Job Information
First Bank Chicago Commercial Real Estate Credit Analyst in Northbrook, Illinois
This job was posted by https://illinoisjoblink.illinois.gov : For more information, please see: https://illinoisjoblink.illinois.gov/jobs/13438070
Basic Function
Provide administrative and underwriting support for the Commercial Real Estate Lending Department including financial analysis, preparing loan proposals and commercial loan applications.
Essential Duties\ 1. Assist in underwriting and closing of Commercial Real Estate (CRE) loans
- Interview clients and prospects regarding credit and service needs with relationship managers
- Perform site inspections
- Order and review appraisals and other third-party reports including credit inquiries
- Evaluate financial and operating information including property level cash flow and guarantor financial information
- Prepare loan proposal letters and commercial loan applications
- Work with Loan Operations and/or attorneys to generate and review loan documents and coordinate loan closings
- Prepare checklists and gather required documentation
2. Manage client relationships
- Update paper and/or electronic loan files
- Assist in preparation of watch reports, board reports and other reporting as needed
- Monitor and address past due loans and overdrawn deposit accounts
3. Additional departmental duties
- Attend department meetings
- Attend the Management Loan Committee and Directors Loan Committee meetings as needed
- Review of information on market trends in commercial real estate
- Maintain familiarity with underwriting and Loan Policy guidelines
- Attend training as required
4. Participate in Community Reinvestment Act (CRA) activities
5. Monitor receipt of financial information required by loan approvals and submit information to Loan Operations to update FISERV line ticklers.
- Review the monthly Line Tickler Reports for information that is past due.
- Prepare letters or emails to clients requesting updated information.
- Review letters and emails with relationship managers to ensure the accuracy of the information requested before forwarding to clients.
- Monitor receipts of clients financial information.
- Update the FISERV line tickler for the information received.
- Notify the relationship manager of non-responses or challenges from a client.
6. Complete Commercial Loan projects as assigned by the manager and/or department head.
Nonessential Duties
- Other duties as assigned