Commercial Credit Analyst

Overview

It’s an exciting time to be at Hanscom Federal Credit Union! As a member of our Commercial Lending Department, you will join a dynamic team of purpose-driven individuals committed to delivering exceptional service to our members.

• Members-first – our members are our top priority. We make business decisions with our members at the top of mind.
• Integrity – we’re honest and committed to doing what’s best for our members and our company. What is right isn’t the same as what is easy.
• Teamwork – we are in this together and we all benefit from our success.
• Innovation – we identify new ideas for processes or products that will lead to positive changes and take the initiative to implement the changes.
• Empathy – we understand that communication starts by listening, understanding diverse perspectives, and caring about others’ sustained success.

• $34.24/hr to $42.80/hr
• Compensation for this position will be determined based on the candidate’s experience, skills, and qualifications. Final pay may vary depending on factors such as prior experience, expertise, and specific requirements of the role. We are committed to offering competitive compensation and will discuss the final pay rate with candidates should an offer be made.
• A full-time, permanent position that will reward you through an annual bonus program.
• Medical, Dental, Vision, FSA, 401(k), Student Loan Paydown, and paid Sick and Vacation time benefits.
• A flexible hybrid work schedule environment.
• We are committed to fostering career growth and development – when you join our organization it’s not just a job.
• We look to develop your skills aligned to our business needs and help you progress in your career.

You are a dynamic, detail oriented, intuitive person with the ability to develop relationships, build rapport and become a trusted team member. You are able to provide everyone you assist or support with a high level of service, have strong organization and multi-tasking skills, and are searching for a rewarding career where you are valued and respected.

• Assist loan officers in gathering data from borrower, internal and external sources; contact borrower for additional information and clarification of data when necessary.
• Review and analyze financial statements, tax returns, projection models, and all other relevant financial data, credit reports, collateral and various ratios that pertain to current economic and industry trends.
• Utilize the company’s financial analysis spreading software to generate an informative and comprehensive credit memo for loan officers’ presentation to the appropriate approving body, as stipulated in Loan Policy, for decision making purposes.
• Prepare analysis on moderate to complex commercial credit requests. Spread and interpretative analysis of financial statements and prepare memorandum for use in loan decisioning. Make risk rating recommendations.
• Inform loan officers when up-to-date financial statements are needed for commercial accounts, and contact borrower(s) to request updated information.
• Assist loan officers in the review and renewal of credit facilities and provide back-up support when requested.
• Prepare analysis and write-ups for amendments, consents, and waivers to existing credit documentation.
• Monitor the financial performance of the portfolio companies including ongoing covenants renewals and annual reviews.
• Ensure risk rating accuracy and compliance of credit policy.
• Identify and recommend workflow process alternatives that can lead to improved efficiency and service levels.
• Mitigate identified risks and make credit recommendations in accordance with sound credit-granting principles and compliance with the company’s philosophy and principles outlined in Loan Policy and other policies and procedures.
• Participate in preparation of assigned audits and compliance reviews, such as the Credit Union’s external loan review.
• Working knowledge of lending processes and supporting policies.
• Ensure compliance with all policies, procedures and processes, and all applicable state and federal banking laws, rules and regulations;…