A Chicago based bank which positions itself as a unique financial services bridge for Hispanic-Americans, with the ultimate goal of helping individuals and families seamlessly enter the arena of modern American banking is currently looking for energetic SR Credit Analyst to join their team in the Chicago Metropolitan Area, Illinois.
Perform analysis of business, SBA, commercial real estate, and C&I loan requests. Analysis to be based upon market conditions, business financial statements, site inspection, appraisal, income and expense reports, borrower creditworthiness, environmental assessment, as well as general market and economic conditions.
Must be comfortable making loan presentations at the Officer Committee level and must possess the written skills to prepare presentations which clearly outline the proposed transaction including both the strengths and weaknesses of the proposal.
Principal Responsibilities and Duties:
Be knowledgeable about all products being offered (including SBA products) and the respective underwriting guidelines;
Possess a clear understanding of regulations, rules and requirements for the commercial lending industry, SBA rules and regulations, and applicable banking regulations;
Keep abreast of developments and trends in the local real estate and business market;
Spread and analyze financial statements; conduct credit investigations; study and evaluate the information and prepare written reports for the lender;
Prepare formal written loan presentations for new and renewed loans and present to the officer’s loan committee;
Assist in the preparation of monthly and quarterly reports;
Prepare the necessary loan documentation for new and renewed commercial loans;
Order appraisals and environmental reports and assist in the review function of these reports for the Bank; Maintain and update third party files, as needed.
Assist in the management and evaluation of problem credits;
Monitor and report on commercial compliance issues;
Assist commercial loan officers as requested;
Perform various tasks outside of the scope of abovementioned duties as needed, including compliance with BSA/Compliance regulations
Bachelors degree preferred
3 years of credit analyst experience with a financial services firm, with background in SBA loan requests is preferred.
Minimum of three or more years of experience in commercial real estate, accounts receivable, inventory and equipment lending
Have a thorough understanding of products
Knowledge of principles of credit, income, appraisal and underwriting documentation guidelines
Commercial real estate, marketing and /or credit experience is required
Demonstrate proven abilities to multi-task in a fast paced sales environment, working independently using sound business judgment while fostering profitable business relationships
Superior interpersonal, communication, planning, leadership, marketing and sales skills
Ability to travel to meet customers and the flexibility to work in the evenings
Use of laptop PC’s