Our growing community bank located in Northbrook, IL is looking for a Credit Analyst to join our team. The ideal candidate will have a friendly personality with a focus on being detailed orientated. He or she should understand the role that smaller banks serve in the community. The Credit Analyst is responsible for reviewing creditworthiness of businesses/individuals and determining the risk involved in lending money or extending credit for the bank’s Commercial and SBA Lending divisions. Loans are underwritten in accordance with the loan policy of the bank, the OCC, FDIC and the SBA policies and procedures. Potential career paths could include Portfolio Manager within the company.
Essential Duties & Responsibilities:
Analyzes credit data and financial statements of individuals and businesses to identify the degree of risk involved in lending money or extending credit.
Prepare initial memorandum of potential loans for Chief Credit Officer and Senior Management to determine if we will move forward with a proposal and ultimately to full underwriting.
Assist with structuring loans.
Communicate effectively with Bankers and Borrowers to obtain the information necessary to underwrite.
Work with multiple loan files in various stages of completeness to move them towards approval.
Interact with the borrower to ensure all items are needed for a complete package.
Collaborate with the loan officer and the customer to answer any additional questions.
Loan Portfolio Management:
Maintain ongoing credit training.
Prepare annual loan file reviews.
Monitor the loan policy exception report with review and quarterly updates.
Assist portfolio managers in maintaining the loan portfolio and managing all ticklers and exceptions.
Knowledge and use of Microsoft Word and Excel
Excellent interpersonal and communication skills
Bachelor’s Degree in Finance, Math or Economics
Minimum of 2 years of commercial underwriting experience