Commercial Credit Analyst jobs in Illinois

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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Commercial Credit Analyst
  • ADVIA CREDIT UNION
  • Crystal, IL OTHER
  • Job Details

    Job Location:    Crystal Lake, IL
    Position Type:    Full-Time
    Salary Range:    Undisclosed
    Travel Percentage:    Up to 25%
    Job Shift:    Weekdays and Saturdays
    Job Category:    Commercial

    Description

    Employment Type: Full-Time, Hybrid#LI-HYBRID

     

    What you should know about the role

    This position is responsible for evaluating the financial statements and condition of commercial loan members applying for credit. Analyzes complex personal and corporate loan portfolio financial statements for loan risk rating and monitoring purposes on a single loan or relationship basis. Performs timely and accurate annual reviews to monitor credit quality and early identification of deterioration of credit quality. Analyzes such items as income, quality of management, market share, potential risks and collateral appraisal. Prepares loan presentations, which include credit analysis and a summary of the loan request. This is accomplished by providing outstanding service to both internal and external members as defined by living and demonstrating the core values of the credit union; Act with Integrity, Drive Progress, Build & Strengthen Relationships and Keep People at the Core.

     

    Major Duties and Responsibilities

    • Underwrites existing and prospective commercial client requests. Tasks consist of analytical review of all financial statements, comparison of the client’s historical financial performance with industry and competitor trends. Assesses collateral offered and its marketability to make certain the credit relationships meet internal policy guidelines and regulation standards.

    • Reviews and ensures commercial loan policy compliance throughout the commercial lending process, including the review of various reports and loan approval conditions.

    • Works closely with commercial lenders to fully understand the request, establishing and defining credit requirements and risk mitigation to make credit recommendations to the appropriate individual or committee based on credit analysis.

    • Utilizes and maintains credit analysis software.

    • Assist the department in training and sharing knowledge with Commercial Credit Analyst team members.

    • Assumes responsibility for establishing and maintaining effective communication, coordination, and working relations with Credit Union personnel and with management. This may include coordinating functions with related departments, providing support as needed, keeping management informed of area activities and of any significant problems, attending and participating in meetings and committees as required and completing required reports and records.

    • Reviews and helps recommend various reports and other loan approval conditions.

    • Assumes responsibility for establishing and maintaining effective and professional business relations with members and trade professionals. Answers questions and resolves requests. This may include assisting department personnel with administrative tasks as needed, and maintaining and protecting the Credit Union's professional reputation.

    • Periodically accompany Commercial Lenders on meetings with Commercial Members or at other business development events.

    • Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control. Additionally, all employees must follow policies and procedures to minimize risk by exercising judgment, raising questions to management, and adhering to policy guidelines.

    Qualifications


    Experience

    At least two years of Commercial Credit Analysis Experience. Minimum of two years of Commercial Lending experience. Knowledge of Credit Union lending and collections programs, policies, and procedures. Understanding of financial analysis and determination of credit worthiness. The candidate should have a clear understanding of general accounting principles as well as general knowledge of business, finance and economics. An advanced knowledge and understanding of multiple balance sheets and corporate entities with the ability to interpret all forms of financial data and instruments is needed for this role. Strong analytical abilities. Sageworks credit analysis software experience preferred. SBA experience preferred.

     

    Education/Certifications/Licenses

    A college degree.

     

    Interpersonal Skills

    A significant level of trust, credibility and diplomacy is required. In-depth dialogue, conversations and explanations with customers, direct and indirect reports and outside vendors can be of a sensitive and/or highly confidential nature. Communications may involve motivating, influencing, educating and/or advising others on matters of significance. Typically includes subject matter experts as well as first level to middle managers.

     

    Physical Requirements

    Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs. Must be capable of climbing / descending stairs in emergency situation. Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator. Must be able to routinely perform work on computer for an average of 6-8 hours per day, when necessary. Must be able to work extended hours whenever required or requested by management. Must be capable of regular, reliable and timely attendance.

     

    Working Conditions

    Must be able to routinely perform work indoors in climate-controlled shared work area with minimal noise.

     

    Mental and/or Emotional Requirements

    Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team. Must be able to read and carry out various written instructions and follow oral instructions. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace. Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising highest level of discretion on both internal and external confidential matters.

  • 7 Days Ago

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Credit Analyst (Commercial Underwriter)
  • Consumers Credit Union, Illinois
  • Forest, IL FULL_TIME
  • At Consumers Credit Union, we’re not just “The People in Your Corner,” we’re a certified Great Place to Work! We're currently looking for a Credit Analyst to join the Commercial Lending Team. Unlike o...
  • 15 Days Ago

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Commercial credit analyst
  • MJK Connections LLC
  • Crystal, IL FULL_TIME
  • Our client is an outstanding credit unionthat is looking to add a strong Commercial Credit Analyst to theirteam. This position is responsible for evaluatingthe financial statements and condition of co...
  • 3 Days Ago

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Commercial Credit Analyst II
  • Locus
  • Springfield, IL FULL_TIME
  • The Commercial Credit Analyst II will serve as a primary underwriter for Locus's real estate and small business lending activities in the Department of Underwriting. The position will support the Comm...
  • 14 Days Ago

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Commercial Credit Analyst
  • DevCare Solutions
  • Schaumburg, IL CONTRACTOR
  • Job Description: We're looking for commercial credit analysts with commercial cash flow experience who can articulate a business's financial performance and cash flow and appropriately mitigate red fl...
  • 17 Days Ago

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Indirect Credit Analyst
  • Credit Union 1
  • Lombard, IL FULL_TIME
  • Credit Union 1 is Recognized as a Chicago Tribune and Las Vegas Review-Journal Top Workplace 2023 We are excited to announce that Credit Union 1 has been recognized as a Chicago Tribune and Las Vegas ...
  • 13 Days Ago

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Commercial Credit Analyst
  • Heritage Financial Credit Union
  • Middletown, NY
  • Heritage Financial Credit Union is a member-owned financial institution that is committed to helping our members achieve...
  • 3/29/2024 12:00:00 AM

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Commercial Credit Analyst
  • Pacifica Continental
  • Miami, FL
  • Our client is looking for a Commercial Credit Analyst with a business developer profile to join their team in Florida. T...
  • 3/29/2024 12:00:00 AM

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Commercial Credit Analyst
  • Summit Funding Group, Inc.
  • Mason, OH
  • Summit Funding Group, a wholly owned subsidiary of First Financial Bancorp, located in Mason, OH, is looking for a full-...
  • 3/28/2024 12:00:00 AM

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Experienced Commercial Credit Analyst - Shenandoah Valley
  • FIRST BANK AND TRUST COMPANY
  • Staunton, VA
  • Job Description Job Description The First Bank and Trust Company is seeking an Experienced Commercial Credit Analyst to ...
  • 3/28/2024 12:00:00 AM

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Experienced Commercial Credit Analyst - Shenandoah Valley
  • FIRST BANK AND TRUST COMPANY
  • Harrisonburg, VA
  • Job Description Job Description The First Bank and Trust Company is seeking an Experienced Commercial Credit Analyst to ...
  • 3/28/2024 12:00:00 AM

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Commercial Credit Analyst
  • JCW
  • New York, NY
  • JCW is currently recruiting on behalf of a large bank that's looking to hire a Senior Auditor- Credit Risk for their gro...
  • 3/27/2024 12:00:00 AM

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Commercial Lender
  • Babich & Associates
  • Waxahachie, TX
  • Our customer, a Regional Bank, is looking for Business Development candidate for their commercial lending team. Our clie...
  • 3/27/2024 12:00:00 AM

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Credit Analyst I
  • Ledyard National Bank
  • West Lebanon, NH
  • Job Description Job Description Ledyard National Bank is seeking a Commercial Credit Analyst, responsible for supporting...
  • 3/25/2024 12:00:00 AM

Illinois (/ˌɪlɪˈnɔɪ/ (listen) IL-ih-NOY) is a state in the Midwestern and Great Lakes region of the United States. It has the fifth largest gross domestic product (GDP), the sixth largest population, and the 25th largest land area of all U.S. states. Illinois is often noted as a microcosm of the entire United States. With Chicago in northeastern Illinois, small industrial cities and immense agricultural productivity in the north and center of the state, and natural resources such as coal, timber, and petroleum in the south, Illinois has a diverse economic base, and is a major transportation hu...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Credit Analyst jobs
$54,072 to $70,792

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