Credit Analyst Intern

Centier Bank•Merrillville, IN

45d•$19

About The Position

This position is an entry level position in the credit department for commercial loans. This individual will support experienced underwriters in the department and management with reports and analysis. This person must be comfortable with numbers and large spreadsheets and must be able to think critically. . Basic knowledge of accounting and finance principles is strongly preferred.

Requirements

Adept at time management to meet strict deadlines and respond to high urgency requests from Management and/or Loan Officers
Ability to think critically and express conclusions in writing and verbally
Aptitude for quantitative analysis working with numerous variables, spreadsheets with large amounts of data, identifying/summarizing patterns and trends
Must be a quick study for new tasks, procedures, software/technology as well as conceptual philosophy behind a diverse set of tasks related to risk management of commercial loans.
Strong organizational skill sets
Strong attention to detail
Working knowledge of Microsoft Office and financial worksheets/spreads
Minimal travel required
Working towards a Bachelor’s Degree with significant accomplishment in finance and accounting.

Nice To Haves

Knowledge commercial lending a plus.

Responsibilities

Analyst should display independent thought to present data, conclusions and recommendations taking into account the boundaries of regulations, policies, and guidelines.
Collecting and analyzing financial information about borrowers regarding income, assets, and debts to determine the level of credit that is appropriate for simple commercial loan relationships
Interact with internal and external customers to deliver reports and other information promptly.
Being a problem solver for the team as miscellaneous projects are assigned or procedures are changed and new procedures are created.
Thinking independently to present data, conclusions and recommendations when there may not be a predefined policy or procedure.
Identify potential risks or insufficient controls in procedures and reports.
Take ownership for accuracy and readability of reports.
Identify warning signs in reports and potential mitigating factors.
Miscellaneous report writing and administrative tasks including:
Reviewing credit risks in customer requests for and Automatic Clearing House limits
Spreading customer financial statements
Deliver and interpret personal and business credit bureau reports and legal filing searches
Completing collateral and/or financial worksheets for periodic covenant testing and borrowing base monitoring