Business Banking Credit Analyst II
About The Position
River Run is a shared services organization supporting its banking affiliates: Newburyport Bank, Pentucket Bank, and Rollstone Bank & Trust. The Business Banking Credit Analyst II 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, and partners with Business Banking Loan Officers to structure transactions and manage underwriting from initial request through credit decision. Special projects and other credit-related assignments may also be assigned. The analyst independently analyzes financial statements and maintains accurate financial spreads while evaluating the personal and corporate creditworthiness of existing and prospective borrowers. The role prepares comprehensive credit approval documents presenting borrowers’ financial profiles, creditworthiness, and requested credit facility structures and terms. In collaboration with the Business Banking Credit Lead and analyst team, the analyst supports consistent underwriting and risk management. The position also evaluates borrower, industry, economic, management, and other relevant risks; gathers appropriate information; and completes assignments within applicable deadlines. The role follows Bank credit policies and regulations, records exceptions, and provides administrative support to the Credit Administration Team and Commercial Lending Officers as requested. It requires staying current on Bank products, services, procedures, policies, and regulatory and compliance requirements through meetings and mandatory training. The analyst helps prevent violations, minimize risk, safeguard the Bank’s interests, and verify transactions and account balances in accordance with applicable policies, laws, regulations, and the Bank Secrecy Act.
Requirements
- Bachelor’s degree in finance, accounting, business administration, economics, or a related field preferred; equivalent education, relevant experience, and training may be considered.
- 2–3 years of experience in credit analysis, commercial or business banking, financial statement analysis, underwriting, or a related financial services role preferred.
- Ability to independently evaluate routine credit relationships, identify and assess borrower and industry risks, and prepare accurate, comprehensive credit approval documentation.
- Strong knowledge of general accounting and finance principles.
- Strong knowledge of general banking and lending concepts and principles, including SBA lending.
- Proficiency with office software for word processing, spreadsheets, presentations, and email.
- Ability to perform basic financial analysis of a company.
- Ability to interpret market data and valuation calculations in appraisal reports.
- Ability to acquire knowledge of Bank products and services, especially loan and commercial products.
- Ability to meet deadlines and time constraints.
- Attention to detail.
- Self-motivation.
- Ability to read and write for prolonged periods to absorb transaction, borrower, or industry information and describe it clearly and concisely.
Responsibilities
- Identify, monitor, and assess credit risk within the Business Banking portfolio.
- Perform financial spreading and analysis, credit underwriting, and commercial borrower evaluations.
- Partner with Business Banking Loan Officers to structure transactions and manage underwriting from initial request through credit decision.
- Independently analyze financial statements and maintain accurate financial spreads while evaluating personal and corporate creditworthiness of existing and prospective borrowers.
- Prepare comprehensive credit approval documents presenting borrowers’ financial profiles, creditworthiness, and requested credit facility structure and terms.
- Work with the Business Banking Credit Lead and analyst team to support consistent credit underwriting and risk management.
- Identify and evaluate relevant borrower, industry, economic, management, non-financial, and external risks and their potential effect on repayment ability.
- Collect and integrate data for credit analyses, determine when additional information is needed, and complete assignments on time and within applicable deadlines.
- Adhere to Bank credit policies and regulations, confirm conformity in credit relationships, and record exceptions.
- 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, state and federal regulations, and the Bank Secrecy Act, as applicable.
- Perform special projects and other credit-related assignments as needed.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
