Overview
Are you looking to take your career from good to great? As an employee of PenFed, every day is an opportunity to thrive, and be part of a team working to ensure our organization is providing world class service to our members, employees, and our communities. We exist to help our members realize their full potential, educate and encourage their dreams, and make every effort to follow our mission and help our members -do better.- Joining PenFed is more than being an employee; it's about being a part of the PenFed family.
PenFed is hiring a Remote Risk Advisor in Jacksonville, Florida. The Risk Advisor is primarily responsible for providing high level support to assigned management in the form of due diligence and financial analysis of clients/applicants with $5,000,000 to $5,000,000,000+ of capital, underwriting support, cash flow analysis, projections, and risk identification. The position assists in other tasks to achieve the goals of the credit union with regard to sound counterparty and credit risk management and underwriting in compliance with policies and procedures.
*This position is available remotely within 100 miles of job location *
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.
Assist Director, Head of Correspondent Lending, and other staff with timely assessment of financial and quality/credit measurements for new client applications, annual recertification, and as client issues arise through the preparation and analysis of timely financial spreads, trend analysis, detailed quality control analysis, industry analysis, and identification of risks and mitigants for both new credits and renewal events.
Review client performance monitoring via metrics and standards. Escalate unacceptable performance for remediation and additional analysis, where warranted. Operate within delegated authority to waive condition using judgment and understanding of risk and compensating factors.
Maintain and update financial, tracking, and reporting systems of decisions and exceptions with necessary approval for due diligence file data, including any necessary justification and documentation that due diligence was performed.
Provide presentations of decisions and exceptions to Executive Committee. Grow into facilitation role.
Assist in compiling and distribution of various reports as requested by senior management and develop analysis to support escalated actions.
Assist in analysis and process improvement initiatives within the line of business.
Assist other department members with various tasks such as ordering property analysis reports, completing exceptions requests, and regulatory exam preparation.
Attend regular credit training/mentoring sessions and support committee meetings with area credit partners. Represent the channel during monthly meetings on loan quality matters.
Train and mentor department staff to further strengthen credit/counterparty risk skills of the group and build industry knowledge.
Join sales team and client on requested customer calls and follow up with client's Certified Public Accountant (CPA) or Chief Financial Officer (CFO) to clarify information needed for decision, underwriting, and analysis.
Create and maintain risk assessment matrix and related tools. Maintain department and client-facing policies and procedures.
This role is responsible for ensuring business continuity.
Qualifications
Equivalent combination of education and experience is considered.
Bachelor's degree in Accounting or Finance-related field of study
Statistics background or degree
Industry, finance, and/or Six Sigma certifications
CPA designation
Familiarity with spreading software for financial analysis
Commercial credit decisioning
LOS and/or servicing systems knowledge
Strong financial analysis skills with ability to provide proactive risk assessments and recommendations to management.
Working knowledge of Office of the Comptroller of the Currency (OCC) categories of risk and risk management principles and practices.
Experience reviewing and interpreting tax returns, financial statements and resulting ratios and key performance indicators for both companies and individuals.
Highly experienced with both personal and business financial spreads, covenant calculations using software such as Baker Hill, FisCal, or Moody's Risk Analyst.
Ability to develop accurate reports in EXCEL for details data provided from loan origination systems. Advanced analysis skills via EXCEL and corporate reporting.
Work directly with Corporate IT to design, develop, and test report including all changes to implement into production
Ability to complete assigned tasks quickly and accurately.
Must have clear and articulate verbal and written communication skills. Ability to communicate with senior leadership.
Must be able to work independently or with others to provide high quality customer service and meet deadlines with both internal and external customers.
Microsoft Office proficiency
Advanced Microsoft EXCEL skills
Supervisory Responsibility
This position will not direclty supervise employees
Licenses and Certifications
CPA preferred
Work Environment
While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.
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.
Special Message Regarding COVID 19
PenFed is continuing to hire and train exceptional individuals to help us serve our 2 million members both here and around the world. In light of the current situation with novel coronavirus (COVID-19), we have modified our hiring, onboarding, training, and deployment protocols in order to comply with current local and state guidance around social distancing.
About Us
Established in 1935, PenFed today is one of the country's strongest and most stable financial institutions with over 2 million members and over $26 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam, Puerto Rico and Okinawa. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day.
We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more.
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 240-224-4256.
