Credit Analyst II

WECU is seeking a Credit Analyst II to join our Business Banking team located in Bellingham. WA. This position supports Business Banking Loan Officers with the granting and maintaining of sound business loans. Position underwrites commercial real estate and commercial and industrial credits of varying size requiring moderate skill level, including those involving some specialized knowledge. The position also helps ensure compliance with all applicable policies, procedures, and regulations.

RESPONSIBILITIES:

• Utilize sound judgement and decision making to underwrite commercial real estate and commercial and industrial credits requiring moderate skill level:
  • Identify and analyze borrowing need
  • Identify and analyze sources of loan repayment
  • Identify and analyze risks to loan repayment
  • Identify and analyze loan repayment risk mitigants
  • Analyze and perform sensitivity analysis on borrower projections
  • Assess management strength and depth
  • Analyze industry and economic conditions; including borrower competitive position
• Prepare financial statements spreadsheets and perform historical trend and ratio analysis from output.
• Write credit memorandums for new loan opportunities and for review or renewal of existing loan relationships to document the credit request and risk assessment for approval through established loan authority levels.
• Interact with loan officers to gather information relative to a member being analyzed or to discuss issues with the credit.
• Attend joint calls with the loan officer and the member to gather information about the member or credit request.
• Monitor member compliance with financial reporting and loan covenant requirements.
• Monitor borrowing base formula structured loans and report non-compliance and/or adverse trends.
• Ensure that all credit and collateral files contain proper documentation including current financial statements, agency reports, etc.
• Respond to member inquiries about business loans.
• Ensure the confidentiality and security of all business loans.
• Remain current on changes within the legal, regulatory, economic, competitive and technology environment that may affect business/commercial lending functions.
• Keep informed about credit union history, philosophy, and changes to organizational policies and procedures by participating in staff and operational meetings.
• Follow policy and procedures related to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP) and Customer Due Diligence (CDD) daily to ensure compliance with current regulations.
• BSA Specific Requirements: Understand compliance and complete annual training related to the Business Services Credit Analyst position including, but not limited to, The Bank Secrecy Act and the Patriot Act. Understand Bank Secrecy Act forms and procedures for monitoring and reporting suspicious activity. Notify the Compliance Department of any suspicious activities.
• Perform specific and delegated duties as assigned by management.
• Follows WECU’s policies and all applicable laws and regulations.
• Performs other duties as assigned and may also assist others to complete tasks and work assignments.

QUALIFICATIONS:

• Four-year undergraduate degree with a field of study preference in Business Administration, Finance, Accounting or Economics.
• Minimum 3 years commercial credit analyst experience.
• Proven ability to interpret financial statements and tax returns and spread and analyze both.
• Demonstrated knowledge of commercial credit underwriting; including financial statement analysis, cash flow analysis, collateral evaluation and loan structuring.
• Excellent written and oral communication skill, as well as math skills.
• Sound knowledge of the Credit Union’s Business Loan Policies and Procedures and working knowledge of the credit union’s products and services.
• Proficiency in Microsoft Office applications, Financial Tools software, and experience working with credit union/bank core computer systems and loan processing systems.
• Working knowledge of state and federal lending regulations, as they pertain to business lending.
• Knowledge of the SBA 504 and 7(a) Loan Programs.
• Ability to organize and prioritize work and the ability to work with moderate supervision.
• Attention to detail and ability to manage multiple tasks concurrently.
• Ability to exercise judgment, initiative, and tact in dealing with members, management and staff.
• Ability to represent the credit union in a positive, professional manner in person, on the telephone, and in written correspondence.

NOTE: Job descriptions are not intended, and should not be construed, to be exhaustive lists of all responsibilities, skills, efforts, or working conditions associated with a job

COMPENSATION:

The salary range for this position is from $30.35 to $42.83 per hour.

WECU provides a comprehensive benefits package that includes medical, dental, and vision benefits with premiums for employee coverage paid in full, 401(k) retirement plan with an 8% annual contribution from WECU, bonus plan, two or more weeks of vacation, up to 11 paid holidays, paid life and disability insurance, annual wellness benefit, loan discounts, professional development, and much more.

ABOUT WECU:

WECU is a not-for-profit financial cooperative where members are encouraged to save and borrow responsibly at fair and competitive rates. Headquartered in Bellingham, WA, WECU has over 130,000 members and over $2.0 billion in assets.

It is WECU's mission to make a meaningful difference in the lives of our members. We strive to treat both members and staff with honesty and integrity and to be a socially responsible part of our community. WECU also endeavors to be an employer of choice.

WECU is an Equal Opportunity Employer that is committed to diversity and inclusion in the workplace. We make employment decisions based on merit and qualifications and seek to have the best qualified person in every job. WECU policy prohibits discrimination based on race, color, religion, creed, sex, gender, sexual orientation, gender identity, marital status, age, national origin, or ancestry, physical or mental disability, veteran status, genetic characteristics or information, or any other consideration made unlawful by federal, state, or local laws.