Senior Credit Risk Analyst

2 weeks ago

Libertyville, Illinois, United States Byline Bank. Full time
Job Overview

The Senior Credit Risk Analyst plays a crucial role in delivering analytical and underwriting expertise for commercial banking. This position involves an independent evaluation of the creditworthiness of clients and prospects, working closely with the lending team to analyze the risks associated with commercial transactions and ensuring comprehensive documentation of these transactions.

Key Responsibilities:

  • Conducts thorough commercial credit assessments by analyzing various documents such as credit reports, financial statements, tax returns, appraisals, property inspections, and environmental assessments to prepare loan presentations for approval.
  • Analyzes and interprets financial statement spreads to evaluate the overall credit strengths and weaknesses of potential commercial clients, focusing on metrics like debt-service ratios, current asset ratios, leverage ratios, cash flow, fixed charge coverage, and acid test ratios.
  • Executes collateral assessments for all asset types, including accounts receivable, inventory, equipment, and real estate.
  • Performs credit classification evaluations, detailing the credit profiles of major clients, delinquent accounts, aging analysis, collections, and charge-offs.
  • Conducts inventory assessments, analyzing inventory turnover and evaluating issues such as spoilage and depletion.
  • Assesses equipment by comparing market values to book values and evaluating net orderly liquidation values.
  • Evaluates real estate collateral by reviewing appraisals and considering special use facilities and alternative applications.
  • Engages with clients or their representatives to gather additional information throughout the underwriting process while collaborating with the Banker.
  • Identifies and evaluates various business, industry, and market risks to categorize trends, growth patterns, seasonality, and business cycles, applying these insights to credit evaluations.
  • Conducts sector analyses to assess the health and viability of companies relative to their competitors.
  • Evaluates the growth potential of client bases using various economic theories.
  • Requests underwriting materials, including audits, TLJ and UCC searches, appraisals, environmental assessments, flood certifications, and property inspections from both internal and external sources.
  • Finalizes funding reconciliations in Vendor Services.
  • Maintains records of external vendor order costs in Vendor Services.
  • Acts as a mentor and coach to Credit Analyst trainees.
  • Performs additional duties as assigned.

Note: This job description does not limit management's right to assign or reassign duties and responsibilities at any time.

Qualifications:

  • Bachelor's degree in Accounting, Finance, or a related field.
  • Minimum of 3 years of experience in SBA commercial credit analysis within a financial institution.
  • At least 3 years of experience in a commercial credit analysis role within a financial institution.
  • Prior management experience is preferred.
  • Familiarity with government-backed lending products such as SBA 7(a), SBA 504, and USDA B&I Loan Programs.
  • Formal credit training is preferred.
  • Recognized as a strategic thinker and creative problem solver.
  • Demonstrated advanced problem-solving and decision-making abilities.
  • Ability to collaborate effectively with diverse stakeholders at all levels.
  • Self-motivated with strong time and project management skills and attention to detail.
  • Proficient in change management, organizational, and planning skills.
  • Capable of identifying, understanding, and defining problems, evaluating alternatives, setting priorities, managing projects, and implementing high-quality solutions.
  • Strong organizational skills with the ability to manage and communicate multiple projects and priorities based on organizational needs.
  • Excellent verbal and written communication skills.
  • Proficient in MS Office Suite.

Physical Demands/Work Environment:

This role typically operates in an office environment, involving frequent sitting, walking, and standing, with occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination is required for operating office equipment. Effective oral and auditory communication is essential for interpersonal interactions and communication through automated devices.

Byline Bank offers competitive salary ranges aimed at attracting and retaining talented individuals. We regularly review and adjust our compensation structure to ensure equity across teams and levels.

The salary range for this position is competitive and based on various factors, including education, work experience, and certifications. In addition to salary, Byline Bank provides a comprehensive benefits package, incentive programs, equity stock purchase options, and 401k contributions (subject to eligibility requirements). Regardless of where or when you start your career with Byline Bank, you will find a wide array of benefits and incentives.

Byline Bank is an equal opportunity employer. All applicants will be considered for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, disability status, or any other status protected by applicable laws and regulations. We are committed to promoting diversity and equality within our organization and strive to maintain a workplace free from discrimination.

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