About This Role
The Credit Analyst is primarily responsible for completing the daily duties of underwriting and monitoring credit while performing analytical activities and identifying risks or issues as needed. This role involves drafting credit approval documents and review memos for loans and other ancillary products, and preparing for credit reviews. The Credit Analyst is expected to build proficiency in underwriting, developing the ability to complete the underwriting process from beginning to end with limited oversight on increasingly complex credits.
Responsibilities
- Proactively monitor Credit Excellence and initiate collection of financial statements for upcoming renewals and periodic reviews
- Prepare succinct credit approval memos with minimal errors, including company and industry descriptions, key credit risks, historical analysis, base and downside case projection assumptions/rationale and terms and conditions
- Complete ongoing portfolio monitoring, including covenant tracking, financial statement reviews, and run risk rating models
- Identify and determine monitoring analysis activities required
- Verify covenants and define updates needed on ticklers
- Monitor covenant completion and track past due or out of compliance covenants and recommend appropriate course of action
- Understand and evaluate completed spreads to determine necessary edits working in collaboration with the CCU team to identify and resolve required edits or corrections
- Generate and provide various pipeline and portfolio reporting as needed to credit leadership, portfolio managers, underwriters, relationship managers and others
- Prepare Criticized Period Reviews reports with oversight
- Run projection models with assumptions provided
- Complete underwriting process with limited oversight
- Prepare portfolio analysis and Portfolio Review materials
- Ensure accuracy, integrity, and timeliness of credit data across internal systems and reports
- Take appropriate action to resolve data, documentation, or analysis deficiencies and escalate questions to the appropriate level
- Identify emerging risks or negative trends and escalate appropriately
- Maintain a working knowledge of Bancorp credit policies, guidelines and procedures
- Perform Borrowing Entity PD Ratings and Obligation LGD Ratings
- Assist with training and onboarding of new employees
- Support special projects or ad hoc analysis as assigned by management
Requirements
- Bachelor's degree in Business (e.g. Business Administration, Finance, or Accounting)
- 2+ years of Commercial Banking experience
- Sound Financial and risk analysis understanding, including the ability to develop financial models
- Extensive Knowledge of banking products and services
- Knowledge of corporate business structure and legal documents
- General knowledge of U.S. government and regulation
- Proficiency in internal banking applications
- Strong verbal and written communication skills
- Demonstrated strong problem-solving and analytical skills, with the ability to manage and prioritize multiple tasks while maintaining close attention to detail
- Proficient in all Microsoft Office software
Benefits
- Incentive compensation plan, with payment based upon company, line of business and/or individual performance
- Comprehensive benefits programs designed to support the individual needs of employees and their families, encompassing physical, financial, emotional and social well-being
About the Company
Fifth Third Bank connects great people to great opportunities in banking. Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions.
