Commercial Real Estate Credit Analyst
First Bank of Highland Park, Northbrook, IL, United States
This position reports to Nathan Bowker, SVP/Commercial Real Estate Relationship Manager
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 Knowledge, Skills and 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 Compliance/Security Requirements
Complete Regulatory University Training, as assigned Follow regulatory requirements as they pertain to departmental functions Comply with regulations including but not limited to Reg B, HMDA, CRA and all other lending compliance requirements Complete required reports such as appropriate check lists, adverse action forms and monthly compliance monitoring Attend outside training as appropriate Physical/Mental Work Requirements
Ability to focus on financial and credit information and consolidate it into concise, accurate credit presentations Ability to apply critical thinking and problem-solving skills at a high cognitive level Ability to withstand long periods of focus and concentration while working independently or in a group setting Ability to type efficiently and to work on a computer for extended periods of time Perform physical and/or drive by site inspection of real estate Effectively communicate with clients Licensed to drive a motor vehicle Ability to meet and/or provide client support at off-site locations
Compensation Expected Salary Range: For 1-2 years experience: $72,000 - $77,000; For 3-4 years 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 Crain's Chicago Best Places to Work 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 I 2025
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 Knowledge, Skills and 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 Compliance/Security Requirements
Complete Regulatory University Training, as assigned Follow regulatory requirements as they pertain to departmental functions Comply with regulations including but not limited to Reg B, HMDA, CRA and all other lending compliance requirements Complete required reports such as appropriate check lists, adverse action forms and monthly compliance monitoring Attend outside training as appropriate Physical/Mental Work Requirements
Ability to focus on financial and credit information and consolidate it into concise, accurate credit presentations Ability to apply critical thinking and problem-solving skills at a high cognitive level Ability to withstand long periods of focus and concentration while working independently or in a group setting Ability to type efficiently and to work on a computer for extended periods of time Perform physical and/or drive by site inspection of real estate Effectively communicate with clients Licensed to drive a motor vehicle Ability to meet and/or provide client support at off-site locations
Compensation Expected Salary Range: For 1-2 years experience: $72,000 - $77,000; For 3-4 years 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 Crain's Chicago Best Places to Work 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 I 2025