Commercial Credit Analyst

Summarily, the Commercial Real Estate Credit Analyst (CCA) will analyze a loan applicant’s credit history and approve or deny loan applications based on the analysis.

• Monitors the queue for commercial loan applications and follows up with applicants for the purpose of receiving required application materials. Analyzes a loan applicant’s credit worthiness including an applicant’s character, capacity, collateral, capital and economic conditions; Reviews credit bureau reports and credit score; Verifies information included on loan application as necessary, and makes a recommendation to the account officer or loan committee to approve or deny a loan. Documents reason for a denied loan and issues written adverse action letters to applicants within 30 days of application receipt.
• 100% accurate application of the loan policy with no exceptions. Fully conversant in all aspects of the commercial loan policy and lending processes. Consistently applies standard underwriting practices to all credits and yields clear, concise risk measures for consideration by senior management.
• Prepares loan presentation sheets, credit memos (both for initial credit evaluation and periodic credit review) and draft term sheets and commitment letters for account officer signature. Reviews legal documents for adherence to approved loan terms and tracks all post-account exceptions to assure timely receipt and execution of all documents, policies, agreements, escrows or other items required per the loan approval and policy.
• Assigns and recommends risk ratings to each credit at completion of underwriting, during annual credit reviews, and upon identification of material adverse credit condition that impair or threaten to impair repayment capacity. Risk rating accuracy should be maintained at 95% or better as measured by NCUA, external and internal examination results.
• Prepares and issues third party engagements for appraisal, Phase I and PCA reports and performs report reviews as appropriate.
• Performs loan assistant duties to include, but not limited to, term sheet and commitment letter drafting, clearing pre-account exceptions, checklist exceptions, coordinating all pre-settlement functions with lender’s counsel, account and funding administration.

Qualifications:

Education & Experience:

• Associates degree in business or related field of study; three years of experience in approving credit or an equivalent combination of experience and education.
• Experience with analyzing commercial real estate mortgage loans and construction and rehab lines of credit up to $15,000,000.
• Understanding and training in formal appraisal and ESA report evaluation and analysis.
• Knowledge of construction draw administration and evaluation.
• Knowledge of legislation, regulations, policies and procedures pertaining to lending practices.
• Basic understanding of the collection process.
• Complete knowledge of spreadsheet preparation, narrative underwriting and credit memo preparation and formatting.

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