Senior Credit Analyst at Purdue Federal Credit Union

Lafayette, IN 47901, USA -

Full Time

Start Date

Immediate

Expiry Date

28 Nov, 25

Salary

0.0

Posted On

28 Aug, 25

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Ownership, Professional Manner, Vendors, Computer Skills, Writing

Industry

Financial Services

Description

How To Apply:

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Responsibilities

Review and analyze credit requests to determine financial and non-financial strengths/weaknesses, risk level, and feasibility of proposed credit relationships and transactions
Build financial spreads in the loan origination system that will serve as the basis for all financial analyses performed in the role.
Recommend appropriate covenants and conditions as may be required based upon the complexity and risk of a credit proposal (i.e. loan agreement language, borrowing base certificate advance rates, etc.).
Use IBISWorld and other market data to support an effective industry & market analysis for each credit request.
Prepare formal credit risk assessment analysis on new and existing credit for larger, more complex relationships
Evaluate trends in member data to promptly identify and report areas of concern and potential problem loans, and determine courses of action to mitigate the problems. Communicate the findings to loan officers and senior management
Assist in review of portfolio by completion of annual reviews; stress test portfolio and local market
Recommend grade changes and assess/analyze problem loans
Research and investigate local and national economic trends that may impact current loans and collateral
Attend continuing education seminars on credit analysis and analysis software to enhance personal knowledge and skill
Assist in training new departmental staff on all aspects of our Loan Operating System (nCino), our Core system (Spectrum), and other operational software used by Purdue Federal MBS
Construction Loan Administrator responsibilities, which shall include but are not limited to:
Once a perspective Construction Loan is identified by a Loan Officer, the Construction Credit Analyst will be involved in all member correspondence and meetings to gain knowledge on the project as well as to make sure construction loans are structured and monitored in a consistent manner and in accordance to loan policy and procedures.
Shall review and monitor all due diligence of the construction project from beginning to end, including but not limited to:
Plans & Specs, Surveys, Plats, Planned Development Paperwork,
Initial Title Work with required endorsements (ex. Mechanics Lien) and ordering updates with each draw,
Construction Cost Sheets and Contracts,
AIA documentation, Change Orders, Equity Requirements,
Permits,
Phase I’s,
3rd Party Budget Reviews,
Construction Inspections,
Reconcile Draws with the Credit Union Core insuring balance and availability are correct,
Monitor construction progress to insure completion percentage is in line with funds available on the construction loan to finish the project