Business Banking Credit Analyst

Washington Trust • Warwick, RI

110d • $50,000 - $65,000 • Hybrid

About The Position

The Washington Trust Company is seeking a Business Banking Credit Analyst to support its Business Banking team in Warwick, Rhode Island. The role researches, gathers, and analyzes information and prepares credit write-ups to support credit decisions and underwriting for business banking commercial loans. It provides exposure to multiple aspects of commercial lending and involves interaction with customers and internal staff. The position supports a hybrid on-site and remote work schedule.

Requirements

• College degree focused on finance or accounting, or equivalent experience (preferred).
• Proven academic or work experience in financial analysis.
• Knowledge of commercial underwriting and analysis.
• At least 2 years of experience in a credit analyst role.
• Strong analytical and organizational skills, with attention to detail.
• Ability to creatively analyze different situations and data.
• Strong oral and written communication skills.
• Proficiency with Microsoft Word and Excel.

Nice To Haves

• College degree focused on finance or accounting, or equivalent experience.
• Proficiency in financial report writing and report maintenance.
• Experience underwriting loans under U.S. Small Business Administration (SBA) loan guarantee programs.

Responsibilities

• Develop and analyze credit information for small business lending transactions, including historical and current financials, pro formas, annual status reviews, property inspections, and special projects.
• Evaluate credit risk, industry and market conditions, collateral, and borrowers’ ability to service debt.
• Objectively analyze business financial statements and personal financial tax returns and statements, and communicate findings in writing.
• Contact clients and other professionals to clarify financial statements, obtain updated financial information, and address other loan-analysis questions.
• Accompany lenders or portfolio managers on customer calls when appropriate to obtain information for file updates or analysis of new loan requests.
• Update the financial statement tickler file as statements are received and contact customers who have not provided financial statements on time.
• Work with portfolio managers and lenders to evaluate new business as needed.
• Assist with internal and external audits and respond to compliance information requests as needed.

Benefits

• The position may be eligible for an annual bonus.
• Comprehensive benefits package, including health and welfare benefits, paid time off, a work-life program, and a 401(k) plan.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level