Senior Commercial Credit Analyst
Primary Location: Grand Rapids, MI
Employee Status: Full-time salary
Estimated Hours/Week: 38
What You’ll Get: (note varied offerings based on role and hours)
- Weekly Pay
- Comprehensive Health & Wellness package including Medical (with prescription coverage), Dental, and Vision
- Matching Health Savings Account Contributions, Dependent Care flexible spending account (FSA)
- Retirement options like 401(k) with company match and pension
- Paid time off: Vacation, Personal days, paid holidays, paid volunteer time, sick days, & flex time
- Tuition reimbursement
- To see a full list of our benefit offerings – check out this helpful guide!
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, training and mentoring 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 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:
- Five to eight years of similar or related experience.
- Expert working knowledge of Microsoft Word and Excel is required. Must possess the ability to prepare written reports and present formal presentations. Database experience preferred.
Who We Are:
We’re proud of our past, thrilled with our present, and couldn’t be more excited about our future! Lake Michigan Credit Union has grown to become one of the largest credit unions in the nation with our headquarters in West Michigan.
As a credit union, LMCU is a not-for-profit institution, owned by its members, instead of corporate stockholders. We are accountable directly to our members, and they directly share in our success – benefitting by lower and fewer fees, better savings and checking interest rates, lower cost mortgages, and a host of other advantages that simply don’t exist at traditional banks.
It’s about always doing what’s best and right for our members - it guides everything we do.
Working with LMCU you can grow and advance in your career and work with talented teams that help you become better each and every day. As an employee, you can have confidence in knowing your work is having an impact by supporting our mission of serving our members’ lifetime financial needs.
You’ll be encouraged to innovate and excel and we're committed to your empowerment as an employee, providing ongoing training, development, support, and opportunities for you to achieve your career goals.
Have additional questions about the role?
You may email us at: Careers@lmcu.org
Please Note: These options are reserved for use by individuals requesting an accommodation as a candidate. Information received via these options will be routed to our HR team, who will provide appropriate assistance to facilitate the completion of LMCU’s online application.
LMCU is an Equal Opportunity Employer.
If you are interested in applying for this opportunity, please go to our Internal Career Site located on the Career App on your Workday home page. If you have any questions regarding the opportunity, please feel free to reach out to HRGeneralists@lmcu.org.
LMCU is an Equal Opportunity Employer.
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