Credit Analyst

Lakeside Bank; Park Ridge (IL); On-site; USD 54,000 - 85,000; Full time

Job summary

A regional financial institution in Park Ridge is seeking a Credit Analyst to evaluate financial statements and assess loan risks. Candidates should have a Bachelor’s degree in Accounting or Finance and strong analytical skills. This position offers competitive compensation and benefits, and the ideal candidate must excel in a fast-paced environment.

Benefits

Multiple medical plans

Dental and vision insurance

Life and disability insurance

Qualifications

• Ability to read and analyze financial reports and legal documents.
• Excellent verbal and written communication skills.
• Ability to work under pressure and manage multiple priorities.

Responsibilities

• Collect and analyze financial statements to assess loan risk.
• Work with loan officers to ensure complete financial information.
• Underwrite various types of real estate loans.

Skills

Analytical skills

Communication skills

Microsoft Office proficiency

Attention to detail

Interpersonal skills

Education

Bachelor Degree in Accounting, Finance or related field

Job description

Overview

Credit Analyst role at Lakeside Bank. Location: Park Ridge/Elmhurst. Reports to: EVP & Chief Credit Officer.

Base pay range

$55,000.00/hr - $85,000.00/hr

Essential Duties And Responsibilities

• Collect, spread and analyze financial statements and credit data to determine the overall risk associated with a specific loan.
• Work with Loan Officers and Portfolio Managers to ensure that all pertinent financial information has been collected, spread and analyzed.
• Assist in overall structure of the loan and make recommendations to mitigate risks of specific loan transactions.
• Utilize various financial ratios to determine strengths and weaknesses of a specific credit. Have working knowledge of cash flow, liquidity, working capital, profitability and leverage ratios.
• Determine positive and negative trends when comparing current and historical financial statements.
• Understand different accounting methods and financial statement preparations.
• Underwrite various types of real estate loans, including acquisition and construction and commercial mortgage, across asset classes such as Multi-family, Mixed-Use, Retail, Office, Industrial and Single Family Housing.
• Utilize third party vendor reports to support underwriting recommendations and decisions (appraisal, environmental, submarket, and others).
• Analyze lease types including gross, modified-gross, and NNN leases.
• Determine different types of appraisals and understand the differences between them.
• Spread and review construction draw requests; determine cost overruns, equity requirements and progression of construction projects.
• Spread and analyze personal financial statements, tax returns and credit reports of individuals.
• Perform global cash flow analysis on specific individuals; understand sole-proprietorships, passive entities and non-passive entities; knowledge of K-1s and related tax returns.
• Verify individual liquidity and understanding of personal liquid assets, marketable assets and non-marketable assets.
• Determine total bank exposure and total bank guarantees for individuals.
• Have in-depth knowledge of the bank’s loan policy.
• Prepare summary reports highlighting strengths and weaknesses of specific loan transactions.
• Make recommendations to the bank’s lending committee on overall structure and risk of the loan.
• Perform other related duties as assigned or required.

Qualifications

• Ability to read, analyze, and interpret financial reports, legal documents, and related materials.
• Ability to define problems, collect data, establish facts, and draw valid conclusions.
• Excellent verbal and written communication skills.
• Excellent Microsoft Office skills, specifically Word and Excel.
• Ability to effectively present information to management.
• Ability to work in a high-pressure environment with quick decision-making and changing priorities.
• Ability to manage multiple priorities in a fast-paced environment.
• Motivation, judgment and initiative; strong interpersonal skills.
• Ability to maintain effective working relationships with all levels of Bank personnel, clients and business associates.
• Excellent accuracy, attention to detail, organization and follow-through.
• Ability to handle routine tasks with minimal supervision and work effectively under deadlines.

Education And Experience

Bachelor Degree in Accounting, Finance or related field; preferably one to two years’ related experience.

Physical Requirements

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. The employee is regularly required to talk or hear, stand, walk, sit and use hands to finger, handle or touch. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required include close vision and ability to adjust focus.

Benefit Information

Lakeside Bank offers a wide variety of benefit programs for employees. We offer multiple medical plans, dental, vision, Life/AD&D, Short-term and Long-term Disability, and supplemental ancillary products. Additional information on each plan can be provided upon request.

Salary Information

This is an exempt position. Compensation will be based upon background and level of experience. The compensation range is $54,000 - $85,000 annually.

Equal Opportunity Employer Disability/Veteran

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job. Lakeside Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.