Credit Analyst II

To see benefits offered by Foresight Bank, please visit our careers page: Career Opportunities | Foresight Bank.

Organization Overview:

Foresight Bank is the largest, locally owned community bank in Northern Illinois, with fifteen offices in the counties of Winnebago, Stephenson and Kankakee.  Foresight Bank is owned by Foresight Financial Group, Inc., an Illinois corporation founded in 1986, a financial holding company established under the Federal Reserve.

Position Summary:  

The Credit Analyst II supports the commercial lending function of Foresight Bank through analysis of financial information to support the Bank’s credit approval process and management of the credit portfolio. The Credit Analyst II works closely with relationship managers, credit personnel, and management to document repayment capacity for all borrower types. This documentation includes written loan proposals for discussion in loan committees, as well as other financial analysis as needed.  

Primary Responsibilities:

1. Prepare written analysis for new commercial loan applications, with documentation of borrowers’ financial strengths and weaknesses. The analysis will include an assessment of the borrower’s cash flow, liquidity, leverage, collateral, guarantor support, and industry. 
2. Gather information on current and prospective borrowers through inquiries and investigations with trade suppliers, financial institutions, professional firms or individuals, and in-house information.  
3. Input financial statements into a financial software application and analyze reports produced by the application.

1. Timely preparation of loan proposals and financial analysis.
2. Accurate analysis of financial data.
3. Active participation in loan committees and credit meetings.
4. Complete understanding and application of loan policies and lending directives.
5. Management of the Bank’s renewal and annual review pipelines.
6. Credit portfolio management activities as determined by bank and credit management.
7. Assist with structuring of standard loan transactions.
8. When applicable, provide credit expertise during customer/prospect calling efforts.
9. Manage special projects.

1. Maintain compliance with and adhere to all state and federal regulations and bank policies and procedures, including, but not limited to Bank Secrecy Act, FACT ACT, Community Reinvestment Act, and EEO/AA/Fair Employment Practices.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

Competencies:

Accounting: General understanding of Generally Accepted Accounting Principles. Capacity for assessing and interpreting numerical data and describing effectively in narrative format.

Project Management: Ability to work on multiple projects simultaneously, managing time and resources to ensure work is completed efficiently and within established timeframes.

Communicator: Effective written and oral communication skills.

Analytical Thinking: Strong analytical skills including the ability to address situations by using a logical, systematic, sequential approach.

Technical: Fluency in Microsoft Office (Word, Excel and PowerPoint).  Knowledge of banking products, services, policies, procedures and regulations.

Collaboration/Interpersonal: Strong ability to collaborate with bank management and functional groups.   Interact with others positively and build relationships with internal and external customers.

Performance Standards:

Meet underwriting completion deadlines as established by the Bank.

Meet underwriting quality expectations

Performance Weightings:

40% Competencies

60% Position Performance Standards and Personal Goals

Qualifications:

Bachelor’s Degree in a business-related field or relevant banking experience.  Three or more years of experience in the administration and analysis of commercial loans including experience in structuring and evaluating loan participations, credit relationships, and analyses of direct loans.

Physical Demands and Work Environment: 

This job operates in a clerical office setting.   This role routinely uses standard office equipment such as computers, phones, copy machines, filing cabinets and fax machines. The physical demands described here are representative of those that must be met by a Team Member to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.  This position requires manual dexterity.  While performing the duties of this Job, the Team Member is regularly required to sit or stand for extended periods of time.