Commercial Credit Analyst II
$55,640–$77,900 year
On-siteNewburyport, Massachusetts, United States
Job Summary
Analyze financial statements, evaluate personal and commercial creditworthiness, and prepare comprehensive credit approval packages for new loan requests. Independently underwrite new financing requests, complete annual commercial loan reviews, and maintain responsibility for assigned borrower relationships. Identify, assess, and document financial, operational, industry, economic, and management risks that may impact a borrower's ability to meet obligations, recommending appropriate risk ratings and action plans when needed. Collect, analyze, and interpret financial and supporting documentation, obtaining additional information as necessary to ensure timely and accurate credit decisions. Maintain commercial credit files and portfolio quality while supporting Commercial Lending with quarterly reviews, preliminary memos, construction site inspections, customer visits, meetings, and loan structuring. Assist junior analysts and interns by answering questions, modeling best practices, and providing guidance on credit analysis and documentation. Ensure compliance with Bank credit policies, lending procedures, federal and state regulations, and the Bank Secrecy Act (BSA), documenting exceptions and verifying transactions and account balances as applicable. Provide administrative support to the Credit Administration team and Commercial Lending Officers while remaining current on Bank products, services, policies, procedures, and regulatory requirements through ongoing training.
Required Qualifications
- Bachelor's degree in Business or a related field
- 2–3 years of banking or financial services experience
- Strong knowledge of accounting, finance, and commercial lending principles
- Ability to perform financial statement analysis, interpret appraisal and market data, and evaluate commercial credit risk
- Strong analytical, decision-making, organizational, and time management skills with excellent attention to detail
- Proficiency in Microsoft Office and other standard business applications
- Self-motivated with the ability to manage multiple priorities and meet deadlines
- Ability to learn and apply knowledge of the Bank's products and services, particularly commercial and loan products
- Strong written and verbal communication skills with the ability to clearly document financial analyses and credit recommendations
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