Credit Analyst

Commerce Bank; St. Louis (MO); On-site; USD 37,000 - 49,000; Full time

Benefits offered by this job

Health insurance

401(k)

Paid vacation

Paid personal time

Career development

Education assistance

Job summary

Commerce Bank in St. Louis, MO seeks a Credit Analyst to analyze commercial credits and prepare Credit Approval Summary packets for loan committees across East Region markets. You’ll work with bankers and portfolio managers on financial statements, cash flow, and loan structuring.

The role develops credit analysis skills in a collaborative setting, with exposure to Moody’s CreditLens, loan documentation, and bank systems. Requires a Finance/Accounting background and 1+ year related experience.

Qualifications

• Basic to intermediate knowledge of financial concepts and financial statements.
• Understanding of cashflow, leverage and debt service coverage.
• Familiarity with loan structure and risk mitigation techniques.
• Proficiency with Moody’s CreditLens is a plus.
• Detail-oriented, organized and able to manage priorities.
• Strong written and verbal communication and teamwork.

Responsibilities

• Prepare Credit Approval Summary packets (minimal to moderate complexity) manually and through Moody’s CreditLens.
• Prepare financial statement spreads and other credit-related items as needed.
• Perform basic to moderate financial analysis on diverse industries for loan requests.
• Research loan documentation and understand bank systems.
• Submit work for feedback and analysis and share knowledge during training.
• Assist with pricing worksheets for loan and relationship profitability.
• Support loan committee secretary functions and other duties as assigned.

Skills

Financial concepts

Cashflow

Debt service coverage

Communication

Teamwork

MS Office

Education

Bachelor’s degree in Business / Finance or Accounting

6 credit hours Accounting

9 credit hours Finance

1+ year credit/financial analyst experience

Tools

Moody’s CreditLens

Excel

Word

Outlook

Job description

About Working At Commerce

Building a career here is more than just steps on a ladder. It is about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment does not stop there. Our culture is about our people, the ones in our communities and the ones that work with us.

About Working At Commerce

Building a career here is more than just steps on a ladder. It is about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment does not stop there. Our culture is about our people, the ones in our communities and the ones that work with us.

Here, you’ll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You’ll have the space and resources to grow into the best version of yourself. Because our number one investment is you.

Creating an award-winning culture does not come easy. And after 160 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let’s talk.

Compensation Range

Hourly: $26.70 - $35.80 (Amount based on relevant experience, skills, and competencies.)

About This Job

The main purpose of this job is to be responsible for analyzing commercial credits by conducting comprehensive financial analysis on companies of diverse industries and sizes. You’ll work with seasoned Commercial Bankers and Portfolio Managers to prepare Credit Approval Summary packets for loan committees for all East Region markets requiring a high degree of accuracy. These packets are utilized by senior management for annual review of credit relationships, reaffirming loans due for renewal, and for approving new loans. In addition, the Credit Analyst will be responsible for financial statement spreading and other projects as assigned.

Preparation of Credit Approval Summary packets requires an understanding of financial statements and key financial metrics such as cashflow and leverage. Daily work includes research of loan documentation and an understanding of the various bank systems.

Credit Specialists works directly with Relationship Managers and Portfolio Managers in the Commercial line of business, including Commercial Banking, Business Banking, and Private Banking. The position provides an opportunity to learn credit analysis and an introduction to Commercial Banking.

Essential Functions

• Prepare Credit Approval Summary packets (minimal to moderate complexity) manually and through Moody’s CreditLens


• Prepare financial statement spreads and other credit related items as needed (minimal to moderate complexity)


• Perform basic to moderate financial analysis on companies of diverse industries and sizes for commercial loan requests working to research and learn loan structuring and cash flow


• Research and understand basic to moderate level loan documentation and various bank systems


• Submit work for feedback and analysis


• Share beginner level knowledge with others during training and onboarding process


• Exposure to and/or performance of simple pricing worksheets for loan and relationship profitability


• Exposure to loan committee secretary function


• Perform other duties as assigned

Knowledge, Skills & Abilities Required

• Basic to intermediate knowledge of financial concepts and financial statements utilizing financial and accounting principles


• Basic to intermediate understanding of key financial metrics such as cashflow, leverage and debt service coverage


• Basic understanding of loan structure including cashflow thresholds, collateral pools, covenants and other risk mitigating techniques


• Beginner level knowledge of Moody’s CreditLens


• Motivated and organized with strong attention to detail and the ability to manage priorities with oversight


• Inquisitive, agile and strong team player with excellent written, verbal and interpersonal communication skills


• Ability to remain adaptable and resilient to most situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values


• Intermediate level proficiency with Microsoft Word, Excel and Outlook

Education & Experience

• Bachelor’s degree in a Business related field, with a preference for majors in Finance or Accounting, or equivalent combination of education and experience required


• 6 credit hours of Accounting, or related coursework and 9 credit hours of Finance, or related coursework required


• 1+ year prior credit or financial analyst experience preferred


• Level of role is determined by knowledge, experience, skills, abilities, and education.


• For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles. This compensation range is for the Credit Analyst & Senior Analyst job and contemplates a wide range of factors that are considered in determining most appropriate job level and making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. At Commerce, compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $26.70 to $35.80 per hour.

Must be eligible to work in the US without sponsorship now or in the future.

The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits. Click here to learn more.

Location

8001 Forsyth Blvd, St. Louis, Missouri 63105

Time Type

Full time