Commercial Banking Credit Risk Analyst

4 weeks ago

Itasca, Illinois, United States Byline Bank. Full time
Job Description

About Byline Bank:

Byline Bank is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors, and consumers. With approximately $9.6 billion in assets, the bank operates 46 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing solutions, and is one of the top Small Business Administration lenders in the United States according to the national SBA ranking by the U.S. Small Business Administration by volume FY2023. Byline Bank is a member of FDIC and an Equal Housing Lender.

At Byline Bank, we take pride in being an award-winning workplace. Some of our recent recognitions include:

  • U.S. News & World Report named Byline Bank as one of the Best Companies to Work for in the Midwest
  • Best Workplaces in Illinois in 2024 by Best Companies Group and Illinois SHRM (Society for Human Resource Management)
  • Forbes America's Best Small Employers 2023

We strive to create an environment where employees feel supported and are empowered to excel in their roles. If you're looking for a career with a company that values growth, collaboration, and innovation, Byline Bank is the place for you.

Our team is dedicated to providing quality service and fostering strong relationships with our clients and communities. We're seeking motivated professionals who are ready to contribute to a growing organization and be part of a supportive, inclusive team.

The Sr. Credit Analyst is responsible for providing analytical and underwriting support for commercial banking, including an independent analysis of creditworthiness of customers and prospects. This position will work closely with the lending function to assess the risk of commercial transactions and provide thorough documentation of the transactions.

Key Responsibilities:

  • Perform commercial credit analysis by reviewing items including credit reports, personal/business financial statements, tax returns, appraisals, property inspections, and environmental reports to complete loan presentations for approval consideration by the appropriate approval authority.
  • Prepare and analyze spreads of a company's financial statements to determine overall credit strengths and weaknesses of potential commercial credit customers. Analysis includes debt-service ratio, current assets ratio, leverage ratios, cash flow analysis, fixed charge coverage, and acid test ratio.
  • Perform and complete a collateral analysis of all collateral assets, including accounts receivables, inventory, equipment, and real estate.
  • Perform credit classification analysis to include the company's customer base, a detailed credit profile of the company's largest customers, and delinquent accounts, aging analysis, delinquencies, collections, and charge-offs.
  • Perform inventory analysis to include inventory in days and an examination of stale inventory, spoilage, depletion, and inventory valuations.
  • Perform equipment analysis to include a comparison of market value to book value and an assessment of net orderly liquidation values.
  • Perform real estate collateral analysis to include an examination of appraisal and address special and single-purpose use facilities and alternative uses.
  • Contact the customer or customer's representative to obtain additional information or explanation detail throughout the underwriting process while coordinating with the Banker.
  • Identify and assess various business, industry, and market risks to determine and categorize business trends, growth, cyclical nature, seasonality, business cycle, and stages and apply findings to credit evaluation.
  • Perform business sector analyses to evaluate the health and viability of a company based upon similar businesses and/or competitors.
  • Evaluate the overall growth potential of a company's base through the application of various economic theories.
  • Order underwriting items, including but not limited to, audit, TLJ, and UCC searches, appraisal, environmental, flood certification, and property inspections from both internal and external sources.
  • Approve final funding reconciliation in Vendor Services.
  • Record and maintain external vendor order costs in Vendor Services.
  • Serve as a coach and mentor to Credit Analyst trainees.
  • All other duties as assigned.

Qualifications:

  • Bachelor's degree in Accounting, Finance, or related degree.
  • 5+ years in a commercial credit analysis function within a financial institution.
  • Prior leadership experience, preferred.
  • Formal credit training, preferred.
  • Be recognized as a strategic thinker and creative problem solver.
  • Demonstrated high-level problem-solving and decision-making skills.
  • Ability to work collaboratively with a variety of stakeholders at all levels.
  • Be self-motivated and an effective time and project manager with a strong attention to detail.
  • Have strong change management, organizational, and planning capabilities.
  • Ability to identify, understand, and define problems, evaluate alternatives, set priorities, manage projects, and implement high-quality solutions.
  • Demonstrate strong organizational skills with the ability to directly manage and communicate multiple projects and priorities depending on organizational needs and strategies.
  • Possess strong communication skills both verbally and in writing.
  • Proficiency in MS Office Suite.

Physical Demands/Work Environment:

Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices.

At Byline Bank, we value work-life flexibility and support a hybrid work environment for this position. This role allows for a combination of remote and in-office work, with occasional visits to the office based on business needs. Specific in-office days may vary and will be discussed during the interview process.

Compensation & Benefits:

Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.

The anticipated annual salary range for the position is between $80,000 - $105,000.

In addition, Byline provides benefits including medical coverage, dental, vision, disability, 401k, paid time off, and much more. Depending on the specific role, compensation may also include discretionary bonuses and other benefit programs. The actual compensation package may vary based on factors such as skill set, experience level, and candidate's location.

Additional Information:

Byline Bank is an Equal Opportunity Employment / Affirmative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, respected, and valued. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment.

All employment decisions at Byline Bank are based on business needs, job requirements, and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics.

Byline Bank is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please contact us directly.

If applying within the US, this role is not eligible for visa sponsorship now or in the future.

Note to Recruitment Agencies and Third-Party Recruiters:

Byline Bank kindly requests that third-party recruiters, staffing agencies, and recruitment firms refrain from submitting resumes or candidate profiles without a prior agreement in place. Any unsolicited submissions will be considered property of Byline Bank, and no fees will be paid for placements resulting from such submissions. We appreciate your understanding and cooperation.

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