Business Banking Credit Analyst I

River Run Services LLC•Newburyport, MA

11h•$24 - $33•Hybrid

About The Position

River Run is a shared services organization that supports banking affiliates Newburyport Bank, Pentucket Bank, and Rollstone Bank & Trust. The Business Banking Credit Analyst I identifies, monitors, and assesses credit risk within the Business Banking portfolio. The role performs financial spreading and analysis, credit underwriting, and evaluation of commercial borrowers. It partners with Business Banking Loan Officers to structure transactions and manage underwriting from the initial request through the credit decision. The analyst also performs special projects and other credit-related assignments as needed. The position follows a hybrid work model, with three days onsite at the Newburyport, Massachusetts office and two days working remotely from home each week. The analyst supports consistent underwriting and risk management, follows Bank credit policies and applicable regulations, and contributes administrative support to the Credit Administration Team and Commercial Lending Officers as requested. The role requires ongoing attention to the Bank’s products, services, procedures, policies, regulatory requirements, and compliance obligations.

Requirements

Bachelor’s degree in Finance, Accounting, Business Administration, Economics, or a related field preferred; an equivalent combination of education, relevant experience, and training may be considered.
0–2 years of experience in credit analysis, financial statement analysis, commercial or business banking, lending, or a related financial services role preferred.
Foundational knowledge of financial statements, financial spreading, cash flow analysis, and credit risk assessment.
Knowledge of general accounting and finance principles.
Knowledge of general banking and lending concepts and principles, including SBA lending.
Proficiency with office software, including word processing, spreadsheet, presentation, and mail applications.
Ability to perform basic financial analysis of a company.
Ability to interpret market data and valuation calculations in appraisal reports.
Ability to learn the Bank’s products and services, particularly loan and commercial products.
Ability to meet deadlines and time constraints.
Attention to detail and self-motivation.
Ability to read and write for prolonged periods to absorb transaction, borrower, or industry information and describe it clearly and concisely.

Nice To Haves

Bachelor’s degree in Finance, Accounting, Business Administration, Economics, or a related field.
0–2 years of experience in credit analysis, financial statement analysis, commercial or business banking, lending, or a related financial services role.

Responsibilities

Analyze financial statements and maintain accurate financial spreads while evaluating the personal and corporate creditworthiness of existing and prospective borrowers.
Prepare comprehensive credit approval documents presenting the borrower’s financial profile, creditworthiness, and requested credit facility structure and terms.
Work with the Business Banking Credit Lead and analyst team to support consistent, effective credit underwriting and risk management.
Identify and evaluate risks, including the effects of economic, industry, management, and other non-financial or external factors on borrowers’ ability to meet obligations.
Collect and integrate appropriate data for credit analyses, determine when additional information is needed, meet applicable deadlines, and execute assignments independently.
Follow Bank credit policies and regulations, confirm compliance, and record exceptions in existing and prospective credit relationships.
Provide administrative support to the Credit Administration Team and Commercial Lending Officers as requested.
Stay current on Bank products, services, procedures, policies, and regulatory and compliance requirements by attending team meetings, completing mandatory training, and applying knowledge in daily work.
Help ensure compliance with federal and state laws, regulations, and Bank policies by preventing violations, minimizing risks, and safeguarding the Bank’s interests.
Verify transactions and account balances in accordance with Bank policies, applicable state and federal regulations, and the Bank Secrecy Act, as applicable to the role.