Corporate Lending Credit Analyst Junior, Full, or Senior Depending on Experience (Finance)
Company Description
Ent Credit Union exists to improve the financial quality of life of the people we serve. This mission drives us every day, but we are more than our mission. We're also individuals using our unique abilities to make our organization, and the communities we serve, better than they were yesterday. We're a not-for-profit that puts people above profits and actively invests in our community. Our rapidly growing team is expanding our reach to serve more people throughout Colorado. To spread our mission far and wide, we need people like you. If you're interested in a paycheck with a purpose, apply with us today. Our people make the difference, and we truly believe you are our greatest asset.
Job Description
Summary of the Junior level: This unique role will support the Corporate Banking Officers in providing thorough and accurate financial, company, risk, and industry analysis on borrowers and by servicing credit relationships. The position is responsible for performing independent underwriting analysis on credit requests and analyzing the repayment capacity of new applicants and existing obligors, monitoring borrower compliance with approved terms, performing portfolio management tasks and analysis, and assisting in the administration of credit relationships. At this level, the incumbent is being introduced to the various methods used to effectively control Ent's potential risk in corporate lending and making recommendations on existing / new applicant decisions.
Summary of the Full level: This unique role will support the Corporate Banking Officers in providing thorough and accurate financial, company, risk, and industry analysis on borrowers and by servicing credit relationships. The position is responsible for performing independent underwriting analysis on credit requests and analyzing the repayment capacity of new applicants and existing obligors, monitoring borrower compliance with approved terms, performing portfolio management tasks and analysis, and assisting in the administration of credit relationships.
Summary of the Senior level: This role will support the Corporate Banking Officers in providing thorough and accurate financial, company, risk, and industry analysis on borrowers and by servicing credit relationships. The position is responsible for performing independent underwriting analysis on credit requests and analyzing the repayment capacity of new applicants and existing obligors, monitoring borrower compliance with approved terms, performing portfolio management tasks and analysis, and assisting in the administration of credit relationships. In addition, it will serve in a mentoring and leadership role for less seasoned credit analysts.
Essential Functions at the Junior level:
- Analysis: Analyze the financial condition of businesses and individuals, evaluate the quality and sufficiency of various sources of repayment, collateral, and the appropriateness of credit structures for new loan and renewal requests. Interpret and analyze applicant's business plan, financial statements, and related materials being mindful of credit union procedures and credit policy. Make recommendations to the Corporate Lending team. Maintains a working knowledge of the bank's lending policies, procedures, and philosophies toward various types of loans.
- Risk Monitoring: Monitor existing loan relationships for compliance and changes in risk profiles. Prepare loan presentations with guidance from Corporate Banking Officers (who will provide adequate details of the credit structure, management evaluation and the background of the business and industry), provide assessment and adequacy of deal structure, risk ratings, and creditworthiness, and participate in presentation and/or present loans to the approving authority. Participate in the appraisal and environmental due diligence required within the department. Assists with audits and credit examinations, portfolio and borrower stress testing, risk rating reviews, covenant compliance, portfolio analysis, and other duties, as assigned.
- Collaboration: Support lending officers with the narrative underwriting of basic credit requests and renewals. Assist lenders and loan administration staff in loan closing activities.
- Analysis: Analyze the financial condition of businesses and individuals, evaluate the quality and sufficiency of various sources of repayment, collateral, and the appropriateness of credit structures for new loan and renewal requests. Interpret and analyze applicant's business plan, financial statements, and related materials being mindful of credit union procedures and credit policy. Make recommendations to the Corporate Lending team. Maintain a working knowledge of the bank's lending policies, procedures, and philosophies toward various types of loans.
- Risk Monitoring: Monitor existing loan relationships for compliance and changes in risk profiles. Prepare loan presentations with guidance from Corporate Banking Officers (who will provide adequate details of the credit structure, management evaluation and the background of the business and industry), provide assessment and adequacy of deal structure, risk ratings, and creditworthiness, and participate in presentation and/or present loans to the approving authority. Participate in the appraisal and environmental due diligence required within the department. Assists with audits and credit examinations, portfolio and borrower stress testing, risk rating reviews, covenant compliance, portfolio analysis, and other duties, as assigned.
- Collaboration: Support lending officers with the narrative underwriting of basic credit requests and renewals. Assist lenders and loan administration staff in loan closing activities.
- Bank Secrecy Act: Remains cognizant of and adheres to Ent policies and procedures, and regulations pertaining to the Bank Secrecy Act.
- Analysis: Analyze the financial condition of businesses and individuals, evaluate the quality and sufficiency of various sources of repayment, collateral, and the appropriateness of credit structures for new loan and renewal requests. Interpret and analyze applicant's business plan, financial statements, and related materials being mindful of credit union procedures and credit policy. Make recommendations to the Corporate Lending team. Maintain a working knowledge of the bank's lending policies, procedures, and philosophies toward various types of loans.
- Subject Mater Expert / Staff Development: Mentor and provide guidance to less seasoned credit analysts to ensure standardization of process efficiency, and staff development.
- Risk Monitoring: Monitor existing loan relationships for compliance and changes in risk profiles. Prepare loan presentations with guidance from Corporate Banking Officers (who will provide adequate details of the credit structure, management evaluation and the background of the business and industry), provide assessment and adequacy of deal structure, risk ratings, and creditworthiness, and participate in presentation and/or present loans to the approving authority. Participate in the appraisal and environmental due diligence required within the department. Assists with audits and credit examinations, portfolio and borrower stress testing, risk rating reviews, covenant compliance, portfolio analysis, and other duties, as assigned.
- Collaboration: Support lending officers with the narrative underwriting of basic credit requests and renewals. Assist lenders and loan administration staff in loan closing activities.
Qualifications
Minimum Formal Qualifications of the Junior level:
- Bachelor's Degree in Accounting, Business Administration, Finance, or related field
- 1+ years' general business administration / accounting / finance or similar business operations experience. Preferred
- Bachelor's Degree in Accounting, Business Administration, Finance, or related field
- 3+ years' general business administration / accounting / finance or similar business operations experience. Required.
- Bachelor's Degree in Accounting, Business Administration, Finance, or related field
- 5+ years' combined experience in general business administration, accounting, finance, or similar business operations training. Required.
- 3+ years' experience as a credit analyst at a financial institution. Preferred
Each year of relevant work experience may be exchanged for a year in a relevant degree program or vice versa. For example, a requirement of a bachelor's degree in accounting and 2+ years of account experience could be substituted for a high school diploma and 6 years of relevant accounting work experience or a master's degree in accounting and 0 years of work experience.
Technical or Specialized Knowledge/Skills:
- Knowledge of business structures, industries, and member relationship management.
- Strong command of the skills and tools used in business, lending, risk & financial analysis.
- Experience in sales related activity.
- Strong member service skills.
- Strong Excel/Word skills.
- Strong Computer skills.
- Demonstrated ability to learn quickly, think independently, and be coachable.
- (preferred) Knowledge of accounting/finance principles.
Certifications Required:
- Valid Driver's license with an acceptable driving record required
Environmental, Physical and Psychological Requirements
- Standing - Occasionally
- Walking - Occasionally
- Sitting - Frequently
- Lifting - Rarely (40 Lbs)
- Carrying - Rarely
- Pushing - Rarely
- Pulling - Rarely
- Balancing - Rarely
- Stooping - Rarely
- Kneeling - Rarely
- Crouching - Rarely
- Crawling - Rarely
- Reaching - Occasionally
- Handling - Occasionally
- Grasping - Occasionally
- Feeling - Occasionally
- Talking - Frequently
- Hearing - Frequently
- Repetitive Motions - Frequently
- Eye/Hand/Foot Coordination - Occasionally
- Noises louder than normal speaking volume - Occasionally
- Temperature Changes - Rarely
- Atmospheric Conditions - Rarely
Additional Information
The pay range at the Junior level: $24.19 to $27.80 per Hour (S13)
The pay range at the Full level: $29.28 to $33.42 per Hour (S14)
The pay range at the Senior level: $34.80 to $39.72 per Hour (S15)
Final compensation for this position will be determined by various factors such as relevant work experience, specific skills and competencies, education, certifications, and internal pay equity.
This position is eligible for our corporate bonus program based on company performance.
Benefits Summary Sheet
At Ent Credit Union, we offer a comprehensive benefits package, including:
- Health Benefits: Affordable insurance, 24/7 doctor access, and a nationwide provider network.
- 401(k): 3% automatic contribution after six months, plus up to 6% matching.
- Paid Time Off: During your first year, enjoy 16 days of paid time off (PTO) plus 9 paid holidays. And it grows from there.
- Volunteer Time Off: Paid time off to give back to the community.
- Education Support: Up to $10,000 annually for higher education and assistance for certifications.
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Exclusive Discounts: Significant savings on home, car, and personal loans.
For more information about our outstanding benefits please visit our careers page at www.ent.com/careers.
We anticipate this position to close on 02/12/2025. Please submit your application at your earliest convenience to be considered.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
