Sr. Credit Analyst (Naperville, IL)

About

Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors, and consumers. With approximately $9.9 billion in assets and over 40 branch locations in the Chicago and Milwaukee metropolitan areas, Byline Bank offers a wide range of commercial and community banking products and services, including small-ticket equipment leasing and U.S. Small Business Administration loans. As a member of FDIC and an Equal Housing Lender, Byline Bank is proud to be recognized as one of the best workplaces in the Midwest and across the country.

Objective

The Sr. Credit Analyst is responsible for providing analytical and underwriting support for commercial banking, including an independent analysis of creditworthiness of customers and prospects. This position works closely with the lending function to assess the risk of commercial transactions and provide thorough documentation of the transactions.

Duties And Responsibilities

• Performs commercial credit analysis by reviewing items including, credit reports, personal/business financial statements, tax returns, appraisals, property inspections, and environmental reports to complete loan presentations for approval consideration by the appropriate approval authority.
• Prepares and analyzes spreads of a company’s financial statements to determine overall credit strengths and weaknesses of potential commercial credit customers. Analysis includes debt-service ratio, current assets ratio, leverage ratios, cash flow analysis, fixed charge coverage, and acid test ratio.
• Performs and completes a collateral analysis of all collateral assets, including accounts receivable, inventory, equipment, and real estate.
• Performs credit classification analysis, including the company’s customer base, a detailed credit profile of the company’s largest customers, delinquent accounts, aging analysis, delinquencies, collections, and charge-offs. Also performs inventory analysis, including inventory in days and an examination of stale inventory, spoilage, depletion, and inventory valuations. Performs equipment analysis, comparing market value to book value and assessing net orderly liquidation values. Performs real estate collateral analysis, examining appraisals and addressing special and single-purpose use facilities and alternative uses.
• Contacts customers or their representatives to obtain additional information or explanations throughout the underwriting process while coordinating with the Banker.
• Identifies and assesses various business, industry, and market risks to determine and categorize business trends, growth, cyclical nature, seasonality, business cycle, and stages and apply findings to credit evaluation.
• Evaluates the overall growth potential of companies’ bases using various economic theories.
• Serves as a coach and mentor to Credit Analyst trainees.
• All other duties as assigned.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field.
• 3+ years of experience in a commercial credit analysis function within a financial institution.
• Formal credit training, preferred.
• Recognized as a strategic thinker and creative problem solver.
• Demonstrated high-level problem-solving and decision-making skills.
• Ability to work collaboratively with a variety of stakeholders at all levels.
• Self-motivated and an effective time and project manager with a strong attention to detail.
• Strong organizational skills with the ability to manage multiple projects and priorities.
• Strong communication skills both verbally and in writing.
• Proficiency in MS Office Suite.

Physical Demands/Work Environment

Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices. This role allows for a combination of remote and in-office work, with occasional visits to the office based on business needs. Specific in-office days may vary and will be discussed during the interview process.

Compensation & Benefits

Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels. The salary range for this position is between $86,000 to $107,000 + incentive. Additionally, Byline provides benefits including medical coverage, dental, vision, disability, 401k, paid time off, and much more! Depending on the specific role, compensation may also include discretionary bonuses and other benefit programs. The actual compensation package may vary based on factors such as skill set, experience level, and candidate's location.

Additional Information

Byline Bank is an Equal Opportunity Employer / Affirmative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, respected, and valued. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment. All employment decisions at Byline Bank are based on business needs, job requirements, and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics. Byline Bank is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please contact us directly at 773-475-2900, Option #2. If applying within the US, this role is not eligible for visa sponsorship now or in the future.

Note To Recruitment Agencies And Third-Party Recruiters

Byline Bank kindly requests that third-party recruiters, staffing agencies, and recruitment firms refrain from submitting resumes or candidate profiles without a prior agreement in place. Any unsolicited submissions will be considered property of Byline Bank, and no fees will be paid for placements resulting from such submissions. We appreciate your understanding and cooperation.