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Credit Specialist I at Commerce Bank in Kansas City, Missouri

Posted in Other 30+ days ago.

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Job Description:

26862 Credit Specialist I (Open)
Job Category:
Grade 07 ----------------------------------------------------------------------
Location: 1000 Walnut St, Kansas City, Missouri 64106 ----------------------------------------------------------------------

Job Expectations:
How would you like to work for a great company that offers career growth and values your skills and experience? For over 150 years, Commerce Bank has built a strong reputation as a "Super Community" bank and is recognized as an industry leader. In today's growing and competitive financial services industry, we look for creative and innovative solutions to meet the needs of our customers. To achieve our results, we recruit the best and brightest employees who ask, listen, and solve to meet our customers' needs!

Job Summary/Essential Functions
The Credit Specialist is responsible for analyzing commercial credits and preparing packets for loan committees. These packets are utilized by senior management for annual review of credit relationships, reaffirming loans due for renewal, and for approving new loans. The position reports to the Saint Louis Credit Supervisor and works directly with Relationship 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.

Preparation of credit packets requires an understanding of financial statements and key financial ratios such as leverage and debt service coverage. Daily work includes research and understanding of loan documentation and various bank systems. Training is provided on documentation and systems for the first 2-3 weeks on the job. Regular feedback is provided and to check understanding of the analysis.

The Saint Louis Credit Department covers the Saint Louis Metro area and the eastern footprint of Commerce including the eastern Community Markets and the Cincinnati and Nashville Commercial Offices. This provides exposure to analysis of businesses in a wide spectrum of industries including manufacturing, healthcare, municipalities, real estate, and agriculture.

Work Schedule
- Full Time, 40 hours per week.
- Monday - Friday 8:00am-5:00pm.
- Location: Downtown Kansas City, Bank Building.

Knowledge, Skills, & Abilities
- Strong organizational skills.
- Ability to multi-task.
- Strong communication and interpersonal skills.
- Familiarity with basic financial concepts and financial statements.
- A desire to learn.
- Due to seasonality, moderate overtime of about 4-6 hours weekly is expected during some
months of the year.

Education/Experience
- Bachelor's Degree in a business related field, with a preference for majors in Finance or
Accounting, or Equivalent Work Experience.
- 6 hours of Finance and 9 hours of Accounting are required.

For this position, federal regulations require Commerce Bank to prepare an investigatory consumer report which will disclose credit history. If you express interest in and are considered for this position, you will be asked to authorize that report.

For this position, Commerce Bank will review your motor vehicle driving record. If you express interest in and are considered for this position, you'll be asked to authorize our review of that record, maintain a valid driver's license, and meet Commerce Bank's driving record criteria; ongoing employment may be contingent upon meeting all driving requirements.
Time Type:
Full time