Credit Specialist

Commerce Bancshares • Clayton, MO, US

17 hours ago

Job type

Full-time

Job description

About Working at Commerce

Building a career here is more than just steps on a ladder. It's about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. Our culture is about our people, the ones in our communities and the ones that work with us.

Here, you'll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You'll have the space and resources to grow into the best version of yourself. Because our number one investment is you.

Creating an award-winning culture doesn't come easy. After 160 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let's talk.

Compensation Range

Hourly : $23.20 - $30.75 (Amount based on relevant experience, skills, and competencies.)

About This Job

The main purpose of this job is to analyze commercial credits by conducting comprehensive financial analysis on companies of diverse industries and sizes. You'll work with seasoned Commercial Bankers and Portfolio Managers to prepare Credit Approval Summary packets for loan committees for assigned markets requiring a high degree of accuracy. These packets are utilized by senior management for annual review of credit relationships, reaffirming loans due for renewal, and for approving new loans. In addition, the Credit Specialist will be responsible for financial statement spreading and other projects as assigned.

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 work 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)
Prepare financial statement spreads and other credit related items as needed
Perform basic 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 level loan documentation and various bank systems
Submit work for feedback and analysis
Perform other duties as assigned

Knowledge, Skills & Abilities Required

Basic knowledge of financial concepts and financial statements utilizing financial and accounting principles

Basic understanding of key financial metrics such as cashflow, leverage and debt service coverage

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

Level of role is determined by knowledge, experience, skills, abilities, and education.

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 : 8000 Forsyth Blvd, Clayton, Missouri 63105

Time Type : Full time

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Credit Specialist • Clayton, MO, US