Senior Credit Analyst

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. And our commitment doesn’t stop there. 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. And 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

About This Job

The main purpose of this job is to be responsible for analyzing commercial credits by conducting and reviewing comprehensive financial analysis on companies of diverse industries and sizes.

Essential Functions

• Prepare Credit Approval Summary packets (highly complex) manually and through Moody’s CreditLens

• Review Credit Approval Summary packets (minimal to moderate complexity) completed by other Analysts and Trainees

• Review financial statement spreads completed by other Analysts and Trainees with completion of highly complex spreads

• Perform complex financial analysis on companies of diverse industries and sizes for commercial loan applying prior knowledge of loan structuring and cash flow

• Research and understand complex legal loan documentation

• Provide error resolution and feedback based on work reviewed

• Serve as SME for financial statement spread and CAS packet compilation process, sharing knowledge with others in the department by way of training/onboarding or ongoing quality control

• Create pricing worksheets for loan and relationship profitability

• Serve as the Loan committee secretary

• Perform other duties as assigned 

Knowledge, Skills & Abilities Required 

• Intermediate to expert knowledge of financial concepts and financial statements utilizing financial and accounting principles

• Intermediate to expert understanding of key financial ratios such as cashflow, leverage and debt service coverage

• Intermediate understanding of loan structure including cashflow thresholds, collateral pools, covenants and other risk mitigating techniques

• Intermediate level knowledge of Commerce (or other conservative peer bank) risk appetite with application during underwriting process

• Intermediate level of Moody’s CreditLens and associated processes

• Motivated and organized self-starter with strong attention to detail and the ability to manage multiple competing priorities with little to no oversight

• Ability to drive results while applying above knowledge

• 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

• 3+ years prior credit or financial analyst experience in commercial lending or credit administration department required

***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 Senior Credit Analyst job and contemplates a wide range of factors that are considered in 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 $30.55 to $35.80 per hour.

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.

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