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Associate Credit Jobs in Kentucky (NOW HIRING)

Peoples Bank

Credit Administrator

Bowling Green, KY · On-site

That's why we seek to create a great benefits package for our associates including: 401(k) ... Plays a critical role in the credit and risk governance activities, including committee ...

Peoples Bank

Credit Administrator

Louisville, KY · On-site

That's why we seek to create a great benefits package for our associates including: 401(k) ... Plays a critical role in the credit and risk governance activities, including committee ...

Peoples Bank

Credit Administrator

Lexington, KY · On-site

That's why we seek to create a great benefits package for our associates including: 401(k) ... Plays a critical role in the credit and risk governance activities, including committee ...

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All JobsAssociate Credit JobsAssociate Credit Jobs in Kentucky

Associate Credit information

How do I become a credit clerk?

To become a credit clerk, candidates typically need a high school diploma or equivalent, along with strong organizational and communication skills. Some employers prefer candidates with experience in accounting, finance, or familiarity with credit management software. On-the-job training is common, and certifications in accounting or credit management can enhance job prospects.

What are the key skills and qualifications needed to thrive as an Associate Credit professional, and why are they important?

To thrive as an Associate Credit professional, you need strong analytical skills, attention to detail, and a solid understanding of financial principles, typically backed by a degree in finance, accounting, or a related field. Proficiency with credit analysis tools, financial modeling software, and CRM systems is often required. Excellent communication, problem-solving abilities, and teamwork are essential soft skills for effectively collaborating with clients and internal teams. These competencies ensure accurate credit assessments, risk management, and the building of strong client relationships, all of which are critical for organizational success.

What are some common challenges faced by an Associate Credit professional, and how can they be overcome?

Associate Credit professionals often encounter challenges such as analyzing complex financial data, balancing multiple client accounts, and meeting tight deadlines for credit assessments. Effective time management and strong analytical skills are crucial to handle these tasks efficiently. Collaboration with senior credit analysts and other departments, such as sales or risk management, can provide valuable insights and support. Continuous learning about industry regulations and credit risk models also helps in staying updated and improving performance.

What is the highest paying job in credit?

The highest paying roles in credit typically include senior positions such as Chief Credit Officer or Credit Director, which oversee credit risk management and strategy. These roles often require extensive experience, advanced certifications like CFA or CPA, and strong leadership skills, with salaries reaching into six figures or higher depending on the organization and location.

What are Associate Credit professionals?

Associate Credit professionals are entry- to mid-level employees who work in financial institutions or corporate finance teams, focusing on assessing the creditworthiness of individuals or companies. Their responsibilities often include analyzing financial statements, preparing credit reports, assisting in loan underwriting, and monitoring existing credit portfolios. They play a crucial role in ensuring that lending decisions are based on sound financial analysis and risk assessment. Associate Credit professionals typically work under the supervision of senior credit analysts or managers and may interact with clients to gather necessary financial information.

What is the difference between Associate Credit vs Credit Analyst?

AspectAssociate CreditCredit Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; some roles may require certifications like CFA or CPABachelor's degree in finance, accounting, or related field; certifications like CFA are common but not mandatory
Work EnvironmentTypically in banking or financial institutions, working in teams to assess creditworthinessOften in banks, credit bureaus, or financial firms, analyzing data and preparing reports
Employer & Industry UsageUsed by banks, lending companies, and financial institutions for credit assessmentUsed by banks, credit agencies, and financial firms for evaluating credit risk

Both Associate Credit and Credit Analyst roles involve assessing creditworthiness, requiring similar educational backgrounds and working in financial environments. The main difference lies in job scope: Associate Credit often supports credit decision processes, while Credit Analysts perform detailed credit risk analysis and reporting.

Will a credit analyst be replaced by AI?

Credit analysts perform tasks such as evaluating financial data and assessing credit risk, which can be partially automated using AI tools. However, human judgment remains essential for complex analysis, relationship management, and decision-making, so full replacement is unlikely in the near term.

What is a credit associate job?

A credit associate is responsible for evaluating and analyzing credit data to determine the risk of lending money or extending credit to individuals or businesses. They often review financial statements, credit reports, and use credit scoring tools to make informed decisions, typically working in banking or financial services environments. Strong analytical skills and knowledge of credit policies are essential for this role.

What Is a Credit Associate?

A credit associate or analyst determines whether or not clients are good candidates for credit cards, loans, or financing options. Credit associate jobs are found in the banking industry and other corporate settings that provide financial services, like vehicle dealerships. Job duties include gathering data about potential clients, analyzing their financial information, and making a recommendation about their credit risk. The qualifications for this career are a bachelor’s degree in accounting or finance, experience in the financial industry, and quantitative analysis skills.

More about Associate Credit jobs
What are the most commonly searched types of Credit jobs in Kentucky? The most popular types of Credit jobs in Kentucky are:
What cities in Kentucky are hiring for Associate Credit jobs? Cities in Kentucky with the most Associate Credit job openings:
Associate Credit jobs near you

Commercial Underwriter II

First Baptist Church of Alamance

Saint Matthews, KY

$58K - $78K/yr

Full-time

Re-posted 26 days ago

Job description

We do the right things, right now.  We do them in a way that is relevant to our clients.  Become a part of our history as it continues to be written! 
If you are interested and qualified for this role, we invite you to apply.

The Commercial Underwriter II is expected to build proficiency in underwriting, developing the ability to complete the underwriting process from beginning to end with limited oversight. As the associate progresses in learning objectives, they will begin to underwrite increasingly complex commercial relationships to determine the creditworthiness of applicants within bank credit policies and guidelines. This role involves financial statement analysis, risk assessment and strategic decision making with guidance from the Associate Credit Officer and experienced underwriters. The position requires intermediate knowledge of underwriting principles and strong decision making skills.

Essential Functions/Responsibilities

  • Performs financial analysis and risk assessment for the commercial credit portfolio Within the Business Banking , Commercial & Industrial, Commercial Real Estate, or Specialty Commercial (Asset Based, Structured Cash Flow and ESOP) business lines of the Bank. Focus on new business and larger and/or more complex renewal transactions.
  • Reviews commercial loan applications and analyzes credit information on commercial applicants to make a general assessment of applicant's creditworthiness. Determines whether or not the proposed loan will conform to the Bank's lending policy. Provide feedback to the Sales and Credit teams, as appropriate, regarding the structure, underwriting, and management of loans. Maintain on-going communication with all appropriate management on the status of transactions.
  • Work directly with relationship managers and portfolio managers during underwriting process, including discussion with clients on credit and financial statement questions.
  • Financial statement spreads and covenant testing for existing clients not assigned to credit portfolio analyst.
  • Complete accurate Credit Memos for presentation to the appropriate credit authorities for decision-making on new loan credit requests, renewals, loan modifications, and periods credit reviews. Provide commentary within the credit memo as to underwriter support of such credit request or review.
  • Assist in the management of workflow and assigned credits
  • Attend local/ regional meetings

Minimum Knowledge, Skills, and Abilities Needed to Perform Essential Functions of the Job

  • Bachelor's Degree, preferably in Accounting, Finance, Economics, Business Administration
  • Three to five years of credit or Business Banking underwriting experience
  • Proficiency in mathematical concepts, in order to apply to practical situations.
  • Knowledge of advanced accounting principles and techniques
  • Strong interpersonal and communication skills
  • Strong organizational skills with attention to detail, planning and follow-up
  • Ability to work independently on multiple tasks without compromising quality
  • Proficient use of Microsoft Office and other internet resources
  • Team oriented

Preferred Knowledge and Skills

  • Master's Degree in Business

Level of Complexity and Scope

  • Manages a broad range of commercial loan applications across various industries and risk factors. The complexity is heightened by the need to understand intricate business operations, financial health, and industry-specific risk

Degree of Independence and Decision-Making

  • Moderate to high level of independence compared to entry-level positions. They are expected to make decisions on underwriting commercial loan applications, assess risk, and underwriting decisions with a certain level of autonomy.

Required Supervisory Responsibilities

  • No direct supervisory responsibilities.

Physical Requirements

  • Prolonged periods of deskwork.
  • Frequent use of computer, keyboard, phone and office equipment.
  • Occasional moving within the office or to other locations within the building.
  • Occasionally lifting and carrying light objects, typically up to 10-15 pounds.
  • Occasionally reaching for items on shelves or in drawers.
  • Clear and effective communication in person and over the phone.
  • Ability to move within an office environment.

Compliance Statement

The associate is responsible for meeting all compliance requirements imposed on First Financial Bank by State and Federal law and regulation, as well as all related First Financial Bank policies and procedures. This includes all Bank Secrecy Act, Anti-Money Laundering, OFAC and Suspicious Activity reporting requirements, as well as all other lending and deposit compliance requirements.

Development and Training

Pay Range:

$58,000/year to $78,000/year

Benefits

We have relevant, thoughtful benefits and programs that support every aspect of our associates' holistic wellbeing. Please review our Benefits Guide.

Incentive Eligibility

All roles are incentive eligible with the exception of Co-Op, Intern, or Student positions.

It is our policy to not discriminate against any individual in violation of federal, state, and local laws as it relates to age, race, color, religion, national origin, sex, marital status, pregnancy, gender identity, disability, sexual orientation, genetic information, veteran/military service, or any other characteristic protected by law.

We are an E-Verify Employer.

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