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https://penfed.org
Pentagon Federal Credit …
Pentagon Federal Credit …
Local
PenFed.org is the official website of the PenFed Credit Union, one of the largest and most reputable federal credit unions in the United States. The website serves as a comprehensive platform for individuals seeking a wide range of financial services, including mortgages, car loans, personal loans, credit cards, checking and savings accounts, and investment options. It offers detailed information about the credit union's history, membership eligibility, and commitment to serving the military community. The website also provides convenient tools for calculating loan rates, accessing online banking, and managing accounts. With its user-friendly interface and extensive resources, PenFed.org aims to deliver a reliable and convenient banking experience to its customers.
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EncryptedSite is Encrypted
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CountryHosted in United States
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Latitude\Longitude37.751 / -97.822 Google Map
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Traffic rank#29,913 Site Rank
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Site age28 yrs old
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Site Owner informationWhois info
Website is Safe
Site is not blacklisted
Traffic rank
#29,913
#29,913
Site age
28 yrs
28 yrs
Location
United States
United States
Popular Questions for Pentagon Federal Credit …
Newest job postings for Pentagon Federal Credit …
via LinkedIn
posted_at: 18 hours agoschedule_type: Full-time
Overview
The future of PenFed starts with you! Our goal at PenFed is to empower our members to “Do Better” financially. Do you have a passion to do meaningful work? Our teams' mission is to provide our members the tools to reach their financial goals. Here at PenFed, our members are like family and we believe everyone who dreams big and works hard deserves great rates and rewards. If you agree... you belong here.
PenFed is hiring a Senior Manager,
Overview
The future of PenFed starts with you! Our goal at PenFed is to empower our members to “Do Better” financially. Do you have a passion to do meaningful work? Our teams' mission is to provide our members the tools to reach their financial goals. Here at PenFed, our members are like family and we believe everyone who dreams big and works hard deserves great rates and rewards. If you agree... you belong here.
PenFed is hiring a Senior Manager, Branch Operations to work onsite at our Tysons, Virginia location. The primary purpose of this job is to lead an assigned team in providing an exceptional member experience, understanding the needs of PenFed’s members and ensuring members are introduced to and provided with the most appropriate solution to improve their financial lives. The incumbent acts as an enthusiastic, highly motivated self-starter with a strong work ethic and intense focus on results, acting in the best interest of the member. The role leverages robust partner relationships along with enterprise strategies and tactics to manage and develop a team of Financial Centers and Branch Managers.
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.
• Serve as the primary resource for Branch Managers and their Financial Centers.
• Actively champion change and ensure changes are effectively implemented.
• Collaborate effectively to get things done, building and nurturing strong relationships with key partners/clients across and outside of organizations.
• Communicate effectively and confidently, and is comfortable engaging all members.
• Ability to learn and adapt to new information and technology platforms.
• Applies strong critical thinking and problem-solving skills to meet members’ needs as well as escalate as needed with sense of urgency.
• Follow established processes and guidelines in daily activities to do what is right for members and the credit union, adhering to all applicable laws and regulations.
• Attract, recruit and retain an effective management, sales, and operations team to achieve monthly, quarterly, yearly goals.
• Manage complexity, prioritize tasks, delegate and execute in a fast-paced environment.
• Interpret performance and operational results, find opportunities to drive success and hold others accountable to results.
• Maintain flexible availability to work weekends and/or extended hours as needed. Travel between sites as required.
• This role is responsible for ensuring business continuity.*
Qualifications
Equivalent combination of education and experience is considered.
• Undergraduate degree in a related field or a combination of education and experience that provides the necessary skills and knowledge to satisfactorily perform the essential job functions, required.
• Minimum ten (10) years of demonstrated experience with sales/credit union/bank operations and building, leading, managing and coaching a team.
• Experience working in an environment with individual and team goals where goals were routinely met or exceeded
• Minimum two (2) years of direct management experience
• Experience in financial services and knowledge of financial services industry, products and solutions
• Experience in mortgage, retail, or hospitality
Supervisory Responsibility
• This role will directly 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.
• Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*
Travel
Travel up to 70% of the time.
About Us
Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 2.8 million members and over $36 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 Show more details...
The future of PenFed starts with you! Our goal at PenFed is to empower our members to “Do Better” financially. Do you have a passion to do meaningful work? Our teams' mission is to provide our members the tools to reach their financial goals. Here at PenFed, our members are like family and we believe everyone who dreams big and works hard deserves great rates and rewards. If you agree... you belong here.
PenFed is hiring a Senior Manager, Branch Operations to work onsite at our Tysons, Virginia location. The primary purpose of this job is to lead an assigned team in providing an exceptional member experience, understanding the needs of PenFed’s members and ensuring members are introduced to and provided with the most appropriate solution to improve their financial lives. The incumbent acts as an enthusiastic, highly motivated self-starter with a strong work ethic and intense focus on results, acting in the best interest of the member. The role leverages robust partner relationships along with enterprise strategies and tactics to manage and develop a team of Financial Centers and Branch Managers.
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.
• Serve as the primary resource for Branch Managers and their Financial Centers.
• Actively champion change and ensure changes are effectively implemented.
• Collaborate effectively to get things done, building and nurturing strong relationships with key partners/clients across and outside of organizations.
• Communicate effectively and confidently, and is comfortable engaging all members.
• Ability to learn and adapt to new information and technology platforms.
• Applies strong critical thinking and problem-solving skills to meet members’ needs as well as escalate as needed with sense of urgency.
• Follow established processes and guidelines in daily activities to do what is right for members and the credit union, adhering to all applicable laws and regulations.
• Attract, recruit and retain an effective management, sales, and operations team to achieve monthly, quarterly, yearly goals.
• Manage complexity, prioritize tasks, delegate and execute in a fast-paced environment.
• Interpret performance and operational results, find opportunities to drive success and hold others accountable to results.
• Maintain flexible availability to work weekends and/or extended hours as needed. Travel between sites as required.
• This role is responsible for ensuring business continuity.*
Qualifications
Equivalent combination of education and experience is considered.
• Undergraduate degree in a related field or a combination of education and experience that provides the necessary skills and knowledge to satisfactorily perform the essential job functions, required.
• Minimum ten (10) years of demonstrated experience with sales/credit union/bank operations and building, leading, managing and coaching a team.
• Experience working in an environment with individual and team goals where goals were routinely met or exceeded
• Minimum two (2) years of direct management experience
• Experience in financial services and knowledge of financial services industry, products and solutions
• Experience in mortgage, retail, or hospitality
Supervisory Responsibility
• This role will directly 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.
• Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*
Travel
Travel up to 70% of the time.
About Us
Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 2.8 million members and over $36 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 Show more details...
via LinkedIn
posted_at: 18 hours agoschedule_type: Full-time
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
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 (Hybrid) Market Risk Manager at our Tysons, Virginia location. PenFed’s Enterprise Risk Management Team is seeking an individual with extensive expertise in financial markets risk and interest rate risk to strengthen the level of effective challenge offered at the second line level; help create appropriate governance vehicles for management of these risks at the second line level and support the institution’s continued maturation in enterprise-wide risk identification, controls creation, and testing in these areas.
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 the Head of Market Risk to provide insight on Bond Price sensitivity and maturity risk, premiums and validate or challenge Economic Value of Equity (EVE) projections upon which future financial capacity is based.
• Assist in creating and updating policy guidance and overseeing governance related to management of Market risks.
• Populate the risk catalogue for PenFed in Market risk, providing a second line challenge to BU assessment of risks and controls with regard to Market Risk.
• Assist the Head of Market Risk to examine the Market Risk of PenFed’s Balance Sheet and the hedging of it with IR swaps, options, or other derivatives.
• Assist the Head of Market Risk in effective challenge for models proposed for use at PenFed, as well as those in regular use.
• Assist the Head of Market Risk to implement Best Practices Template across all PenFed Market Risk Portfolio’s.
• This role is responsible for ensuring business continuity.*
Qualifications
Equivalent combination of education and experience is considered.
• BS degree in finance or related field required.
• Minimum of Ten (10 years) of experience in the Financial Industry.
• Experience in Capital Markets.
• Experience in the analysis of the Market Risk of Mortgage’s.
• Experience in quantitative modeling.
• Experience in the management and hedging of interest rate and volatility exposures.
• Ability to work with confidence in environments of significant velocity.
• Ability to deliver ongoing, effective challenge to day-to-day partners.
• Proven partnership skills in areas of complexity and change.
• Expertise creating policies and procedures codifying best practice management of interest rate and market risk areas and gaining Enterprise acceptance.
• Familiarity with risk framework and processes at financial institutions.
Supervisory Responsibility
• This position will not supervise staff.
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.
• 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 will be required.
About Us
Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 2.8 million members and over $36 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 Show more details...
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 (Hybrid) Market Risk Manager at our Tysons, Virginia location. PenFed’s Enterprise Risk Management Team is seeking an individual with extensive expertise in financial markets risk and interest rate risk to strengthen the level of effective challenge offered at the second line level; help create appropriate governance vehicles for management of these risks at the second line level and support the institution’s continued maturation in enterprise-wide risk identification, controls creation, and testing in these areas.
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 the Head of Market Risk to provide insight on Bond Price sensitivity and maturity risk, premiums and validate or challenge Economic Value of Equity (EVE) projections upon which future financial capacity is based.
• Assist in creating and updating policy guidance and overseeing governance related to management of Market risks.
• Populate the risk catalogue for PenFed in Market risk, providing a second line challenge to BU assessment of risks and controls with regard to Market Risk.
• Assist the Head of Market Risk to examine the Market Risk of PenFed’s Balance Sheet and the hedging of it with IR swaps, options, or other derivatives.
• Assist the Head of Market Risk in effective challenge for models proposed for use at PenFed, as well as those in regular use.
• Assist the Head of Market Risk to implement Best Practices Template across all PenFed Market Risk Portfolio’s.
• This role is responsible for ensuring business continuity.*
Qualifications
Equivalent combination of education and experience is considered.
• BS degree in finance or related field required.
• Minimum of Ten (10 years) of experience in the Financial Industry.
• Experience in Capital Markets.
• Experience in the analysis of the Market Risk of Mortgage’s.
• Experience in quantitative modeling.
• Experience in the management and hedging of interest rate and volatility exposures.
• Ability to work with confidence in environments of significant velocity.
• Ability to deliver ongoing, effective challenge to day-to-day partners.
• Proven partnership skills in areas of complexity and change.
• Expertise creating policies and procedures codifying best practice management of interest rate and market risk areas and gaining Enterprise acceptance.
• Familiarity with risk framework and processes at financial institutions.
Supervisory Responsibility
• This position will not supervise staff.
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.
• 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 will be required.
About Us
Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 2.8 million members and over $36 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 Show more details...
via LinkedIn
posted_at: 3 days agoschedule_type: Full-time
Overview
At PenFed, we value our colleagues and are proud of our positive work environment. We are continually on the look-out for top performers who are interested in joining our team! Our mission is to provide our members the tools to reach their financial goals. Each employee at PenFed has an impact on our members, our colleagues, and our communities. If you are seeking to take your career to... the next level, join our team!
PenFed is hiring
Overview
At PenFed, we value our colleagues and are proud of our positive work environment. We are continually on the look-out for top performers who are interested in joining our team! Our mission is to provide our members the tools to reach their financial goals. Each employee at PenFed has an impact on our members, our colleagues, and our communities. If you are seeking to take your career to... the next level, join our team!
PenFed is hiring at (Hybrid) Commercial Risk Analyst at our Tysons, Virginia location. The primary purpose of this role is to serve as the second line of defense for PenFed’s commercial lending (primarily commercial real estate) and counterparty credit risk. The incumbent will conduct analysis and independently assess material and/or key risks, providing effective challenge where needed. This role interacts with the first line business units to support the incorporation of credit risk assessments. This position will partner with and credibly challenge the commercial business team on acquisition underwriting strategies/credit policies, provide credit risk monitoring & analytics and also support development, forecasting, management and regulatory reporting of key credit risk metrics. The objective is to understand the inherent risk drivers, historical and potential future performance volatility of the commercial real estate lending business and be able to assist in anticipating and advising changes in risk sentiments into our lending practices. The role will range in responsibilities from analysis on individual loans to performing a macro level analysis of PenFed’s commercial 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.
• Independently review and evaluate accuracy of risk ratings from a 2nd line perspective. Complete thorough financial analysis of medium to complex commercial real estate loans and other commercial loan types, which includes accurately laying out historical financials and making sound decisions to develop a proforma financial analysis.
• Assist in the assessment of difficult to complex loans with guidance from more senior members of the team.
• Manage the portfolio credits and routinely monitor for early identification of risks. With management oversight, conduct Credit Risk Assessment on commercial lending portfolio.
• Monitor credit policy changes to drive credit policy optimization and risk mitigation strategies on medium to complex loans.
• Support ad-hoc analyses or projects as needed.
• Identify and explain year over year variances and trends in income and expense line items and explain trends in property performance.
• Monitor and manage exposure at the facility, product, and portfolio levels; perform sector analysis regularly to assess portfolio concentrations and trends.
• Ability to analyze an open-ended number of both quantitative and qualitative risk factors and mitigants to arrive at written recommendations regarding the creditworthiness of PenFed insurance counterparties.
• Look up and assess the financials of auto insurance and private mortgage providers. Ability to understand 10Ks and 10Qs and annual/quarterly company reports.
• Work independently on issues of diverse scope where analysis of situations or data requires evaluation of a variety of factors, including an understanding of current business trends.
• Ability to understand credit issues and aggregate information.
• Perform and attribution analysis for CECL reserves on excel by performing quarter over quarter comparisons on key loan inputs and excel output results.
• Create/maintain risk dashboards that identify trends in the portfolio.
• Create PowerPoint Presentations for credit risk committee intended for senior management.
• Maintain working knowledge of commercial real estate lending related regulations to ensure compliance. Remain abreast of financial regulatory developments in credit risk management and best practices within the industry.
Qualifications
Equivalent combination of education and experience is considered.
• Bachelor’s degree in business, Finance, Economics, Quantitative Discipline or Equivalent is required.
• Minimum of three (3) years of experience in a financial service setting.
• Very strong analytical skills and ability to perform statistical analysis.
• Ability to research and analyze qualitative and quantitative information and effectively present findings to key stakeholders.
• Proficiency in financial modeling.
• A strong sense of urgency and accountability.
• High level of organization, attention to detail and accuracy.
• Ability to interpret financial statements, rent rolls, and other reports with ease.
• Excellent verbal and written communication skills, including ability to summarize key messages for senior management presentations.
• Ability to understand complex topics and loan structures.
• Ability to digest large amounts of data and able to summarize in a concise manner.
• Interest in the commercial real estate industry.
• Strong organization skills with the ability to multitask, prioritize and work to tight deadlines, whether on independent project work or in conjunction with others on a team.
• Self-motivated with strong interpersonal skills in order to actively lead and implement ideas in a cross-functional team environment.
• Strong problem-solving skills.
• Strong skills in various data analysis and visualization tools including SQL, Tableau, Excel and PowerPoint are required. Proficiency with statistical tools (SAS, R) and analysis is 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.
About Us
Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 2.8 million members and over $36 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 Show more details...
At PenFed, we value our colleagues and are proud of our positive work environment. We are continually on the look-out for top performers who are interested in joining our team! Our mission is to provide our members the tools to reach their financial goals. Each employee at PenFed has an impact on our members, our colleagues, and our communities. If you are seeking to take your career to... the next level, join our team!
PenFed is hiring at (Hybrid) Commercial Risk Analyst at our Tysons, Virginia location. The primary purpose of this role is to serve as the second line of defense for PenFed’s commercial lending (primarily commercial real estate) and counterparty credit risk. The incumbent will conduct analysis and independently assess material and/or key risks, providing effective challenge where needed. This role interacts with the first line business units to support the incorporation of credit risk assessments. This position will partner with and credibly challenge the commercial business team on acquisition underwriting strategies/credit policies, provide credit risk monitoring & analytics and also support development, forecasting, management and regulatory reporting of key credit risk metrics. The objective is to understand the inherent risk drivers, historical and potential future performance volatility of the commercial real estate lending business and be able to assist in anticipating and advising changes in risk sentiments into our lending practices. The role will range in responsibilities from analysis on individual loans to performing a macro level analysis of PenFed’s commercial 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.
• Independently review and evaluate accuracy of risk ratings from a 2nd line perspective. Complete thorough financial analysis of medium to complex commercial real estate loans and other commercial loan types, which includes accurately laying out historical financials and making sound decisions to develop a proforma financial analysis.
• Assist in the assessment of difficult to complex loans with guidance from more senior members of the team.
• Manage the portfolio credits and routinely monitor for early identification of risks. With management oversight, conduct Credit Risk Assessment on commercial lending portfolio.
• Monitor credit policy changes to drive credit policy optimization and risk mitigation strategies on medium to complex loans.
• Support ad-hoc analyses or projects as needed.
• Identify and explain year over year variances and trends in income and expense line items and explain trends in property performance.
• Monitor and manage exposure at the facility, product, and portfolio levels; perform sector analysis regularly to assess portfolio concentrations and trends.
• Ability to analyze an open-ended number of both quantitative and qualitative risk factors and mitigants to arrive at written recommendations regarding the creditworthiness of PenFed insurance counterparties.
• Look up and assess the financials of auto insurance and private mortgage providers. Ability to understand 10Ks and 10Qs and annual/quarterly company reports.
• Work independently on issues of diverse scope where analysis of situations or data requires evaluation of a variety of factors, including an understanding of current business trends.
• Ability to understand credit issues and aggregate information.
• Perform and attribution analysis for CECL reserves on excel by performing quarter over quarter comparisons on key loan inputs and excel output results.
• Create/maintain risk dashboards that identify trends in the portfolio.
• Create PowerPoint Presentations for credit risk committee intended for senior management.
• Maintain working knowledge of commercial real estate lending related regulations to ensure compliance. Remain abreast of financial regulatory developments in credit risk management and best practices within the industry.
Qualifications
Equivalent combination of education and experience is considered.
• Bachelor’s degree in business, Finance, Economics, Quantitative Discipline or Equivalent is required.
• Minimum of three (3) years of experience in a financial service setting.
• Very strong analytical skills and ability to perform statistical analysis.
• Ability to research and analyze qualitative and quantitative information and effectively present findings to key stakeholders.
• Proficiency in financial modeling.
• A strong sense of urgency and accountability.
• High level of organization, attention to detail and accuracy.
• Ability to interpret financial statements, rent rolls, and other reports with ease.
• Excellent verbal and written communication skills, including ability to summarize key messages for senior management presentations.
• Ability to understand complex topics and loan structures.
• Ability to digest large amounts of data and able to summarize in a concise manner.
• Interest in the commercial real estate industry.
• Strong organization skills with the ability to multitask, prioritize and work to tight deadlines, whether on independent project work or in conjunction with others on a team.
• Self-motivated with strong interpersonal skills in order to actively lead and implement ideas in a cross-functional team environment.
• Strong problem-solving skills.
• Strong skills in various data analysis and visualization tools including SQL, Tableau, Excel and PowerPoint are required. Proficiency with statistical tools (SAS, R) and analysis is 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.
About Us
Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 2.8 million members and over $36 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 Show more details...
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