Senior Credit Analyst

Mercantil Commerce Bank; Kansas City (MO); Hybrid; USD 42,000 - 49,000; Full time

Benefits offered by this job

Health, dental, and vision insurance

401(k)

Life insurance

Paid vacation

Career development

Job summary

Commerce Bank in Kansas City, MO is seeking a Senior Credit Analyst to analyze commercial credits by performing and reviewing comprehensive financial analyses on companies across various industries and sizes. The role involves preparing and reviewing complex credit approval packets, applying loan structuring knowledge, and serving as SME for CAS processes.

You will review financial statements, research legal loan docs, and support pricing and relationship profitability calculations.

Qualifications

• Bachelor’s degree in Finance or Accounting or equivalent experience.
• 3+ years of credit or financial analyst experience in commercial lending.
• Eligibility to work in the US without sponsorship now or in the future.

Responsibilities

• Prepare Credit Approval Summary packets manually and via Moody’s CreditLens.
• Review packets prepared by others for accuracy and complexity.
• Review financial statement spreads with high complexity.
• Analyze financials for diverse industries and sizes for commercial loans.
• Serve as SME for financial statement spreads and CAS packets; assist training.

Skills

Financial analysis

Financial statements

Cash flow analysis

Loan structuring

Credit risk assessment

Moody’s CreditLens

Communication skills

Attention to detail

Multitasking

MS Word/Excel/Outlook

Education

Bachelor’s degree in Finance or Accounting

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’s 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 doesn’t 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 doesn't 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: $30.55 - $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 and reviewing comprehensive financial analysis on companies of diverse industries and sizes.

Essential Functions

• Prepare Credit Approval Summary packets (highly complex) manually and through Moody’s CreditLens
• Review Credit Approval Summary packets (minimal to moderate complexity) completed by other Analysts and Trainees
• Review financial statement spreads completed by other Analysts and Trainees with completion of highly complex spreads
• Perform complex financial analysis on companies of diverse industries and sizes for commercial loan applying prior knowledge of loan structuring and cash flow
• Research and understand complex legal loan documentation
• Provide error resolution and feedback based on work reviewed
• Serve as SME for financial statement spread and CAS packet compilation process, sharing knowledge with others in the department by way of training/onboarding or ongoing quality control
• Create pricing worksheets for loan and relationship profitability
• Serve as the Loan committee secretary
• Perform other duties as assigned

Knowledge, Skills & Abilities Required

• Intermediate to expert knowledge of financial concepts and financial statements utilizing financial and accounting principles
• Intermediate to expert understanding of key financial ratios such as cashflow, leverage and debt service coverage
• Intermediate understanding of loan structure including cashflow thresholds, collateral pools, covenants and other risk mitigating techniques
• Intermediate level knowledge of Commerce (or other conservative peer bank) risk appetite with application during underwriting process
• Intermediate level of Moody’s CreditLens and associated processes
• Motivated and organized self-starter with strong attention to detail and the ability to manage multiple competing priorities with little to no oversight
• Ability to drive results while applying above knowledge
• 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
• 3+ years prior credit or financial analyst experience in commercial lending or credit administration department
• Must be eligible to work in the US without sponsorship now or in the future

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 Senior Credit Analyst job and contemplates a wide range of factors that are considered in 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 $30.55 to $35.80 per hour.

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.
• Career development, education assistance, and voluntary supplemental benefits.

Location: 1000 Walnut St, Kansas City, Missouri 64106

Time Type: Full time

Commerce Bank has been awarded numerous awards for our company culture.

Why Commerce?

Inclusion at Commerce

We have been included on distinguished lists such as Forbes’ Best Midsized Employers, Forbes’ Best Employers for Women, and Korn Ferry’s Engaged Performance Award. You’ll see the difference for yourself when you join the team.

Equal Opportunity Employer

Commerce Bank is proud to be an Equal Employment Opportunity employer and believes that every individual should have the opportunity to work at a job for which he, she or they qualifies. We celebrate diversity and do not discriminate based on race, color, ancestry, ethnicity, gender identity, gender expression, sex, sexual orientation, disability (including physical or mental handicap), age, veteran status, military status, national origin, religion, pregnancy status, marital status, genetic information, or any other status protected by applicable federal, state or local law.