Credit Products Associate - Financial Services Group
Regions Financial Corporation, Atlanta, GA, United States
Job Description:
At Regions, the Credit Products Specialized Industries Associate supports Credit Products Specialized Industries Managers in identifying and mitigating risks in existing and proposed credit products. As a member of the First Line of Defense, the individual will analyze new commercial credit opportunities, underwrite new or renewed credit exposure, and manage a portfolio of loans and other credit relationships in conjunction with a manager.
Primary Responsibilities
Prepares credit approval packages on new and renewed credit products including determination of the appropriate risk rating as well as risk factors that could change the risk rating, analysis of financial performance, performance vs. projections, covenant compliance, relationship profitability (RAROC), and any other significant risk drivers
Analyzes guarantors as needed to support credit underwriting
Assists Credit Products Specialized Industries Managers with their review of pre‑closing loan documents and closing due diligence
Manages financial reporting requirements, covenant requirements, past dues and documentation exceptions
Ensures credit files are complete with all up to date information
Provides tickler implementation and maintenance
Monitors portfolio and servicing activities in conjunction with Credit Products support
Validates the appropriate risk rating for a company and proactively identifies risk rating changes
Identifies opportunities for exposure reduction or new opportunities within assigned portfolio
Participates in research, preparation and execution of customer and prospect calls
Participates in identifying financial solutions that meet the client’s needs and the Bank’s risk acceptance criteria
Ensures compliance with internal bank commercial loan policy, credit risk management policy, and external regulatory requirements; documents any exceptions to policy and related rationale/mitigants
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
This position is incentive eligible.
Requirements
Bachelor’s degree in Finance, Accounting or related field
Two (2) years underwriting experience or financial services analysis and accounting experience
Completion of a major corporate credit training program (or the equivalent corporate banking/corporate finance experience)
Ability to competently complete credit packages and credit services agreements with management oversight
Skills and Competencies
Ability to identify and voice issues; self-initiates discussion
Ability to perform quality analysis and display competency in completion and oversight of client portfolio management activities
Excellent verbal and written communication skills
Strong analytical and problem solving skills
Well organized, detail-oriented, and able to manage and/or lead multiple projects under pressure
Works collaboratively with multiple stakeholders
This position may be filled at a higher level depending on the candidate's qualifications and relevant experience.
Position Type
Full time
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum:
$98,410.62 USD
Median: $129,517.50 USD
Incentive Pay Plans:
This role is eligible to participate in a discretionary incentive plan. Employees have the potential to receive a discretionary award based on performance against defined metrics and goals.
Benefits Information
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.
https://www.regions.com/about-regions/welcome-portal/benefits
Location Details
Atlanta Midtown
Location:
Atlanta, Georgia
Equal Opportunity Employer/including Disabled/Veterans
#J-18808-Ljbffr
At Regions, the Credit Products Specialized Industries Associate supports Credit Products Specialized Industries Managers in identifying and mitigating risks in existing and proposed credit products. As a member of the First Line of Defense, the individual will analyze new commercial credit opportunities, underwrite new or renewed credit exposure, and manage a portfolio of loans and other credit relationships in conjunction with a manager.
Primary Responsibilities
Prepares credit approval packages on new and renewed credit products including determination of the appropriate risk rating as well as risk factors that could change the risk rating, analysis of financial performance, performance vs. projections, covenant compliance, relationship profitability (RAROC), and any other significant risk drivers
Analyzes guarantors as needed to support credit underwriting
Assists Credit Products Specialized Industries Managers with their review of pre‑closing loan documents and closing due diligence
Manages financial reporting requirements, covenant requirements, past dues and documentation exceptions
Ensures credit files are complete with all up to date information
Provides tickler implementation and maintenance
Monitors portfolio and servicing activities in conjunction with Credit Products support
Validates the appropriate risk rating for a company and proactively identifies risk rating changes
Identifies opportunities for exposure reduction or new opportunities within assigned portfolio
Participates in research, preparation and execution of customer and prospect calls
Participates in identifying financial solutions that meet the client’s needs and the Bank’s risk acceptance criteria
Ensures compliance with internal bank commercial loan policy, credit risk management policy, and external regulatory requirements; documents any exceptions to policy and related rationale/mitigants
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
This position is incentive eligible.
Requirements
Bachelor’s degree in Finance, Accounting or related field
Two (2) years underwriting experience or financial services analysis and accounting experience
Completion of a major corporate credit training program (or the equivalent corporate banking/corporate finance experience)
Ability to competently complete credit packages and credit services agreements with management oversight
Skills and Competencies
Ability to identify and voice issues; self-initiates discussion
Ability to perform quality analysis and display competency in completion and oversight of client portfolio management activities
Excellent verbal and written communication skills
Strong analytical and problem solving skills
Well organized, detail-oriented, and able to manage and/or lead multiple projects under pressure
Works collaboratively with multiple stakeholders
This position may be filled at a higher level depending on the candidate's qualifications and relevant experience.
Position Type
Full time
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum:
$98,410.62 USD
Median: $129,517.50 USD
Incentive Pay Plans:
This role is eligible to participate in a discretionary incentive plan. Employees have the potential to receive a discretionary award based on performance against defined metrics and goals.
Benefits Information
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.
https://www.regions.com/about-regions/welcome-portal/benefits
Location Details
Atlanta Midtown
Location:
Atlanta, Georgia
Equal Opportunity Employer/including Disabled/Veterans
#J-18808-Ljbffr