Commercial Real Estate Credit Analyst

First Bank Chicago•Northbrook, IL

1d•Onsite

About The Position

This position reports to Nathan Bowker, SVP/Commercial Real Estate Relationship Manager. The role provides administrative and underwriting support for the Commercial Real Estate Lending Department, including financial analysis, preparing loan proposals, and commercial loan applications. The analyst will assist in underwriting and closing CRE loans, interviewing clients, performing site inspections, ordering and reviewing appraisals and third-party reports, evaluating financial information, preparing loan proposals and applications, and working with Loan Operations and attorneys on loan documents and closings. The role also involves managing client relationships, updating loan files, assisting with reporting, monitoring past due loans, and participating in departmental duties such as meetings and loan committee attendance. Additionally, the analyst will review market trends, maintain familiarity with underwriting guidelines, attend training, participate in CRA activities, monitor financial information receipt, and complete assigned projects.

Requirements

Bachelor’s degree in Business, preferably Accounting or Finance, or equivalent related experience
2 - 4 years of financial analysis experience
Organized, detail oriented
Ability to create monitoring and tracking systems
Skilled at financial analysis
Ability to multi-task while meeting deadlines
Ability to solve problems
Ability to work in a fast-paced environment
Desire to learn
Tact and diplomacy in dealing with team members, bank employees and clients
Strong written and verbal skills
Proficiency with Microsoft Word, Excel, PowerPoint and Outlook
Complete Regulatory University Training, as assigned
Follow regulatory requirements as they pertain to departmental functions
Comply with regulations including but not limited to Reg B, HMDA, CRA and all other lending compliance requirements
Complete required reports such as appropriate check lists, adverse action forms and monthly compliance monitoring
Attend outside training as appropriate
Ability to focus on financial and credit information and consolidate it into concise, accurate credit presentations
Ability to apply critical thinking and problem-solving skills at a high cognitive level
Ability to withstand long periods of focus and concentration while working independently or in a group setting
Ability to type efficiently and to work on a computer for extended periods of time
Perform physical and/or drive by site inspection of real estate
Effectively communicate with clients
Licensed to drive a motor vehicle
Ability to meet and/or provide client support at off-site locations

Nice To Haves

Prior work experience in a commercial real estate lending environment preferred

Responsibilities

Assist in underwriting and closing of Commercial Real Estate (CRE) loans
Interview clients and prospects regarding credit and service needs with relationship managers
Perform site inspections
Order and review appraisals and other third-party reports including credit inquiries
Evaluate financial and operating information including property level cash flow and guarantor financial information
Prepare loan proposal letters and commercial loan applications
Work with Loan Operations and/or attorneys to generate and review loan documents and coordinate loan closings
Prepare checklists and gather required documentation
Manage client relationships
Update paper and/or electronic loan files
Assist in preparation of watch reports, board reports and other reporting as needed
Monitor and address past due loans and overdrawn deposit accounts
Attend department meetings
Attend the Management Loan Committee and Director’s Loan Committee meetings as needed
Review of information on market trends in commercial real estate
Maintain familiarity with underwriting and Loan Policy guidelines
Attend training as required
Participate in Community Reinvestment Act (CRA) activities
Monitor receipt of financial information required by loan approvals and submit information to Loan Operations to update FISERV line ticklers
Review the monthly Line Tickler Reports for information that is past due
Prepare letters or emails to clients requesting updated information
Review letters and emails with relationship managers to ensure the accuracy of the information requested before forwarding to clients
Monitor receipts of clients’ financial information
Update the FISERV line tickler for the information received
Notify the relationship manager of non-responses or challenges from a client
Complete Commercial Loan projects as assigned by the manager and/or department head