Commercial Credit Analyst at The Atlantic Federal Credit Union

Springfield, New Jersey, United States -

Full Time

Start Date

Immediate

Expiry Date

22 May, 26

Salary

85000.0

Posted On

21 Feb, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Credit Analysis, Loan Underwriting, Credit Approval Packages, Annual Reviews, Risk Assessment, Financial Analysis, Industry Analysis, Collateral Analysis, Loan Structure, Regulatory Compliance, Policy Interpretation, Problem Analysis, Presentation Skills, Workflow Management, Business Calls

Industry

Banking

Description

Description Works with the Commercial Credit Manager to help assess the credit worthiness of customers and loan risk. Responsible for the loan underwriting and creation of credit approval packages, annual reviews, and making recommendations regarding loan approval. Duties/Responsibilities: Prepare written credit memorandums to be provided to senior management and loan committee on all new loans, renewals, extensions, and modifications relative to financial strengths and weaknesses of borrowers, risk assessments, strength of guarantors, industry analysis and collateral and loan structures with opinions as to credit worthiness. Review documentation provided by the Commercial Lenders for accuracy and completion. Performing the credit analysis of new and existing loans to evaluating the credit worthiness of individuals and businesses and the short and loan term prospects of loan repayment and the overall credit risk of the loan Works with Lenders to create loan approval packages, renewals, modifications, and extensions. Ordering appropriate reports, providing industry and other research information as necessary, etc. Manages Department workflows when the Commercial Credit Manager is not available. Make joint business calls with Commercial Lenders or Management when necessary. Completes additional Commercial Loan tasks, as necessary. Must maintain a thorough knowledge of the Credit Union’s lending programs, policies, and procedures. Must maintain strict adherence to regulatory requirements, ensure conformity with all federal and state compliance policies. The Atlantic strives to maintain balance between our employees’ personal and professional responsibilities. All full-time employees receive a highly competitive and comprehensive total compensation package including competitive pay, target incentive, medical / dental / prescription coverage, 401(k) plan (with up to 6% match), and generous paid time off. As an The Atlantic employee you are eligible for discounts on our products and services and earn paid time off for volunteering. In addition to these benefits, The Atlantic provides educational and developmental opportunities as well as access to our formal Tuition Assistance Program. Requirements Bachelor degree in Accounting, Finance, or related field of study Specialized bank lending education/training Full understanding of regulatory laws, rules, interpretations, and guidance Excellent presentation skills (written & verbal). Ability to interpret policies and procedures, analyze complex problems and adopt an effective course of action.

Responsibilities

The role involves assisting the Commercial Credit Manager in assessing customer creditworthiness and loan risk by preparing detailed credit memorandums, conducting analysis on financial strengths and weaknesses, and making recommendations for loan approval. Key duties include reviewing documentation, performing credit analysis for new and existing loans, and managing department workflows when the manager is absent.