Fifth Third Bank

Credit Analyst II – Asset Based Lending

Fifth Third Bank

full-time

Posted on:

Location Type: Office

Location: Rosemont • Illinois • United States

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Salary

💰 $54,400 - $111,500 per year

About the role

  • Partner with Portfolio Managers in credit and underwriting, performing analytical tasks as needed
  • Use critical thinking to identify and draft documentation
  • Regularly complete indicative credit information into Banking Systems with little to no errors
  • Prepare risk-rating scorecard and tickler event analysis and determine actions based on results in collaboration with PM's
  • Develop risk models and advise PMs of unforeseen obstacles that may impede meeting client expectations
  • 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
  • Assess covenant compliance reporting and identify issues
  • Review covenant compliance certificates to understand performance and determine actions
  • Update financial covenants and calculations as needed
  • Run Probability of Default (PD) model with oversight
  • Understand and evaluate completed spreads to determine necessary edits in collaboration with the CCU team
  • Identify and recommend preliminary portfolio management actions using Credit Service reporting and RADAR with some oversight
  • Prepare ALSR reports with oversight
  • Run risk and projection models with oversight assumptions provided
  • Complete underwriting process with limited oversight
  • Create and complete a CAM with little to no errors
  • Review and re-write renewals for deals of limited complexity
  • Responsible for portfolio analysis and development for Portfolio Reviews in preparation for client meetings
  • Support Portfolio Managers and special projects
  • Take appropriate remedial actions to resolve deficiencies and escalate questions/disputes to appropriate level when necessary
  • May assist with training of new employees
  • May work on special projects as assigned by management.

Requirements

  • Bachelor's degree in Business (e.g. Business Administration, Finance, or Accounting)
  • 2+ years of Commercial Banking/Credit experience, ideally including Asset Based Lending (ABL)
  • 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 regulations
  • Knowledge of the local or regional market preferred, but not required
  • Proficiency in internal banking applications
  • Strong verbal and written communication skills
  • Demonstrated expertise in using effective problem-solving and analytical skills with ability to handle and prioritize multiple tasks
  • Proficient in all Microsoft Office software.
Benefits
  • Comprehensive benefits
  • Differentiated compensation offerings
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
credit analysisrisk modelingfinancial modelingcovenant complianceunderwritingportfolio managementProbability of Default (PD) modelrisk-rating scorecardanalytical tasksdocumentation drafting
Soft Skills
critical thinkingproblem-solvingcommunicationorganizational skillsanalytical skillsprioritizationcollaborationtrainingremedial actionclient management
Certifications
Bachelor's degree in BusinessBachelor's degree in FinanceBachelor's degree in Accounting