Corporate Commercial Credit Analyst II

Statebankofarthur; Springfield (IL); On-site; USD 50,000 - 59,000; Full time

Benefits offered by this job

Life insurance

AD&D insurance

Long-Term Disability

Vacation days

Personal days

Paid holidays

Job summary

Morton Community Bank is seeking a Credit Analyst to assess credit risk for commercial lending. The role involves analyzing borrower financials, preparing spreads, and presenting findings to lenders and loan committees.

You will support management in evaluating loan requests, ensure policy compliance, and assist with covenant and monitoring activities. A strong background in finance and banking is essential.

Qualifications

• Bachelor’s degree in Finance, Accounting, Economics, or a related financial field or commensurate banking experience.
• Excellent written and verbal communication skills.
• BSA and other Bank-related training through BAI is required annually.

Responsibilities

• Evaluate the financial information and credit data to determine the risk of lending money to the industry and principles.
• Determine if the loan structure complies with bank/regulatory policy and loan request suitability.
• Prepare financial statement spreads using the bank’s preferred software and quantifying debt service abilities.
• Prepare in-house spreadsheets to quantify borrower's debt service abilities (personal, global, real estate).
• Provide narrative analysis and recommendations to lenders; communicate loan requests with lenders.

Skills

Communication skills

Analytical thinking

Education

Bachelor’s degree in Finance/Accounting/Economics or commensurate experience

Job description

• Pay or shift range: $36.32 USD to $43.26 USD
  The estimated range is the budgeted amount for this position. Final offers are based on various factors, including skill set, experience, location, qualifications and other job-related reasons.

Description

Make the change and be the difference. Take ownership at Clock Tower Community Bank, a division of Morton Community Bank!

Established in 1960 with just one location in Morton, IL, Morton Community Bank (MCB) has grown to over 550 employees, 50 branch locations and over $5 billion in assets! We pride ourselves on our dedicated service to our customers and our communities, while placing much value on our internal assets, our employees. Each MCB employee OWNS a portion of the bank with our ESOP (Employee Stock Ownership Plan). The ESOP has proven to be a substantial benefit to employees upon retirement.

Pay or shift range: $36.32/hour to 43.26/hour

The estimated range is the budgeted amount for this position. Final offers are based on various factors, including skill set, experience, location, qualifications and other job-related reasons.

Enjoy the Benefits of working at MCB!

Life and AD&D Insurances and Long-Term Disability, Vacation Days, Personal Days, and Paid Holidays.

Job Summary

Assess the risk of extending credit to both individuals and other businesses based on their credit profiles. Assist management and lenders in evaluating commercial loan requests by analyzing repayment capacity, preparing spreadsheets, summaries, and opinions for Lenders/Management, and preparing presentations to bank loan committees.

Essential Duties & Responsibilities

• Evaluate the financial information and credit data to determine the risk associated with lending money to the industry and principles
• Determine if the loan structure is compliant with bank and/or regulatory policy and if it is appropriate for the loan request
• Prepare financial statement spreads using the Bank’s preferred financial statement analysis software
• Prepare in-house spreadsheets designed to quantify borrower's personal, global, and real estate debt service abilities
• Compare credit histories, liquidity, and profitability of companies being evaluated with similar companies in the same industries and locations
• Prepare narrative analysis of findings and recommendations for lenders
• Communicate with Lenders about the loan requests and any questions that must be answered prior to submission.
• Assist with financial covenant compliance, borrowing base compliance, and floor plan agreements monitoring as requested
• Train and mentor Credit Analysts I
• May assist, coordinate, and attend loan committee
• Complete required BSA/AML training and other compliance training as assigned
• Ability to work in a constant state of alertness and in a safe manner
• Perform any other related duties as required or assigned

Supervisory Requirements

Personnel Management: This position has no supervisory responsibilities.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• The physical activities of this position may include climbing, reaching, standing, lifting, talking, hearing, and performing repetitive motions
• Medium exertion: exerting up to 50 pounds of force occasionally, and or up to 20 pounds of force frequently, and or up to 10 pounds of force constantly to move objects
• The worker is required to have close visual acuity to perform an activity such as: preparing and analyzing data and figures; viewing a computer terminal

Work Environment

The work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• The noise level in the work environment is usually moderate
• Employees, who work 7 ½ continuous hours or more, must take a 30-minute uninterrupted lunch break no later than 5 hours after beginning their workday

Education and Qualifications

Essential:

• Bachelor’s degree, preferably in Finance, Accounting, Economics, or a related financial field OR commensurate years of experience within the banking industry with strong aptitude for financial credit analysis
• Excellent written and verbal communication skills
• BSA and other Bank related training through BAI is required annually

Desirable:

Experience

Essential:

• Minimum of three (3) years’ experience in credit analysis within banking industry or related field
• Knowledge of customer service principles
• Relevant computer skills

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.