What are the responsibilities and job description for the Commercial Banking Credit Analyst Roles (2022 / 2023 Graduates APPLY HERE) position at Republic Bank of Chicago?
Republic Bank of Chicago welcomes all applicants interested in beginning their banking careers in our early talent programs specifically designed for either new college graduates or interns. This job posting is for new graduates with expected hire dates in either January 2023 or June 2023. Internship applications will open in January 2023 for our Summer Internship program, which is expected to run from June - August 2023.
(If you are seeking a different role within Republic Bank with a more immediate hire date, please see our other openings on our Careers homepage: www.republicEbank.com/careers)
Check us out at one of your school hiring events if you attend these schools:
DePaul University, Chicago, IL
University of Illinois at Chicago
Indiana University, Bloomington, IN
Marquette University, Milwaukee, WI
Illinois Wesleyan University / Augustana College / Carthage College / North Central College - Oak Brook, IL
Republic Bank of Chicago's Commercial Credit Analyst role creates an opportunity for new college graduates to jump start their career within Commercial Banking. By offering a hybrid approach with mostly hands-on, one on one individualized training, and also utilizing external video and webinar trainings from accredited banking educational institutions, analysts will build a foundation of knowledge to excel in one of many available career paths: Portfolio Manager, Commercial Lender, Credit Manager, or even roles within other specialty business lines, such as Fintechs, Payments, or Money Services Business.
The Commercial Credit Analyst is responsible for the underwriting and evaluation of commercial real estate and commercial & industrial loan requests. This individual will collaborate with the Commercial Lender or Team Leader on due diligence of credit requests, specifically for middle market clients.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Responsible for the preparation of quality, detailed financial analysis including cash flow models and collateral evaluations in order to identify potential credit risks.
- Capable of evaluating complex financial statements to spread and analyze in order to prepare a credit review.
- Make recommendations in accordance with sound banking practices in order to minimize risk exposure.
- Ensure commercial loan requests adhere to bank policies and procedures.
- Effectively communicate and partner with the Commercial Lender or Team Leader to assist with monitoring of the loan portfolio.
- May participate in on-site client meetings with the Commercial Lender or Team Leader.
- Assist with outgoing communication of the credit/ loan review function.
- Review and monitor construction and working capital draws.
- Maintain month-end Board of Director reports.
- Completion of special projects as required by senior management and other additional responsibilities as requested.
Required Skills
- Ability to learn and work with fellow team members and all levels of management including executive leadership
- Research and critical thinking skills to not only analyze numbers, but the "why" behind them
- Interest in commercial banking and making an impact on small/local businesses in the Chicagoland area
- Qualitative analytical skills - solid understanding of finance and accounting basics -we'll teach the rest!
- Excellent oral and written communication skills
- Proficiency in MS Suite of Products (Word, Excel, and Outlook)
- Strong organizational and time management skills
Required Experience
- Completed Bachelor’s degree in Business-related major, preferably Accounting, Finance or Economics (or expected by June 2023)
- Previous internship or work experience within the banking or financial services industry a plus, but not required!
- Additional involvement (leadership preferred) in campus activities, community service organizations, and/or chapters of industry/professional organizations
