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MEDA’s mission is to “Help BIPOC Entrepreneurs Succeed.” We fulfill this mission by increasing access to business expertise, capital, and contracting markets.

To apply, please submit your application by clicking the APPLY NOW button or email us with your resume at EMPLOYMENT@MEDA.net.

Job Summary:

The Commercial Credit Analyst conducts a thorough analysis of financial statements and assessment of credit requests, including new requests, changed requests, refinancing, and annual due diligence. The incumbent will prepare loan write-ups for lenders and/or loan committee(s), while assisting to ensure that loan risk rating and credit quality standards are adhered to.

 This requires monitoring the portfolio, reports, service participation loans, and covenants while ensuring compliance with regulations, policies, and procedures. This position is also responsible for aiding with various commercial lending tasks as needed.

Primary Responsibilities

Loan Underwriting and Credit Analysis

• Monitors the health of the commercial loan portfolio (yearly financial ticklers, property insurance, property taxes, commercial concentration limits, credit migrations, and filings).

• Processes Annual Loan Reviews and Watch Loan Reviews.

• Supports commercial loan sales and participant onboarding.

·       Provides written financial statement analysis for credit presentations, file comments, and annual reviews.

·       Prepares modified credit presentations on new and renewing loans that require Loan Committee approval including exposure summary, financial and cash flow analysis, collateral analysis, covenant, and risk rating review.

• Analyze SBA 7a loans and SBA 504 loans.

• Spread and analyze complex business financial statements of existing and prospective clients to evaluate the risk associated in extending credit.

• Complete clear, detailed credit write-ups that summarize the borrower’s financial condition and evaluate repayment capacity and collateral coverage. Makes recommendations, tied to analysis, to loan officers and/or loan committee.

• Review business acquisition purchase agreements and determine cash flow and business value.

• Review commercial appraisals and inspections to analyze property value and compare with As-Is Value, after-construction value, and stabilized Value.

• Prepare credit presentations; providing analysis to detail trends in the financial performance of a borrower including cash flow analysis as well as identify applicable exceptions to Policy and provide mitigating factors.

·      Underwrites existing and prospective commercial client requests. Tasks consist of an analytical review of all financial statements, a comparison of the client’s historical financial performance with industry and competitor trends. Assesses collateral offered and its marketability to make certain the credit relationships meet internal policy guidelines and regulation standards.

• Financial spreading/cash flow table creation for prospective and existing customers

• Monitoring and verification of loan portfolio ticklers, including but not limited to borrowing base certificates, financial covenants, conditions of approval, and monitoring items.

·       Utilizes and maintains credit analysis software.

Perform Complete Credit Analysis for Routine and Complex Credit Requests

• Independently complete the underwriting function and the recommendation of the credit risk rating of existing and prospective clients with little or no oversight.

• Assists lenders in correcting technical exceptions listed by regulatory agencies or bank services to ensure compliance requirements are satisfied.

·       Assist the department in training and sharing knowledge with Commercial Credit Analyst team members.

·       Visits business and/or construction sites to verify loan utilization.

·       Provides documentation and responds to questions from internal and external auditors as well as examiners regarding work produced. 

QUALIFICATION STANDARDS

 ·      Bachelor’s degree in business or finance or equivalent work experience; business law and/or real estate law coursework is a plus.

• Knowledge of real-estate-backed loans (underwriting and documentation standards, valuation methodologies, loan servicing, and monitoring practices). Knowledge of business loans is a plus.

• 3-5 years in the mortgage/banking industry as an underwriter or loan originator. Experience with commercial real estate and business loans is a plus.

• Strong interpersonal and customer service skills with the ability to interact effectively with individuals at all levels within a financial institution.

·       Experience in all areas of collections from workouts to SBA default processes.

·       Understand full ten-tab SBA underwriting requirements, gather all required documents, and close out applications within target timeframes.

• Superior skill set in the use of the following software applications: Microsoft Teams, Excel, Word, PowerPoint, Access, and Outlook.

• Significant experience with Fiserv/ITI software preferred.

• Experience with Abrigo/Sageworks is a plus.

• Strong understanding of collateral and loan documentation and application of credit analysis techniques

• Superior understanding of collateral and loan documentation; application of credit analysis techniques; specialized knowledge of non-conventional financing products

·       Business development expertise is a plus.

 ·       Understanding of Participation agreements with other financial.

·       General understanding of secondary market guidelines.  

·       Understanding GAAP accounting rewards all business accounting functions relating to financial statements.

Travel may be required.

Physical Requirements:

 While performing the duties of this job, the employee is occasionally required to stand; walk; sit; and climb stairs.  Specific vision abilities required include the ability to read printed materials and computer monitors.  Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Salary Range $80,000-91,500 DOE

*MEDA is an equal opportunity employer. We embrace diversity and opportunity in a serious way. MEDA is committed to building a team that represents a variety of backgrounds, perspectives, and skills. The more inclusive we are, the better our work will be.

Applicants will not be discriminated against on the basis of race, color, religion, sex, pregnancy (including childbirth, lactation and related medical situations), national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, and any other characteristic protected by applicable local, state or federal laws.