Credit Union:

iQ Credit Union

Region:

Vancouver, WA

Closing:

3/7/2023

Job Description:

The Business Credit Analyst is responsible for the credit analysis function in the Business Services department. Works with loan officers in credit analysis, credit request preparation, loan packaging, and other related activities and duties in order to ensure timely, accurate presentations of member business loans, including but not limited to new loan requests and annual reviews of existing loans. Responsible for compilation, review, input and analysis of member financial data to assist in the credit decision and ensure that loans and terms remain within established parameters and established policies of the Credit Union.

Essential Duties:

  • Work as part of the Member Business Services team. Track the workflow of all documents and processes needed to complete complex credit analysis of new and existing business loans between loan officers and other staff members. Compile all current required financial documentation for new and existing loans, corresponding with borrowers to ensure proper documentation is provided, processing, input, and of financial documentation.
  • Perform analysis of complex financial statements, cash flows, and tax returns to evaluate the financial position of the borrower and/or guarantor(s) to support Member Business loans decisions.
  • Analyze and evaluate borrowers / guarantors ability to support repayment of proposed loans, while considering all sources of income and obligations of the borrower / guarantor.
  • Correspond with existing borrowers regarding annual reviews and maturities, interest rate changes, term changes, providing them with list of documentation needed. Follow up until information is received.
  • Track workflow completion.
  • Assist loan officers in gathering information by ordering credit reports through established channels.
  • Perform annual reviews for all assigned loans.
  • Ensure all NCUA, DFI, and Credit Union loan policies and procedures are followed at all times.
  • Perform various office-related duties such as answering telephones, responding to email requests, filing, printing and copying, preparing outgoing packages for shipping through established channels.
  • Maintain and update borrower files and other records.
  • Interact with branch staff on a regular basis, acting as a Business Services resource.
  • Reconcile and prepare monthly and quarterly departmental reports for Managers, as assigned.
  • Contribute to department by taking the initiative to assist co-workers. Actively participate in staff meetings.
  • Maintain strict confidentially regarding member information at all times.
  • Demonstrate strong regulatory knowledge applicable to this position and understand and comply with government regulations with particular emphasis on the Bank Secrecy Act (BSA), US Patriot Act and related regulations.
  • Actively participate and fulfill expectations in the Credit Union Email Security Awareness Program as outlined in the Information Security Program Acknowledgement document.

Requirements:

Experience: Three to five years of similar or related experience.

Education: Equivalent to a college degree (BS or BA in a relevant field).

 

*Hybrid/Remote option after 90-day trial service period. 

Remote Approved States Only:
Washington, Oregon, Arizona, Texas, Mississippi, Michigan.

 

iQ offers a total compensation package for our totally exceptional employees.

There’s a reason we’ve ranked as one of top workplaces in the Pacific Northwest for the past seven years. We listen to our employees and continue to provide benefits that make a difference.

Healthcare coverage 

•    iQ pays 100% monthly medical, dental and vision premium for you AND your dependent children.

Saving for retirement 

•    iQ matches up to 5.5% of your 401(k) retirement dollars.

Paid time off 

•    iQ offers 11 paid holidays plus vacation and sick time accruals.
•    iQ encourages community involvement through paid volunteer opportunities.
•    iQ uniquely offers a paid Cultural Enrichment Day to increase awareness of the diverse communities we serve.

Investing in you 

•    iQ offers a student loan repayment match up to $100 per month.
•    iQ supports you in advancing your education and knowledge through tuition reimbursement.
•    iQ offers an annual match to amplify your nonprofit giving.

iQ Credit Union is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, veteran status, or disability.