Nusenda Credit Union
Nusenda Credit Union is dedicated to excellent member service and being a great place to work. We strive to make a positive difference in the lives of our members and the communities we serve to help them achieve their financial goals. Diversity, equity, and inclusion are part of our culture and values.
Our competitive employee benefits include several health and wellness options, competitive 401(k) matching contributions, professional development, tuition assistance and more!
We are currently seeking a
Credit Analyst
to join our organization. As a Credit Analyst, you will be responsible for gathering and analyzing credit information on current and potential business borrowers. You'll determine the advisability of granting credit for diversified types of commercial loans by recommending the Loan Risk Rating per the Loan Policy. You'll assist Business Services Officers regarding annual loan reviews and origination of new loan requests. You'll complete analysis of new loan requests, annual reviews of existing loans and make recommendations for Risk Ratings according to findings. You'll analyze credit data and spreads financial statements as part of risk analysis on new and renewing loans.
What You'll Do
Monitor and manage credit risk on assigned portfolios, including reviewing loan files to ensure compliance with financial reporting requirements
Spread and analyze financials using the Buker’s spreading software
Comple annual loan reviews in accordance with policy using underwriting templates and forms
Test and process financial covenants in the commercial loan origination system, and periodically evaluating credit risk and collateral
Complete analysis and underwriting of new loan requests, including screening, spreading, analyzing cash flow and repayment sources, collateral, and guarantors, risk rates loans, and prepare formal credit memoranda
Collaborate with Business Services Officers, external customers, and management to identify, negotiate, and recommend loan structures
Support Business Services Officers in presentations of new loan requests to Management Loan Review Committee
What You’ll Need
Three to five years of similar or related commercial underwriting or financial experience
Bachelor’s degree in business administration, accounting, or finance.
Key Skills And Experience
Experience in conducting in-depth research and analysis.
Knowledge of cash flow modeling, commercial real estate leasing, appraisal methodologies, applicable regulations (e.g., FIRREA, BSA, HMDA), and NCUA regulatory guidance.
Understand GAAP financial statements (i.e., balance sheets, income statements, statements of cash flow, and statements of owner’s equity),
Understand Personal and business income tax returns and have a comprehensive knowledge of diversified commercial loan types, structures, and practices.
Significant analytical thinking skills are required to analyze credit data, identify, and mitigate risks, and assimilate financial information into an actionable format with recommendations on courses of action.
Nusenda Credit Union is an equal opportunity employer. All aspects of employment, including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.
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Our competitive employee benefits include several health and wellness options, competitive 401(k) matching contributions, professional development, tuition assistance and more!
We are currently seeking a
Credit Analyst
to join our organization. As a Credit Analyst, you will be responsible for gathering and analyzing credit information on current and potential business borrowers. You'll determine the advisability of granting credit for diversified types of commercial loans by recommending the Loan Risk Rating per the Loan Policy. You'll assist Business Services Officers regarding annual loan reviews and origination of new loan requests. You'll complete analysis of new loan requests, annual reviews of existing loans and make recommendations for Risk Ratings according to findings. You'll analyze credit data and spreads financial statements as part of risk analysis on new and renewing loans.
What You'll Do
Monitor and manage credit risk on assigned portfolios, including reviewing loan files to ensure compliance with financial reporting requirements
Spread and analyze financials using the Buker’s spreading software
Comple annual loan reviews in accordance with policy using underwriting templates and forms
Test and process financial covenants in the commercial loan origination system, and periodically evaluating credit risk and collateral
Complete analysis and underwriting of new loan requests, including screening, spreading, analyzing cash flow and repayment sources, collateral, and guarantors, risk rates loans, and prepare formal credit memoranda
Collaborate with Business Services Officers, external customers, and management to identify, negotiate, and recommend loan structures
Support Business Services Officers in presentations of new loan requests to Management Loan Review Committee
What You’ll Need
Three to five years of similar or related commercial underwriting or financial experience
Bachelor’s degree in business administration, accounting, or finance.
Key Skills And Experience
Experience in conducting in-depth research and analysis.
Knowledge of cash flow modeling, commercial real estate leasing, appraisal methodologies, applicable regulations (e.g., FIRREA, BSA, HMDA), and NCUA regulatory guidance.
Understand GAAP financial statements (i.e., balance sheets, income statements, statements of cash flow, and statements of owner’s equity),
Understand Personal and business income tax returns and have a comprehensive knowledge of diversified commercial loan types, structures, and practices.
Significant analytical thinking skills are required to analyze credit data, identify, and mitigate risks, and assimilate financial information into an actionable format with recommendations on courses of action.
Nusenda Credit Union is an equal opportunity employer. All aspects of employment, including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.
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