and reporting purposes
Ability to analyze complex financial information and make sound business decisions
Strong problem solving and analytical skills to assess loan risks and opportunities.
A bachelor's degree, or achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree (e.g., information technology certifications in lieu of a degree).
Benefits
Employer paid (99.9%) health insurance premium for single and family coverage (HMO Plan)
Fully funded deductible (HMO Plan)
401k employer matching contribution
Income protection with life insurance, short and long-term disability
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