Commercial Credit Analyst I
About The Position
River Run is a shared services organization supporting its banking affiliates: Newburyport Bank, Pentucket Bank, and Rollstone Bank & Trust. The Commercial Credit Analyst I identifies, monitors, and describes credit risk in a commercial banking environment. The role performs financial spreading and analysis, credit underwriting, commercial borrower evaluation, covenant testing, and occasional special projects. The analyst reviews personal and corporate creditworthiness for prospective borrowers and prepares comprehensive approval documents for credit requests, working mostly independently. The role conducts annual commercial borrower reviews, prepares reports, and provides additional support to the commercial department. It identifies relevant financial and non-financial risks—including economic, industry, and management factors—and evaluates their potential effects on borrowers’ ability to meet obligations. The analyst gathers and integrates appropriate data, obtains additional information when needed, and completes assignments on time. The role identifies developing problems in the loan portfolio and proposes action plans or risk-rating adjustments. It maintains credit files and commercial loan quality control, supports loan origination staff with updates and preliminary memos, and assists commercial lenders with loan structures, site visits, inspections, customer visits, and meetings. The position supports the Credit Administration Team and Commercial Lending Officers, follows bank credit policies and regulations, records exceptions, and develops knowledge of underwriting standards and risk assessment. It also stays current on bank products, procedures, policies, and regulatory requirements through meetings and required training, and helps ensure compliance with applicable laws, regulations, bank policies, and the Bank Secrecy Act.
Requirements
- Bachelor’s degree in business.
- 1–2 years of experience in banking or financial services.
- Strong knowledge of general accounting and finance principles.
- Strong knowledge of general banking and lending concepts and principles.
- Strong decision-making skills.
- Proficiency with office software, including word processing, spreadsheets, presentations, and email applications.
- Attention to detail.
Responsibilities
- Analyze financial statements and maintain financial spreadsheets accurately while reviewing personal and corporate creditworthiness for prospective borrowers.
- Prepare comprehensive credit approval documents covering prospective borrowers and their credit requests, working mostly independently.
- Conduct annual reviews of commercial borrowers, prepare reports, and perform other commercial department support duties as requested.
- Identify and evaluate relevant risks, including economic, industry, management, and other non-financial factors that may affect a borrower’s ability to meet obligations.
- Collect and integrate data for credit analyses and seek additional information as needed to complete assignments on time and meet deadlines.
- Identify potential or developing problems in the loan portfolio and propose action plans and risk-rating adjustments as needed.
- Maintain ongoing credit files and commercial loan quality control.
- Support commercial loan origination staff with quarterly updates, preliminary memos, and other file comments and related functions.
- Follow bank credit policies and applicable regulations, confirm conformity, and record exceptions in existing and prospective credit relationships.
- Support Commercial Lenders with construction site visits, inspections, customer visits, and customer meetings as needed.
- Assist with commercial loan structures in collaboration with Commercial Loan Officers.
- Provide administrative support to the Credit Administration Team and Commercial Lending Officers as requested.
- Develop understanding of credit policy, underwriting standards, and risk assessment techniques.
- Stay current on bank products, services, procedures, policies, and regulatory and compliance requirements by attending team meetings and completing mandatory training.
- Help ensure compliance with federal and state laws, regulations, and bank policies; prevent violations, minimize risks, and safeguard the Bank’s interests.
- Verify transactions and account balances for compliance with bank policies, state and federal regulations, and the Bank Secrecy Act as applicable.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
