Commercial Real Estate Credit Analyst

Basic Function

Provide administrative and underwriting support for the Commercial Real Estate Lending Department including financial analysis, preparing loan proposals and commercial loan applications.

Essential Duties

1. Assist in underwriting and closing of Commercial Real Estate (CRE) loans.
   
   
   
   • Interview clients and prospects regarding credit and service needs with relationship managers
   • Perform site inspections
   • Order and review appraisals and other third-party reports including credit inquiries
   • Evaluate financial and operating information including property level cash flow and guarantor financial information
   • Prepare loan proposal letters and commercial loan applications
   • Work with Loan Operations and/or attorneys to generate and review loan documents and coordinate loan closings
   • Prepare checklists and gather required documentation
     
     
   
   
   
   
2. Manage client relationships.
   
   
   
   • Update paper and/or electronic loan files
   • Assist in preparation of watch reports, board reports and other reporting as needed
   • Monitor and address past due loans and overdrawn deposit accounts
     
     
   
   
   
   
3. Additional departmental duties.
   
   
   
   • Attend department meetings
   • Attend the Management Loan Committee and Director's Loan Committee meetings as needed
   • Review of information on market trends in commercial real estate
   • Maintain familiarity with underwriting and Loan Policy guidelines
   • Attend training as required
     
     
   
   
   
   
4. Participate in Community Reinvestment Act (CRA) activities.
   
   
5. Monitor receipt of financial information required by loan approvals and submit information to Loan Operations to update FISERV line ticklers.
   
   
   
   • Review the monthly Line Tickler Reports for information that is past due.
   • Prepare letters or emails to clients requesting updated information.
   • Review letters and emails with relationship managers to ensure the accuracy of the information requested before forwarding to clients.
   • Monitor receipts of clients' financial information.
   • Update the FISERV line tickler for the information received.
   • Notify the relationship manager of non-responses or challenges from a client.
     
     
   
   
   
   
6. Complete Commercial Loan projects as assigned by the manager and/or department head.

Nonessential Duties

• Other duties as assigned

Qualifications

Knowledge, Skills & Abilities

• Organized, detail oriented
• Ability to create monitoring and tracking systems
• Skilled at financial analysis
• Ability to multi-task while meeting deadlines
• Ability to solve problems
• Ability to work in a fast-paced environment
• Desire to learn
• Tact and diplomacy in dealing with team members, bank employees and clients
• Strong written and verbal skills
• Proficiency with Microsoft Word, Excel, PowerPoint and Outlook

Training & Experience

• Bachelor's degree in Business, preferably Accounting or Finance, or equivalent related experience
• 2 - 4 years of financial analysis experience
• Prior work experience in a commercial real estate lending environment preferred

Compensation

• For 1 to 2 years of experience: $72,000 - $77,000
• For 3 to 4 years of experience: $80,000 - $88,000
• Salary will be negotiated based on relevant skills and experience as well as internal equity and alignment with market data.

Benefits

First Bank Chicago offers a comprehensive benefits package including medical/dental/vision/life insurance; 401(k); paid time off (PTO); and eligibility for an annual bonus. For a complete listing of benefits, please visit our website:https://firstbankchicago.com/Employee-Benefits.

First Bank Chicago is an Equal Opportunity Employer: disability/veteran

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