Credit Analyst - To 90K - North Aurora, IL - Job 3800-146965
About The Position
The Symicor Group is seeking a Credit Analyst for their bank client in the North Aurora, IL area. This role involves analyzing financial statements and other factors to assess the creditworthiness of new commercial credit requests, identifying and mitigating risks. The analyst will prepare concise written reports detailing findings and recommendations, focusing on cash flow, ability to repay, collateral evaluation, and appropriate structure and terms. Additionally, the Commercial Credit Analyst will conduct ongoing reviews of the financial condition of existing commercial borrowers. The position offers a salary of up to $90K and a benefits package. This is not a remote position.
Requirements
- Bachelor’s Degree in a related field of study preferred specialized financial analysis training.
- 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.
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, including 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.
- Maintain a list of loans to be funded.
Benefits
- Generous salary of up to $90K
- Benefits package
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
