Commercial Credit Associate, Large Corporate

Overview

This Commercial Credit Associate role supports the organization’s commercial lending by assessing and managing credit risk for commercial clients. Responsibilities include analyzing financial information, monitoring the loan portfolio through ongoing credit surveillance, and ensuring adherence to credit policies and regulatory requirements. The role partners closely with relationship managers (RMs) and credit risk management to support sound lending decisions and accurate portfolio risk ratings.

This is a development account coverage role, working with senior team members on more challenging and complex transactions.

Responsibilities

• Underwrite new credit requests and material modifications throughout the credit lifecycle, from deal screening through approval and for the life of the loan.
• Recommend the addition or removal of deal conditions as part of underwriting.
• Collaborate with senior team members on complex transactions.
• Manage ongoing credit risk for existing portfolios using continuous credit monitoring (CCM), including:
  • Annual reviews
  • Interim update memos
  • Covenant monitoring
  • Problem loan management
  • Early warning indicators
  • Other forms of credit surveillance
• Review pertinent credit and financial information, including financial statements, tax returns, due diligence reports, credit bureau information, appraisals, internal credit information, industry research, and peer data; determine whether additional investigation is needed.
• Conduct credit analyses for commercial transactions, including:
  • Independent credit quality assessment and well-supported risk rating
  • Identification and description of credit risks and risk mitigants
  • Industry concerns and market/financial trends
  • Other deal-specific credit issues
• Evaluate scenarios (company case, bank base case, and downside case) and provide structure recommendations based on analysis.
• Identify suspicious activity and activity that may be contrary to the customer’s interest as part of ongoing portfolio risk management.
• Partner with relationship managers throughout the deal process (deal screen through approval and for the life of the loan) to maintain timely and accurate risk ratings for a portfolio of commercial credits.
• Spread financial statements and prepare financial models to sensitize conditions impacting proposed transactions.
• Prepare cash flow, collateral schedules, covenant sensitivity calculations, financial models, and guarantor statement analysis as appropriate.
• Attend client/prospect calls with RMs to understand the client/prospect and business context for underwriting.
• Recommend risk ratings based on underwriting parameters.
• Prepare written summaries, present facts, and form credit-worthiness opinions for credit request discussions and committee presentations.
• Verify underwriting adherence to the Commercial Credit Policy and comment on risks associated with non-compliance.
• Understand and follow the organization’s risk and regulatory standards, policies, and controls in accordance with its Risk Appetite; identify risk-related issues requiring escalation.
• Maintain internal control standards, including timely implementation of internal and external audit points and addressing issues raised by external regulators as applicable.
• Support training and development by providing input into the development of and training for junior/newly hired Analysts.
• Perform other related duties as assigned.

Requirements

• Bachelor’s degree in Accounting, Finance, Economics, or related field and at least 4 years’ experience in commercial credit, public accounting, and financial statement analysis.
• In lieu of a degree: a combined minimum 8 years’ higher education and work experience, including at least 4 years’ experience in commercial credit, public accounting, financial statement preparation/analysis, or other financial analysis.
• Strong verbal and written communication skills.
• Strong analytical skills, including proficiency in financial modeling and analysis of credit metrics; ability to calculate and interpret financial ratios, analyze data, and complete trend analysis.
• Familiarity with legal documents and an ability to efficiently understand structural elements.
• Critical thinking and problem-solving abilities.
• Strong attention to detail and high accuracy.
• Strong organizational and time management skills.
• Ability to work independently and as part of a team.
• Customer-focused with strong interpersonal skills.
• Proficiency with Microsoft Office.

Preferred Qualifications

• Experience with Capital IQ, FactSet, and Bloomberg.

Compensation & Benefits

• Pay range: $97,100.00 - $161,800.00 Annual (USD)
• Specific compensation will be based on the candidate’s combination of knowledge, skills, and experience.

Location

Clanton, Alabama, United States of America