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Open nowPosted 16 days ago

Senior Commercial Credit Analyst

LMCU44 open roles

Where
Fort Myers FL
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Your applicationOpen nowSenior Commercial Credit AnalystLMCU · Fort Myers FL
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The clock on this job

Early applications get read.

8.2% of postings close within 7 days. Measured by our own scanner across the market. LMCU postings stay open a median of 5 days.

Share of postings closed within
  1. 1.8%1 day
  2. 3.6%3 days
  3. 8.2%7 days
  4. 15.2%14 days
  5. 34.0%30 days
This job: posted 16 days ago

LMCU median: 5 days open

The posting

General Information

Primary Location: Fort Myers

Employee Status: Full time

Workplace Type: Fully On-Site

Who we are:

At LMCU, you'll find more than just a job - discover a fulfilling career where your contributions truly matter. Join our talented team at Lake Michigan Credit Union and discover the difference an employer who puts people first can make in your career and life.

About this position:

The Senior Commercial Credit Analyst role is responsible for assessing the risk(s) of commercial loan requests, managing the administrative requirements of a commercial loan portfolio, train and mentor junior credit analyst(s), and assisting fellow credit and lending staff with commercial loan requests while adhering to the Credit Union’s Member Business Loan Policy. The Senior Commercial Credit Analyst will also from time-to-time be assigned special credit specific projects to manage and complete.

What you'll do:

  • Gather and analyze financial data such as income growth, budgets, projections, cash flow, quality of management, and industry information to determine extension of credit and risks around extension of credit.
  • Assist commercial loan officers with structuring of loans, keeping with established regulations and policies. Provide commercial loan officers with pertinent questions pertaining to the Borrower/Proposed Borrower and the subject loan request(s).
  • Provide feedback, when necessary, regarding the MBL policy and procedures. This shall include preparing formal requests to waive regulations when required by loan structure.
  • Maintain administrative tracking reports including: financial statement, covenant, and borrowing base tracking.
  • Collect and review updated financial information from existing Borrowers to reassess risk grades and for detection of any potential credit deterioration.
  • Assist in maintenance of the commercial lending referral system to include communicating with potential borrowers regarding loan structures, desired types of loans, and required information needed to consider a loan request

What you'll bring:

  • Bachelor's degree in Business, Finance, Economics or other related business study.
  • Five to eight years of commercial lending underwriting experience.
  • Must possess the ability to prepare written reports and present formal presentations.
  • Expert working knowledge of Microsoft Word and Excel is required.

What you’ll get:

  • All Employees: weekly pay and retirement savings options.
  • Full Time Employees: comprehensive health coverage including medical (with prescription), dental, vision, HSA match, paid parental leave, and tuition reimbursement.
  • To see a full list of our benefit offerings, check out this helpful guide!

Have additional questions about the role? Email the Talent Acquisition Team at: [email protected].

If you lack access to the internet or require an accommodation in the application process, please send your resume via mail to PO Box 2848, Grand Rapids, MI 49501

LMCU is an Equal Opportunity Employer

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