Credit Analyst Role with High Composite Star Rated Credit Union
Location: Columbia, SC
Pay: $0.00 - $56,800.00 /Year
Name: Smith Richardson
Our client is a
well-respected, dynamic not-for-profit financial cooperative with the purpose
of serving its members. As of last year, they had a Composite Star rating of 5
stars by a reputable financial publishing organization with over four decades
of providing consumers with expert advice and tools, which is suggestive of
being a superb institution and financially sound. They are federally insured by
the National Credit Union Share Insurance Fund, which is regulated by the
National Credit Union Administration (NCUA), an agency of the federal
government. Currently the client serves approximately 15,000 members with
assets of approximately $65 million and loans of $37 million.
•Major Medical, Dental and Vision
•Company appreciation dinners, outings and lunches
•Performance Bonuses, depending on profitability of
the institution and the employee’s work results
•Company Matching 401(k) Plan (up to 7%)
•PTO (accrual per month) and prorated in the first
year. Two weeks to start and build from there.
•Open to quarterly incentive program, which was
instituted in the past. Value input from employees. Average tenure of employees
is 6+ years. Position is open due to a retirement.
WITH THE COMPANY
To review daily credit requests and provide approval or
denial within the loan policy and procedures; to maintain records of responses
on all credit requests, including correspondence and documents.
- Reviews and evaluates credit requests to determine if credit and loan
conditions meet the Credit
policies and procedures while ensuring compliance matters are satisfied;
applications while ensuring credit decisions are adequately communicated to
specified timeframe; ensures loan approval exceptions are thoroughly documented
Monitors all credit activity to ensure daily assignments have been completed
such as processing
rate changes, loan decision exceptions are properly noted, interest rate
and approved, and preparing correspondence notifications.
Provides support to Credit Union members and staff in explaining credit
policies and procedures and application decisions.
1. Accurately analyze and interpret credit bureau and financial data;
communicate underwriting decisions to involved parties. A response must be
communicated to the requesting staff member within 15 minutes of receipt.
Monitor all credit activity to ensure daily assignments have been completed and
loan exception are
and preparing correspondence notifications.
Ensure established Credit Union and government standards are met at all times
and strict compliance with
procedures, rules, and regulations are adhered to.
Communicate clearly and concisely all applicable credit union policies and
procedures to employees as required.
Provide informed, professional, accurate service and support to all members and
Develop and maintain knowledge and ability to understand and evaluate financial
and quantitative concepts and data; develop and maintain knowledge of all
lending products within Credit Union policies and procedures; work with senior
management to develop loan products and provide feedback for processing method
Knowledge and Skills:
Two years to five years of credit analyzing and loan underwriting experience is a must.
Education (1) A two year college degree or (2) Completion of a specialized course of study at a business or trade school or (3) Completion of a specialized and extensive in-house training or apprenticeship program.
A significant level of trust and diplomacy is required, in addition to normal courtesy and tact. Work involves extensive personal contact with others and/or is usually of a personal or sensitive nature. Work may involve motivating or influencing others. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary.
Knowledge and proficient use of Microsoft computer applications to include Word and
Excel as well as work on a proprietary database/tracking system.