Business Loan Portfolio Analyst
Job Overview
PenFed is hiring a (Hybrid) Business Loan Portfolio Analyst at our Penn Station, New York service center. The primary purpose of this position is to provide analysis on the Business Loan Portfolio in accordance with Federal regulations and PenFed Board of Director Policies, procedures, and standards. The incumbent will be responsible for developing reporting, documentation, and written/verbal analysis with the intent of mitigating risk and maximizing value of the portfolio.
Responsibilities
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned.
- Complete a thorough analysis of Business Loan’s cash flows including historical and projections based on the financial information provided by the Borrower and third parties.
- Assist Portfolio Management and Underwriting team with data, financial modeling, and analysis to support workouts, modifications, and deal opportunities.
- Monitor assigned portfolio for compliance and early identification of risks.
- Prepare and present annual and quarterly asset reports for the assigned portfolio as required.
- Work with members, internal PenFed staff, and external partners to provide rationale and explanations for business lending decisions and ongoing issues related to servicing and accounting.
- Provide early due diligence feedback to management on loan opportunities- including credit reports, data tree, UCC filing, ERIS and Lexus Nexus reporting.
- Analyze and review documentation related to Business loans including loan documents, inter-creditor agreements, leases, etc. with an emphasis on accuracy, legitimacy, and completeness of required documentation.
- Collaborate with other departments and/or institutions to corroborate or collect information related to business lending decisions.
- Maintain a thorough understanding of regulatory direction related to credit union compliance for lending in the business loan space.
- Review policies, procedures, and guidelines and makes recommendations for improvement.
Qualifications
Equivalent combination of education and experience is considered.
- Bachelor’s Degree in a related field.
- Minimum of two (2) years of experience, preferred experience three (3) to five (5) years of experience, at a banking or financial services institution focused on business lending or investments.
- Specific Experience with Analysis for business loans, including direct and syndicated transactions preferred.
- Strong analytical skills and ability to interpret financial statements, operating statements, rent rolls, and other reports.
- Strong financial modeling and Excel skills.
- Argus experience preferred.
- Proficiency with Microsoft Applications (Word, Excel, PowerPoint, Access, Outlook) at a level that allows independent work.
- Strong written and verbal communication skills.
Supervisory Responsibility
This position will not supervise employees.
Licenses and Certifications
There are no additional certifications required.
Work Environment
While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise. The employee may also be required to travel for market tours and site inspections as needed across the United States.
*Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*
Travel
Ability to travel to various worksites and be on-call may be required including market tours and property inspections.
Salary Range
$80,400 - $90,000
#LI-Hybrid
Benefits
At PenFed, we offer a robust benefits package designed to support you both personally and professionally. You’ll have access to comprehensive health, dental, and vision plans; paid time off; and family-friendly benefits like paid parental leave, care support, and fitness center access. Financial wellness is encouraged through features like a 401(k) match, employee loan discounts, and fully paid life and disability coverage. We also support growth via education assistance, community involvement, and volunteer opportunities.
Our Purpose
Helping members achieve their dreams since 1935.
Pentagon Federal Credit Union (PenFed) is one of America's largest federal credit unions, serving 2.8 million members worldwide with $29 billion in assets. PenFed offers market-leading certificates, checking and savings, credit cards, personal loans, mortgages, auto loans, and a wide range of other financial services, always with members' interests in mind. PenFed is federally insured by the NCUA and is an Equal Housing Lender.
Berkshire Hathaway HomeServices PenFed Realty, LLC is a full-service real estate company ready to assist our clients with buying, selling and renting a home. The company is a wholly owned subsidiary of PenFed Credit Union and is the largest independently-owned brokerage in the Berkshire Hathaway HomeServices network, placing us in the top 1% of all real estate brokerages in the country.
With almost 60 offices and nearly 2,000 world-class sales professionals, we offer complete service coverage in Virginia, Maryland, the District of Columbia, Delaware, Pennsylvania, West Virginia, Florida, Tennessee, Kansas and Texas. In addition, we also offer specialized client services which include management of vacation properties and long-term rentals, corporate relocation services and national referral network.
Equal Employment Opportunity
PenFed management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.
PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at 402-639-8568.
