Credit Analyst - To 85K - Des Plaines, IL - Job 3594
About The Position
The Symicor Group is a boutique talent acquisition firm that specializes in providing top-tier banking and accounting talent. This specific role is for a Credit Analyst position with a bank client located in the Des Plaines, IL area. The Credit Analyst will be responsible for analyzing financial statements and other relevant factors to assess the creditworthiness of new commercial credit requests, identifying and mitigating key risks. The role involves presenting findings and recommendations in concise written reports, focusing on cash flow, ability to repay, collateral evaluation, and appropriate structure and terms. Additionally, the Commercial Credit Analyst will perform ongoing reviews of the financial condition of existing commercial borrowers. The position offers a salary of up to $85K and a benefits package. It 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.
- 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
- Generous salary of up to $85K
- Benefits package
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
