SAG Credit Analyst

Fifth Third Bank • Kentwood, MI

1d • Onsite

About The Position

The Credit Analyst I is primarily responsible for partnering with Portfolio Managers, supporting the daily duties of underwriting and monitoring credit while performing analytical tasks as needed. In addition, a successful Credit Analyst I will be able to prepare documents and utilize various reporting tools to identify portfolio management activities and make recommendations to Portfolio Managers. The Credit Analyst I is knowledgeable on financial and risk analysis and demonstrates proficiency in financial modeling. Critical thinking skills are required for a Credit Analyst I, in addition to flexibility, a desire to learn, and an ability to work with numerous internal partners and build relationships. Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Requirements

• Bachelor's degree in Business (e.g. Business Administration, Finance, or Accounting)
• 0-2 years of Commercial Banking experience.
• Financial and risk analysis understanding, including the ability to develop financial models
• Knowledge of banking products and services
• Awareness of corporate business structure and legal documents
• General knowledge of U.S. government and regulation
• Strong verbal and written communication skills
• Demonstrated expertise in using effective problem solving and analytical skills with ability to handle and prioritize multiple tasks
• Proficient in all Microsoft Office software

Nice To Haves

• Knowledge of the local or regional market preferred, but not required
• Knowledge of internal banking applications preferred, but not required

Responsibilities

• Partner with Portfolio Managers in credit and underwriting, performing analytical tasks as needed
• Use critical thinking to identify and draft documentation
• Responsible for regularly completing indicative credit information into Banking Systems with little to no errors
• Responsible for preparing risk-rating scorecard and tickler event analysis and determining actions based on results working in collaboration with PM's
• Responsible for developing risk models and advising PMs of unforeseen obstacles that may impede meeting client expectations
• Identify and determine monitoring analysis activities required
• Verify covenants and define updates needed on ticklers
• Monitor covenant completion and track past due or out of compliance covenants and recommend appropriate course of action
• Responsible for assessing covenant compliance reporting and identifying issues
• Accountable for updating financial covenants and calculations as needed
• Run Probability of Default (PD) model with oversight
• Responsible for understanding and evaluating completed spreads to determine necessary edits working in collaboration with the CCU team
• Responsible for identifying and recommending preliminary portfolio management actions using Credit Service reporting and RADAR with some oversight
• Support Portfolio Managers and special projects
• Takes appropriate remedial actions to resolve deficiencies and escalates questions/disputes to appropriate level when necessary.
• May assist with training of new employees.
• May work on special projects as assigned by management.

Benefits

• Comprehensive benefits
• Differentiated compensation offerings
• Incentive compensation plan
• Extensive benefits programs designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.

What This Job Offers

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