Commercial Credit Analyst Middletown, NY (http://maps.google.com/maps?q=25+Rykowski+Lane+Middletown+NY+USA+10941) Description COME GROW WITH US! We recently opened 2 new branches and are looking for talented and motivated individuals to join our team Heritage Financial Credit Union is a member-owned financial institution that is committed to helping our members achieve their financial goals and building a stronger community. We believe that everyone deserves access to affordable financial services, and we are dedicated to providing our members with the tools and resources they need to achieve their financial dreams. Our vision is to be the leading financial institution in the communities we serve, and we are committed to creating a culture of excellence where our employees can thrive. We believe in creating a workplace where everyone feels valued and respected, and where we can all work together to achieve our goals. We recognize that our employees are our most important asset, and we are committed to providing them with the training, development, and opportunities they need to succeed. Our values are at the heart of everything we do. We believe in: + Integrity:We are honest and trustworthy in all of our dealings with our members, employees, and the community. + Excellence:We strive to provide our members with the best possible service. + Teamwork:We believe that we can achieve more together than we can alone. + Respect:We treat each other with dignity and respect. + Community:We are committed to giving back to the communities we serve. If you are looking for a challenging and rewarding career in the financial services industry with a company that is committed to its mission, vision and values, we encourage you to apply for a position at Heritage Financial Credit Union. Here you will find a supportive and collaborative work environment where you can make a difference in the lives of our members and our community. We offer a competitive salary, comprehensive benefits package, including a very generous PTO policy. POSITION DESCRIPTION Position: Commercial Credit Analyst I Classification: Non-Exempt Department: Commercial Lending Approved By: SVP of Commercial Lending REPORTING RELATIONSHIPS Position Reports to:AVP of Commercial Lending Positions Supervised:None POSITION PURPOSE This position is responsible to perform detailed financial analysis for all lending opportunities, prepare credit memos and other requests for presentation to loan committee. Perform annual credit reviews, ensure compliance with Credit Union’s policies and procedures, ensures timely collection and spreading of financial statements along with updated insurance binders provided by Borrowers. SALARY:$63,000 - $79,000 Annually ESSENTIAL FUNCTIONS AND BASIC DUTIES + Review business loan applications and supporting financial statements to determine the borrowing capacity, capitalization and cash flow dynamics for the applicant. Use analytical software to evaluate loan requests; performing the initial analysis required to complete all data fields, interpreting the results, including any externally derived credit scores, and determining the need for further investigation or analysis. + Spread financial statements, calculating certain ratios, including measures of liquidity, leverage and cash flow, and submitting the request to the appropriate approval channel. Prepare the credit memorandum, as well as any other reports necessary, along with the appropriate recommendation for review by the appropriate loan committee. + Attend Credit Loan Committee meetings, presenting summary information and participating in discussions on other loans being considered. + Perform annual reviews on the commercial loan portfolio pursuant to the credit union guidelines. + Perform periodic reviews and/or renewals of commercial relationships and verify risk ratings. + Gather data to maintain various portfolio monitoring and control reports. + Provide assistance with maintenance of the loan origination system (LOS). Ability to manage detail-oriented projects or requests and proficiency with spreadsheets and other computer programs will be required. PERFORMANCE MEASUREMENTS Performance is measured against the competencies and goals as outlined in the Employee Performance Program, and established in partnership with the employee’s leadership. QUALIFICATIONS Education/Certification:4-year college degree preferred plus 1 - 3 years’ underwriting experience, preferably dealing with commercial/business loans. Customer experience required. Required knowledge: Basic accounting and/or business finance understanding and general economic conditions and competitor’s rates and terms etc. This position requires that the employee gain a working knowledge of Bank Secrecy Act (BSA) requirements and how they will affect their work. The employee will comply with all requirements of the BSA and cooperate with the designated BSA Officer in assuring compliance. Requirements Experience Required: Experience using P.C. based software including Microsoft Word and Excel. Skills/Abilities: Ability to project a professional appearance and positive attitude at all times. Excellent project management, communication and analytical skills. PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION Finger Dexterity: Using primarily just the fingers to make small movements such as typing, picking up small objects, or pinching fingers together. Talking: Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly. Average Hearing: Able to hear average or normal conversations and receive ordinary information. Repetitive Motions: Movements frequently and regularly required using the wrists, hands, and/or fingers. Average Visual Abilities: Average, ordinary, visual acuity necessary to prepare or inspect documents or operate machinery. Physical Strength: Sedentary work; sitting most of the time. Exerts up to 10 lbs. of force occasionally WORKING CONDITIONS None: No hazardous or significantly unpleasant conditions. MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION Reasoning Ability: Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions and deal with several abstract and concrete variables. Mathematics Ability: Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent and to draw and interpret bar graphs. Ability to work with mathematical concepts such as probability and statistical inference. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations. Language Ability: Ability to use passive vocabulary of 5,000-6,000 words; to read at a slow rate; define unfamiliar words in dictionaries for meaning, spelling, and pronunciation. Ability to write complex sentences, using proper punctuation, and use adjectives and adverbs. Ability to communicate in complex sentences; using normal word order with present and past tenses; using a good vocabulary. Ability to read, analyze and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public. INTENT AND FUNCTION OF JOB DESCRIPTIONS Job descriptions assist organizations in ensuring that the hiring process is fairly administered and that qualified employees are selected. They are also essential to an effective appraisal system and related promotion, transfer, layoff, and termination decisions. Well-constructed job descriptions are an integral part of any effective compensation system. All descriptions have been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. In no instance, however, should the duties, responsibilities, and requirements delineated be interpreted as all inclusive. Additional functions and requirements may be assigned by supervisors as deemed appropriate. In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization. Job descriptions are not intended as and do not create employment contracts. The organization maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law. Equal Opportunity Statement Employment at our Credit Union is based upon merit, ability, and qualifications. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected status. Salary Description $63,000 - $79,000 Annually