Credit Analyst
Location: Park Ridge/Elmhurst
Reports to: Vice President Credit Administration
The individual in this position will be responsible to analyze current and historical financial statements and real estate data to determine the risk involved with extending money to an individual, group of individuals or business and to prepare reports of the analysis for use in loan decision making. Tasks need to be completed within a deadline and with proficiency.
Essential Duties and Responsibilities:
- Collect, spread and analyze financial statements and credit data to determine the overall risk associated with a specific loan.
- The analyst will be required to work with Loan Officers and Portfolio Managers to ensure that all pertinent financial information has been collected, spread and analyzed.
- The analyst will also assist in overall structure of the loan and will be required to make recommendations to mitigate risks of specific loan transactions.
- The analyst will utilize various financial ratios to determine strengths and weaknesses of a specific credit. Analyst should have working knowledge of cash flow, liquidity, working capital, profitability and leverage ratios.
- The analyst will need to be able to determine positive and negative trends when comparing current and historical financial statements
- Understanding of different accounting methods and financial statement preparations
- The analyst will be required to underwrite various types of real estate loans, including but not limited to acquisition and construction and commercial mortgage amongst various real estate asset classes including but not limited to: Multi-family, Mixed-Use, Retail, Office, Industrial and Single Family Housing.
- The analyst will need to utilize third party vendor reports to support underwriting recommendations and decisions. The analyst will need to utilize appraisal reports, environmental reports, submarket reports in addition to others.
- The analyst will be required to analyze various lease types including but not limited to: gross leases, modified-gross leases and NNN leases.
- The analyst will be required to determine different types of appraisals and is expected to understand the difference between the various appraisal types.
- Analyst will be required to spread and review construction draw requests. The analyst will need to determine cost overruns of a construction project, equity requirements and general progression of a construction project.
- The analyst will be required to spread and analyze personal financial statements, tax return and credit reports of individuals.
- The analyst will be required to complete global cash flow analysis on specific individuals. The analyst will be required to have an understanding of sole-proprietorships, passive entities and non-passive entities. The analyst should have an understanding of K-1s and ancillary entity tax returns.
- The analyst will be required to verify individual liquidity and should have a thorough understanding of personal liquid assets, marketable assets and non-marketable assets.
- The analyst will be required to determine the total bank exposure and total bank guarantee for specific individuals.
- The analyst will be required to have an in-depth knowledge and understanding of the bank’s loan policy.
- Prepare summary reports that highlight the strengths and weaknesses of specific loan transactions.
- The analyst will be required to make a recommendation to the bank’s lending committee on the overall structure and risk associated with the loan.
- Performs other related duties as assigned or required.
Qualifications:
- Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents.
- 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 stressful environment requiring quick decision-making and adjustment to continual priority changes.
- Ability to support multiple people and manage multiple priorities in a fast-paced environment.
- Demonstrates high levels of motivation, judgement 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 skills.
- Ability to handle routine tasks with minimal supervision
- Ability to work effectively in deadline situations.
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. While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand, walk, sit and use hands to finger, handle or touch. The employee is occasionally required to reach with hands and arms. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision and ability to adjust focus.
Benefit Information
Lakeside Bank offers a wide variety of benefit programs for our employees. We offer 4 Blue Cross Blue Shield Medical plans (2 PPO & 2 HMO plans). Our PPO Dental plans are offered through Principal. The Bank subsidizes a large percentage of the monthly premiums. We also offer Vision insurance through Principal VSP. Employees are able to select from Single coverage, Employee & Spouse coverage, Employee & Child(ren) coverage or Family coverage levels.
The Bank provides Life/AD&D, Short-term Disability, and Long-term Disability insurance – at no cost to the employee. We offer a variety of supplemental ancillary products such as supplemental life for employee, spouse and/or children, accident, critical illness, hospital indemnity and pet insurance. 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.
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.
DISCLAIMER
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.