Commercial Credit Analyst - Financial Institutions

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

Benefits offered by this job

Comprehensive benefits

Job summary

Fifth Third Bank in Chicago is seeking a Credit Analyst to underwrite and monitor commercial credits, draft approval documents, and support portfolio reviews.

You will work on financial modeling, risk analysis, covenant tracking, and prepare reports for leadership while adhering to risk appetite and regulatory requirements.

Qualifications

• Bachelor's degree required.
• 2+ years of Commercial Banking credit analysis experience.
• Sound financial and risk analysis, including 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 problem-solving and analytical skills with multitasking ability.
• Proficient in Microsoft Office software.

Responsibilities

• Monitor Credit Excellence and collect financial statements for renewals and reviews.
• Prepare succinct credit approval memos with risk analysis and terms.
• Conduct ongoing portfolio monitoring, covenant tracking and reviews.
• Identify required monitoring analyses and updates.
• Verify covenants and update ticklers as needed.
• Track covenants and advise actions for past due or noncompliance.
• Evaluate spreads and collaborate with CCU to resolve edits.
• Generate pipeline and portfolio reports for leadership and managers.
• Prepare Criticized Period Reviews reports.
• Run projection models with provided assumptions.
• Complete underwriting with limited oversight.
• Prepare portfolio analyses and Portfolio Review materials.
• Ensure data integrity across systems and reports.
• Escalate data or analysis deficiencies and emerging risks.
• Assist with training and onboarding; support special projects.

Skills

Credit analysis

Financial modeling

Microsoft Office

Written communication

Education

Bachelor's degree in Business

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.

GENERAL FUNCTION:

The Credit Analyst is primarily responsible for completing the daily duties of underwriting and monitoring credit while performing analytical activities and identifying risks or issues as needed. In addition, a Credit Analyst drafts credit approval documents and review memos for loans and other ancillary products. documents and prepare for credit reviews. The Credit Analyst is knowledgeable on financial and risk analysis and demonstrates proficiency in financial modeling.

The Credit Analyst is expected to build proficiency in underwriting, developing the ability to complete the underwriting process from beginning to end with limited oversight on increasingly complex credits. Additionally, the Credit Analyst will attend and support Portfolio Reviews as needed.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

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, relationship managers and 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 escal
• Identify emerging risks or negative trends and escal
• 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 credit analysis 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 - Financial Institutions

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 incentiv