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Senior Commercial Credit Analyst

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Career Details

Full-Time Newburyport, MA Posted on 12/6/2019

Senior Commercial Credit Analyst

Regular Full-Time

Newburyport, MA, US

Due to our continued growth, we are currently recruiting for an experienced Sr. Commercial Credit Analyst. The Sr. Analyst will provide training to other analysts in all aspects of credit analysis, documentation, financial statement review and loan structuring.  

 Essential Duties and Responsibilities include the following; however other duties may be assigned as dictated by business need:  

 1. Demonstrates understanding of and commitment to the bank’s ongoing mission, vision and core values.   

2. Prepares commercial credit write-ups for presentation to Loan Committee, remaining current on all Bank credit policies and existing regulations, verifying conformity and noting exceptions in existing and prospective credit relationships.  

3. Reviews third party Commercial Appraisal Reports.   

4. Performs annual review of commercial borrowers and assists commercial department with report preparation and other duties as requested.   

5. Spreads financial statements and maintains financial spreadsheets accurately while completing preliminary review of personal and corporate credit worthiness for potential new borrowers.  

6. Recognizes and assesses pertinent risks and identifies the impact of non-financial and external factors, which range from general economic issues to industry and management issues, and may impact the borrower’s ability to meet its obligations.   

7. Gathers and assimilates appropriate data for each credit analysis and determines the need to request additional information in order to complete work assignments on a timely basis, meeting applicable deadlines and working independently.   

8. Tracks Lines of Credit Report for document sufficiency, proper credit file structure, credit approval, covenant compliance and annual renewal.  

9. Ensures proper risk rating of all commercial loans consistent with Bank approved ratings and changes required by regulatory authorities.   

10. Ensures the establishment and tracking of NAICS codes in order to identify and manage concentration of risk.   

11. Identifies potential or developing problems within the loan portfolio and recommends action plans and risk rating adjustments as needed.   

12. Prepares Quarterly Reports including – top 20 Commercial Borrower Report, Construction Loan Status Overview and other Loan Committee and/or Board reports as requested.   

13. Assists Commercial Loan Officers with structuring commercial loans.   

14. Each employee is responsible and accountable for actively engaging and participating in the bank’s ongoing coaching process, on a minimum of a quarterly basis, through participation in one on one coaching sessions, touch-points, and monthly staff.   

15. Demonstrates understanding and compliance with Bank policies and procedures as well as regulatory guidelines as applicable to the position.   

16. Works with other employees of the department & organization as a positive, enthusiastic and proactive team member.   

17. Performs additional duties as requested or assigned.  

Qualifications: Minimum of Bachelor’s degree with specialization in business or finance, in addition to a minimum of 10 years of experience in a credit analysis role within the banking/financial services industry. Strong understanding of commercial lending financial analysis and business structures, corporate and personal financial statements in order to determine credit worthiness and risk, ability to translate market data and valuation calculations in appraisal reports. Detail orientation, ability to work successfully with deadlines and time constraints, ability to learn basics of the Bank’s products and services including loan products, self-motivation and decision making skills required. Working knowledge of general banking and lending concepts and principals in addition to strong experience with and understanding of Microsoft applications (Word, Excel and Outlook). Professional demeanor and professional maturity required for working closely with customers, employees, vendors and members of the Board of Directors.  

 Physical Demands : The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to stand; walk; sit; reach; climb or balance and stoop. The employee may occasionally lift and /or move up to 15 pounds. Specific vision abilities required by this job include color vision and depth perception. Ability to use telephones, computers, printers, fax, and photocopiers required. May be required to travel to other Bank offices, customer or vendor locations for training or other business needs.  

Work Environment : The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.  

  Member FDIC Member DIF EOE/Disabilities/Veterans Equal Housing Lender Bank NMLS#413282