Business/Commercial Credit Analyst

The Business Credit Analyst evaluates creditworthiness of commercial loan requests by analyzing financial statement, tax returns, and other related data. Findings are communicated through written credit narratives to support Loan Officers and Loan Committee in lending decisions.

In addition to initial credit analysis, the role includes conducting ongoing portfolio reviews to assess and monitor the level of risk within the existing loan portfolio. Strong analytical and critical thinking skills are essential, along with a foundational understanding of account and finance – or a willingness to learn.

Work Location: This position is able to work onsite, hybrid, or remote (must reside within the states of Michigan or Illinois).

To be considered for this role, candidate must currently reside, or have plans to reside upon hire, within the state of Michigan or state of Illinois as described above. Occasional travel on a quarterly basis to MSUFCU Headquarters (East Lansing, MI) may be needed.

Weekly Schedule: Monday - Friday 8:30am - 5:00pm ET

An offer of employment with MSU Federal Credit Union and affiliates is contingent upon the agreed work arrangement (onsite/hybrid/remote) and work location. MSU Federal Credit Union may or may not be able to accommodate temporary or permanent changes to work arrangements or allow employment outside the city and/or state of residency in which the new hire resides at the time of offered employment.
Compensation & Benefits:

- Salary Ranges:
- Level I - $27.00 - $33.00+ per hour, depending on experience

- Level II - $33.00 - $41.00+ per hour, depending on experience

- Senior Level -$41.00 - $51.00+ per hour, depending on experience

- 100% Company-Paid Health, Dental, Vision, Life, and Long-Term Disability Premiums

- Up to 26 days of PTO within your first year, as well as Volunteer Time Off & 11 Paid Holidays

- 401(k) with a company match

- Tuition Reimbursement

- Up to 12 Weeks of Paid Parental Leave

- Learn more about our benefitshere

Essential Duties and Responsibilities -
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Business Credit Analyst I:
- Analyze financial statements, tax returns, and other data to assess creditworthiness of commercial loan applicants and prepare written credit narratives summarizing financial analysis and risk assessment.

- Support Loan Officers in loan decision-making with timely and accurate credit evaluations.

- Conduct ongoing reviews of existing loans to monitor portfolio risk and identify potential issues.

- Assist in identifying trends in borrower performance and industry conditions.

- Maintain up-to-date and organized credit files in accordance with policy and regulatory requirements.

- Develop a foundational understanding of accounting, finance, and credit principles.

- Collaborate with internal teams to gather necessary financial and business information.

- Ensure Compliance with internal credit policies and external regulatory guidelines.

- Demonstrate initiative to learn and grow within the commercial lending and business services field.

- Understand the Credit Union's policies and procedures to ensure compliance and accountability for managing operational risks. Adhere to established internal controls and procedures to safeguard assets, prevent fraud, and maintain the integrity of credit union operations.

- Perform other duties as assigned.

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Business Credit Analyst II:
- Evaluate complex commercial loan requests through in-depth financial and credit analysis.

- Prepare comprehensive credit memorandums with well-supported risk assessments and recommendations.

- Conduct ongoing monitoring of loan portfolio performance, including periodic credit reviews and risk rating updates.

- Identify and analyze trends in borrower financials, industry conditions, and macroeconomic factors.

- Mentor or provide guidance to other analysts and loan officers on credit analysis techniques and best practices.

- Collaborate closely with Loan Officers to structure credit faci