Business Credit Officer

About the role

At APGFCU, our values are at the heart of everything we do, empowering us as leaders in the credit union movement. We prioritize purpose and connection in how we serve our members, co-workers and communities - helping to navigate life's little and big moments. APGFCU – Your Community Credit Union!

Responsibilities

• Lead and develop a team of underwriters as the department grows and expands.
• Manage commercial loan files to ensure compliance with regulatory guidelines and credit union policies.
• Determine the credit risk profiles based on financial analysis and market conditions.
• Analyze financial spreads to identify potential risks associated with credit applications.
• Prepare comprehensive loan presentations, ensuring all deal aspects are accurately represented and ready for approval.
• Analyze financial statements and prepare models to assess various scenarios impacting proposed transactions.
• Ensure that financial covenants, reporting requirements, and loan documentation are adhered to throughout the loan process.
• Absess all relevant credit and financial information, including financial statements, tax returns, due diligence reports, credit reports, appraisals, and industry research.
• Work with the VP of Business Banking to manage deal flow and monitor the quality of the credit portfolio.
• Implement internal and external audit points, addressing any issues raised by regulators.
• Analyze financial statements and prepare models to assess various scenarios impacting proposed transactions.
• Complete thorough credit analyses for commercial transactions, including risk ratings and rationales, with a focus on identifying risks to the credit union.
• Participate in structuring loan requests, suggesting terms, conditions, controls, collateral, and guarantors as necessary.
• Stay updated on accounting standards and financial analysis best practices.
• Engage in departmental projects and complete related tasks as assigned.
• Serve as a point of contact for business members, addressing questions or concerns during credit evaluations.
• Compile and maintain economic data relevant to national, regional, and industry-specific trends.
• Assess property appraisals and related documentation.
• Manage commercial loan files to ensure compliance with regulatory guidelines and internal policies.
• Accompany loan officers on client calls to gather information for analyses.
• Conduct credit inquiries and update information regarding commercial borrowers.
• Maintain organized and accessible Business Lending Credit files.
• Provide support to loan officers and assist with member service needs as required.

Qualifications

• Education: A degree in finance, accounting, business administration, or a related field preferred; MBA or equivalent work experience preferred.
• Experience: Minimum of ten years of commercial lending experience as a financial analyst with commercial credit underwriting with in-depth knowledge of financial regulations pertaining to commercial credit transactions required. Experience analyzing financial statements and credit reports; proficient in preparing financial projections and conducting thorough risk assessments required. Minimum of 3 years of experience leading and developing a high-performing team.

Compensation

Offers are based on experience and education. $103,000 - $175,200 annually APGFCU provides comprehensive benefits such as medical and dental (shared expense), vision, 401(k), life and disability insurance, flexible spending account, employee assistance program, referral program, educational assistance, holidays, annual leave and sick leave.

Benefits

• Medical and dental (shared expense)
• Vision
• 401(k)
• Life and disability insurance
• Flexible spending account
• Employee assistance program
• Referral program
• Educational assistance
• Holidays
• Annual leave
• Sick leave