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
