Credit analyst JOB OPENING
East Moline, IL
We’re looking for a detail-oriented and analytical professional to join our team as a Credit Analyst. In this role, you’ll be responsible for gathering and evaluating financial information to help assess risk and support sound lending decisions.
You’ll analyze financial statements, personal financial statements, tax returns, and credit reports to determine a borrower’s ability to repay loans. Your insights will play a key role in maintaining the strength of our loan portfolio and supporting the overall health of our lending operations.
If you have a keen eye for detail and a passion for financial analysis, we’d love to hear from you!
Duties and Responsibilities:
- Collect and analyze credit information on current and potential borrowers, ensuring accuracy and completeness of data.
- Evaluate financial statements, tax returns, and credit reports to determine the creditworthiness of borrowers.
- Provide detailed feedback to lenders on various types of loans, including commercial, consumer, and real estate loans.
- Prepare comprehensive spreadsheets and financial models for lenders and directors to support loan decision-making processes.
- Assist lenders in writing and structuring loan requests, ensuring all necessary documentation and analysis are included.
- Act as an internal helpdesk for spreading/commercial presentation software, providing guidance and troubleshooting assistance to staff.
- Assign and maintain risk ratings for borrowers, ensuring they are updated regularly based on the latest financial information.
- Ensure all credit analysis activities comply with regulatory requirements and internal policies. Prepare and submit reports as required.
- Stay updated on industry trends, regulatory changes, and best practices in credit analysis. Participate in training and development opportunities to enhance skills and knowledge.
- Work closely with other departments to ensure a seamless credit evaluation process.
- Utilize advanced software and tools for financial analysis, credit scoring, and risk assessment. Stay informed about new technologies and tools that can enhance credit analysis efficiency.
- Maintain detailed and organized records of all credit analysis activities, ensuring that all documentation is complete and easily accessible for audits and reviews.
- Prepare and analyze the Undisbursed Loan Funds Report and Funding Report.
- Build and pull Business Analytics Reports for the loan department.
- Conduct CECL (Current Expected Credit Loss) analysis and prepare the Q-Score Report.
- Manage Credit Quest system for tracking and reporting.
- Lead the Commercial Loan Originate team and the Risk Rating Sub-Committee.
- Prepare and analyze the Hotel Concentration Report and Industry Concentration Report.
- Conduct analysis on Commercial Real Estate (CRE) & Multi-family Concentration.
- Prepare Valuation Reports for various loan portfolios.
Position Requirements:
- Bachelor’s Degree in a Business-related field (preferred).
- Previous experience in credit analysis, banking, or a related field is advantageous.
Required Skills:
- Strong knowledge of accounting and finance principles.
- Proficiency in financial statement analysis and industry assessment.
- Ability to work independently and manage multiple tasks simultaneously.
- Critical thinking and problem-solving skills.
- Excellent communication and interpersonal skills.
- Proficiency in Microsoft Office, particularly Excel.
- Attention to detail and high level of accuracy.
- Ability to work under pressure and meet deadlines.
- Familiarity with credit scoring models and risk assessment tools.
- Strong organizational and time management skills.
- Ability to interpret and apply regulatory guidelines and policies
EOE, including disability/vets
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