Credit Analyst II - Asset Based Lending (ABL)
Fifth Third Bank, Chicago, IL, United States
Credit Analyst II – Asset Based Lending (ABL)
The Credit Analyst II is primarily responsible for partnering with Portfolio Managers, supporting the daily duties of underwriting and monitoring credit while performing analytical activities and identifying risks or issues as needed. The role includes drafting documents and preparing for credit reviews with limited support from Portfolio Managers. The analyst is knowledgeable in financial and risk analysis and demonstrates proficiency in financial modeling.
The Credit Analyst II is expected to build proficiency in underwriting, completing the process from beginning to end with limited oversight. The analyst will attend and support Portfolio Reviews as needed and will be responsible for risk by exchanging ideas, elevating concerns, and following policies and procedures. The analyst ensures that actions and behaviors drive a positive customer experience while operating within the bank’s risk appetite, consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
Essential Duties and Responsibilities
Partner with Portfolio Managers in credit and underwriting, performing analytical tasks as needed
Use critical thinking to identify and draft documentation
Regularly complete indicative credit information into banking systems with little to no errors
Prepare risk‑rating scorecard and tickler event analysis, determining actions based on results in collaboration with PMs
Develop risk models and advise PMs of unforeseen obstacles that may impede meeting client expectations
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, recommending appropriate action
Assess covenant compliance reporting and identify issues
Review covenant compliance certificates to understand performance and determine actions
Update financial covenants and calculations as needed
Run Probability of Default (PD) model with oversight
Interpret completed spreads to determine necessary edits in collaboration with the CCU team
Recommend preliminary portfolio management actions using Credit Service reporting and RADAR with some oversight
Prepare ALSR reports with oversight
Run risk and projection models with oversight assumptions provided
Complete underwriting process with limited oversight
Create and complete a CAM with little to no errors
Rewrite renewals for deals of limited complexity
Support portfolio analysis and development for Portfolio Reviews in preparation for client meetings
Support Portfolio Managers and special projects
Take appropriate remedial actions to resolve deficiencies and escalates disputes to appropriate level when necessary
Assist with training of new employees and work on special projects as assigned by management
Minimum Knowledge, Skills, and Abilities Required
Bachelor’s degree in Business (e.g., Business Administration, Finance, or Accounting)
2+ years of commercial banking/credit experience, ideally including Asset-Based Lending (ABL)
Sound financial and risk analysis understanding, including 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
Knowledge of local or regional market preferred, but not required
Proficiency in internal banking applications
Strong verbal and written communication skills
Expertise in effective problem solving and analytical skills with ability to handle and prioritize multiple tasks
Proficient in all Microsoft Office software
Working Conditions
Normal office environment with minimal exposure to dust, noise, temperature variations
Minimal travel required
Supersvisory Responsibilities:
None
Total Base Pay Range:
$54,400.00 – $111,500.00 USD Annual
At Fifth Third, we recognize the importance of rewarding employees for their contributions and offer comprehensive benefits and differentiated compensation to support each employee’s well‑being.
In addition to the base salary, this role may participate in an incentive compensation plan, with payments based on company, line of business, and/or individual performance.
Benefits programs are designed to support physical, financial, emotional, and social well‑being for employees and their families.
Location: Rosemont, Illinois 60018
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and promotes 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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The Credit Analyst II is expected to build proficiency in underwriting, completing the process from beginning to end with limited oversight. The analyst will attend and support Portfolio Reviews as needed and will be responsible for risk by exchanging ideas, elevating concerns, and following policies and procedures. The analyst ensures that actions and behaviors drive a positive customer experience while operating within the bank’s risk appetite, consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
Essential Duties and Responsibilities
Partner with Portfolio Managers in credit and underwriting, performing analytical tasks as needed
Use critical thinking to identify and draft documentation
Regularly complete indicative credit information into banking systems with little to no errors
Prepare risk‑rating scorecard and tickler event analysis, determining actions based on results in collaboration with PMs
Develop risk models and advise PMs of unforeseen obstacles that may impede meeting client expectations
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, recommending appropriate action
Assess covenant compliance reporting and identify issues
Review covenant compliance certificates to understand performance and determine actions
Update financial covenants and calculations as needed
Run Probability of Default (PD) model with oversight
Interpret completed spreads to determine necessary edits in collaboration with the CCU team
Recommend preliminary portfolio management actions using Credit Service reporting and RADAR with some oversight
Prepare ALSR reports with oversight
Run risk and projection models with oversight assumptions provided
Complete underwriting process with limited oversight
Create and complete a CAM with little to no errors
Rewrite renewals for deals of limited complexity
Support portfolio analysis and development for Portfolio Reviews in preparation for client meetings
Support Portfolio Managers and special projects
Take appropriate remedial actions to resolve deficiencies and escalates disputes to appropriate level when necessary
Assist with training of new employees and work on special projects as assigned by management
Minimum Knowledge, Skills, and Abilities Required
Bachelor’s degree in Business (e.g., Business Administration, Finance, or Accounting)
2+ years of commercial banking/credit experience, ideally including Asset-Based Lending (ABL)
Sound financial and risk analysis understanding, including 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
Knowledge of local or regional market preferred, but not required
Proficiency in internal banking applications
Strong verbal and written communication skills
Expertise in effective problem solving and analytical skills with ability to handle and prioritize multiple tasks
Proficient in all Microsoft Office software
Working Conditions
Normal office environment with minimal exposure to dust, noise, temperature variations
Minimal travel required
Supersvisory Responsibilities:
None
Total Base Pay Range:
$54,400.00 – $111,500.00 USD Annual
At Fifth Third, we recognize the importance of rewarding employees for their contributions and offer comprehensive benefits and differentiated compensation to support each employee’s well‑being.
In addition to the base salary, this role may participate in an incentive compensation plan, with payments based on company, line of business, and/or individual performance.
Benefits programs are designed to support physical, financial, emotional, and social well‑being for employees and their families.
Location: Rosemont, Illinois 60018
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and promotes 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.
#J-18808-Ljbffr