Credit Analyst II - Schaumburg

Job summary

The Credit Analyst II is responsible for assisting the analytical and underwriting support for commercial banking including an independent analysis of creditworthiness of customers and prospects.

Responsibilities

• Assists with commercial credit analysis by reviewing credit reports, personal/business financial statements, tax returns, appraisals, property inspections and environmental reports to complete loan presentations for approval consideration by the appropriate approval authority.
• Helps analyzes the spreads of a company's financial statements to determine overall credit strengths and weakness of potential commercial credit customers.
• Assists with collateral analysis of all collateral assets to accounts receivables, inventory, equipment and real estate.
• Assists with credit classification analysis to include the company's customer base, a detail credit profile of the company's largest customers and delinquent accounts, aging analysis, delinquencies, collections and charge offs.
• Assists with Inventory analysis to include inventory in days and an examination of stale inventory, spoilage, depletion and inventory valuations.
• Assists with Equipment analysis to include a comparison of market value to book value and an assessment of net orderly liquidation values.
• Assists with Real estate collateral analysis to include examination of appraisal and address special and single purpose use facilities and alternative uses.
• Contacts the customer or customers representative to obtain additional information or explanation detail throughout the underwriting process while coordinating with the Banker.
• Identifies and assesses various business, industry and market risks to determine and categorize business trends, growth, cyclical nature, seasonality, business cycle and stages and apply findings to credit evaluation.
• Performs business sector analyses to evaluate the health and viability of a company based upon similar businesses and/or competitors.
• Evaluates the overall growth potential of company's bases through the application of various economic theories.
• Orders underwriting items including, but not limited to audit, TLJ and UCC searches, appraisal, environmental, flood certification, and property inspections from both internal and external sources.
• Prepares final funding reconciliation in Vendor Services.
• Updates credit on existing files.
• Records and maintains external vendor order costs in Vendor Services.
• All other duties as assigned.

Job description