Note: The job is a remote job and is open to candidates in USA. Golden 1 Credit Union is seeking a Consumer Credit Analyst III to perform risk analysis for consumer loans. The role involves evaluating loan applications, mentoring junior analysts, and maintaining compliance with credit union guidelines while fostering relationships with members and business partners.
Responsibilities
- Review, analyze, and evaluate loan applications based on established credit union policies and apply knowledge of underwriting procedures and risk mitigation techniques to approve, counter, or deny consumer loan applications by:
- Review and 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 the credit reports to calculate key lending ratios to determine capacity, credit utilization, and Loan to Value
- Ensure application request are in line with credit union guidelines, identify mitigating factors and render judgmental decisions within their designated loan authority
- Maintain a thorough understanding of state and federal laws and regulations related to credit union compliance- including bank secrecy, anti-money laundering, Fair Lending and Truth in lending laws appropriate to the position
- Responsible for receiving and initiating escalated phone inquiries and must communicate and interact with originator and external business partners to provide information or reasoning regarding loan decision
- Effectively address and resolve all complaints or issues raised by members, internal staff and business partners
- Gather information, perform analysis, and prepare reports as directed by management
- Assist with training originators regarding lending policies, process or procedures, administering lending promotional campaigns
- Make recommendations and assist with updating product, policy and procedure materials pertaining to consumer lending
- Assist in the preparation of training and/or lending presentations
- Train personnel on lending policies and procedures
- Provide work direction, feedback and training to less experienced staff
- Mentor others in credit decision making and department procedures and policies
- Perform upgrade validations pertaining to lending systems
- Understand the use of the automated loan origination system and recommend efficiency improvements
- May act as a team lead and provide performance feedback to less senior consumer credit analysts
- May act as a backup in absence of Supervisor
- Perform other Lending duties as assigned
Skills
- Successful completion of High School curriculum is required
- Minimum 7 year in consumer lending, in a judgmental lending environment where LOS is used as a guide to make decisions
- 4 years of experience reviewing, analyzing, evaluating loan applications and rendering judgmental decisions
- Strong analytical, organizational skills and attention to detail
- Ability to calculate figures and amounts
- Ability to use logical reasoning when interpreting facts and make objective observations, examinations, evaluations and recommendations
- Remain knowledgeable on key trends in the financial services industry that impact loan quality and underwriting
- Solid interpersonal, oral and written communication skills to build and maintain professional relationships with originator and members
- Good leadership abilities
- Extensive knowledge of consumer loan underwriting, credit analysis and reporting
- Possess a high degree of integrity to use judgment to make appropriate and fair lending decisions on behalf of the credit union
- Comprehensive understanding of both branch and indirect credit union lending policies
- Ability to sell and promote product lines, and back up lending decisions in a way that enhance originator relationships
- Time and queue management skills to effectively prioritize multiple objectives
- Intricate understanding of regional lending market conditions and collateral values
- 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 and flexible production oriented department
- Analytical skills to include reviewing and understanding complex paystub and personal and corporate tax return documents
- Associates degree is preferred
Benefits
- A device to enhance hearing will be provided if needed.
Company Overview
Golden 1 Credit Union is a financial cooperative that offers checking, savings, home loan, investment, insurance and online services. It was founded in 1933, and is headquartered in Sacramento, California, USA, with a workforce of 1001-5000 employees. Its website is https://www.golden1.com/.