Business Banking Credit Analyst II

River Run Services•Newburyport, MA

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 commercial borrower evaluations, partnering with Business Banking Loan Officers to structure transactions and manage underwriting from initial request through credit decision. The analyst independently reviews financial statements and maintains accurate financial spreads to evaluate the personal and corporate creditworthiness of existing and prospective borrowers. The position prepares comprehensive credit approval documents describing borrowers’ financial profiles and creditworthiness, as well as requested credit facility structures and terms. It works with the Business Banking Credit Lead and analyst team to support consistent underwriting and risk management, evaluates borrower, industry, management, economic, and other relevant risks, and gathers appropriate information to complete assignments accurately and on time. The role follows Bank credit policies and applicable regulations, documents exceptions, provides administrative support to Credit Administration and Commercial Lending Officers as requested, and stays current on Bank products, procedures, policies, and regulatory and compliance requirements. It helps ensure compliance with federal and state laws, Bank policies, and applicable Bank Secrecy Act requirements, safeguarding the Bank’s interests.

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.
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, 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 acquire knowledge of the Bank’s products and services, particularly loan and commercial products.
Ability to meet deadlines and time constraints.
Attention to detail.
Self-motivated.
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 evaluations of commercial borrowers.
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 to evaluate existing and prospective borrowers’ personal and corporate creditworthiness.
Prepare comprehensive credit approval documents presenting borrower 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 assess relevant borrower, industry, management, economic, non-financial, and external risks and their potential impact on repayment ability.
Collect and integrate appropriate information for credit analyses and identify when additional information is needed to complete assignments on time.
Follow Bank credit policies and applicable regulations, confirm conformity in credit relationships, and document 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 through meetings and required training.
Help ensure compliance with federal and state laws, regulations, Bank policies, and applicable Bank Secrecy Act requirements.
Verify transactions and account balances for compliance with Bank policies and applicable regulations.