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Credit Analyst (Commercial Underwriter)

Company: Consumers Credit Union
Location: Gurnee
Posted on: June 9, 2021

Job Description:

We're Consumers Credit Union and our mission is to empower our members to live better lives.

We're a financial institution just like a bank, except not exactly. Banks have customers, but because we're a not-for-profit, member-owned credit union, we have members. And because we're not a bank, we don't drive up profits just because shareholders demand it. Instead, we focus on driving up member happiness through low loan rates, high deposit rates and low- or no-fee products and services. We focus on things like transparency, simplicity, helpfulness, integrity, positivity and inclusion - and we always put our members first.

In fact, we serve nearly 178,000 members and have over $2.6 billion in assets. We employ nearly 500 people in the Chicago area and have 18 branch locations in Illinois. We offer access to a national shared branching network, and more than 80,000 surcharge-free ATMs worldwide. And although we've been around for over 80 years, we're just getting started!

So what about you? Are you looking for a new opportunity where you can use your talents to make a positive difference in peoples' lives? A friendly place that values what you bring to the table? And you love a challenge as much as you love market competitive compensation and benefits for your hard work and dedication? If this sounds about right then check out the job details below!

Work remotely until our office reopens in Fall 2021.

We're looking for a Credit Analyst to join the Commercial Lending Team. Unlike other Credit Unions or smaller banks, CCU puts a focus on growing our membership and business in the Commercial Lending space. The team is awesome and it's a great opportunity for someone who wants to join a company that is "For People, Not Profit". If focusing on people over shareholder returns resonates with you, career development is a goal, and you've got a sharp mind that can really "crunch the numbers" for commercial loans then please keep reading!

What you'll do in this role:

As a Credit Analyst you will conduct a deep analysis of all financial statements received from the Commercial Loan Officer. This is a complex role with a lot of moving parts that will keep you engaged with new loans and with annual analysis of existing loans.

Your day-to-day will include:

  • Taking business and personal financial statements and spreading into financial statement management program.
  • Conducting detailed analysis of the financial data and writing a related narrative outlining key information like the purpose of the loan, payment sources, kind of property, risk rating, etc.
  • Using your time management, organization, and attention to detail skills to monitor commercial loan files, ensuring completion of annual reviews and financial reporting requirements are met.
  • Reviewing income approach in appraisals and reaching out to appraisers if there are questions.
  • Using Credit Quest loan origination system including Financial Analyzer and Credit Manager.
  • Working with third parties, such as accountants, to gain insights into financial practices and trends in a particular business.

What you'll need to join the team:

  • At least 2 years of experience as a Commercial Credit Analyst/Commercial Underwriting in a Credit Union or Bank
  • A relevant Bachelor's Degree (such as Accounting or Finance) is preferred but not required. We're putting more weight on formal Commercial Analyst/Underwriting experience in Real Estate specifically.
  • Top 5 skills:
  • Advanced proficiency with financial analysis tools. Experience with Finastra's Credit Quest or similar spreading software is preferred.
  • Highly analytical
  • Excellent communication skills
  • Time management
  • Detail oriented

We're the total package! With CCU you'll enjoy:

An awesome culture, excellent benefits, competitive pay, and a company that believes in developing our employees to their fullest potential.

CCU offers a comprehensive benefits package designed with you and your family in mind:

  • Multiple plan options for medical and dental, vision coverage, tax-advantaged spending accounts, life and disability plans (including FREE basic life, short term and long term disability), legal and identity theft insurance, employee assistance program, tuition assistance, FREE employee-only fitness center.
  • Time for rest, relaxation, volunteer activities and personal interests with 10 company paid holidays and generous paid time off (accrue up to 4 weeks of PTO during your first year!)
  • Retirement plans - We've got two of them that provide long term financial stability! A 401k with company matching and a pension plan that is fully funded by CCU.

Equal Opportunity Employer:

CCU complies with the requirements and spirit of the law in the implementation of all facets of equal opportunity in employment. There will be no discrimination on the basis of race, ancestry, color, religion, sex, sexual orientation, gender identity, marital status, pregnancy, age, national origin, citizenship, disability, genetic information, military status (including unfavorable discharge from the military), criminal or arrest history (unless job related), crime victim status, or any other protected characteristic in the recruitment, selection, training, utilization, promotion, termination, or any other employment actions or term and condition of employment. CCU complies with applicable state and local laws governing non-discrimination in employment in every location in which CCU has facilities.

We are committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. If reasonable accommodation is needed to participate in the job application or interview process please contact our Human Resources team at HR_Dept@myconsumers.org or 877-275-2228.

Keywords: Consumers Credit Union, Waukegan , Credit Analyst (Commercial Underwriter), Other , Gurnee, Illinois

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