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Summary

This Credit Union is hiring a full-time MBL Credit Analyst to work out of our Bremerton Harborside branch. The MBL Credit Analyst is responsible for the support of the Business Services and Credit Administration Departments by providing supporting analysis for credit decisions and servicing activities ensuring effective and efficient department operations. This includes new business loan requests, renewals, and annual reviews. The preparation of the appropriate credit analysis and risk rating package. Reviews collateral documents such as appraisals, title policies, environmental reports, surveys, leases, and construction contracts.

Quick Facts

Department: Credit Administration

Industry: Banking

Job Functions:  Administration, Business Services, Analysis

Typical Job Duties

• Prepare business loan reports for appropriate approval levels, which would include underwriting and analysis of the business and guarantors’ tax returns, financial statements and cash flow, and Identify strengths and weaknesses of the business borrower and guarantors. Perform collateral stress testing when applicable.
• Review financial ratios for use in evaluating member business performance against industry standards by comparing items such as assets, liabilities, net worth, liquidity, leverage, profitability, and cash flow, with standards for similar type business.
• Perform cash flow analysis using various techniques such as UCA, commercial investment property, residential real estate investment property, and traditional cash flow.
• May be asked to contact business clients, accountants, attorneys or other necessary professionals to clarify questions related to the preparation of the credit analysis package.
• Perform annual reviews and workouts of business loans by formatting and analyzing member financial data. Maintains annual review and risk rating reports.

This role may be right for you if you have a keen eye to both detail and compliance. You pride yourself on understanding and reviewing financial ratios for use in evaluating member business performance against industry standards. Your previous employers’ site your ability to accurately prepare analysis and reporting, and your previous coworkers talk about your attention to detail. Your friends seek you out when they are trying to make sense of their excel spreadsheet and you bring their vision of the data to life. Your family is proud of your ability to see trends and be able to think ahead of the curve. 

Basic Qualifications

• High School diploma required. Bachelors’ degree strongly desired.
• Minimum three years of experience in business lending or financial analysis required. Equivalent combination of education and experience will be considered.

Preferred Qualifications

• Proficient in reviewing and understanding commercial loan documents.
• Proficient in Microsoft Office applications; ability to learn new software systems quickly.
• Working knowledge of real estate terminology, concepts, practices and procedures.
• Knowledge of NCUA and State of Washington compliance and regulatory environment for Member Business Lending and real estate.

What We Offer

Not only are we one of the largest credit unions in Washington State, and growing, but we are also a company that cares about its employees. We back that up for our employees by offering competitive pay and a benefits package that helps support you and your family’s lifestyle. We value our employees, and we strive to keep our benefits comprehensive and affordable. Some of our benefits include:

• Free onsite parking
• Annual time off and sick time accrued
• 10 Paid holidays
• 2 Personal days
• Medical, Dental, Vision, Short- and Long-term Disability, Life and AD&D Insurance
• Employee Assistance Program
• Choose from a PPO medical plan or a High Deductible with a Health Savings Account
• 3% funded Safe Harbor Contribution to your 401K
• KCU will match up to 2% of your 401K contributions
• All 401K contributions are 100% vested
• Potential annual incentive in all roles within the Credit Union
• Tuition reimbursement
• 8 hours of paid volunteer time off
• Discounts on products and services
• Paid Care.com membership including back up childcare reimbursement
• Paid Rethink Care subscription, a personal wellness and professional resilience program

We believe in the power of belonging – it’s in our DNA as a not-for-profit, member-owned cooperative. Our un-bank-like structure ensures that we remain all about people: our members, our employees, and the people in the communities where we live and work. We work hard to provide a collaborative and inclusive environment where you can grow and excel in your career.

We are dedicated to serving our members by providing personalized experiences, convenient access, and highly competitive products and services. But it goes much deeper than that. For more than 86 years, we have been relentless about making a positive difference in our communities. We understand that when our members and communities succeed, we all succeed, and that success can’t happen without great employees. If this is the kind of organization, you’re looking for.