Sr. Credit Analyst

First Independence Corporation; Chicago (IL); On-site; USD 90,000 - 120,000; Full time

Job summary

First Independence Bank is seeking an experienced Senior Commercial Credit Analyst to underwrite loan requests and perform annual reviews, assessing credit limits and monitoring risk.

You will analyze financial statements, verify information, and work with loan officers to communicate policy results and risk findings. The role requires independent work and strong customer-service skills in a banking environment in Chicago.

Qualifications

• Bachelor’s degree in finance, accounting, or a related field.
• 3+ years’ experience as a banking Commercial Credit Analyst.
• Ability to work independently on credit assessments.

Responsibilities

• Underwrite loan requests and annual reviews.
• Assess and authorize credit limits and monitor credit risk.
• Provide analysis of customer financial statements.
• Ensure data entry is accurate and complete.
• Collaborate with loan officers on policy and risk results.
• Follow up with clients post-approval to verify information and research history.

Skills

Credit analysis

Risk assessment

Customer service

Independent work

Education

Bachelor's degree in finance or accounting

Job description

Perform underwriting of loan requests and annual reviews. Assess and authorize credit
limits and monitor credit risk. Provide analysis of customer financial statements. Ensure
all data entry is accurate and complete.

Responsibilities

• Senior commercial credit analysts are responsible for assessing credit requests.
• Producing recommendations based on a variety of eligibility factors; this involves a
  careful analysis of a client’s financial information, including income statements, tax
  forms, cash flow history, and current debt.
• Senior commercial credit analysts assign credit requests a rating based on their
  assessment of the probability of default by the client. Using this information along with
  the proposed loan amount and terms, the risk to the lender can be determined and a final
  recommendation given.
• Senior commercial credit analysts work closely with loan officers, to inform them about
  loan policy and the results of the risk assessment.
• Senior commercial credit analysts may work with clients as well to verify information
  and perform additional research on their financial history and future.
• Senior commercial credit analysts may also be responsible for working with clients after
  a loan has been approved to evaluate past due accounts and manage collections.
• Ability to assess collateral values and credit risk and prepare written credit approval packages
  and/or denial correspondence.
• Provide quantitative and qualitative analysis of applicant request for loan and lines or credit.

Requirements

• Bachelor’s degree in finance, accounting, or a related field.
• Previous experience as a banking Commercial Credit Analyst required. 3+ years’
  experience working with credit or loan evaluation preferred.
• Work independently on credit assessments.
• Customer service experience with both internal and external customers.

May assume other responsibilities and/or requirements as business objectives impose.

First Independence Bank is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identification, age, sex, marital status, national origin, disability, genetic information, height or weight, veteran status, or other category protected by local, state, or federal law.

First Independence Bank offers competitive compensation and benefits which include: health, dental, vision, life, and disability insurances. Also, 401(k) and paid time off.