Commercial Credit Analyst

Summary

Join ConnectOS, a top-rated Philippines employer, and work from home as a Credit Analyst. You will review and analyze the creditworthiness of residential and commercial borrowers, assessing risk and collaborating with loan officers and underwriters. This role 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 competitive salary, paid training, opportunities for professional development, and various benefits including HMO coverage, paid time off, and a referral bonus program. The company is committed to a work-life balance and provides a supportive work environment. Apply now and become part of a successful team!

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
• Proficient in using financial analysis tools
• Strong understanding of Commercial Loans
• Has a strong understanding of various income streams and is confident in income calculations. for PAYG, Self-employed and company and trust structures
• Knowledgeable in using lenders' servicing calculators to assess clients’ borrowing capacities and ensure loan submissions meet the required policies and compliance requirements
• Has excellent verbal & written communication to be able to convey credit analysis findings and recommendations to stakeholders

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
• Keep up-to-date with changes in residential & commercial lending regulations, credit analysis techniques, and best practices in the field
• Review and analyze the creditworthiness of residential borrowers
• Closely workshop with the Brokers to package the deal before the lender submissions, ensuring that every submission is structured optimally and aligns with the lender policies
• Provide expert guidance on lender policies to ensure compliance and optimal loan structuring
• Collaborate with brokers to analyse client financial in more depth, to prepare tailored loan recommendations
• Liaise with clients to gather necessary documentation and clarify financial details
• Prepare comprehensive credit submissions for a variety of lending scenarios including but not limited to refinances, purchases, multiple-securities, multiple applicants, SMSF and bridging finance
• Need to stay updated on Residential industry trends, lending products, and regulatory changes

Preferred Qualifications

Certificate IV Financing & Mortgage Brokering

Benefits

• Work from Home
• Competitive salary package and annual performance review
• Offering one-month paid training program to help you get up to speed and excel in your role
• Opportunity to attend events and travel to Australia
• Chance to earn your CERT IV in Mortgage Broking and Finance, which could be a great way to upskill and advance your career
• Bi-Annual Vacation Leave credit/allotment
• Convertible to cash of unused sick leave
• On-Top Leave Credits (Birthday, Emergency and Bereavement Leave)
• HMO Coverage (Medical, Dental and Group Life insurance)
• Mandatory Government Benefits and 13th Month Pay
• Financial Assistance program through one of the leading FinTech Company in Philippines
• We’ve just launched a new referral bonus program where you can earn PHP 21,000 for every successful referral you make. It's a great opportunity to help friends find awesome job opportunities while earning a nice bonus for yourself
• Regular Company Events, Work Life Balance