Business Loan Analyst at Polish & Slavic Federal Credit Union | Essex County, NJ, US | Rezi

Business Loan Analyst at Polish & Slavic Federal Credit Union

Business Loan Analyst

Polish & Slavic Federal Credit Union · Essex County, NJ, US

Yesterday

Business Loan Analyst

Polish & Slavic Federal Credit Union · Essex County, NJ, US

2 days ago
Resume preview

Impress employers and recruiters.
Choose from hundreds of resume examples.

Target Resume Now

Responsibilities

  • Review and analyze MBL loan applications, financial statements, tax returns, credit reports, and other supporting documents for businesses.
  • Perform financial analysis, including cash flow analysis, to determine the financial viability of the loan and the level of risk involved.
  • Process loan applications by ordering credit reports, appraisals, appraisal reviews, flood determinations, and funds verification.
  • Follow up with the Business Loan Consultant on missing documents and/or information.
  • Communicate with borrowers during the application process as needed.
  • Conduct in-depth due diligence on potential borrowers to verify information accuracy and ensure compliance with lending policies and regulations.
  • Prepare credit write-ups.
  • Communicate loan decisions to clients and collaborate with internal teams.
  • Support the closing team by collecting required documents and information from borrowers, reviewing pre-closing conditions, and gathering necessary approvals.
  • Assist the portfolio administration team with collecting documents for annual reviews.
  • Assist management in preparing monthly closing pipeline reports.
  • Perform other duties as assigned by manager or as needed.

Requirements

  • Minimum 2 years’ experience in lending field or financial environment, workflow organization and processing procedures.
  • Comprehensive knowledge of commercial and business lending with completion of formal commercial loan analysis education on the evaluation of financial statements and tax returns, or prior work experience.

Experience Level

  • Minimum 2 years

Education Level

  • Formal commercial loan analysis education

Salary/Compensations

  • $27.57 - $33.94 per hour

Benefits

  • Medical Insurance
  • Vision Insurance
  • Dental Insurance
  • Retirement Plans
  • Life Insurance Plans
  • Tuition Reimbursement
  • Pet Insurance
  • Paid Time Off (Vacation, Personal, Sick Time)
  • Birthday Day off

About the Company

  • Polish & Slavic Federal Credit Union is committed to supporting our employees’ overall wellbeing by providing valuable benefits.

Equal Opportunity

  • AN EQUAL OPPORTUNITY EMPLOYER