Credit Analyst

JOB DESCRIPTION

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.

Essential Duties and Responsibilities:

• Collect, spread and analyze financial statements and credit data to determine the overall risk associated with a specific loan.
• The analyst will be required to work with Loan Officers and Portfolio Managers to ensure that all pertinent financial information has been collected, spread and analyzed.
• The analyst will also assist in overall structure of the loan and will be required to make recommendations to mitigate risks of specific loan transactions.
• The analyst will utilize various financial ratios to determine strengths and weaknesses of a specific credit. Analyst should have working knowledge of cash flow, liquidity, working capital, profitability and leverage ratios.
• The analyst will need to be able to determine positive and negative trends when comparing current and historical financial statements
• Understanding of different accounting methods and financial statement preparations
• The analyst will be required to 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.
• The analyst will need to utilize third party vendor reports to support underwriting recommendations and decisions. The analyst will need to utilize appraisal reports, environmental reports, submarket reports in addition to others.
• The analyst will be required to analyze various lease types including but not limited to: gross leases, modified-gross leases and NNN leases.
• The analyst will be required to determine different types of appraisals and is expected to understand the difference between the various appraisal types.
• Analyst will be required to spread and review construction draw requests. The analyst will need to determine cost overruns of a construction project, equity requirements and general progression of a construction project.
• The analyst will be required to spread and analyze personal financial statements, tax return and credit reports of individuals.
• The analyst will be required to complete global cash flow analysis on specific individuals. The analyst will be required to have an understanding of sole-proprietorships, passive entities and non-passive entities. The analyst should have an understanding of K-1s and ancillary entity tax returns.
• The analyst will be required to verify individual liquidity and should have a thorough understanding of personal liquid assets, marketable assets and non-marketable assets.
• The analyst will be required to determine the total bank exposure and total bank guarantee for specific individuals.
• The analyst will be required to have an in-depth knowledge and understanding of the bank’s loan policy.
• Prepare summary reports that highlight the strengths and weaknesses of specific loan transactions.
• The analyst will be required to 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.

Qualifications:

• 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.

Education and Experience
Bachelor Degree in Accounting, Finance or related field; preferably one to two years’ related experience.

JOB SNAPSHOT

Employee Type:

Full-Time
Location:

Park Ridge, IL
Job Type:

Other
Experience:

Not Specified
Date Posted:

5/6/2024
Job ID:

385350
Remote

No