Business Credit Analyst

Evaluates creditworthiness of commercial loan requests by analyzing financial statements, tax returns, and other related data. Findings are communicated through written credit narratives to support Loan Officers and Loan Committee in lending decisions. Conducts ongoing portfolio reviews to assess and monitor the level of risk within the existing loan portfolio.

This position is able to work onsite, hybrid, or remote (must reside within the states of Michigan or Illinois). To be considered, candidate must currently reside, or have plans to reside upon hire, within Michigan or Illinois. Occasional quarterly travel to MSUFCU Headquarters (East Lansing, MI) may be required.

Responsibilities

Business Credit Analyst I

• Analyze financial statements, tax returns, and other data to assess creditworthiness of commercial loan applicants and prepare written credit narratives summarizing financial analysis and risk assessment.
• Support Loan Officers in loan decision-making with timely and accurate credit evaluations.
• Conduct ongoing reviews of existing loans to monitor portfolio risk and identify potential issues.
• Assist in identifying trends in borrower performance and industry conditions.
• Maintain up-to-date and organized credit files in accordance with policy and regulatory requirements.
• Develop a foundational understanding of accounting, finance, and credit principles.
• Collaborate with internal teams to gather necessary financial and business information.
• Ensure compliance with internal credit policies and external regulatory guidelines.
• Demonstrate initiative to learn and grow within the commercial lending and business services field.
• Understand the Credit Union's policies and procedures to ensure compliance and accountability for managing operational risks.
• Adhere to established internal controls and procedures to safeguard assets, prevent fraud, and maintain the integrity of credit union operations.
• Perform other duties as assigned.

Business Credit Analyst II

• Evaluate complex commercial loan requests through in-depth financial and credit analysis.
• Prepare comprehensive credit memorandums with well-supported risk assessments and recommendations.
• Conduct ongoing monitoring of loan portfolio performance, including periodic credit reviews and risk rating updates.
• Identify and analyze trends in borrower financials, industry conditions, and macroeconomic factors.
• Mentor or provide guidance to other analysts and loan officers on credit analysis techniques and best practices.
• Collaborate closely with Loan Officers to structure credit facilities aligned with risk appetite and borrower needs.
• Ensure adherence to credit policy, regulatory requirements, and underwriting standards.
• Participate in loan committee discussions and respond to questions regarding credit analysis.
• Assist in identifying early warning signs of credit deterioration and recommend appropriate actions.
• Contribute to process improvements within the credit analysis function and support departmental goals.

Senior Business Credit Analyst

• Lead the evaluation of large and complex commercial credit requests with minimal oversight.
• Deliver high-quality, detailed credit memorandums with clear risk assessments and recommendations.
• Oversee portfolio management activities, including risk rating reviews, covenant monitoring, and annual credit reviews.
• Identify and assess emerging risks across industries, borrowers, and market trends.
• Provide strategic input to credit policy development and risk management initiatives.
• Serve as subject matter expert and resource for underwriting standards and credit structuring.
• Mentor and train Credit Analyst I and II, providing feedback and technical guidance.
• Collaborate with Loan Officers and leadership on deal structuring and risk mitigation strategies.
• Represent the credit team in credit committee meetings.
• Drive continuous improvement in credit analysis processes, tools, and reporting.

Requirements

Business Credit Analyst I

• High school diploma or equivalent.
• Minimum of a bachelor’s degree or equivalent experience in business, finance, sales, or related field, or equivalent combination of work experience and education.
• Experience working with Windows Microsoft 365 applications.
• Experience working in a financial institution, with a strong preference for dedicated work in underwriting or credit analysis.

Business Credit Analyst II and Senior Business Credit Analyst

• Experience working in a role dedicated to commercial credit and underwriting within a financial institution.

Skills

Core Competencies

• Communicate: Effectively interact with others to facilitate sharing of ideas and clearly articulate information through multiple avenues.
• Navigate Change & Evolve: Adapt to changing circumstances and continuously improve.
• Solve Problems & Make Decisions: Analyze situations and implement effective solutions.
• Plan, Prioritize, and Achieve: Organize tasks and resources to meet goals efficiently.
• Collaborate: Work well with internal and cross-functional teams to achieve shared objectives.

Functional Competencies

• Communication: Effectively interact to share ideas and articulate information.
• Data Analysis: Analyze and draw insights from relevant data; communicate actionable recommendations.
• Detail Orientation: Ensure information is complete and accurate; adhere to outlined processes.
• Initiative: Take proactive action to accomplish goals beyond requirements.
• Organization: Arrange work systematically on small or large scales.
• Process Improvement: Identify and implement process enhancements.
• Product Knowledge: Demonstrate knowledge of products, services, and relevant details.
• Superior Service: Prioritize and act on the needs of members and employees; establish rapport and provide guidance.
• Teamwork: Work collaboratively to achieve the best outcomes.
• Time Management: Manage time and resources efficiently to complete work.

Physical Demands and Work Environment

• May be required to remain in a stationary position for extended periods.
• Ability to operate standard office technology, equipment, and tools, including extensive computer and phone usage.
• Occasionally moves about inside an office area; frequently moves inside or outside of an office area.
• Exposure to potentially hazardous conditions (e.g., robbery); follows procedures to minimize risk.
• Frequently moves equipment or materials weighing up to 25 pounds.
• Requires onsite presence at the assigned location for all scheduled shifts; can work in remote arrangements.

Pay

Salary Ranges:

• Level I: $27.00 - $33.00+ per hour, depending on experience
• Level II: $33.00 - $41.00+ per hour, depending on experience
• Senior Level: $41.00 - $51.00+ per hour, depending on experience

Schedule

Monday - Friday, 8:30 AM - 5:00 PM ET

Benefits

• 100% Company-Paid Health, Dental, Vision, Life, and Long-Term Disability Premiums
• Up to 26 days of PTO within your first year, including Volunteer Time Off & 11 Paid Holidays
• 401(k) with a company match
• Tuition Reimbursement
• Up to 12 Weeks of Paid Parental Leave