Credit Products Diversified Industries Associate

About the role

At Regions, the Credit Products Diversified Industries Associate supports Credit Products Diversified Industries Managers in identifying and mitigating risks in existing and proposed credit products. As a member of the First Line of Defense, the individual will analyze new commercial credit opportunities, underwrite new or renewed credit exposure, and manage a portfolio of loans and other credit relationships in conjunction with a manager.

Responsibilities

• Prepares credit approval packages on new and renewed credit products including determination of the appropriate risk rating as well as risk factors that could change the risk rating, analysis of financial performance, performance vs. projections, covenant compliance, relationship profitability (RAROC), and any other significant risk drivers
• Analyzes guarantors as needed to support credit underwriting
• Assists Credit Products Diversified Industries Managers with the review of pre-closing loan documents and closing due diligence
• Manages financial reporting requirements, covenant requirements, past dues and documentation exceptions
• Ensures credit files are complete with all up to date information
• Provides tickler implementation and maintenance
• Monitors portfolio and servicing activities in conjunction with Credit Products support
• Validates the appropriate risk rating for a company and proactively identifies risk rating changes
• Identifies opportunities for exposure reduction or new opportunities within assigned portfolio
• Participates in research, preparation and execution of customer and prospect calls
• Participates in identifying financial solutions that meet the client’s needs and the Bank’s risk acceptance criteria
• Ensures compliance with internal bank commercial loan policy, credit risk management policy, and external regulatory requirements; documents any exceptions to policy and related rationale/mitigants

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay. This position is incentive eligible.

Requirements

• Bachelor’s degree in Finance, Accounting or related field
• Two (2) years underwriting experience or financial services analysis and accounting experience
• Completion of a major corporate credit training program (or the equivalent corporate banking/corporate finance experience)

Skills and Competencies

• Ability to competently complete credit packages and credit services agreements with management oversight
• Ability to identify and voice issues; self-initiates discussion
• Ability to perform quality analysis and display competency in completion and oversight of client portfolio management activities
• Excellent verbal and written communication skills
• Strong analytical and problem solving skills
• Well organized, detail-oriented, and able to manage and/or lead multiple projects under pressure
• Works collaboratively with multiple stakeholders

Pay

Pay ranges are job specific and provided as a point-of-market reference for compensation decisions. The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

• Minimum: $93,236.80 USD
• Median: $122,703.00 USD

This role is eligible to participate in a discretionary incentive plan. Employees have the potential to receive a discretionary award based on performance against defined metrics and goals.

Benefits

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates.

• Paid Vacation/Sick Time
• 401K with Company Match
• Medical, Dental and Vision Benefits
• Disability Benefits
• Health Savings Account
• Flexible Spending Account
• Life Insurance
• Parental Leave
• Employee Assistance Program
• Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time.

Schedule

This is a full-time position.