Credit Analyst

Lakeside Bank • Park Ridge, IL

4d • Onsite

About The Position

The individual in this position will be responsible to analyze current and historical financial statements and real estate data to determine the risk involved with extending money to an individual, group of individuals or business and to prepare reports of the analysis for use in loan decision making. Tasks need to be completed within a deadline and with proficiency.

Requirements

• Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents.
• Ability to define problems, collect data, establish facts, and draw valid conclusions.
• Excellent verbal and written communication skills.
• Excellent Microsoft Office skills, specifically Word and Excel.
• Ability to effectively present information to management.
• Ability to work in a stressful environment requiring quick decision-making and adjustment to continual priority changes.
• Ability to support multiple people and manage multiple priorities in a fast-paced environment.
• Demonstrates high levels of motivation, judgement and initiative.
• Strong interpersonal skills, ability to maintain effective working relationships with all levels of Bank personnel, clients and business associates.
• Excellent accuracy, attention to detail, organization and follow through skills.
• Ability to handle routine tasks with minimal supervision.
• Ability to work effectively in deadline situations.
• Bachelor Degree in Accounting, Finance or related field.
• Working knowledge of cash flow, liquidity, working capital, profitability and leverage ratios.
• Understanding of different accounting methods and financial statement preparations.
• Understanding of sole-proprietorships, passive entities and non-passive entities.
• Understanding of K-1s and ancillary entity tax returns.
• Thorough understanding of personal liquid assets, marketable assets and non-marketable assets.
• In-depth knowledge and understanding of the bank’s loan policy.

Nice To Haves

• One to two years’ related experience.

Responsibilities

• Collect, spread and analyze financial statements and credit data to determine the overall risk associated with a specific loan.
• Work with Loan Officers and Portfolio Managers to ensure that all pertinent financial information has been collected, spread and analyzed.
• Assist in overall structure of the loan and make recommendations to mitigate risks of specific loan transactions.
• Utilize various financial ratios to determine strengths and weaknesses of a specific credit.
• Determine positive and negative trends when comparing current and historical financial statements.
• Underwrite various types of real estate loans, including but not limited to acquisition and construction and commercial mortgage amongst various real estate asset classes including but not limited to: Multi-family, Mixed-Use, Retail, Office, Industrial and Single Family Housing.
• Utilize third party vendor reports to support underwriting recommendations and decisions.
• Utilize appraisal reports, environmental reports, submarket reports in addition to others.
• Analyze various lease types including but not limited to: gross leases, modified-gross leases and NNN leases.
• Determine different types of appraisals and understand the difference between the various appraisal types.
• Spread and review construction draw requests.
• Determine cost overruns of a construction project, equity requirements and general progression of a construction project.
• Spread and analyze personal financial statements, tax return and credit reports of individuals.
• Complete global cash flow analysis on specific individuals.
• Prepare summary reports that highlight the strengths and weaknesses of specific loan transactions.
• Make a recommendation to the bank’s lending committee on the overall structure and risk associated with the loan.
• Performs other related duties as assigned or required.

Benefits

• 4 Blue Cross Blue Shield Medical plans (2 PPO & 2 HMO plans)
• PPO Dental plans through Principal
• Vision insurance through Principal VSP
• Life/AD&D insurance
• Short-term Disability insurance
• Long-term Disability insurance
• Supplemental ancillary products such as supplemental life for employee, spouse and/or children, accident, critical illness, hospital indemnity and pet insurance.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level