Commercial Credit Analyst (Remote)

Member Business Financial Services, L.L.P. (MBFS), is looking for a Commercial Credit Analyst (Full Time Remote). This position is responsible for providing detailed credit analysis and recommendations of creditworthiness of new and existing commercial loan borrowers. The candidate will ensure that proposed loans meet policy guidelines to maintain loan portfolio's requisite quality per the credit policy and procedure manuals of respective clients; to maintain records and files on all credit transactions, including correspondence and documentation.

Responsibilities Include:

  • Evaluate member business loan requests.
  • Assess a business' financial needs and recommend loan packages of financial products.
  • Analyze and interpret financial statements, tax returns, personal financial statement, statement spreads, and other financial information in order to determine the feasibility of prospective borrowers and provide recommendations for further consideration of request.
  • Prepare detailed analysis of personal and business assets for collateral valuation and determine total loan to value calculations within policy guidelines.
  • Identify strengths and weaknesses of underlying credit requests through balance sheet and income statement analysis, ratio analysis, and cash flow analysis.
  • Create credit memorandums and ensure detailed accuracy and maintain quality control and integrity of the data.
  • Assist our clients in establishing and negotiating the terms under which credit will be extended, including the costs, repayment method, and collateral requirements.

Requirements:

  • Bachelor's Degree in business, finance, or accounting preferred
  • Three years' experience in reading, analyzing, and interpreting simple and complex financial data and credit memorandum preparation required.
  • Requires proficiency in the use of credit spreading analysis software, Word, and Excel programs.
  • Knowledge of small business loan policy; federal banking regulations, credit granting criteria, interest rates and how they are computed, and required documentation for each type of loan.
  • Excellent written and oral communication skills are required. Excellent loan interviewing skills and techniques required.
  • Ability to work in a fast-paced environment and within established service standards.
  • Formal credit training is helpful but not required.

Our commitment to your success is enhanced by our competitive salary commensurate with experience and an extensive benefits package including paid time off, health benefits, 401(k) with a generous company match, and future growth opportunities within the company. We work to maintain the best possible professional and environmentally friendly atmosphere for our employees.

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Common Interview Questions And Answers

1. HOW DO YOU PLAN YOUR DAY?

This is what this question poses: When do you focus and start working seriously? What are the hours you work optimally? Are you a night owl? A morning bird? Remote teams can be made up of people working on different shifts and around the world, so you won't necessarily be stuck in the 9-5 schedule if it's not for you...

2. HOW DO YOU USE THE DIFFERENT COMMUNICATION TOOLS IN DIFFERENT SITUATIONS?

When you're working on a remote team, there's no way to chat in the hallway between meetings or catch up on the latest project during an office carpool. Therefore, virtual communication will be absolutely essential to get your work done...

3. WHAT IS "WORKING REMOTE" REALLY FOR YOU?

Many people want to work remotely because of the flexibility it allows. You can work anywhere and at any time of the day...

4. WHAT DO YOU NEED IN YOUR PHYSICAL WORKSPACE TO SUCCEED IN YOUR WORK?

With this question, companies are looking to see what equipment they may need to provide you with and to verify how aware you are of what remote working could mean for you physically and logistically...

5. HOW DO YOU PROCESS INFORMATION?

Several years ago, I was working in a team to plan a big event. My supervisor made us all work as a team before the big day. One of our activities has been to find out how each of us processes information...

6. HOW DO YOU MANAGE THE CALENDAR AND THE PROGRAM? WHICH APPLICATIONS / SYSTEM DO YOU USE?

Or you may receive even more specific questions, such as: What's on your calendar? Do you plan blocks of time to do certain types of work? Do you have an open calendar that everyone can see?...

7. HOW DO YOU ORGANIZE FILES, LINKS, AND TABS ON YOUR COMPUTER?

Just like your schedule, how you track files and other information is very important. After all, everything is digital!...

8. HOW TO PRIORITIZE WORK?

The day I watched Marie Forleo's film separating the important from the urgent, my life changed. Not all remote jobs start fast, but most of them are...

9. HOW DO YOU PREPARE FOR A MEETING AND PREPARE A MEETING? WHAT DO YOU SEE HAPPENING DURING THE MEETING?

Just as communication is essential when working remotely, so is organization. Because you won't have those opportunities in the elevator or a casual conversation in the lunchroom, you should take advantage of the little time you have in a video or phone conference...

10. HOW DO YOU USE TECHNOLOGY ON A DAILY BASIS, IN YOUR WORK AND FOR YOUR PLEASURE?

This is a great question because it shows your comfort level with technology, which is very important for a remote worker because you will be working with technology over time...

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