Commercial Credit Analyst I

River Run Services • Newburyport, MA

2d

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 evaluations, covenant testing, and occasional special projects. It analyzes financial statements, maintains financial spreadsheets, and reviews personal and corporate creditworthiness for prospective borrowers.

The analyst works mostly independently to prepare comprehensive approval documents covering prospective borrowers and credit requests. The role conducts annual commercial borrower reviews, prepares reports, and provides support to the commercial department. It evaluates relevant financial and non-financial risks, including economic, industry, and management factors that may affect a borrower’s ability to meet obligations. The analyst gathers and integrates data, requests additional information as needed, meets deadlines, identifies potential or developing portfolio problems, and proposes action plans and risk-rating adjustments.

The position maintains credit files and commercial loan quality control and supports loan origination staff with quarterly updates, preliminary memos, and file comments. It follows Bank credit policies and regulations, records exceptions, supports lenders with construction site visits, inspections, customer visits, and meetings, and assists with loan structuring in collaboration with Commercial Loan Officers. The analyst also provides administrative support to the Credit Administration Team and Commercial Lending Officers, develops knowledge of credit policies and underwriting standards, and stays current on Bank products, procedures, policies, and regulatory and compliance requirements. The role helps ensure compliance with applicable laws and regulations, including the Bank Secrecy Act, as applicable.

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, spreadsheet, presentation, and mail applications.
• Attention to detail.

Responsibilities

• Identify, monitor, and describe credit risk in a commercial banking environment.
• Perform financial spreading and analysis, credit underwriting, commercial borrower evaluations, and covenant testing.
• Analyze financial statements and maintain accurate financial spreadsheets.
• Review personal and corporate creditworthiness for potential new borrowers.
• Prepare comprehensive credit approval documents largely independently.
• Conduct annual reviews of commercial borrowers and prepare reports.
• Evaluate financial, non-financial, economic, industry, and management risks affecting borrowers’ ability to meet obligations.
• Collect and integrate data for credit analyses and solicit additional information when needed to complete assignments on time.
• Identify potential or developing problems in the loan portfolio and propose action plans and risk-rating adjustments.
• Maintain ongoing credit files and commercial loan quality control.
• Support commercial loan origination staff with quarterly updates, preliminary memos, and other file comments.
• Adhere to Bank credit policies and regulations, confirm conformity, and record exceptions in 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 applicable regulatory and compliance requirements through meetings and training.
• Help ensure compliance with federal and state laws, regulations, Bank policies, and the Bank Secrecy Act as applicable.
• Verify transactions and account balances for compliance with policies and applicable regulations.

What This Job Offers

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