Commercial Real Estate Credit Analyst

NOTICE: JOB APPLICANTS LIMITED TO DC, MD, OR VA RESIDENTS.  POSITION IS HYBRID.  Please note that we are exclusively considering applicants residing in the District of Columbia, Maryland, or Virginia for all open positions.

**This position is for Potomac Business Services (PBS) a Credit Union Service Organization (CUSO) of Lafayette Federal Credit Union and not Lafayette Federal directly**
We are seeking a COMMERCIAL REAL ESTATE CREDIT ANALYST looking for a great opportunity in a growing team atmosphere and are committed to delivering an unmatched level of customer satisfaction, we may have the opportunity for you

Summarily, the Commercial Real Estate Credit Analyst (CRCA) will analyze a loan applicant’s credit history and approve or deny loan applications based on the analysis. The CRCA is also primarily responsible for servicing and tracking each assigned loan to monitor for risk trends, payment status, documentation, insurance, and credit exceptions as well as ensuring accurate and timely reporting of loan status to senior management on a semi-monthly basis.

More specifically, the CRECA:

• Monitors the queue for commercial loan applications and follows up with applicants for the purpose of receiving required application materials. Analyzes a loan applicant’s credit worthiness including an applicant’s character, capacity, collateral, capital and economic conditions; Reviews credit bureau reports and credit score; Verifies information included on loan application as necessary and makes a recommendation to the account officer or loan committee to approve or deny a loan. Documents reason for a denied loan and issues written adverse action letters to applicants within 30 days of application receipt.
• 100% accurate application of the loan policy with no exceptions. Fully conversant in all aspects of the commercial loan policy and lending processes. Consistently applies standard underwriting practices to all credits and yields clear, concise risk measures for consideration by senior management.
• Prepares loan presentation sheets, credit memos (both for initial credit evaluation and periodic credit review) and draft term sheets and commitment letters for account officer signature. Reviews legal documents for adherence to approved loan terms and tracks all post-account exceptions to assure timely receipt and execution of all documents, policies, agreements, escrows or other items required per the loan approval and policy.
• Assigns and recommends risk ratings to each credit at completion of underwriting, during annual credit reviews, and upon identification of material adverse credit condition that impair or threaten to impair repayment capacity. Risk rating accuracy should be maintained at 95% or better as measured by NCUA, external and internal examination results.
• Prepares and issues third party engagements for appraisal, Phase I and PCA reports and performs report reviews as appropriate.
• Performs loan assistant duties to include, but not limited to, term sheet and commitment letter drafting, clearing pre-account exceptions, checklist exceptions, coordinating all pre-settlement functions with lender’s counsel, account and funding administration.
• Assists the servicing department in obtaining timely and accurate submission of updated borrower financial information and reports loan exception status to senior management on a semi-monthly basis. Promptly notifies the account officers of any credit risk down grades and accurately reassesses and reassigns risk ratings to all assigned credits and reports results to management. Reassessments are prepared once every 12 months and include documented inspection of each property and credit risk reassessment of updated credit information in the form of a credit memorandum to the file.
• Prepares assigned tracking, exception, pipeline, risk and status reports at least once monthly, or as assigned by the account officers.
• Notifies account officers of any loan that past due loans exceeding its contracted grace period and promptly contacts borrower to begin collection efforts. Updates the account officers periodically to assess progress of collection efforts and recommends supplementary collection actions.
• Maintains a loan application register and processes all loan applications within 30 days of receipt. All loan decisions are documented, and borrowers shall be promptly informed of all credit and pricing decisions.
• Effectively applies Reg. B, HMDA, BSA, Patriot Act and related regulations to all loans and account relationships.
• Handles members with the highest standards of professionalism and service with particular focus on providing members with prompt and courteous responses to all

Education & Experience:

• Associates degree in business or related field of study; three years of experience in approving credit or an equivalent combination of experience and education.
• Experience with analyzing commercial real estate mortgage loans and construction and rehab lines of credit up to $15,000,000.
• Understanding and training in formal appraisal and ESA report evaluation and analysis.
• Knowledge of construction draw administration and evaluation.
• Knowledge of legislation, regulations, policies and procedures pertaining to lending practices.
• Basic understanding of the collection process.
• Complete knowledge of spreadsheet preparation, narrative underwriting and credit memo preparation and formatting.

Skills:

• Experience with loan processing software and data processing systems.
• Proficient with Excel, Outlook, Word and spreadsheet systems such as FAMAS, OnePoint or similar programs.
• Intermediate math skills (capable of calculations involving decimals, percentages & factions).
• Standard PC skills.

Internal Contacts:

• Daily interaction with co-workers to advise, guide and counsel them on lending policies and decisions. Must be able to use persuasion to convince them to adhere to the strict guidelines of our procedures.

External Contacts:

• Daily interaction with borrowers, prospects, brokers and related agents.

Authority:

• This position operates under direct supervision from the credit officer. Although work is done in accordance with general policies and objectives, considerable latitude is given to exercise independent judgment. Decisions and actions are subject to review only in highly complex or unusual cases.
• No lending authority.

Skills for Success:

• Business Ethics - Demonstrates integrity in all business dealings and with all members so that the company name remains trustworthy. Does what is morally and ethically right. Follows through on commitments, admits mistakes, and builds trust. Keeps sensitive information strictly confidential. Maintains and sustains a positive first impression.
• Decision Making - Analyzes data, identifies issues and offers alternatives. Makes timely decisions with limited information. Understands business issues and makes judgments that are consistent with business goals.
• Communication Skills - Listens and comprehends messages and information delivered by others. Accepts input from others. Understands and appreciates different and opposing perspectives. Effectively expresses oneself in individual or group situations. Shares information with people at all levels and in other departments or functional areas. Ensures understanding by breaking through barriers of interpretation. Practices and promotes free and constructive exchange of information and expertise. Gives oral presentations that are appropriate to the audience and achieves desired results.
• Coaching & Development - Develops skills and competence in self and others through identifying needs, initiating appropriate developmental situations and coaching or mentoring others to enable them to take on broader responsibilities. Provides ongoing guidance and feedback to improve employee performance, skill and ability.
• Member Focused - Recognizes the importance of our members. Responsive and attentive, striving to identify and consistently meet their needs and anticipate and resolve any problems. Takes personal responsibility for member satisfaction by performing work that is not part of the job description and looking for ways to improve their satisfaction.

The job posting highlights the most critical responsibilities and requirements of the job. It’s not all-inclusive. There may be additional duties, responsibilities, and qualifications for this job.
*Equal Opportunity and E-Verify Employer*EOE/AA/DISABILITY/VETERAN

About Lafayette Federal Credit Union:

When you choose a Lafayette Federal career, you choose to work in an environment where member focus is our bread-and-butter. We have a stable presence in the Washington Metropolitan area, a tenacious spirit and a genuine love for what we do — serving our members. If you seek a career in banking, our job openings offer you an excellent chance to learn and advance. We are a strong organization, poised for growth, and we are constantly broadening our reach. We believe an inclusive equal opportunity workplace reflects the communities we serve and leads to fresh ideas. Valuing diversity extends to the recruitment and ongoing engagement of employees to member cultivation. It’s part of who we are. Consider a Lafayette Federal career if you want: An opportunity to make an impact in the lives of our membersA chance to work with some of the best minds in banking todayA forward-thinking benefits plan and competitive payAn environment that values differences in people Employee Benefits: We are committed to maintaining an attractive benefits package that gives those with Lafayette Federal careers the resources they need to effectively manage their health, promote their well-being and help plan an exciting future. We offer an outstanding benefits package that includes: • 401(k) with Employer Match and Profit-sharing • Generous Paid Time Off Package • Group Health Insurance for Single and Family Coverage • Flexible Spending Account • Health Savings Account with Employer Funding • Life and Accidental Death and Dismemberment Insurance • Short and Long-Term Disability Insurance • Dental Reimbursement • Commuter Benefits • Educational Assistance In addition to the benefits listed above‚ LFCU fosters a great work environment. Just ask our employees *Lafayette Federal Credit Union is an equal opportunity and e-verify employer.* EOE/AA/VETERAN/DISABLED

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