Credit Analyst II (Hybrid, Schaumburg, IL)

Byline Bank.•Schaumburg, IL

1d•$72,000 - $89,000•Hybrid

About The Position

The Credit Analyst II is responsible for assisting the analytical and underwriting support for commercial banking including an independent analysis of creditworthiness of customers and prospects. This position will work closely with the lending function to assess the risk of commercial transactions and provide thorough documentation of the transactions.

Requirements

Bachelor’s degree in Accounting, Finance or related degree preferred.
2+ years of credit experience, ideally in a public company with at least 1,000 employees.
2+ years of credit analyst experience.
Ability to work collaboratively with a variety of stakeholders at all levels.
Be self-motivated and an effective time and project manager with a strong attention to detail.
Have strong change management, organizational and planning capabilities.
Ability to identify, understand and define problems, evaluate alternatives, set priorities, manage projects and implement high quality solutions.
Demonstrate strong organizational skills and analytical skills with the ability to directly manage and communicate multiple projects and priorities depending on organizational needs and strategies.
Possess strong communication skills both verbally and in writing.
Proficiency in MS Office Suite.

Responsibilities

Assists with commercial credit analysis by reviewing credit reports, personal/business financial statements, tax returns, appraisals, property inspections and environmental reports to complete loan presentations for approval consideration by the appropriate approval authority.
Helps analyzes the spreads of a company’s financial statements to determine overall credit strengths and weakness of potential commercial credit customers. Analysis includes, but is not limited to debt-service ratio, current assets ratio, leverage ratios, cash flow analysis, fixed charge coverage and acid test ratio.
Assists with collateral analysis of all collateral assets to accounts receivables, inventory, equipment and real estate.
Assists with credit classification analysis to include the company’s customer base, a detail credit profile of the company’s largest customers and delinquent accounts, aging analysis, delinquencies, collections and charge offs.
Assists with Inventory analysis to include inventory in days and an examination of stale inventory, spoilage, depletion and inventory valuations.
Assists with Equipment analysis to include a comparison of market value to book value and an assessment of net orderly liquidation values.
Assists with Real estate collateral analysis to include examination of appraisal and address special and single purpose use facilities and alternative uses.
Contacts the customer or customers representative to obtain additional information or explanation detail throughout the underwriting process while coordinating with the Banker.
Identifies and assesses various business, industry and market risks to determine and categorize business trends, growth, cyclical nature, seasonality, business cycle and stages and apply findings to credit evaluation.
Performs business sector analyses to evaluate the health and viability of a company based upon similar businesses and/or competitors.
Evaluates the overall growth potential of company’s bases through the application of various economic theories.
Orders underwriting items including, but not limited to audit, TLJ and UCC searches, appraisal, environmental, flood certification, and property inspections from both internal and external sources.
Prepares final funding reconciliation in Vendor Services.
Updates credit on existing files.
Records and maintains external vendor order costs in Vendor Services.
All other duties as assigned.