Consumer Credit Analyst I
Peoples Bank
part-time
Posted on:
Location Type: Office
Location: Marietta • Ohio • United States
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About the role
- The primary responsibility of this role is to underwrite consumer loan applications originating from both the branch and dealer networks.
- Will be expected to complete sound analysis of an applicant’s financial, credit, work and employment history to arrive at well-supported loan decisions that adhere to Bank and regulatory policies and guidelines.
- Will routinely interface with retail banking associates and dealer financing personnel to develop and discuss pending credit applications.
- Will assist in the on-going training of consumer loan principles to new personal bankers.
- Will collaborate with the Collection Department in the evaluation of loan workout and loan extension requests.
- Will be responsible for underwriting a high volume of consumer loan applications originating from both the branch and dealer networks assisted by an automated underwriting system.
- Will resolve any questions or gain clarification to render an accurate credit decision.
- Evaluate applicant characteristics including but not limited to financial condition, credit report, employment history, residence history and collateral in arriving at an objective and decisive credit decision.
- Will analyze consumer financial documents or tax returns as necessary to establish ability to repay.
- Will be responsible for approving loans within established authority and evaluate mitigating factors when recommending an approval on loans with policy exceptions.
- Maintain a complete knowledge of internal and external policies and regulations impacting the consumer lending business.
- Collaborate with the Collection Department in the evaluation and underwriting of loan modification and extension requests from existing consumer loan customers.
- Provide training as necessary to retail branch or dealer finance staff as necessary to improve comprehension of bank guidelines and lending process.
- Preparing or analyzing production reports as necessary.
- Perform industry or market research as needed to understand relative competitiveness of price, product and process.
- Complete letter of guarantee requests for totaled vehicles.
- Provide timely correspondence to insurance carriers to help process claims.
- Will provide follow up on title lien filings and Compliance and Patriot Act exceptions.
- Will provide excellent, accurate and professional service to internal and external customers.
- Help mentor & train new hires to department standards & procedures.
- Will perform special projects as assigned.
Requirements
- Associates degree or equivalent work experience required
- Bachelor’s degree in business or finance preferred
- Consumer or residential loan underwriting experience, familiarity with automated underwriting systems preferred
- Experience analyzing individual financial statements or tax returns
- Proven experience interfacing with internal or external clients
- Must be able to communicate loan requirements, position questions and listen effectively
- Ability to work in a fast-paced, team-oriented production environment
- Positive, customer-focused, outgoing, team-oriented individual with analytical skills
- Must have proven negotiation, problem resolution and conflict management skills
- Working knowledge of general software products such as Word and Excel
- Understanding or familiarity with key regulations governing the business including but not limited to Regulation B, Regulation Z, Fair Credit Reporting Act etc.
Benefits
- 401(k) retirement plan with an employer match
- employee stock purchase plan
- various education assistance programs such as student loan and tuition paydown/reimbursement
- paid vacation
- paid holidays