Senior Credit Analyst

Centrust Bank, A Division of SmartBiz Bank, N.A.; Northbrook (IL); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Equity participation

Health insurance

Flexible vacation policy

Competitive compensation

Job summary

SmartBiz Bank, based in Northbrook, IL, is seeking a Senior Credit Analyst to assess credit risk for Commercial and SBA lending. The role requires managing multiple deals from pre-submission through underwriting, aligning with bank, OCC, FDIC, and SBA policies.

The candidate will gather documents, structure loan specifics, and coordinate with loan officers and borrowers to move files toward approval. Qualified applicants have 5+ years of underwriting experience, strong communication, and

Qualifications

• 5+ years of underwriting experience in a community bank
• Strong knowledge of commercial banking underwriting; SBA underwriting is a plus
• Exceptional oral & written communication skills
• Highly organized and detail-oriented
• Bachelor’s Degree in Accounting, Finance, Economics, or a related field
• Experience with Salesforce is a plus

Responsibilities

• Analyze credit data and financial statements to identify risk in lending
• Prepare Pre-Flight for Chief Credit Officer and Senior Management to determine next steps
• Assist with structuring loan specifics
• Prepare a deal checklist for credit submission
• Interact with borrowers to gather complete packages
• Collaborate with loan officer and customer to answer questions for loan approval
• Prepare loan presentations for the loan committee
• Conduct annual loan file reviews
• Monitor loan policy exceptions and update reports
• Maintain the loan portfolio and manage ticklers and exceptions

Skills

Underwriting

SBA underwriting

Financial analysis

Oral & written communication

Organizational skills

Salesforce

Education

Bachelor's degree

Tools

Loan software

Job description

This position is based in Northbrook, IL, and requires the ability to be in the office.

Overview

SmartBiz Bank offers a broad range of business banking solutions to small businesses across the U.S. – solutions built specifically to serve the dynamic needs of entrepreneurs and foster the growth of the small business community. SmartBiz Bank’s commitment to transparency and personalized customer service offers an unparalleled banking experience, ensuring small businesses have the financial services they need to grow and thrive. Headquartered in Northbrook, Illinois, with an additional office in Austin, Texas, we are proud to serve both our local and national small business communities.

Job Description

The Senior Credit Analyst is responsible for reviewing the creditworthiness of individuals or businesses to determine the risk involved in lending money or extending credit for the bank’s Commercial and SBA Lending divisions. In order to meet and exceed loan growth targets, multiple deals need to be sourced and reviewed. All C&I and SBA Loans follow the loan policy of the bank, the OCC, FDIC, and the SBA policies and procedures.

Pre-Deal Submission:

• Analyze credit data and financial statements of individuals or businesses to identify the degree of risk involved in lending money or extending credit.
• Prepare Pre-Flight of the potential loan for the Chief Credit Officer and Senior Management to determine if moving forward with a proposal and ultimately to underwriting meets with the Bank’s and management’s expectations, along with the bank's overall strategy.
• Assist with structuring the loan specifics.
• Prepare a deal checklist of items needed for credit submission for loan officer review.

Essential Duties and Responsibilities as it relates to deal management:

• Work with multiple loan files in various stages of completeness to move them towards credit submission.
• Gather all items needed for credit submission by following a pre-determined credit submission checklist.
• Interact with the borrower to ensure all items are needed for a complete package.
• Collaborate with the loan officer and the customer to answer any additional questions in order for loan approval.

Essential Duties and Responsibilities as a Credit Analyst and Commercial Loan Portfolio Management:

• Maintain ongoing credit training.
• Manage and assist with various commercial and SBA lending underwriting transactions for approval.
• Organize, prepare, and present loan presentations to the loan committee.
• Prepare annual loan file reviews.
• Monitor the loan policy exception report with review and quarterly updates.
• Maintain the loan portfolio and manage all ticklers and exceptions.

Experience:

• 5+ years of underwriting experience with a community bank
• Strong knowledge of commercial banking underwriting, SBA small loan underwriting is a plus
• Exceptional oral & written communication skills
• Highly organized and detail-oriented
• Bachelor’s Degree in Accounting, Finance, Economics, or a related field
• Experience with Salesforce is a plus

Opportunities & Benefits at SmartBiz Bank

• Mission-driven culture focused on small business banking.
• Competitive compensation and equity participation where applicable.
• Employer-paid medical, dental, vision, life, and disability insurance for eligible employees and dependents.
• Flexible vacation policy.

-- SmartBiz Bank is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. California residents can learn more about how we use your information by visiting https://sites.google.com/view/smartbizloans-employment-ccpa