Credit Analyst

Connexus Credit Union - Who We Are:

Serving members across all 50 states, Connexus Credit Union is a member-focused cooperative that is proud to return profits to member-owners through high yields for checking accounts and deposit products, as well as competitive rates on our loans. We are a remote first employer with the majority of our employees residing in the upper Midwest.

As an employer we foster collaboration and high performance to achieve excellence. We holistically care for and develop our employees to thrive personally and professionally. We are proud to share our success with our employees and those we serve.

Connexus offers an Amazing Benefits package:

• 25 days of paid time off and 8 paid holidays

• 16 hours of paid Volunteer Time Off

• 401K Retirement with up to 6% employer match

• Excellent Health, Dental, Vision insurance, including multiple plan options

• Health Savings Account with generous employer contributions

• Employer paid Life insurance, Short-Term and Long-Term Disability

• Tuition Reimbursement from $4,000 - $7,000 per calendar year

• Robust Learning and Development program that includes an annual professional development stipend

About the Role:

Reporting to the Credit Analyst Supervisor, the Credit Analyst is responsible for underwriting loans for Consumer, Home Equity & 1st Mortgage Lending. Credit Analyst role needs the ability to multi task across different platforms. This role also requires review of lending trends, quality of applications and the ability to provide coaching to lenders. Making decisions in a timely manner with the ability to critical think and lead lenders to quality decisions in order to help members achieve their financial goals.

Responsibilities:

• Responsible for managing the guidelines and resources associated with credit underwriting and loan decisions for the consumer and real estate lending teams.

• Collaborate with lending department managers to ensure that lending operations are in accordance with established policies, procedures, state and federal legal and regulatory requirements, and result in maximum volume, appropriate profit, and minimum delinquency ratios while meeting or exceeding strategic goals.

• Monitor and advise department lending managers on direct lending loan requests are reviewed, assessed for risk, appropriately structured, and receive a proper decision.

• Review consumer and real estate loan requests that exceed individual approval authority with the appropriate lending manager or VP of Lending, and present recommendation for approval or denial.

• Review Adverse Action results daily to ensure that all notices have the appropriate denial reasons based on the overall credit worthiness applicants, and ensure that all notices are generated for mailing in accordance to Regulation B.

• Review declined loans to ensure that the appropriate denial reasons are recorded and are aligned to the overall creditworthiness of applicants.

• Effectively prepare analysis reports, develop procedures, recommend and implement process improvements, increase operational efficiencies, manage auto decision tools and resources, monitor industry trends, and manage related vendor relationships.

• Collaborate with lending managers and teams to retrieve data, prepare reports, and perform analysis on ratios such as application volume, look to book, loan officer performance, loan metrics, auto decision metrics, and quality review.

• Support the efforts of the lending managers to train and cross train on analyzing loan applications and making sound decisions.

• Collaborate with real estate department leaders and lenders to ensure that all HMDA reportable loans are dispositioned correctly, per compliance guidelines within the loan origination system and reported to the CFPB.

• Demonstrate and coach effective loan structure and sales techniques with the consumer and real estate lending sales teams.

• Relay and collaborate with lending managers to track and measure department and individual results and provide information to ensure goals and targets are being achieved and properly recorded.

• Must adhere to all NCUA, and CFPB which includes but not limited to Regulation Z, Regulation B, TILA-RESPA, ECOA, Fair Lending, Fair Housing, Wisconsin Consumer Act, HOEPA and HPML standards.

• Comply with all Federal Regulations as they pertain to your job duties, including BSA.

Position Requirements:

• This position is Remote.

• Associates degree or commensurate experience is Required.

• 3+ years of credit analyst, underwriting experience within a financial institution is Required.

• Excellent risk analysis, systems, compliance, and credit underwriting skills is Required.

• Understanding of real estate compliance standards is Required.

• Requires proficient skills to use Microsoft Suite applications, including Excel and Word.

Connexus Credit Union's Employer Recognitions:

• 2024 Best in Class Employer, Gallagher

• 2025 Best Place to Work in IT, Computer World

Equal Opportunity Employer/Disabled/Veterans/41 CFR 60-1.4, 41 CFR 60-1.35