Credit Analyst

Bank Of Springfield; Springfield (IL); On-site; USD 45,000 - 55,000; Full time

Job summary

Bank Of Springfield in Springfield, IL is seeking a Credit Analyst to assess creditworthiness for loan applicants and monitor risk across the portfolio.

The role involves analyzing financial data, reviewing documentation, and ensuring compliance with loan covenants, with salary between $45,000 and $55,000 plus potential bonuses and benefits.

Qualifications

• Bachelor’s degree in business, finance or accounting is required.
• Excellent communication and customer service skills.
• Ability to multi-task and adapt to change.
• Knowledge of Microsoft Office products (Excel, Word and Outlook).
• Ability to assume responsibility, excellent problem solving skills and exercise good judgment.

Responsibilities

• Analyzes complex financial standing of customers and prospects.
• Forecasts trends based on detailed financial and industry data.
• Uses a variety of source material to analyze and recommend courses of action with regard to a customer's credit portfolio.
• Identify potential problems and weaknesses of a company by virtue of analytical expertise in examining spreads.
• Assures compliance with loan conditions, collateral and financial covenant requirements.
• Maintains a tracking system and customer/covenant records.
• Other duties as assigned.

Skills

Communication

Customer service

Multi-tasking

Problem solving

Judgment

Microsoft Office

Education

Bachelor’s degree in business/finance/accounting

Tools

Microsoft Office

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Credit Analyst

Full Time Springfield, IL, US

16 days ago Requisition ID: 1544

Salary Range: $45,000.00 To $55,000.00 Annually

Credit Analyst

About the Role

As a Credit Analyst, your main responsibility will be to assess the creditworthiness of individuals and businesses applying for loans. You will analyze financial data, review loan documentation, and evaluate the overall credit risk. By conducting thorough credit analysis, you will help the organization make informed decisions regarding loan approvals and terms. Your expertise in credit management and financial statement analysis will be crucial in identifying potential risks and ensuring the organization's loan portfolio remains healthy. Ultimately, your role will contribute to the organization's financial stability and growth.

Essential Duties and Responsibilities

• Analyzes complex financial standing of customers and prospects.
• Forecasts trends based on detailed financial and industry data.
• Uses a variety of source material including outside analyst's reports to analyze and recommend courses of action with regard to a customer's credit portfolio.
• Identify potential problems and/or weaknesses of a company by virtue of a high level of analytical expertise in examining spreads.
• Assures compliance with loan conditions, collateral and financial covenant requirements.
• Utilizes and maintains a tracking system.
• Maintains customer files, covenant compliance records and other required internal records.
• Other duties as assigned.

Qualifications

• Bachelor’s degree in business, finance or accounting is required.
• Previous credit experience is preferred but not required.
• Excellent communication and customer service skills.
• Ability to multi-task and adapt to change.
• Knowledge of Microsoft Office products (primarily Excel, Word and Outlook).
• Ability to assume responsibility, excellent problems solving skills and exercise good judgment making decisions.

The salary range for this position is $45,000.00- $55,000.00/year, depending on experience and qualifications. In addition to the base salary, compensation may include bonuses, benefits, and other incentives.