Business Banking Credit Team Lead

River Run Services•Newburyport, MA

About The Position

River Run is a shared services organization supporting Newburyport Bank, Pentucket Bank, and Rollstone Bank & Trust. The Business Banking Credit Team Lead leads the Business Banking credit underwriting process and manages the incoming loan request pipeline, ensuring timely and consistent execution of credit requests. The role provides guidance and oversight to credit analysts in financial spreading, credit analysis, underwriting, and commercial borrower evaluation, and serves as a primary credit approver for Business Banking loan requests up to $1 million. The Team Lead partners with Business Banking lenders to structure transactions, resolve credit issues, and facilitate underwriting. The position coordinates the use of Business Banking loan and credit systems and supports process improvements, training, and special projects. It oversees analysis and underwriting of existing and prospective borrowers, including review of financial statements, financial spreads, creditworthiness, and comprehensive credit approval documents. The role supervises, manages, and develops Business Banking credit analysts; oversees workflow and allocation of credit requests; and supports recruitment, onboarding, training, performance reviews, and coaching. It also provides underwriting support for complex C&I transactions when needed, oversees annual reviews of commercial borrowers, and supports the Commercial Lending team with reporting and other credit-related assignments. The Team Lead guides credit risk assessment, monitors the portfolio for emerging concerns, and advises on action plans and risk-rating adjustments. The role ensures compliance with Bank credit policies, procedures, applicable laws and regulations, and requirements related to the Bank Secrecy Act (BSA).

Requirements

5–8 years of experience in commercial credit analysis, business banking, commercial lending, or underwriting, with progressively increasing responsibility for credit decisions and risk assessment.
Strong knowledge of general accounting and finance principles.
Strong knowledge of general banking and lending concepts and principles, and SBA lending.
Strong decision-making skills.
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-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.
Equivalent combinations of education, commercial credit experience, and relevant training may be considered.

Responsibilities

Lead the Business Banking credit underwriting process and manage the incoming loan request pipeline.
Guide and oversee credit analysts in financial spreading, credit analysis, underwriting, and commercial borrower evaluation.
Review transactions and provide credit guidance; act as a primary credit approver for Business Banking loan requests up to $1 million.
Partner with Business Banking lenders to structure transactions, resolve credit issues, and facilitate underwriting.
Coordinate the use of Business Banking loan and credit systems and support process improvements, training, and special projects.
Oversee analysis and underwriting of existing and prospective borrowers, including review of financial statements, financial spreads, and creditworthiness.
Review credit approval documents to ensure the borrower’s financial profile, key risks, credit structure, and requested terms are accurately and clearly presented.
Manage and develop credit analysts by establishing performance expectations, providing feedback and coaching, conducting performance reviews, and addressing performance concerns.
Support recruitment, onboarding, and training of credit team members, as applicable.
Oversee the credit pipeline and workflow, including allocation of work and timely completion of requests.
Underwrite and prepare credit approval documents for complex C&I transactions when necessary.
Oversee annual reviews of commercial borrowers and support the Commercial Lending team with reporting and other credit-related assignments.
Guide analysts in identifying and evaluating economic, industry, management, and other credit risks.
Monitor the Business Banking portfolio for emerging credit concerns and guide action plans and risk-rating adjustments.
Ensure adherence to Bank credit policies, procedures, applicable laws, and regulations, including appropriate identification, documentation, and escalation of exceptions.
Maintain knowledge of Bank products, services, policies, procedures, and regulatory requirements, and communicate relevant updates to the credit team.
Oversee transactions, account information, and supporting documentation, as applicable, to ensure compliance with Bank policies, regulatory requirements, and the Bank Secrecy Act (BSA).