Commercial Credit Analyst

Summary

Join ConnectOS, the largest mortgage aggregator, and become a Commercial Credit Analyst! This role involves assessing the creditworthiness of commercial borrowers seeking mortgage loans. You will review financial statements, analyze risk, and collaborate with loan officers. The position requires a Bachelor's degree in a related field and at least 3 years of experience in credit analysis within the mortgage or finance industry. ConnectOS offers a hybrid work model (initially office-based training, transitioning to WFH), comprehensive benefits including medical, dental, and life insurance, paid time off, and a competitive salary. The company is a certified Great Place to Work and offers career growth opportunities.

Requirements

• Bachelor’s degree in finance, accounting, economics, business administration, or a related field
• Minimum of 3 years' experience in credit analysis or a similar role within the mortgage or finance industry
• Experience in using MyCRM, Infynity, Mercury Nexus, Flex, Salestrekker or other CRM Software in the mortgage broking industry

Responsibilities

• Review and analyze the creditworthiness of residential & commercial borrowers and the associated assets, such as commercial properties or business assets. This involves evaluating financial statements, cash flow projections, credit reports, and other relevant documents
• Assess the risk associated with the residential & commercial mortgage loan application. This includes analyzing the borrower's financial stability, repayment capacity, and the quality and value of the underlying collateral
• Conduct thorough assessments of the collateral (residential & commercial real estate, equipment, or other assets) to determine its value and marketability
• Analyze the financial statements of the borrower's business, including income statements, balance sheets, and cash flow statements. The analyst assesses the business's ability to generate sufficient cash flow to cover debt service
• Understand and evaluate the economic and industry-specific factors that may impact the borrower's ability to repay the loan. This includes assessing market trends and competitive dynamics
• Collaborate with loan officers and underwriters to structure loan terms and conditions that align with the borrower's needs while managing credit risk effectively
• Ensure that all lending decisions and documentation comply with federal, state, and local regulations governing residential & commercial real estate lending
• Communicate credit decisions, loan terms, and conditions to borrowers and other stakeholders. Analysts may also provide recommendations for improving creditworthiness when necessary
• Recommend risk mitigation strategies, such as requiring personal guarantees, adjusting interest rates, or modifying loan covenants, to offset credit risk
• Stay informed about commercial real estate market conditions, economic trends, and industry developments to inform credit decisions and risk assessments
• Keeping up-to-date with changes in residential & commercial lending regulations, credit analysis techniques, and best practices in the field

Benefits

• Hybrid (Initially Office Based Training and will transition to WFH)
• Medical, Dental Coverage and Life insurance from day 1 of employment
• Paid Vacation and Sick Leave (with Quarterly Sick Leave Conversion)
• Competitive salary package and annual appraisal
• Financial Assistance Program
• Mandatory Government Benefits and 13th Month Pay
• Complimentary Sleeping Quarters, Coffee at no cost
• Complimentary Office Fitness and Wellness Facilities at no cost
• Regular Company Events, Work Life Balance, and Career growth opportunities