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Consumer Credit Analyst I

AnalystAnalystFull TimeRemoteMid LevelTeam 1,001-5,000

Location

United States

Posted

41 days ago

Salary

$25 - $31 / hour

Seniority

Mid Level

No structured requirement data.

Job Description

Consumer Credit Analyst I

Golden 1 Talent Acquisition Team

Role Description Consumer Credit Analyst I is responsible for performing risk analysis for secured and unsecured consumer loans. Consumer Credit Analyst reviews, analyzes and evaluates consumer loan applications and based on their judgment approve, modify or deny consistent with credit union policy and guidelines. Consumer Credit Analyst I must clearly document and communicate the reasoning for the decision. Maintain and strengthen relationships with members, and internal and external originators. Maintain a thorough understanding of the credit union’s underwriting standards, risk philosophy, and credit culture. - Review, analyze, and evaluate loan applications based on established credit union policies. - Apply knowledge of underwriting procedures and risk mitigation techniques to approve, counter, or deny consumer loan applications. - Ensure the transaction is accurate, complete, and compliant. - Analyze credit history to determine propensity for repayment. - Analyze income and financial statements to determine ability to repay. - Evaluate required documentation for accuracy and truthfulness. - Apply fraud detection and prevention techniques. - Utilize credit reports to calculate key lending ratios to determine capacity, credit utilization, and Loan to Value. - Ensure application requests are in line with credit union guidelines. - Identify mitigating factors and render judgmental decisions within designated loan authority. - Maintain a thorough understanding of state and federal laws and regulations related to credit union compliance. - Responsible for receiving and initiating phone inquiries. - Communicate and interact with originators and external business partners regarding loan decisions. - Address, resolve, or escalate minor complaints or issues raised by members, internal staff, and business partners. - Gather information to assist in preparing management reports. - Assist with training originators regarding lending policies, processes, or procedures. - Perform other lending duties as assigned. Qualifications - Successful completion of High School curriculum is required. - Associates degree is preferred. - Minimum 6 months in consumer lending, in a judgmental lending environment where LOS is used as a guide to make decisions. - Strong analytical, organizational skills, and attention to detail. - Ability to calculate figures and amounts. - Maintain knowledge of key trends in the financial services industry that impact loan quality and underwriting. - Ability to use logical reasoning when interpreting facts and make objective observations, examinations, evaluations, and recommendations. - Solid interpersonal, oral, and written communication skills. - Knowledge of credit analysis and reporting. - Good understanding of both branch and indirect credit union lending policies. - Ability to sell and promote product lines and lending decisions. - Understand the use of the automated loan origination system. - Operate on standard Microsoft programs and other computer operations. - Stay up to date on changes within the department, organization, industry, and current market conditions. - Must work well in a fast-paced production-oriented department. Requirements - Effective oral and written communication skills required to interact with staff and members. - Must possess sufficient manual dexterity to skillfully operate an on-line computer terminal and other standard office equipment. - Ability to work required hours which may include weekend shifts and work hours after 6:00 p.m. - Prolonged sitting throughout the workday with occasional mobility required. - Corrected vision within the normal range. - Hearing within normal range; a device to enhance hearing will be provided if needed. - Occasional movements throughout the department daily to interact with staff and accomplish tasks. - Must be flexible with scheduling, including evenings, weekends, and holidays. Company Description

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