Job Overview
We are seeking a dynamic and detail-oriented Commercial Credit Analyst to join our financial services team. In this role, you will evaluate the creditworthiness of business clients, analyze financial data, and assist in the underwriting process to support sound lending decisions. Your expertise will help mitigate risk, optimize portfolio performance, and ensure compliance with regulatory standards. This position offers an exciting opportunity to apply your financial analysis skills in a fast-paced environment dedicated to fostering growth and stability within our client base.
Duties
- Handle commercial and industrial and commercial real estate deals by reviewing loan applications and conduct comprehensive analysis of the subject company’s operating statements and balance sheets, rent rolls and/or leases; use computer spreadsheet software for evaluation; review real estate appraisals; assess liquidity, quality of management, strength of the guarantor, market position, and overall business climate to estimate future profitability of customer in order to assess customer’s credit worthiness.
- Conduct comprehensive credit analysis by collecting and reviewing financial statements, tax returns, and other relevant data to assess client risk profiles.
- Actively participate in the credit approval process through daily interaction with Loan Officers and Senior Management, resulting in the preparation of a written credit presentation for approval.
- Perform various departmental functions, including loan covenant monitoring, risk rating, stress testing and audit preparation.
- Prepare clear, concise financial reports and recommendations for senior management to facilitate informed decision-making.
- Maintain and expand the Credit Underwriting Department’s systems, processes, procedures and software products to enhance and promote efficient and accurate credit analysis and recommendations.
- Manage, administer, and participate in special projects that improve the lending function as well as standardizing lending function guidelines.
- Provide quality customer service to all internal and external stakeholders.
- Conduct relationships in a manner that will enhance the overall image of the Bank
- Other duties as deemed appropriate.
Qualifications
- Bachelor's degree in Accounting or Finance required.
- Two years of related experience in lending or commercial credit underwriting or related roles within banking or financial services.
- Strong understanding of financial concepts such as risk analysis, cash flow analysis, and financial modeling techniques.
- Ability to interact professionally and tactfully with employees at all levels within the organization.
- Knowledge of loan processing, underwriting procedures, mortgage servicing, and portfolio management practices.
- Excellent written and verbal communication skills; decision-making skills and sensitivity when dealing with confidential information.
- Ability to interpret complex financial data accurately while maintaining attention to detail.
- Strong computer skills, including Internet Explorer and Microsoft Office Suite.
Join us in this vital role where your expertise will directly impact our clients’ success while advancing your career in a vibrant, growth-oriented environment!
International Bank of Chicago is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sexual orientation, gender identity, disability, protected veteran status or any other characteristic protected by state, federal, or local law.
Pay: $68,000.00 - $70,000.00 per year
Benefits:
- 401(k)
- 401(k) 4% Match
- Dental insurance
- Employee assistance program
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Referral program
- Vision insurance
Application Question(s):
- • Strong understanding of financial concepts such as risk analysis, cash flow analysis, and financial modeling techniques.
- Excellent written and verbal communication skills; decision-making skills and sensitivity when dealing with confidential information.
- Ability to interpret complex financial data accurately while maintaining attention to detail.
- Strong computer skills, including Internet and Microsoft Office Suite.
Education:
Experience:
- commercial credit underwriting: 4 years (Required)
Ability to Commute:
- Chicago, IL 60640 (Required)
Work Location: In person
