Commercial Real Estate Credit Analyst
First Bank Chicago, Chicago, IL, United States
Provide administrative and underwriting support for the Commercial Real Estate Lending Department including financial analysis, preparing loan proposals and commercial loan applications.
ESSENTIAL DUTIES
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
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
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
Participate in Community Reinvestment Act (CRA) activities
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.
Complete Commercial Loan projects as assigned by the manager and/or department head.
NONESSENTIAL DUTIES
Other duties as assigned
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
Expected Salary Range: $72,000 - $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
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ESSENTIAL DUTIES
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
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
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
Participate in Community Reinvestment Act (CRA) activities
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.
Complete Commercial Loan projects as assigned by the manager and/or department head.
NONESSENTIAL DUTIES
Other duties as assigned
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
Expected Salary Range: $72,000 - $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
#J-18808-Ljbffr