Commercial Lending Portfolio Specialist
Description:
***All applicants must live within the State of Michigan and be within a commutable distance of one of Ignite Credit Union's branches at the time of application.***
Are you ready to take the next step in your career with a company that values innovation, integrity, and community? At Ignite Credit Union, we're more than just a financial institution—we're a team dedicated to making a meaningful impact in the lives of our members and the communities we serve.We're looking for passionate, driven individuals who are excited to grow with us and help ignite financial success for all. If you're looking for a workplace that champions professional development, collaboration, and a people-first approach, we want to hear from you!
Benefits Offered:
- Bi-weekly 401(k) Match and Profit Sharing
- Education reimbursement
- Up to $600 in wellness reimbursement annually – fitness equipment, gym membership, massages, etc.
- Full Medical, Dental, Vision, and Prescription Insurance coverage
- Health Savings Account with bi-weekly Employer Contributions
- Employer Paid Life Insurance
- Employer Paid Short and Long Term Disability coverage
- Pet Insurance
- Health Advocacy Support
- Generous Paid Time Off
- 13 Paid Holidays
- Employee Assistance Programs
- Monthly commissions and incentives
- Employee Appreciation Events
- Community Volunteering Opportunities
- Performance and Discretionary Bonuses
- Employee Discount Program for travel, shopping, restaurants, etc.
… and more
Requirements:
The Commercial Portfolio Specialist will manage and support the credit union's commercial loan portfolio. This role ensures the ongoing performance and risk management of commercial accounts and provides analytical and administrative support to the commercial lending team.The ideal candidate will demonstrate strong financial analysis skills, attention to detail, and a commitment to delivering exceptional service to our business members.
Applicants must possess one to three years of commercial Credit Analysis or Commercial Underwriting experience. Understanding of financial analysis and determination of creditworthiness. The candidate should have a clear understanding of general accounting principles as well as general knowledge of business finance and economics.
- Monitor and manage the credit union's commercial loan portfolio to ensure compliance with internal policies and regulatory requirements. Conduct periodic reviews of commercial loan accounts to assess financial health and risk exposure.
- Assist in the preparation and analysis of financial statements, cash flow statements, and other relevant documents from business members. Identify and report potential risks or issues within the portfolio to the Commercial Lending Manager and VP of Lending
- Support the commercial lending team with loan documentation, renewals, modifications, and servicing activities. Maintain up-to-date records and documentation for all commercial loan accounts.
- Provide excellent customer service to business members, addressing inquiries and resolving issues promptly. Exercise independent judgment in assessing the creditworthiness of commercial loan applicants and making recommendations for loan approvals, renewals, and modifications.
- Develop and implement strategies to mitigate risk within the commercial loan portfolio. Provide guidance and mentorship to junior team members regarding best practices in portfolio management and risk assessment.
If you're looking for a role where you can thrive professionally while making a difference, Ignite your future with us today!
Ignite Credit Union provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, age, height, weight, disability, genetic information, marital status, amnesty, status as a covered veteran, or any other status or characteristic protected by applicable federal, state and local laws.
Compensation details: 55000-65000 Yearly Salary
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