Preparation of Credit Approval Summary packets requires an understanding of financial statements and key financial metrics such as cashflow and leverage. Daily work includes research of loan documentation and an understanding of the various bank systems.
Credit Specialists works directly with Relationship Managers and Portfolio Managers in the Commercial line of business, including Commercial Banking, Business Banking, and Private Banking. The position provides an opportunity to learn credit analysis and an introduction to Commercial Banking.
Essential Functions
Prepare Credit Approval Summary packets (minimal to moderate complexity) manually and through Moody’s CreditLens
Prepare financial statement spreads and other credit related items as needed (minimal to moderate complexity)
Perform basic to moderate financial analysis on companies of diverse industries and sizes for commercial loan requests working to research and learn loan structuring and cash flow
Research and understand basic to moderate level loan documentation and various bank systems
Submit work for feedback and analysis
Share beginner level knowledge with others during training and onboarding process
Exposure to and/or performance of simple pricing worksheets for loan and relationship profitability
Exposure to loan committee secretary function
Perform other duties as assigned
Knowledge, Skills & Abilities Required
Basic to intermediate knowledge of financial concepts and financial statements utilizing financial and accounting principles
Basic to intermediate understanding of key financial metrics such as cashflow, leverage and debt service coverage
Basic understanding of loan structure including cashflow thresholds, collateral pools, covenants and other risk mitigating techniques
Beginner level knowledge of Moody’s CreditLens
Motivated and organized with strong attention to detail and the ability to manage priorities with oversight
Inquisitive, agile and strong team player with excellent written, verbal and interpersonal communication skills
Ability to remain adaptable and resilient to most situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values
Intermediate level proficiency with Microsoft Word, Excel and Outlook
Education & Experience
Bachelor’s degree in a Business related field, with a preference for majors in Finance or Accounting, or equivalent combination of education and experience required
6 credit hours of Accounting, or related coursework and 9 credit hours of Finance, or related coursework required
1+ year prior credit or financial analyst experience preferred
Level of role is determined by knowledge, experience, skills, abilities, and education.
For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles. This compensation range is for the Credit Analyst & Senior Analyst job and contemplates a wide range of factors that are considered in determining most appropriate job level and making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. At Commerce, compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $26.70 to $35.80 per hour.
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Must be eligible to work in the US without sponsorship now or in the future.
The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits. Click here to learn more.
Location: 8001 Forsyth Blvd, St. Louis, Missouri 63105
Time Type
Full time
