Commercial Credit Analyst - Equipment Finance

Fifth Third Bank; Chicago (IL); On-site; USD 54,000 - 112,000; Full time

Job summary

Fifth Third Bank in Chicago, IL is seeking a Commercial Credit Analyst - Equipment Finance to join our credit team. You will monitor credit excellence, prepare memos, and support underwriting with data-driven analysis.

The role requires a bachelor's degree in business and 2+ years in commercial banking, with strong analytical and Excel skills. You will collaborate with CCU and relationship managers and contribute to portfolio reviews.

Qualifications

• Bachelor's degree in Business, Finance, or Accounting.
• 2+ years of Commercial Banking experience.
• Strong analytical and financial modeling abilities.
• Knowledge of corporate banking products and regulations.
• Proficiency in Microsoft Office and banking systems.

Responsibilities

• Monitor Credit Excellence and collect financial statements for renewals and reviews.
• Prepare credit approval memos with descriptions, risks, and terms.
• Track covenants and run risk rating models.
• Support underwriting and collaboration with CCU and relationship managers.
• Produce portfolio reports and participate in portfolio reviews.

Skills

Bachelor's degree in Business

2+ years Commercial Banking

Financial modeling

Knowledge of banking products

Microsoft Office

Strong communication

Risk analysis

Education

Bachelor's degree in Business (e.g. Economics, Finance, or Banking)

Tools

Excel

Internal banking systems

Credit software

Job description

Make banking a Fifth Third better® We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

• Responsible for proactively monitoring Credit Excellence and initiating collection of financial statements for upcoming renewals and periodic reviews.
• Prepare succinct credit approval memos with minimal errors, including company and industry descriptions, key credit risks, historical analysis, base and downside case projection assumptions/rationale and terms and conditions.
• Complete ongoing portfolio monitoring, including covenant tracking, financial statement reviews, and run risk rating models.
• Identify and determine monitoring analysis activities required
• Verify covenants and define updates needed on ticklers
• Monitor covenant completion and track past due or out of compliance covenants and recommend appropriate course of action
• Responsible for understanding and evaluating completed spreads to determine necessary edits working in collaboration with the CCU teamworks to identify and resolve required edits or corrections
• Generate and provide various pipeline and portfolio reporting as needed to credit leadership, portfolio managers, underwriters, relationshipmanagersand others as needed.
• Prepare Criticized Period Reviews reports with oversight
• Responsible for running projection models with assumptions provided
• Responsible for completing underwriting process with limited oversight
• Prepares portfolio analysis and Portfolio Review materials
• Ensure accuracy, integrity, and timeliness of credit data across internal systems and reports
• Take appropriate action to resolve data, documentation, or analysis deficiencies and eliminate appropriately.
• Identify emerging risks or negative trends and elevate appropriately.
• Maintain a working knowledge of Bancorp credit policies, guidelinesand procedures.
• Perform Borrowing Entity PD Ratings and Obligation LGD Ratings.
• May assist with training and onboarding of new employees
• May support special projects or ad hoc analysis as assigned by management

Essential Duties And Responsibilities

• Responsible for proactively monitoring Credit Excellence and initiating collection of financial statements for upcoming renewals and periodic reviews.
• Prepare succinct credit approval memos with minimal errors, including company and industry descriptions, key credit risks, historical analysis, base and downside case projection assumptions/rationale and terms and conditions.
• Complete ongoing portfolio monitoring, including covenant tracking, financial statement reviews, and run risk rating models.
• Identify and determine monitoring analysis activities required
• Verify covenants and define updates needed on ticklers
• Monitor covenant completion and track past due or out of compliance covenants and recommend appropriate course of action
• Responsible for understanding and evaluating completed spreads to determine necessary edits working in collaboration with the CCU teamworks to identify and resolve required edits or corrections
• Generate and provide various pipeline and portfolio reporting as needed to credit leadership, portfolio managers, underwriters, relationshipmanagersand others as needed.
• Prepare Criticized Period Reviews reports with oversight
• Responsible for running projection models with assumptions provided
• Responsible for completing underwriting process with limited oversight
• Prepares portfolio analysis and Portfolio Review materials
• Ensure accuracy, integrity, and timeliness of credit data across internal systems and reports
• Take appropriate action to resolve data, documentation, or analysis deficiencies and elevate appropriately.
• Maintain a working knowledge of Bancorp credit policies, guidelinesand procedures.
• Perform Borrowing Entity PD Ratings and Obligation LGD Ratings.
• May assist with training and onboarding of new employees
• May support special projects or ad hoc analysis as assigned by management

Supervisory Responsibility

None

Minimum Knowledge, Skills And Abilities Required

• Bachelor's degree in Business (e.g. Business Administration, Finance, or Accounting)
• 2+ years of Commercial Banking experience.
• Sound Financial and risk analysis understanding, including the ability to develop financial models
• Extensive Knowledge of banking products and services
• Knowledge of corporate business structure and legal documents
• General knowledge of U.S. government and regulation
• Proficiency in internal banking applications
• Strong verbal and written communication skills
• Demonstrated strong problem-solving and analytical skills, with the ability to manage and prioritize multiple tasks while maintaining close attention to detail.
• Proficient in all Microsoft Office software

Commercial Credit Analyst - Equipment Finance

Total Base Pay Range 54,400.00 - 111,500.00 USD Annual

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

LOCATION -- Chicago, Illinois 60606

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.