Credit Officer

Provide, powered by Fifth Third Bank; United States; Remote; USD 69,000 - 144,000; Full time

Job summary

A prestigious banking institution is seeking a Credit Officer to review and make decisions on small business loan applications. This entry-level role involves mentoring team members and providing recommendations based on thorough financial analysis. Applicants should have a background in finance, with strong attention to detail and excellent communication abilities.

Qualifications

• Preferred degree in accounting, finance, or economics.
• Over two years in underwriting or business loan analysis.
• Basic knowledge of commercial lending standards.

Responsibilities

• Review and decide on small business loan applications.
• Mentor fellow analysts; assists in portfolio monitoring.
• Provide loan decisions based on financial analysis.

Skills

Financial Analysis

Loan Structuring

Communication

Organizational Skills

Attention to Detail

Education

College degree in accounting, finance or economics

Tools

Microsoft Access

Microsoft Word

Microsoft Excel

Job description

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Pay found in job post

Retrieved from the description.

Base pay range

$69,800.00/yr - $143,100.00/yr

General Function

Review and decision small business loan applications, in a centralized environment, for high dollar and complex loans. Assist peers and those less experienced through the loan decision process, offering expertise on financial analysis and loan structuring.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Essential Duties And Responsibilities

• Responsible for spreading financial statements based on information provided in the loan package.
• Provide loan decisions and/or credit recommendations based on a review of all underwriting criteria, including loan structure, collateral, interest rate, and fees.
• Perform global cash flow and balance sheet analysis for small-business healthcare loans of up to $2 million.
• Independently prepare a written evaluation of a borrower's financial condition and future outlook, identifying risks and mitigation.
• Independently collaborate with the sales team in developing loan structures that meet the needs of the customer and adhere to the organizations risk appetite.
• Assist and mentor fellow team members in portfolio monitoring.
• Identify opportunities and recommend solutions for process improvements and software development.
• Mentor credit analysts to help them develop risk management skills and knowledge.
• Effectively communicate loan decision to loan originator.
• Identify and review all necessary due diligence items.
• Effectively communicate loan decision to loan originator.
• Negotiate terms & conditions of loan with originator.
• Miscellaneous job duties as assigned.
  
  
  

Supervisory Responsibilities

None.

Minimum Knowledge, Skills And Abilities Required

• College degree in accounting, finance or economics is preferred.
• Two+ years in underwriting, portfolio monitoring, or similar business loan analysis.
• Basic knowledge of commercial lending and credit standards, policies, procedures, and products.
• Must be proficient in basic software applications such as Microsoft Access, Word and Excel.
• Familiarity with the Bank's internal applications is helpful.
• Must be attentive to detail and possess excellent verbal and written communication and organizational skills.
  
  
  

Credit Officer

Total Base Pay Range 69,800.00 - 143,100.00 USD Annual

LOCATION -- Virtual, Michigan 00000

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure 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.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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