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 Hourly: $26.70 - $35.80 (Amount based on relevant experience, skills, and competencies.)

About This Job

The main purpose of this job is to be responsible for analyzing 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 all East Region 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 Analyst 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 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