Credit Union:

TAPCO Credit Union

Region:

Tacoma, WA

Type:

Staff

Closing:

10/5/2021

Apply

Contact: Alyssa Dunivan
Email: TAPCO_Careers@tapcocu.org
Phone: (253) 620-3221

Job Description:

This position provides assistance and support to commercial lending officers by analyzing financial soundness and debt repayment capacity of prospective borrowers and completing credit approval memorandums for new and existing credit union relationships. The incumbent will assist lenders with determination of the optimum loan structure for TAPCO and the member.  This position monitors the ongoing financial condition of existing borrowers and collateral sufficiency and prepares annual reviews and other periodic loan performance reports in a timely and accurate manner as required by policy and established practices, and accurately prepares supporting spreadsheets, provides written analyses, answers questions, identifies issues, and must understand policies related to each loan. The Credit Analyst will build strong internal and external partnerships, working closely with business partners in the credit union, existing and prospective members and their agents.

TAPCO offers a comprehensive benefit package including medical, dental, vision, life insurance, EAP, 401K with generous match, paid vacation, sick, and holidays.

What you’ll do:

  • Provide loan officers with timely, accurate, analysis of prospective borrowers’ financial condition, debt repayment ability, financial trends, and proposed collateral.
  • Have a thorough understanding of global cash flow, underwriting criteria and loan documentation.
  • Work with the loan officers to obtain the necessary data from the borrower to conduct the analysis, and will prepare the required credit presentations.
  • Provide timely, accurate annual reviews and quality grade change recommendations on required credits as directed by Credit Policy.
  • Compare financial data and trends of borrowers to industry norms and note variances in credit presentations and annual reviews.
  • Support Loan Officers in maintaining complete credit files on all loans and reviews files to determine that loans have been properly documented with respect to collateral, guarantor, insurance coverage, regulatory requirements and the terms and conditions of approvals to ensure compliance responsibilities are met.
  • May order appraisals and appraisal reviews for the credit union for commercial real estate loans.
  • Review certain problem credits and prepare required periodic reports on the findings of the analysis.
  • May be required to perform certain follow-up duties requiring visits or phone calls to customer’s place of business.
  • Clear technical exceptions in credit files in a timely manner.
  • Ensure the confidentiality, security, and safekeeping of all accounts, records, and customer information to ensure quality customer service.

Let’s talk if you:

  • Have a Bachelor’s degree in the areas of finance or accounting and three years related experience and/or training in a lending, credit analyst, or regulatory role; or equivalent combination of education and experience.
  • Have excellent communication skills required; ability to work in a team environment, learn quickly, and apply knowledge as needed.
  • Have advanced knowledge of various commercial borrowing entity structures to obtain correct and accurate loan structures to fully protect TAPCO’s interests in credit relationships.
  • Have experience with credit risk analysis, underwriting, cash flow analysis and income capitalization skills.
  • Have experience processing commercial real estate (CRE) loans is required.
  • Are able to understand and coordinate non-recourse loan participation purchases and sales and manage the accounting, servicing and reporting processes.
  • Have intermediate to advanced level knowledge of MS Excel, MS Word, Bukers Taxanalysis and BTA Pro.
  • Can accurately balance a large variety of accounts. Mathematical skills are used in conjunction with accounting and bookkeeping related disciplines. Must possess a strong ability to investigate differences and inaccuracies.
  • Can analyze and interpret a wide variety of written, oral, and visual information from a variety of sources, including financial institutions, vendors, and bank regulators.
  • Are able to uphold confidentiality and customer privacy in all situations.
  • Have knowledge of state/federal business lending rules and regulations governing commercial real estate loans and lines of credit.
  • Are able to prioritize work, follow directions, meet critical deadlines, produce accurate work and work independently. May include some remote work flexibility, as authorized by management.
  • Have excellent verbal and written communication skills.