Credit Admin Analyst

Citizens Bank•Boston, MA

1h•$34 - $38

About The Position

This role will support the Mid Corporate Banking team in Boston on a variety of credit administrative tasks. Maintains and updates credit files, the Credit Administrative Specialist will take ownership and accountability for the overall credit file maintenance process. Scans hard copy financial reports submitted by client. Adds periodic financial reporting received from clients and internal documents such as approval memos, appraisals, etc. Coordinates with CBCS on document exceptions. Coordinates with Risk Management group to provide data for quarterly compliance testing. Mains FaCT Database and assist with Exception Management. Receive financial reporting from Portfolio Managers or Credit Analysts and update FaCT to reflect receipt. Pulls financial reporting from Intralinks or Syndtrack (when available) and update FaCT. Coordinates with Portfolio Managers and Credit Analysts to update FaCT to reflect completed annual reviews. Runs reports (primarily FaCT and ORA) and proactively follow-up with PM’s, CA’s and PM TL on coming due items along with past due items and other exceptions. Provides email reminders to clients regarding due dates for upcoming and/or past due reporting requirements. Assists with the CRM Dashboard New Client Set-Up. Set-up FaCT evaluation requirements including financial reporting requirements, covenants and the annual review requirement. Updates Tracking Questions (including Country of Risk, ESE, etc.) Ensures industry codes are correct for identification and tracking purposes. Properly identifies Leverage Lending, Sponsor Owned accounts as well as multi-bank and SNC credits along with named agents. Completes the spread request forms and submit financial statements to Credit Services (i.e. spreading group) as requested by Portfolio Managers or Credit Analysts. Complete loan originations packages as part of the underwriting and modification of credit exposures and annual reviews to include terms and conditions of credit requests, manage stages of loan origination packages to completion. Serve as liaison with various loan operations, Anti Money Laundering, flood compliance and other product partners during the loan closings, renewals and other credit actions Complete various system setups of accounts for loan borrowers, guarantors, other loan parties and counterparties and provide required business formation documentation as needed Complete post close activities including various financial and reporting ticklers, post-closing checklist, general tracking, new business triggers, establishing and revising annual review dates, assist with upload of documentation for leveraged lending requirements. Coordinate and perform certain data quality checks for Probability of Default rating and corresponding facility ratings in systems of record.

Requirements

Minimum two years working experience in Commercial Banking. preferred experience working with syndicated credit exposures
Good knowledge of the credit process, loan documentation and collateral
Excellent written and verbal communication skills
Ability to interact with all levels of employees, including senior executives
Has a clear sense and ability of when and why to escalate conflicts, concerns and issues
Ability to prepare presentations and reports using Word, Excel and PowerPoint
Ability to work independently and use own discretion when faced with decision making
Ability to organize and prioritize work and pay attention to detail

Nice To Haves

Salesforce software experience preferred
Experience in using Moody’s Credit Analyst, AFS, SalesForce, Content Manager is preferred

Responsibilities

Maintains and updates credit files
Scans hard copy financial reports submitted by client
Adds periodic financial reporting received from clients and internal documents such as approval memos, appraisals, etc
Coordinates with CBCS on document exceptions
Coordinates with Risk Management group to provide data for quarterly compliance testing
Maintains FaCT Database and assist with Exception Management
Receive financial reporting from Portfolio Managers or Credit Analysts and update FaCT to reflect receipt
Pulls financial reporting from Intralinks or Syndtrack (when available) and update FaCT
Coordinates with Portfolio Managers and Credit Analysts to update FaCT to reflect completed annual reviews
Runs reports (primarily FaCT and ORA) and proactively follow-up with PM’s, CA’s and PM TL on coming due items along with past due items and other exceptions
Provides email reminders to clients regarding due dates for upcoming and/or past due reporting requirements
Assists with the CRM Dashboard New Client Set-Up
Set-up FaCT evaluation requirements including financial reporting requirements, covenants and the annual review requirement
Updates Tracking Questions (including Country of Risk, ESE, etc.)
Ensures industry codes are correct for identification and tracking purposes
Properly identifies Leverage Lending, Sponsor Owned accounts as well as multi-bank and SNC credits along with named agents
Completes the spread request forms and submit financial statements to Credit Services (i.e. spreading group) as requested by Portfolio Managers or Credit Analysts
Complete loan originations packages as part of the underwriting and modification of credit exposures and annual reviews to include terms and conditions of credit requests, manage stages of loan origination packages to completion
Serve as liaison with various loan operations, Anti Money Laundering, flood compliance and other product partners during the loan closings, renewals and other credit actions
Complete various system setups of accounts for loan borrowers, guarantors, other loan parties and counterparties and provide required business formation documentation as needed
Complete post close activities including various financial and reporting ticklers, post-closing checklist, general tracking, new business triggers, establishing and revising annual review dates, assist with upload of documentation for leveraged lending requirements
Coordinate and perform certain data quality checks for Probability of Default rating and corresponding facility ratings in systems of record