Commercial Credit Analyst Jobs in Joliet, IL at NuMark Credit Union
Title: Commercial Credit Analyst
Company: NuMark Credit Union
Location: Joliet, IL
What We Do….
NuMark’s mission is to enrich the financial lives of our members. Our growing Credit Union has over 140 employees, nine Chicagoland branches, and over 50,000 combined members. We offer a full menu of financial services from mortgage and auto loans to free checking accounts and business services. NuMark Credit Union is dedicated to putting our members first, treating them like family and helping them do more with their money. We help members get to their fantastic future faster.
What You’ll Love About Us….
At NuMark Credit Union, we recognize how vital our team is to the success of our organization. We believe that investing in the wellness and professional development of our people should be at the forefront of how we operate. Our focus is on making employees feel valued and supported because we know a strong team and positive culture is what gives us a competitive advantage in the markets that we serve.
NuMark Credit Union believes in social responsibility. You’ll have opportunities to strengthen the communities we serve through volunteer days and fundraising programs. We have partnered with non-profits like the Northern Illinois Food Bank, Toys for Tots, The Bridge Teen Center, Wreaths Across America and other community organizations that make our neighborhoods a better place.
We want to make sure you are taken care of, which is why we strive to offer competitive and cost-conscious benefits for you and your family. Full Time Employees can choose between several plans from Blue Cross Blue Shield (HMO or PPO), Dental, Vision, 3 weeks of Paid Time Off, Paid Holidays Off, Company Lunches and Parties, Birthday Holidays, Life Insurance (Company Paid), Short and Long Term Disability (Company Paid), 401(k) Savings Plan with Company Match, Flex Spending Account, AFLAC Portable Insurance Plans, Education Reimbursement for Bachelor or Master’s Degrees, Employee Assistance Program, Paid Community Volunteer Time and Career Advancement Opportunities.
About The Role….
Under the general supervision of the Senior Vice President of Commercial Lending the Commercial Credit Analyst reviews credit data to evaluate commercial loan requests. Analyzes sources of financial information to determine potential risk and profitability of a loan. The Commercial Credit Analyst collects and reviews interim financial reports of existing member relationships to evaluate compliance with loan documentation requirements and prepare periodic reports for review by management. Ensure compliance with regulatory requirements affecting the area of responsibility.
What You’ll Do….
Underwrite C & I and CRE credit requests for new and existing commercial client base to produce credit worthiness recommendations. This includes collecting information from various internal and external resources, recording into risk base model, analyzing, interpreting and reporting results and ensuring signature authority has been obtained.
Spread financial statements and conduct thorough analysis of applications for commercial credit requests and for internal loan review.
Calculate debt service coverage analyses and assessments of collateral.
Investigate credit records and related financial information.
Prepare loan presentations and make recommendations based on financial findings.
Demonstrate strong attention to details, follow up and problem-solving abilities.
Monitor and maintain certain collateral records and update borrowing base calculations.
Efficiently manage deadlines in high-pressure work environment with varying degrees of supervision.
Prepare annual reviews for existing members.
Maintain current knowledge and consistent compliance with Federal and State regulations, bank policies and internal banking policies and procedures related to the position.
Performs other duties as required.
The Knowledge, Skills and Abilities You’ll Need….
Bachelor’s degree in finance, Accounting, Economics or related field and/or equivalent training and experience
2 Years of Commercial Credit Experience is preferred.
Knowledge of financial statements and general accounting
Strong communication skills, both written and verbal.
Equal Opportunity Employer….
At NuMark Credit Union, we are proud to be an equal opportunity employer focused on the development of and inclusive workplace. We are committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles. As such, we consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status.