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Chamberlain Advisors · 2 weeks ago

Military SkillBridge Internship - Commercial Banking Credit Analyst

Chicago, IL

Internship

Onsite

Intern

3+ years exp

Chamberlain Advisors is seeking dedicated and motivated active-duty military veterans for a SkillBridge Internship in Commercial Banking. This internship provides an opportunity to transition from military service to finance, focusing on financial analysis, risk assessment, and credit scoring as a Credit Analyst in training.

Staffing & Recruiting

Hiring Manager

Brittney Stephenson

Responsibilities

Financial Analysis: Credit analysts evaluate the financial health of businesses by analyzing their financial statements, cash flow, and other relevant data. They assess factors like revenue trends, profit margins, debt levels, and liquidity to determine the borrower's ability to repay loans

Risk Assessment: These analysts assess the risk associated with lending to a particular borrower. They consider industry trends, market conditions, and the borrower's credit history to determine the likelihood of repayment. By identifying potential risks, they help the bank make informed lending decisions

Credit Scoring: Credit analysts use various scoring models to quantify the creditworthiness of applicants. They assign credit scores based on factors such as payment history, credit utilization, and length of credit history. These scores assist in standardizing the evaluation process

Report Preparation: Credit analysts compile their findings into detailed reports that outline their assessment of the applicant's creditworthiness. These reports often include financial ratios, risk analysis, and recommendations for loan terms or credit limits. These reports help senior decision-makers in the bank approve or decline loan applications

Communication: Effective communication is crucial in this role. Credit analysts interact with borrowers to gather additional information, clarify financial details, and discuss potential concerns. They also collaborate with colleagues, such as loan officers and underwriters, to ensure a comprehensive evaluation of each application