Credit Analyst - Asset Based Lending (ABL)

Fifth Third Bank; Chicago (IL); On-site; USD 54,400 - 111,500; Full time

Benefits offered by this job

Comprehensive benefits

Incentive compensation plan

Job summary

A national financial institution is seeking a Credit Analyst II to support underwriting and monitoring credit for asset-based lending. This role requires building proficiency in analytics, risk assessment, and addressing compliance issues. Candidates should possess a Bachelor’s degree in Business and have at least 2 years of banking experience. The position offers competitive compensation ranging from $54,400 to $111,500 annually, alongside a comprehensive benefits package.

Qualifications

• 2+ years of commercial banking/credit experience, ideally including Asset-Based Lending.
• Knowledge of corporate business structure and legal documents.
• Strong verbal and written communication skills.

Responsibilities

• Partner with Portfolio Managers in credit and underwriting.
• Draft documentation and complete credit information.
• Monitor covenant compliance reporting.

Skills

Financial analysis

Risk analysis

Critical thinking

Communication skills

Problem solving

Education

Bachelor’s degree in Business

Tools

Microsoft Office

Internal banking applications

Job description

Credit Analyst II – Asset Based Lending (ABL)

The Credit Analyst II is primarily responsible for partnering with Portfolio Managers, supporting the daily duties of underwriting and monitoring credit while performing analytical activities and identifying risks or issues as needed. The role includes drafting documents and preparing for credit reviews with limited support from Portfolio Managers. The analyst is knowledgeable in financial and risk analysis and demonstrates proficiency in financial modeling.

The Credit Analyst II is expected to build proficiency in underwriting, completing the process from beginning to end with limited oversight. The analyst will attend and support Portfolio Reviews as needed and will be responsible for risk by exchanging ideas, elevating concerns, and following policies and procedures. The analyst ensures that actions and behaviors drive a positive customer experience while operating within the bank’s risk appetite, consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Essential Duties and Responsibilities

• Partner with Portfolio Managers in credit and underwriting, performing analytical tasks as needed
• Use critical thinking to identify and draft documentation
• Regularly complete indicative credit information into banking systems with little to no errors
• Prepare risk‑rating scorecard and tickler event analysis, determining actions based on results in collaboration with PMs
• Develop risk models and advise PMs of unforeseen obstacles that may impede meeting client expectations
• 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, recommending appropriate action
• Assess covenant compliance reporting and identify issues
• Review covenant compliance certificates to understand performance and determine actions
• Update financial covenants and calculations as needed
• Run Probability of Default (PD) model with oversight
• Interpret completed spreads to determine necessary edits in collaboration with the CCU team
• Recommend preliminary portfolio management actions using Credit Service reporting and RADAR with some oversight
• Prepare ALSR reports with oversight
• Run risk and projection models with oversight assumptions provided
• Complete underwriting process with limited oversight
• Create and complete a CAM with little to no errors
• Rewrite renewals for deals of limited complexity
• Support portfolio analysis and development for Portfolio Reviews in preparation for client meetings
• Support Portfolio Managers and special projects
• Take appropriate remedial actions to resolve deficiencies and escalates disputes to appropriate level when necessary
• Assist with training of new employees and work on special projects as assigned by management

Minimum Knowledge, Skills, and Abilities Required

• Bachelor’s degree in Business (e.g., Business Administration, Finance, or Accounting)
• 2+ years of commercial banking/credit experience, ideally including Asset-Based Lending (ABL)
• Sound financial and risk analysis understanding, 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
• Knowledge of local or regional market preferred, but not required
• Proficiency in internal banking applications
• Strong verbal and written communication skills
• Expertise in effective problem solving and analytical skills with ability to handle and prioritize multiple tasks
• Proficient in all Microsoft Office software

Working Conditions

• Normal office environment with minimal exposure to dust, noise, temperature variations
• Minimal travel required

Supersvisory Responsibilities: None

Total Base Pay Range: $54,400.00 – $111,500.00 USD Annual

At Fifth Third, we recognize the importance of rewarding employees for their contributions and offer comprehensive benefits and differentiated compensation to support each employee’s well‑being.

In addition to the base salary, this role may participate in an incentive compensation plan, with payments based on company, line of business, and/or individual performance.

Benefits programs are designed to support physical, financial, emotional, and social well‑being for employees and their families.

Location: Rosemont, Illinois 60018

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and promotes equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status, or any other legally protected status.