Role details

Commercial Servicing Analyst

International   •   USD80,000 - USD100,000   •  Permanent

Bullet points

  • Manage assigned commercial lending portfolios with growing credit union.
  • Opportunity with expanding credit union

About Our Client

Growing credit union in Westchester County, NY.

Job Description

  1. Review all requests for new loans, extensions, modifications, and workout. This includes gathering and reviewing all documents, evaluating collateral, evaluating cash flow and ability to pay, recommending action to Management, coordinating with internal stakeholders and external partners, and formally documenting all requests.
    2. Monitor and complete all servicing functions for commercial loans serviced internally, including oversight of payments, statements, rate changes and periodic loan reviews.
    3. Closely monitor delinquency including obtaining frequent updates from partners, evaluating financial impact to the Credit Union, and providing weekly updates to Management.
    4. Accurately and timely completion of all analysis and reporting needs such as Call Reports, ALM Committee, Board Reports, reserve analysis and more for commercial and other assets.
    5. Stay current with industry, regulatory and legislative changes to fully assess the market environment and provide updates to Management.
    6. Continually track and analyze all market activity to assess collateral value and conduct alternate analysis/estimates as needed. This includes ongoing testing of the impact of current valuations to the existing portfolio.
    7. Interface with regulators and auditors to fulfill requests and maintain ongoing dialogue as applicable.
    8. Update and maintain all policies, procedures, and other documentation.
    9. Monitor financial impact and complete all necessary reporting including reserves, allowance, and TDR monitoring.
    10. Promotes and maintains a positive work atmosphere by communicating in a manner consistent with professional standards to work effectively with members, co-workers, management and vendors.
    11. Ensures adherence to company policies and procedures and Banking/Credit Union Regulations.
    12. Performs additional duties as required.

The Successful Applicant

Essential Skills, Knowledge and Requirements

1. Bachelor's degree in finance, business administration or other business related degree required.
2. Minimum of five years commercial loans servicing experience at a bank or other financial institution.
3. Excellent problem-solving, organizational, analytical, verbal and written communication skills.
4. Strong decision making and time management skills with the ability to manage multiple projects/duties.
5. Results driven, service oriented, self-motivated and able to work independently.
6. Trustworthy with the ability to maintain highest level of integrity and trust.
7. Proficiency in Microsoft Office, specifically Word, Excel and PowerPoint.

Environmental / Physical / Mental Requirements

The Commercial Servicing Analyst performs a major portion of his/her duties through verbal and written communications. It is critical that he / she possess the ability to communicate with clarity, while understanding and explaining complex situations to team members and outside contacts. Accuracy is essential and he / she must possess the ability to proof read documentation and correspondence to insure free of errors and fraud. The person will spend a good portion of the day seated at a workstation, but may also be mobile throughout the credit union for purposes of meetings, working with others, etc.

What's on Offer

Commercial Servicing Analyst position in lending department of growing credit union in Westchester County, NY.

Apply for this job

Click the Apply or LinkedIn button below or contact Joseph Gilchrist quoting job reference 1204476
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