What are the responsibilities and job description for the Credit Analyst I position at Fifth Third Bank?
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GENERAL FUNCTION : The Credit Analyst I is primarily responsible for partnering with Portfolio Managers, supporting the daily duties of underwriting and monitoring credit while performing analytical tasks as needed. In addition, a successful Credit Analyst will be able to prepare documents and utilize various reporting tools to identify portfolio management activities and make recommendations to Portfolio Managers. The Credit Analyst I is knowledgeable on financial and risk analysis and demonstrates proficiency in financial modeling. Critical thinking skills are required for a Credit Analyst I, in addition to flexibility, a desire to learn, and an ability to work with numerous internal partners and build relationships.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES AND RESPONSIBILITIES :
- Partner with Portfolio Managers in credit and underwriting, performing analytical tasks as needed
- Use critical thinking to identify and draft documentation
- Responsible for regularly completing indicative credit information into Banking Systems with little to no errors
- Responsible for preparing risk-rating scorecard and tickler event analysis and determining actions based on results working in collaboration with PM's
- Responsible for developing risk models and advising PMs of unforeseen obstacles that may impede meeting client expectations
- Identify and determine monitoring analysis activities required
- Verify covenants and define updates needed on ticklers
- Monitor covenant completion and track past due or out of compliance covenants and recommend appropriate course of action
- Responsible for assessing covenant compliance reporting and identifying issues
- Accountable for updating financial covenants and calculations as needed
- Run Probability of Default (PD) model with oversight
- Responsible for understanding and evaluating completed spreads to determine necessary edits working in collaboration with the CCU team
- Responsible for identifying and recommending preliminary portfolio management actions using Credit Service reporting and RADAR with some oversight
- Support Portfolio Managers and special projects
- Takes appropriate remedial actions to resolve deficiencies and escalates questions / disputes to
appropriate level when necessary.
SUPERVISORY RESPONSIBILITIES : None
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED :
WORKING CONDITIONS :
LI-GM1
Credit Analyst I
LOCATION Grand Rapids, Michigan 49546
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
