Commercial Credit Analyst jobs in Grand Rapids, MI

Commercial Credit Analyst collects, reviews, and analyzes data to prepare a detailed credit analysis that evaluates the terms and creditworthiness of commercial loan applications. Uses multiple sources of information, including financial statements, collateral appraisals, credit scores, and cash flow analysis, to assign risk ratings to loans and complete an analysis of the applicant's financial status. Being a Commercial Credit Analyst calculates debt-to-income (DTI) ratios to evaluate an applicant's ability to repay the loan. Prepares credit memos in a standardized format that includes key ratios, supporting information, an executive summary, and objective recommendations. Additionally, Commercial Credit Analyst presents credit reports to loan officers and loan committees. Requires a bachelor's degree. Typically reports to a supervisor or manager. The Commercial Credit Analyst work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Commercial Credit Analyst typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)

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Credit Analyst
  • Mill Steel Company
  • Grand Rapids, MI FULL_TIME
  • What We Offer!

    • Team oriented environment
    • Pet friendly workplace
    • Onsite Free Chiropractic care
    • MVP Sports Corporate Program
    • Supplier Discount Program
    • Hands on business experience
    • Competitive starting salary
    • 401k 25% match on the first 8% contribution to help you start or continue saving towards your retirement goals
    • Team oriented environment and more!
    • Awarded “National Best & Brightest Companies To Work For” 10 consecutive years running (2010 – 2020)
    • Awarded “National Best & Brightest Elite Winner”:
    • 2010 - Elite Winner in Recognition & Retention
    • 2016 - Elite Winner in Community Initiatives
    • 2017 - Elite Winner in Recruitment, Selection & New Employee Orientation
    • 2020 - Elite Winner in Communication & Shared Vision

    Job Description: The Credit Analyst is responsible for providing a premium experience in service to our new and existing customers while maintaining a responsible cost structure to Mill Steel’s financial success as a service center. The right candidate will be passionate about generating a positive experience outwards to our new and existing customers and coordinating with other departments throughout Mill Steel to provide the successful set up and ongoing maintenance of customer accounts to ensure exceptional delivery of product.

    Duties and Responsibilities:

    • Create and maintain credit profiles for new and existing customers
    • Run credit reports and perform credit reference requests
    • Collect and resolve aged balances while maintaining customer relationships
    • Request and perform financial statement reviews for customers
    • Negotiate and set customer terms and credit limits to maximize sales potential
    • Effectively manage relationships between internal departments and customers to reconcile discrepancies as needed
    • Ensure customer accounts are managed within credit insurance policies and agreements
    • Manage 100 customer portfolio and maintain target DSO regularly
    • Analyze existing accounts to identify risk and payment delays
    • Effectively manage cross departmental relationships to meet business goals

    Qualifications:

    • Bachelor’s Degree in business related field ( Finance, Accounting, Etc.. ) preferred
    • Familiarity with financial statements
    • Experience with commercial trade credit preferred
    • Exceptional speaking and communication skills required
    • Sense of humor!

    Mill Steel Company is a family owned, Flat-Rolled Steel Service Center founded in 1959. The company’s success has been driven by its long-term status as a preferred supplier of high-quality steel to automakers and their suppliers across North America as well as customers in the appliance, agricultural equipment, homebuilding and office furniture industries. Mill Steel has production facilities in Grand Rapids and Melvindale, Michigan, Birmingham, Alabama, Jeffersonville, Indiana, Houston, Texas and the newest location, Mansfield, Ohio. Our main corporate headquarters is in Grand Rapids, Michigan.

    This employer participates in E-Verify. Federal law requires all employers to verify the identity and employment eligibility of all persons hired to work in the United States.

    Job Type: Full-time

    Pay: From $45,000.00 per year

    Benefits:

    • 401(k)
    • 401(k) matching
    • Dental insurance
    • Health insurance
    • Health savings account
    • Life insurance
    • Paid time off
    • Parental leave
    • Retirement plan
    • Vision insurance

    Schedule:

    • Day shift
    • Monday to Friday

    Experience:

    • commercial trade credit: 1 year (Preferred)
    • balance collection: 1 year (Preferred)
    • financial statement: 1 year (Preferred)

    Ability to Relocate:

    • Grand Rapids, MI 49546: Relocate before starting work (Required)

    Work Location: Hybrid remote in Grand Rapids, MI 49546

  • 25 Days Ago

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Credit analyst
  • Gpac
  • Holland, MI FULL_TIME
  • Commercial Credit Analyst Qualifications : POSITION SUMMARY : The Commercial Credit Analyst will support the lenders in underwriting requests for credit extensions to new and existing commercial clien...
  • 2 Months Ago

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Commercial Credit Intern
  • Macatawa Bank Careers
  • Holland, MI INTERN
  • POSITION SUMMARY: During this internship you will learn all the skills of a Credit Analyst I through on the job experience. This position will consist of the following functions; Review and analyze fi...
  • Just Posted

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Vice President Commercial Lender
  • Lake Michigan Credit Union
  • Grand Rapids, MI FULL_TIME
  • Job Summary: The Vice President Commercial Lender role is responsible for relationship and commercial loan portfolio growth through both existing and new customer relationships. The VP Commercial Lend...
  • Just Posted

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Commercial Credit Underwriter I-II
  • Bank of America
  • Grand Rapids, MI FULL_TIME
  • Job Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we...
  • 1 Month Ago

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Senior Credit Analyst
  • UNITED BANK OF MICHIGAN GROUP
  • Grand Rapids, MI OTHER
  • Job Details Job Location: Corporate Office - Grand Rapids, MI Position Type: Full Time Regular Salary Range: $48,000.00 - $55,000.00 Salary DescriptionAnalyze financial statements & related materials....
  • 20 Days Ago

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0 Commercial Credit Analyst jobs found in Grand Rapids, MI area

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Senior Manager, Information Security Office (ISO) Consultant
  • Capital One
  • Grand Rapids, MI
  • Center 3 (19075), United States of America, McLean, Virginia Senior Manager, Information Security Office (ISO) Consultan...
  • 4/25/2024 12:00:00 AM

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Cost Estimating Manager (Grand Rapids or Holland)
  • Gns North America Inc.
  • Grand Rapids, MI
  • Please note that this position could be located in Grand Rapids, MI or Holland, MI COMPANY BACKGROUND/CULTURE GNS Automo...
  • 4/25/2024 12:00:00 AM

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Senior Tax Accountant
  • Kelly Services
  • Grand Rapids, MI
  • Job Description Job Description Job searching is a lot better with someone in your corner. Hi—enter us, and this job! Ke...
  • 4/25/2024 12:00:00 AM

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Tax Manager
  • H&S Companies, CPAs & Business Advisors
  • Grand Rapids, MI
  • Join our team of motivated and authentic professionals at one of the largest Michigan based CPA firms! At H&S Companies,...
  • 4/24/2024 12:00:00 AM

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National Commercial Real Estate Credit Analyst I
  • Fifth Third
  • Grand Rapids, MI
  • National Commercial Real Estate Credit Analyst I page is loaded National Commercial Real Estate Credit Analyst I Apply l...
  • 4/23/2024 12:00:00 AM

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Cost Estimating Manager (Grand Rapids or Holland)
  • GNS North America, Inc.
  • Grand Rapids, MI
  • **Please note that this position could be located in Grand Rapids, MI or Holland, MI** COMPANY BACKGROUND/CULTURE GNS Au...
  • 4/23/2024 12:00:00 AM

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Server
  • Red Robin Gourmet Burgers
  • Grand Rapids, MI
  • Front of House Team Members**Red Robin** isn't your typical burger restaurant. We're a team filled with unbridled energy...
  • 4/21/2024 12:00:00 AM

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Controller
  • Commercial Tool Group
  • Comstock Park, MI
  • Commercial Tool Group (CTG), located in Comstock Park, Michigan, is comprised of four legal entities: Commercial Tool & ...
  • 4/21/2024 12:00:00 AM

Grand Rapids is the second-largest city in Michigan, and the largest city in West Michigan. It is on the Grand River about 30 miles (48 km) east of Lake Michigan. As of the 2010 census, the city population was 188,040. In 2010, the Grand Rapids metropolitan area had a population of 1,005,648, and the combined statistical area of Grand Rapids-Muskegon-Holland had a population of 1,321,557. Grand Rapids is the county seat of Kent County. A historic furniture-manufacturing center, Grand Rapids is home to five of the world's leading office furniture companies, and is nicknamed Furniture City. Its ...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Credit Analyst jobs
$51,168 to $66,998
Grand Rapids, Michigan area prices
were up 1.3% from a year ago

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