What are the responsibilities and job description for the Credit Analyst position at Devon Bank?
Description
Devon Bank is an independent community bank serving the Chicagoland area and beyond. Our mission has always been to be the bank that the neighborhood needs—to tailor its service offerings to the needs and wants of the community. We are known for going the extra mile for our customers by offering personalized service and customized solutions. We are a full-service bank including home financing, trust and investments as well as a full range of business financing products.
We are searching for a Credit Analyst who will provide our lending officers direct support in the analysis of financial information of current and prospective borrowers, preparation of loan presentations and the monitoring of certain collateral.
Duties and responsibilities:
- Underwrites new, complex and/or specialized loan requests (e.g. larger loan relationships, Sharia-Compliant or other niche products), renewals, annual reviews, modifications, etc. by analyzing collateral, financial statements, cash flow, etc.
- Obtains and reviews due diligence items (Lexis, Experian, personal credit bureaus, tax transcripts, liquidity verification, good standing search, real estate tax status, Troy report, etc.) on new and existing borrowers.
- Prepares property evaluations
- Underwrites consumer loan requests
- Prepares financial request letters for renewals; tracks receipt and assists with follow-up of items not received
- Manages the receipt and monitoring of required customer reporting for credit facilities secured by accounts receivable, inventory, equipment, stocks, etc.; may be responsible for preparing the monthly Monitored Credit and/or Margin Reports.
- Tracks and calculates financial covenants; may be responsible for preparing the monthly Covenant Compliance Report
- Underwrites new ACH & RDC customers, vendors, participants, etc. and conduct its annual reviews
- Directly involved in 2 to 3 different loan types from origination to closing
Qualifications:
- Excellent, verbal, written and financial analysis skills.
- Excellent knowledge of common commercial loan products, procedures and loan documentation
- Ability to handle a fast-paced environment, multiple tasks and deadlines
- Must be computer literate and proficient in the following software: Microsoft Word and Excel
Requirements
- Bachelor’s Degree with a concentration/major in business administration, finance or accounting strongly preferred
- 3 to 5 years of experience with Commercial Credit underwriting
Pay Range and Benefits:
$70,000.00 - $85,000.00
Medical, Dental, Vision, Life, and 401(K)
EOE AA - Devon Bank is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
If you need assistance or an accommodation due to a disability, you may contact us at HumanResources@devonbank.com or you may call us at (773)- 465-2500.
