Credit Analyst

1 month ago


East Alton, United States 1ST MIDAMERICA CREDIT Full time
Job DescriptionJob Description

Role:

Analyzes daily loan applications for credit worthiness. Approving or declining applications per credit union policy and regulatory policy.

Essential Functions & Responsibilities:



Monitors loan origination system for consumer loan applications. Analyzes loan application for credit worthiness per policy and procedural guidelines. Verifies loan application information as necessary. Makes loan determination per policy.



Reviews approved loan documents to ensure completeness and adherence to underwriting policies. Documents loan decisions appropriately in file and loan origination system.



Assists Training Specialist in providing training for staff and offers continued assistance, guidance and counsel with credit decisions.


Provides and maintains reporting requirements on Credit Union members' credit obligations.


Assumes responsibilities and duties of Assistant Manager, Consumer Lending or Dealer Services Representative as business needs dictate.


Performs other duties as assigned.

Performance Measurements:

1.

To accurately process daily consumer loan applications in a timely fashion.

2.

To provide and maintain reporting requirements on Credit Union members' credit obligations.

3.

To explain clearly and concisely Credit Union policies and procedures to all employees as required.

4.

To ensure all documentation is completed accurately and compliantly per company policy and procedure.

5.

To maintain a professional, courteous, and friendly atmosphere for members and co-workers.

6.

To maintain a dependable record of attendance and timeliness.

Knowledge and Skills:

Experience

Three years to five years current and applicable experience approving credit.
Experience with reviewing less than prime loans, with proven ability to exercise appropriate independent judgement.
Minimum of one year experience in successfully supervising, training or coaching employees.
Knowledge of legislation, regulations, policies and procedures pertaining to lending practices.
Strong understanding of collection process
Basic understanding of indirect lending program.

Education

(1) A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program or previous employment experiences.

Interpersonal Skills

Work involves extensive personal contact with others and is of a personal or sensitive nature. Motivating, influencing, and/or training others is key at this level. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others.

Other Skills

Experience with loan processing software and financial processing systems.
Ability to appropriately maintain confidentiality of information.
Knowledge and proficient use of Microsoft computer applications to include Outlook, Word and Excel.
Effective verbal and written communication skills
Must be capable of operating all types of office equipment including computer, copy machine, fax, and telephone.



Disclaimer:

Must be able to work and travel to different credit union locations as determined by management.

This Job Description is not a complete statement of all duties and responsibilities comprising the position.



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