Credit Analyst - To 85K - Des Plaines, IL - Job 3594
About The Position
The Symicor Group is seeking to fill a Credit Analyst role for their bank client in the Des Plaines, IL area. This position is responsible for analyzing financial statements and other relevant factors to assess the creditworthiness of new commercial credit requests, identifying and mitigating key risks. The individual will present findings and recommendations in concise written reports focusing on cash flow, ability to repay, collateral evaluation, and appropriate structure and terms. The Commercial Credit Analyst also performs ongoing reviews of the financial condition of existing commercial borrowers. The opportunity offers a generous salary of up to $85K and a benefits package. This is not a remote position.
Requirements
- Five or more years of experience as a Credit Analyst required.
- Experienced in preparing credit presentations.
- Able to manage/process/track annual reviews of the necessary credits.
- Thorough knowledge of current lending and loan review regulations and banking regulations, procedures, and operations.
- Proficient ability to analyze and interpret financial statements.
- Excellent written and verbal communication skills.
- Strong organizational skills with an eye for detail.
- Ability to multi-task.
- Adept with spreadsheet and word processing software as well as have experience working in a digital office environment.
Nice To Haves
- Bachelor’s Degree in a related field of study preferred specialized financial analysis training.
Responsibilities
- Responsible for preparing basis and comprehensive credit analyses on commercial loans that facilitates the credit approval process for use by loan officers or committees in the making of lending decisions regarding new, renewal, and extension loans.
- Thoroughly analyzes the most complex commercial credits.
- Analyzing factors such as income growth, margins, trends, quality of management, market shares, industry risks and collateral assessment.
- Submits credit approval documents to appropriate personnel for decision making.
- Analyze & create loan presentations for the commercial loan committee.
- Assist lenders in evaluating credit proposals and proper structure.
- Grade new and existing loans.
- Prepare financial projections and stress tests.
- Present financial information to the loan committee and vote on loan presentations.
- Prepare audits on commercial loans for documentation and credit exceptions, provide recommendations.
- Maintain a list of ongoing loan exceptions.
- Analyze participations and present them to the loan committee.
- Administration of LaserPro software, including weekly updating of interest rates.
- Assisting with the implementation of oversight of document imaging and document tracking.
- Review commercial appraisals.
- Prepare real estate evaluations.
- Maintain a list of loans to be funded.
Benefits
- A benefits package
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
