Posted: Sunday, February 25, 2018 10:02 PM
Job Description Primary Position Objective: Perform assessment of commercial loan requests utilizing training and decision making in preparing write-ups for recommendation consideration for signature or to committee. Also, review existing loans for financial performance and compliance with covenants and assign risk rating. Essential Functions: Spread and analyze financial statements of prospective borrowers. Prepare and underwrite credit presentations for loan committee or signature authority process. Essential Duties and Responsibilities: 1. Receive direction from Credit Manager as to reviewing new loan deal packages. 2. Preparation of Loan Approval write-up. 3. Analyze and evaluate financial statements. 4. Spread financial statements and tax returns of the prospective borrowers and guarantors. 5. Understand financials, debt service, collateral and loan as a whole in order to prepare credit presentations for loan committee or signature authority. 6. Performs annual reviews of credits as assigned, looking at financial performance vs. risk rating and confirming compliance with the covenants. Essential Preparation and Training: Degree in accounting or finance or experience offsetting lack of degree. Company Description Commercial Alliance, LLC is a Credit Union Service Organization (CUSO) that provides turnkey commercial lending services to its member credit unions within the State of Michigan.
• Location: Detroit
• Post ID: 47269837 detroit