Commercial Credit Analyst collects, reviews, and analyzes data to prepare a detailed credit analysis that evaluates the terms and creditworthiness of commercial loan applications. Uses multiple sources of information, including financial statements, collateral appraisals, credit scores, and cash flow analysis, to assign risk ratings to loans and complete an analysis of the applicant's financial status. Being a Commercial Credit Analyst calculates debt-to-income (DTI) ratios to evaluate an applicant's ability to repay the loan. Prepares credit memos in a standardized format that includes key ratios, supporting information, an executive summary, and objective recommendations. Additionally, Commercial Credit Analyst presents credit reports to loan officers and loan committees. Requires a bachelor's degree. Typically reports to a supervisor or manager. The Commercial Credit Analyst work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Commercial Credit Analyst typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Job Overview:
We are seeking a skilled and experienced Commercial Lender to join our team. As a Commercial Lender, you will be responsible for managing and growing a portfolio of commercial loans. This is an excellent opportunity for someone with a strong background in financial services and loan origination to make a significant impact in our organization.
Responsibilities:
- Evaluate loan applications and assess creditworthiness of borrowers
- Analyze financial statements, tax returns, and other relevant documents to determine loan eligibility
- Develop and maintain relationships with new and existing clients to generate loan opportunities
- Structure loan terms and negotiate agreements with borrowers
- Ensure compliance with all applicable regulations, including TILA and other lending laws
- Collaborate with loan officers, underwriters, and other team members to facilitate the loan process
- Monitor the performance of existing loans and take appropriate action when necessary
- Stay updated on market trends, industry developments, and changes in lending practices
Qualifications:
- Bachelor's degree in finance, business administration, or a related field (Master's degree preferred)
- Proven experience as a Commercial Lender or similar role in the financial services industry
- Strong knowledge of loan processing procedures and best practices
- Familiarity with commercial lending regulations and compliance requirements
- Excellent analytical skills with the ability to assess creditworthiness and evaluate risk
- Proficiency in basic math and financial calculations
- Exceptional communication and interpersonal skills
- Detail-oriented with strong organizational abilities
- Ability to work independently and manage multiple priorities effectively
Preferred Skills:
- Experience using 10-key typing for data entry purposes
- Familiarity with contract negotiation and documentation
We offer competitive compensation packages including salary, bonuses, and comprehensive benefits. If you are a motivated professional looking for an exciting opportunity to contribute to our organization's success as a Commercial Lender, we encourage you to apply today.
Job Type: Full-time
Pay: $50,000.00 - $75,000.00 per year
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Work Location: In person