Commercial Credit Analyst II

Republic Bank Of Chicago; Illinois; On-site; USD 78,000 - 85,000; Full time

Benefits offered by this job

Competitive salary

Generous PTO

Health, dental, and vision insurance

401k with discretionary matching

Childcare assistance

Parental Leave

Disability coverage

Life and AD&D insurance

Mental health benefits including Headt

Headspace app

Employee Assistance Program

Job summary

Republic Bank of Chicago seeks a Commercial Credit Analyst to underwrite and evaluate commercial real estate and C&I loan requests. You will collaborate with the Commercial Lender or Team Leader on due diligence for middle market clients.

The role involves preparing detailed financial analyses, including cash flow models and collateral evaluations, to identify credit risks and support sound lending decisions.

Qualifications

• Bachelor's degree in Business, preferably Accounting or Finance.
• Strong analytical and qualitative analysis skills.
• Excellent oral and written communication skills.
• MS Word, Excel and Outlook proficiency.
• Strong organizational skills and internet literacy.
• Experience with Sageworks is a plus.

Responsibilities

• Prepare quality, detailed financial analysis including cash flow models and collateral evaluations to identify credit risks.
• Evaluate complex financial statements to support credit reviews.
• Make recommendations consistent with banking practices to minimize risk.
• Ensure loan requests adhere to bank policies and procedures.
• Communicate with Commercial Lender or Team Leader to monitor loan portfolios.

Skills

Qualitative analysis

Oral & written communication

Organizational skills

Internet skills

Sageworks

Education

Bachelor's degree in Business (Accounting or Finance preferred)

Tools

MS Word

MS Excel

MS Outlook

Job description

GENERAL FUNCTION

The Commercial Credit Analyst is responsible for the underwriting and evaluation of commercial real estate and commercial & industrial loan requests. This individual will collaborate with the Commercial Lender or Team Leader on due diligence of credit requests, specifically for middle market clients.

Essential Duties And Responsibilities

• Responsible for the preparation of quality, detailed financial analysis including cash flow models and collateral evaluations in order to identify potential credit risks.

• Capable of evaluating complex financial statements to spread and analyze in order to prepare a credit review.
• Make recommendations in accordance with sound banking practices in order to minimize risk exposure.
• Ensure commercial loan requests adhere to bank policies and procedures.
• Effectively communicate and partner with the Commercial Lender or Team Leader to assist with monitoring of the loan portfolio.
• May participate in on-site client meetings with the Commercial Lender or Team Leader.
• Assist with outgoing communication of the credit/ loan review function.
• Review and monitor working capital draws.
• Maintain month-end Board of Director reports.
• Completion of special projects as required by senior management and other additional responsibilities as requested.

Supervisory Responsibilities

None

Expectations

• Knowledge of finance, accounting, and credit analysis concepts.
• Capacity to work within a fast paced and proactive environment while adding value to our clients.
• Knowledge of commercial business, construction, and commercial real estate lending.
• Capable of taking ownership of personal development/ performance and ability to work independently.
• Prepare loan presentations accurately and in a timely manner.
• Have read, understand and know the Bank’s Lending Policy.
• Some contact with customers, conducting relationships in a professional manner that will enhance the overall marketing effort of the bank.

Minimum Knowledge, Skills And Abilities Required

• Completed Bachelor’s degree in Business, preferably Accounting or Finance
• Qualitative analytical skills
• Excellent oral and written communication skills
• Knowledge of MS Suite of Products (Word, Excel, and Outlook)
• Strong organizational skills
• Internet skills
• Sageworks

Additional Responsibilities

Every employee of Republic Bank is responsible for knowing and practicing Bank Secrecy Laws (AML/CIP/SAR/CTR/OFAC), the USA Patriot Act, and other related regulations as they relate to their specific job function. Training will be provided during your Introductory Period and annually thereafter. If you need additional training, you are responsible for contacting your immediate supervisor.

What We Offer

As part of our commitment to your physical, emotional, and financial wellbeing, we proudly provide a comprehensive benefits package, which includes:

• A competitive salary range estimated at $78,000 - $85,000 annually for this position. (Final compensation may vary based on experience, skills, and qualifications)
• Generous Paid time Off (PTO) to help you rest, recharge, and take care of what matters most
• Health, dental, and vision insurance with tax-advantaged FSA and HSA account options
• Retirement benefits including 401k plan with discretionary matching contributions.
• Childcare assistance program to support working parents and their eligible dependents
• Parental Leave for both primary and secondary caregivers
• Short-term and long-term disability coverage for long-term income security
• Basic Life and AD&D insurance with elective additional coverage for you, your spouse, or children
• Mental health & wellness benefits including bank-paid Headspace meditation app subscription and access to our Employee Assistance Program

Working Conditions

• Normal office environment with little exposure to dust, noise, temperature and the like.
• Requires manual dexterity sufficient enough to operate office machines such as computers, fax machines, calculators, telephones, and other office equipment.
• Extended viewing of CRT screen.
• Moderate lifting up to 50 pounds.
• Repetitive hand and arm movement.
• May require excessive sitting, standing, bending and reaching.
• Normal range of hearing and vision.
• Must be able to drive/have transportation.

We look forward to working with you and to the contributions you will make to Republic Bank of Chicago, as well as the opportunity to provide you with professional growth. However, we recognize that you retain the option, as does Republic Bank of Chicago, of ending your employment with us at any time, with or without notice and with or without cause. As such, your employment with Republic Bank of Chicago is at-will and neither this job description nor any other oral or written representations may be considered a contract for any specific period of time.