Business Credit Officer

Financial Plus Credit Union (FPCU) – 'The Place where it’s Possible.' At FPCU, we believe in the power of collaboration, embrace inclusivity as a strength, and are driven by a shared commitment to success. Our community-centered approach goes beyond financial services; it’s about fostering connections and making a positive impact. Join us in an environment that prioritizes wellness, encourages continuous learning, and opens doors to personal and professional growth.

About the role

The Business Credit Officer analyzes member business loan requests, renewals, and modifications to determine repayment likelihood, ensure appropriate loan terms, structure, covenants, and conditions, arrive at final approve/decline decisions, and assign risk ratings. This role involves managing workflow independently, handling extensions and renewals, and making recommendations for deteriorating credits. The position requires expertise in commercial lending principles, adherence to the credit union’s MBL loan policy, and compliance with federal and state laws. The Business Credit Officer proactively partners with the Business Relationship Manager, Portfolio Manager, and Business Services team to identify potential loan issues within the portfolio.

This is a hybrid role with up to 2 days remote per week.

Responsibilities

• Analyze financial information for existing and potential members to assess borrower and guarantor financial condition and repayment ability.
• Investigate credit and financial information from reporting services and credit bureaus.
• Assess the market, industry, and collateral pledged as security for loans.
• Prepare and present financial information, industry data, and economic influences, analyzing trends, ratios, and cash flow.
• Prepare accurate and insightful loan approvals, identifying risks, analyzing repayment sources, citing policy exceptions, and evaluating collateral.
• Monitor an existing commercial loan portfolio (real estate and C&I) to ensure proper risk ratings and early identification of potential problems.
• Conduct daily reviews, approvals, and disposition of commercial overdrafts.
• Follow MBL procedures and policies to ensure loans are underwritten within proper guidelines.
• Understand different loan types and their requirements.
• Ensure compliance with federal and state laws, including the Bank Secrecy Act, Patriot Act, and Office of Foreign Asset Controls, and request legal interpretation as needed.
• Perform other duties as assigned.

Requirements

• Bachelor’s degree (BS or BA) or higher from a four-year accredited institution, preferably in finance, accounting, economics, or business.
• Minimum of five years of relevant experience in commercial credit analysis, commercial lending, loan structuring, underwriting, and portfolio management.
• Formal commercial credit training preferred.
• Advanced knowledge of business tax returns and financial statements.
• Advanced knowledge of financial analysis, including cash flow, profitability, liquidity, leverage, and solvency.
• Ability to apply sound judgment in analytical conclusions for credit approval, loan structure, and management recommendations.
• Ability to adhere to internal policies and external regulations set forth by the NCUA.
• Knowledge of commercial loan products and services, with the ability to cross-sell and build deeper member relationships.
• Proficiency in basic computer skills, including the M365 Suite.

Skills

• Familiarity with Abrigo/Sageworks loan origination system.
• Highly detail-oriented, accurate, and able to multitask.
• Ability to work independently and collaborate with Business Relationship Managers, Portfolio Managers, and the Business Services team.
• Strong interpersonal skills, including courtesy, tact, and diplomacy, for internal and external communication.
• Ability to apply logical thinking to define problems, collect data, establish facts, and draw conclusions.

Physical Demands & Work Environment

• Sedentary work; sitting most of the time.
• Professional work environment with moderate noise levels.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this job.