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in Cincinnati, OH

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Hours Full-time, Part-time
Location Cincinnati, OH
Cincinnati, Ohio

About this job

Job Description

Requirements: Bachelor’s Degree in Business, Accounting or Finance, and/or five years banking or finance

experience; knowledge of financial analysis, key ratios, and strong mathematical background

preferred

Full-Time position: 40 hours per week, hourly position

Salary: Commensurate with experience

Paid time off: Up to 15 days per the calendar year

The following is a detailed listing of the performance objectives, measurements, and responsibilities as Loss Mitigation Financial

Analyst (“FA”) for Cooperative Business Services LLC (“CBS”). Cooperative Business Services, LLC is a Credit Union Service

Organization (“CUSO”) that facilitates the origination, underwriting, closing, servicing, portfolio management and loss mitigation of

business loans funded by area credit unions.

This position will be working in the Loss Mitigation department at CBS. The FA position will require a certain degree of creativity

and latitude and work under the direct supervision of the Vice President of Loss Mitigation.

The FA is primarily responsible for working with Loss Mitigation (“LM”) to support, the daily duties of financial analysis and

monitoring credit while performing other tasks as needed. Also, a successful FA will be able to prepare annual or more frequent

credit memorandums and financial spreads, and additional monitoring reports to assess the risks within the portfolio accurately.

Critical thinking skills are required as well as the ability to maintain creativity and flexibility to manage multiple tasks. The ideal

candidate will possess a desire to learn, and ability to work with numerous internal partners and build relationships. The FA will be

responsible and accountable for both performing and non-performing credits and will create synergy between departments by

openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. In addition,

the FA will be accountable for always doing the right thing for customers and colleagues, and ensure that actions and behaviors

drive a positive customer experience. While operating within the CUSO's Business Lending Policy and Operating Procedures, the

FA will achieve results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Qualifications:

A successful candidate for a FA must have:

 Background or strong interest in finance

 Excellent quantitative and analytical skills

 High attention to detail and ability to work independently

 Strong and decisive problem solver

 Effectively deals with change and shifting priorities

 Proven ability to multi-task, prioritize workload and meet deadlines

 Strong interpersonal skills

 Solid communication and presentation skills, both written and verbal

 Proficient PC Skills including but not limited to Microsoft Office programs

Loss Mitigation Financial Analyst Responsibilities:

The FA will work directly with loans in LM portfolio and will support the day to day needs of the department. Classification of

member business loans may include; performing, non-performing, non-accrual, death defaults, troubled debt restructure, charge-off,

bankruptcy, deficiency or OREO. The FA responsibilities include, but are not limited to:

 Maintaining accurate and timely information on Fiserv and loan servicing platforms

 Supporting LM officers in managing/collecting delinquent payments

 Executing established procedures for the successful resolution of LM accounts

 Analyzing pertinent reports and function-specific data/metrics to keep LM officers apprised of complex or high-risk situations

 Obtaining required business/personal financials and debt schedules

 Assistance with gathering information for periodic financial reviews

 FA will provide support to LM officers by performing site visits as needed

 Gathering due diligence utilizing vendors/software: Dun and Bradstreet, RMA, PACER, etc.

 Interim, Quarterly, and Annual financial updates

o At a minimum – all loans managed or monitored by LM will require a financial update including updated credit

memorandum, spreads, loan history, a personal credit report dated within past 12 months, a DNB report and

PACER report also dated within last 12 months.

o FA shall coordinate efforts to compile information as received and meet with appropriate LM staff to discuss and

provide details for an annual update to lead and participant credit unions.

o FA will utilize Sageworks to spread business, personal and where appropriate, affiliate business tax returns

o FA will use Sageworks templates for reviews and spreads

o FA will ensure accuracy of financial input

 Analyze tax returns

 Analyze income statements and balance sheets

 Problem Loan Asset Report and Write-down Analysis (“PLAR”)

o FA will work with Risk Management to ensure data fields are updated in Fiserv

o FA will ensure taxes, insurance, and financial ticklers are accurate and up-to-date

o FA will pull PLAR’s five business days after quarter-end

 FA will review information for accuracy and provide to AVP or VP of LM

 Tax Return and Financial request letters

o Review monthly reporting from Fiserv to ensure accuracy of ticklers

o Work with personnel in Corporate Administration to facilitate mail merge and letters

o Review letters for accuracy, utilizing Fiserv reporting

 Assistance with post-mortem analysis of defaulted loans

o Quarterly update of database

o Identification of trends

 Dashboard

o Updating source documentation for dashboard compilation

o Identification of patterns within regions and models

 Stress-testing

o Working with LM or PM loans to randomly sample pool of recent risk rated 4 loans

Customer Service:

The FA will be expected to communicate well with CBS management and credit union personnel. They will be prompt with responses to voice messages and emails, returning calls with 24 business hours and responding to emails within the same business day. All internal emails should be answered with high priority. The FA will inform VP, AVP and PM, credit union personnel and appropriate legal counsel, and senior management of the status of various projects.

Financial Analyst will be responsible for general support to the Loss Mitigation department. Additional duties may be assigned from time-to-time or on a permanent basis.

Company Description

About the Company: In brief, CBS, LLC is cooperatively owned by the Ohio Credit Union League Services Corporation and eight credit unions. CBS, a credit union service organization (CUSO) founded in 2003, provides business lending services to over 90 credit unions across 11 states with an aggregate asset size of over $16 billion. CBS is headquartered in Cincinnati, Ohio, with additional loan production offices in Toledo, Columbus and Cleveland, Ohio, as well as Indianapolis, Indiana, Louisville, Kentucky and Charleston, West Virginia. CBS has built a reputation for delivering the highest level of service to its credit unions and for offering extremely competitive commercial financing to small businesses. CBS is now considered one of the top business lending CUSOs in the United States.