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Associate Credit Jobs in Hawaii (NOW HIRING)

hsfcu

Consumer Loan Servicing Associate

Honolulu, HI

$39K - $45K/yr

The Consumer Loan Servicing Associate supports consumer loans from post funding through payoff ... Previous experience in a credit union, financial institution, or related financial services ...

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Associate Credit information

What is an associate credit?

Associate Credit professionals are entry- to mid-level employees who work in financial institutions or corporate finance teams, focusing on assessing the creditworthiness of individuals or companies. Their responsibilities often include analyzing financial statements, preparing credit reports, assisting in loan underwriting, and monitoring existing credit portfolios. They play a crucial role in ensuring that lending decisions are based on sound financial analysis and risk assessment. Associate Credit professionals typically work under the supervision of senior credit analysts or managers and may interact with clients to gather necessary financial information.

What is a credit associate?

A credit associate or analyst determines whether or not clients are good candidates for credit cards, loans, or financing options. Credit associate jobs are found in the banking industry and other corporate settings that provide financial services, like vehicle dealerships. Job duties include gathering data about potential clients, analyzing their financial information, and making a recommendation about their credit risk. The qualifications for this career are a bachelor’s degree in accounting or finance, experience in the financial industry, and quantitative analysis skills.

What are the key skills and qualifications needed to thrive as an associate credit?

To thrive as an Associate Credit professional, you need strong analytical skills, attention to detail, and a solid understanding of financial principles, typically backed by a degree in finance, accounting, or a related field. Proficiency with credit analysis tools, financial modeling software, and CRM systems is often required. Excellent communication, problem-solving abilities, and teamwork are essential soft skills for effectively collaborating with clients and internal teams. These competencies ensure accurate credit assessments, risk management, and the building of strong client relationships, all of which are critical for organizational success.

What are some common challenges faced by an associate credit, and how can they be overcome?

Associate Credit professionals often encounter challenges such as analyzing complex financial data, balancing multiple client accounts, and meeting tight deadlines for credit assessments. Effective time management and strong analytical skills are crucial to handle these tasks efficiently. Collaboration with senior credit analysts and other departments, such as sales or risk management, can provide valuable insights and support. Continuous learning about industry regulations and credit risk models also helps in staying updated and improving performance.

What is the difference between Associate Credit vs Credit Analyst?

AspectAssociate CreditCredit Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; some roles may require certifications like CFA or CPABachelor's degree in finance, accounting, or related field; certifications like CFA are common but not mandatory
Work EnvironmentTypically in banking or financial institutions, working in teams to assess creditworthinessOften in banks, credit bureaus, or financial firms, analyzing data and preparing reports
Employer & Industry UsageUsed by banks, lending companies, and financial institutions for credit assessmentUsed by banks, credit agencies, and financial firms for evaluating credit risk

Both Associate Credit and Credit Analyst roles involve assessing creditworthiness, requiring similar educational backgrounds and working in financial environments. The main difference lies in job scope: Associate Credit often supports credit decision processes, while Credit Analysts perform detailed credit risk analysis and reporting.

More about Associate Credit jobs

What are the most commonly searched types of Credit jobs in Hawaii?

The most popular types of Credit jobs in Hawaii are:

What cities in Hawaii are hiring for Associate Credit jobs?

Cities in Hawaii with the most Associate Credit job openings:

Associate Credit jobs near you

Associate I or II - Private Banking

Honolulu, HI • On-site

Central Pacific Bank
Commercial Banking • 501 - 1,000 employees

7.2

Company rating: 7.2 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

118th of 173 rated banks

Great coworkers

Good employer

Respectful managers

Learn more about Central Pacific Bankexternal

Full-time

Re-posted 7 days ago

Job description

Position Function:

Assess risk, analyzes, and helps to structure Private Banking credit requests to facilitate the credit decision-making process. Discusses requests with Private Banking Officers and/or Credit Administrators, periodically meets clients and prospective clients with Private Banking Officers. Provides support on renewals/modifications. Documents the credit decision and supporting rationale in a clear, fair, and balanced manner. Assures that all credits meet CPB quality targets, lending policies, and underwriting guidelines. Assists with team portfolio management. Coordinates documentation with Documentation Department and external attorneys, as needed.

Performs all duties and interacts with internal and external customers in a manner that is expressly aligned with the Company's Core Values of approaching all actions with a “Voyaging Spirit” and being “Positively Ohana”. Exhibits core competencies that result in consistent delivery of positive Customer Interactions, Empowerment and Ownership and demonstrates key professional and performance skills such as Active Listening, effective Oral and Written Communication, Action and Solution Oriented and Thoroughness.

Primary Accountabilities:

  • Develops client and financial information.
  • Formulates credit analysis, cash flow analysis, and alternative risk scenarios using a computer.
  • Prepares written summaries of acceptability of risk.
  • Reviews and makes recommendations on credit approval memorandums for recommended credit facilities.
  • Provides primary credit structuring decisions in consultation with the primary relationship officers.
  • Assures that credit facility structures meet the customer’s needs while maintaining safety and soundness standards for the Bank.
  • Assists team members in management and achievement of team goals, portfolio, and accountabilities.
  • Assists team to maintain, expand, and service deposit and loan relationships of high-valued clientele, as well as responding to inquiries.
  • Generates referrals for various banking products and services.
  • Attends sales meetings to communicate results of sales and business calling activities, and provides feedback to Manager on strategies to enhance goal attainment.
  • Reviews and tracks team’s portfolio to minimize exceptions, maximize compliance, and proactively address upcoming credit requests.
  • Along with relationship officers, develops client and financial information, monitors and collects on all overdue accounts.
  • Coordinates the research and response to requests for information and service for clients.
  • Initiates corrective actions and ensures prompt follow-up to ensure client satisfaction.
  • Maintains quality of loans in team portfolio of account relationships through diligent supervision and collection efforts, keeping abreast of trends and developments both within and outside the Bank that could impact or affect the quality of the assigned portfolio.
  • Keeps on top of all credits and downgrade loans as necessary.
  • Liaison between clients, officers, and Bank departments in researching/responding to requests for information, researching, and resolving problems.
  • Responsible for ensuring missing and incomplete reports for the team are updated in a timely manner.
  • Serves as a backup for other administrative/operational duties as assigned by relationship officers.
  • Assists in special projects, miscellaneous responsibilities, and other duties as assigned.
  • Achieves a satisfactory rating on audits.
  • Improves personal/professional status through education and keeping abreast of updated bank policies, procedures, and products and services.

Minimum Qualifications:

Education:

  • High School Diploma or GED equivalency required.
  • Bachelor’s Degree from an accredited 4-year university in Accounting, Finance, Economics, or related field preferred.

Experience:

Associate I:

  • 4+ years of experience in Commercial and retail loan and deposit servicing or underwriting, or equivalent experience required. (A bachelor’s degree can substitute for 2 years of work experience.)

Associate II:

  • 5+ years of experience in Commercial and retail loan and deposit servicing or underwriting, or equivalent experience required. (A bachelor’s degree can substitute for 2 years of work experience.)


Physical Requirements & Working Conditions:

  • Must be able to perform light physical work and to move or lift items including but not limited to boxes, files and papers up to 20 pounds unless otherwise as indicated.
  • Must be able to operate and proficiently use standard office equipment, including phone, copier, personal computer and/or other work related mechanical or electronic devices and applications.
  • Must be able to clearly communicate verbally and in writing with all internal and external customers. Must also be able to hear sufficiently to engage in daily discussions and interactions.
  • Must be able to read and understand bank-related documents.
  • Must be able to work in a conventional office setting, involving sitting at a desk or workstation for long periods of time. Must also be able to adapt to different work environments as needed to perform the job.

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