Credit Analyst

At IU Credit Union, we find meaning in our work as we witness the positive impact our efforts have on our members’ lives. Our caring culture transcends the organization and is an inherent aspect of how we operate. We have genuine concern for our members and for one another, fostering a sense of belonging and support. Through various community outreach programs, volunteering initiatives, and partnerships with local organizations, our Credit Union team participates in building a stronger community that extends our impact beyond financial transactions.

We are honored to be named one of the Best Places to Work in Indiana. We hire individuals with a broad range of backgrounds and experiences and invest in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. A career at IU Credit Union can provide many different paths for you to learn, grow, and make a difference.

Credit Analyst

The Credit Analyst underwrites commercial and commercial real estate loan requests by reviewing and analyzing financial data, borrower performance and management capabilities to assess credit worthiness, and estimate degree of risk involved in extending credit to commercial customers. This position is also responsible for preparing reports on commercial credit applicants detailing debt service coverage, collateral coverage, payment history, loan relationship, liquidity, leverage, and guarantor strength. The Credit Analyst must monitor and report on overall portfolio performance, with expectation on a high level of activity to maintain strong portfolio performance.

Responsibilities

• Identifying and communicating the financial, tax, and other documents required to complete accurate cash flow and financial credit analysis
• Interpreting financial data obtained from borrowers and guarantors
• Completing thorough and accurate Credit Approval Memos for submission to the appropriate Loan Committee members
• Completing thorough and accurate Officer Memos to file and other related documents as the need arises
• Making explicit recommendations to Business Lenders, Senior Credit Analyst and Loan Committee that result in strengthened credit relationships
• Maintaining independence and objectivity at all times when conducting analysis
• Assisting the department with document preparation, loan closings, and loan configuration
• Assisting the team in designing and building more efficient and higher quality operating processes
• Monitoring and reporting on portfolio performance
  
  

Qualifications

• Advanced Microsoft Office skills, particularly Excel
• Strong analytical, critical thinking, and deductive reasoning skills with high attention to detail and accuracy
• Excellent verbal, written, and interpersonal communication skills
• Ability to work and plan effectively both independently and in a team environment
• Knowledge and understanding of personal and business cash flow analysis
• Financial and tax statement knowledge
• Bachelor’s degree
• Three to five years related experience and/or training; or equivalent combination of education and experience
  
  

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