Credit Analyst - ICRE – To $70K – Remote – Job # 3177
Who We Are
The Symicor Group is a boutique talent acquisition firm based in Lincolnshire, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.
The Position
Our client is seeking to fill a remote Credit Analyst - ICRE role. The successful candidate will be responsible for analyzing complex financial information and cash flow of existing and potential borrowing clients for purposes of approving or denying a loan request, and presenting information in comprehensive documents with relevant financial data and narrative. The incumbent is expected to act in a professional manner and within the accepted standards and practices of the industry.The first two weeks of this position will be in Indianapolis, IN.The position includes a salary of up to $70K and an excellent benefits package.Credit Analyst - ICRE responsibilities include
- Analyze the financial condition and cash flow of borrowers; analysis to include identification of trends in financial ratios, analysis of balance sheet and income statement changes and trends, guarantor analysis, and collateral analysis
- Convert financial statements into a common-size spreadsheet utilizing financial spreading software
- Conduct in in-depth review of rent rolls, leases, income statements, CoStar, appraisal reports, guarantor financials, global cash flow statements, and other financial information to determine, independently that the borrower can generate income and cash flow sufficient to repay existing and proposed debts
- Present findings in comprehensive credit approval documents that outline the loan request and the financial condition of the borrower, including relevant financial data and narrative
- Communicate with lenders and/or borrowers to obtain necessary information regarding the borrower
- Assist lenders with structuring/underwriting loans
- Assist Credit Operations Specialist as needed with updating borrower financial statement requirements and covenant requirements in tracking software
- Assist Credit Underwriting Associates as they prepare financial statement spreads on behalf of the Credit Officer and under their supervision
- Perform quality control review of imaged documents
Who Are You?You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.You also bring the following skills and experience:
- College degree in accounting, finance, economics or business; a minimum of 6 hours of college-level accounting coursework required, including intermediate financial accounting
- Minimum of 2-5 years of experience in credit analysis at a bank with assets of $1 billion or more; experience analyzing complex investment CRE borrowers with deal and/or relationship size between $2 million and $20 million; demonstrated skills in areas such as rent rolls, leases, cash flow, market analysis, and guarantor global cash flow analysis for commercial real estate loans
- Exceptional ability to analyze and interpret all types of financial statements, formulate conclusions, and present findings in a narrative credit analysis memo
- Experience analyzing borrowing base certificates and underlying assets comprising the certificate to determine if the borrower is in compliance
- Demonstrated ability to create, interpret, and test borrower loan covenants
- Proven verbal and written communication skills, including the ability to convey information about a borrower’s financial status in commonly understood terms
- Demonstrated ability to think critically, make well-reasoned assumptions and solve problems
- Experience with and strong working knowledge of standard computer applications, especially Word, Excel, and Adobe Acrobat
- High degree of accuracy and attention to detail
- Strong initiative and ability to manage multiple lender requests, organizing and prioritizing tasks as appropriate; ability to work independently and meet deadlines
The next step is yours. Email us your current resume along with the position you are considering to:
resumes@symicorgroup.com •
Last updated on Oct 11, 2023