Commercial Credit Associate

About the Role

The Commercial Credit Associate participates in a formal credit training program designed for entry-level employees pursuing a career in credit underwriting, commercial lending, or other credit-related fields. The primary objective is to develop skilled credit underwriters with a solid and comprehensive understanding of commercial credit principles necessary to evaluate and underwrite commercial loan requests.

Key Responsibilities

• Participates in credit training classes, with proficiency evaluated through graded casework and testing. Training requirements, assigned tasks, and performance expectations must be met to proceed in the program.
• Prepares basic credit packages, including credit analysis for extensions, modifications, and renewals of existing loan facilities and new loan requests.
• Spreads business financial statements using the Baker Hill/One Point system.
• Analyzes a company's operating performance and financial condition to understand business trends and identify credit risks.
• Conducts cash flow analysis to evaluate loan repayment ability.
• Spreads and analyzes personal financial statements to evaluate personal liquidity, personal debt levels, and contingencies.
• Assesses collateral coverage.
• Performs industry/market analysis to identify industry trends and risks.
• Prepares loan offering and related forms for the credit package.
• Identifies and reports credit policy and underwriting experience.
• Completes underwriting requests within expected timeframes to meet assignment deadlines.
• Understands credit policies and is able to follow department procedures.

Requirements & Tech Stack

• Strong analytical abilities and problem-solving skills.
• Strong organizational skills with attention to detail.
• Excellent communication skills; express ideas and convey technical information in writing and verbally.
• Proficient in Microsoft Word and Excel, and performing internet searches.
• Basic math skills, including the ability to compute ratios.
• Ability to work in a fast-paced environment and move quickly through assignments to ensure deadlines are met.
• Ability to work effectively with individuals and groups to manage internal and external customer relationships.
• Ability to read, interpret, and comprehend policies, procedures, and training materials.

Qualifications

• Bachelor's Degree in a related discipline, preferably in Business, Accounting, or Finance.
• Completion of at least two college-level accounting classes and one college-level finance class preferred.
• Minimum 3.0 GPA preferred.
• Completion of a business-related internship preferred.