Credit Analyst

Company: New Hampshire Community Loan Fund

Location: Concord, NH

Job Function: Lending/Loan Operations


Background

The organization

The New Hampshire Community Loan Fund, a community development financial institution founded in 1983 and based in Concord, N.H., is nationally recognized as an innovator in the field of community development finance and has a rich history of providing access to capital to achieve home ownership, business growth, climate solutions, sustainable agriculture, child care, and cooperatives that secure and protect access to affordable housing.

Diversity, equity, and inclusion have always been integral to our success. We are an Equal Opportunity Employer, and our employees are people with different strengths, experiences, and backgrounds who share a passion for improving people’s lives.

We are growing our staff to meet the needs of the state’s people, businesses, and communities.

Summary

The position

The Credit Analyst reviews credit data to evaluate commercial loan requests and inform the loan application approval/denial process. This person will analyze financial information from various sources to determine the viability and risk associated with loan applications. The Credit Analyst will rely on a set of criteria and their own experience and judgment to accomplish the Community Loan Fund’s lending goals.

The Credit Analyst is part of the lending team and assists the Senior VP of Lending and  commercial lenders with team goals, budgeting, managing, and maintaining and developing systems as directed, including an electronic lending platform and policies/procedures.

Responsibilities

Major responsibilities/accountabilities:

  • Analyze credit data and financial statements and generate financial ratios to provide independent judgment and analysis of the loan applicant’s financial status and the degree of risk involved in extending credit or lending money.
  • Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations to determine risk levels and whether they conform to credit standards outlined in the Finance Policy.
  • Analyze financial data such as income growth and market share to determine the expected profitability of loans and forecast the future growth and the legitimacy of the business’s projections.
  • After collecting and assessing the financial information, identify the critical risk areas and do further sensitivity analysis to go deeper in those areas.
  • Prepare clear, concise, and accurate reports that illustrate the analysis and include the degree of financial risk involved in extending credit or lending money.
  • Participate on the business finance team to complete loan applications, including credit analyses and summaries of loan requests, and participate in the loan-approval process.
  • Prepare materials and documents for business loan origination, closing, and servicing.
  • Support lenders and investors in managing their portfolios by periodically spreading the financials and providing an analytical interpretation.
  • Periodically review the loan application process to improve its effectiveness and credit access for worthy borrowers.
  • Confer with credit association and other business representatives to exchange credit information.
  • Review financial activity and trends on borrowers annually, completing a review and documenting the review for the credit file.
  • Support lenders and investors in updating borrowers’ financial status and required credit reporting.
  • Adhere to policies, procedures, and regulatory guidelines, including fair lending and ethical behavior.
  • Attend various team meetings.

Requirements

Education and experience

  • Bachelor’s degree preferred.
  • Strong preference for candidates with at least two years of experience as a credit analyst or equivalent work experience.
  • Prefer candidates with broad experience in the lending field with two+ years in a lending institution.
  • Advanced knowledge in using Excel/Word.

Qualifications and characteristics

  • Commitment to the Community Loan Fund’s mission.
  • Strong organizational and analytical skills.
  • Demonstrated ability to work under pressure, multi-task efficiently, and keep a sense of humor.
  • Ability to work collaboratively in a team environment and independently to analyze and solve problems.
  • Absolute commitment to protecting confidentiality.
  • Ability to work remotely or in a hybrid remote work environment.
  • Self-motivated.
  • Organized and systematic.
  • Detail- and deadline-oriented.
  • Flexible in the face of changing priorities.
  • Excellent communication and collaboration skills.
  • Ability to create new systems and efficiencies.
  • Desire to grow, build skills, and incorporate coaching feedback.

Physical demands

The physical demands described herein are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

While performing the duties of this job, the employee is regularly required to sit, talk, and hear. The employee is regularly required to stand, walk, use hand to finger, handle, and reach with hands and arms above shoulder height, stoop, kneel, and crouch. Specific vision abilities required in this job include adjusting focus between near and far.

  • Ability to answer telephones and use standard office equipment (copier, fax, etc.).
  • Ability to read, write, and understand and speak English clearly.
  • Ability to use a computer for Community Loan Fund business.
  • Ability to drive for extended periods, day and night.
  • Ability to walk for extended periods on various terrains.
  • Ability to lift at least five pounds.

Work environment

The work environment characteristics described here are representative of those employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

While performing the duties of this job, the employee will be in an environment with a noise level that is usually moderate.

Compensation and Benefits

Salary range starting at $75,000

The New Hampshire Community Loan Fund benefit package which includes medical and dental coverage, group life and disability options, health and dependent care, Flexible Spending Accounts and our 401(k) Plan upon completion of each plan’s eligibility requirements.

In addition, we offer vacation time and sick time and floating holidays.

How to Apply

If this description is a good fit, we would love to hear from you! Please send a resume with cover letter to jobopening@communityloanfund.org.

No phone calls, please.

Equal Opportunity Employer

Visit us at www.communityloanfund.org