Commercial Credit Analyst - Equipment Finance
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What you'll do
- Maintain an independent current and forward-looking view on the creditworthiness of each client and communicate this view to business and risk partners.
- Perform monitoring actions; conduct periodic deal reviews; and execute decisions to renew or modify deals.
- Work closely with Credit Risk, Senior Portfolio Managers and Relationship Managers to actively manage the bank's exposure to the clients in the portfolio.
- Analyze historical financials and projections to ensure accurate risk ratings, early identification of emerging credit problems, and articulation of industry trends.
- Manage underwriting, approval and documentation process for transactions which may include new money, loan extensions, amendments, waivers and ancillary products, including treasury management, FX, interest rate derivatives, and commodity exposure.
- Review and recommend credit decisions; perform final risk rating analysis; provide business partners with credit lending policy interpretation.
- Ensure compliance with internal policies and regulatory guidelines.
- Actively involved in the training of junior team members.
- Ensure the highest standards of accuracy and integrity in system records and electronic files, supporting advanced compliance and data governance initiatives.
What they're looking for
- Bachelor’s degree in Finance, Business Administration, or related field.
- Minimum of 3 years of experience in commercial banking portfolio management, that ideally includes equipment finance.
- Strong analytical skills and critical thinking skills.
- Strong verbal and written communication skills.
- Professional presence (client-facing).
- Ability to partner with all deal stakeholders including clients, relationship manager and credit teams.
- Expertise in financial and risk analysis, including financial modeling.
- Demonstrated expertise in using effective problem solving.
- Proficient in technology and the ability to learn new applications.
- Ability to manage multiple projects and meet deadlines.
Summarised by NextRaise from the employer’s description, which follows in full below.
Full description from employer
Make banking a Fifth Third better®
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Responsible for proactively monitoring Credit Excellence and initiating collection of financial statements for upcoming renewals and periodic reviews.
Prepare succinct credit approval memos with minimal errors, including company and industry descriptions, key credit risks, historical analysis, base and downside case projection assumptions/rationale and terms and conditions.
Complete ongoing portfolio monitoring, including covenant tracking, financial statement reviews, and run risk rating models.
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 understanding and evaluating completed spreads to determine necessary edits working in collaboration with the CCU teamworks to identify and resolve required edits or corrections
Generate and provide various pipeline and portfolio reporting as needed to credit leadership, portfolio managers, underwriters, relationship managers and others as needed.
Prepare Criticized Period Reviews reports with oversight
Responsible for running projection models with assumptions provided
Responsible for completing underwriting process with limited oversight
Prepares portfolio analysis and Portfolio Review materials
Ensure accuracy, integrity, and timeliness of credit data across internal systems and reports
Take appropriate action to resolve data, documentation, or analysis deficiencies and escalate questions to the appropriate level
Identify emerging risks or negative trends and escalate appropriately.
Maintain a working knowledge of Bancorp credit policies, guidelines and procedures.
Perform Borrowing Entity PD Ratings and Obligation LGD Ratings.
May assist with training and onboarding of new employees
May support special projects or ad hoc analysis as assigned by management
SUPERVISORY RESPONSIBILITY:
None
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
Bachelor's degree in Business (e.g. Business Administration, Finance, or Accounting)
2+ years of Commercial Banking experience.
Sound Financial and risk analysis understanding, including the ability to develop financial models
Extensive Knowledge of banking products and services
Knowledge of corporate business structure and legal documents
General knowledge of U.S. government and regulation
Proficiency in internal banking applications
Strong verbal and written communication skills
Demonstrated strong problem-solving and analytical skills, with the ability to manage and prioritize multiple tasks while maintaining close attention to detail.
Proficient in all Microsoft Office software
At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.
The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.
Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.
LOCATION -- Chicago, Illinois 60606Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.
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.
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