Commercial Credit Analyst (I or II)
About The Position
River Run, a shared services organization supporting Newburyport Bank, Pentucket Bank, and Rollstone Bank & Trust, is seeking a Commercial Credit Analyst to join its Credit Administration team. The role identifies, monitors, and evaluates credit risk in a commercial banking environment through financial spreading and analysis, credit underwriting, borrower evaluations, covenant testing, and portfolio monitoring. The level of responsibility depends on the candidate’s experience and qualifications. The position may suit an experienced analyst who can independently manage underwriting requests and annual reviews and support junior analysts and interns, or an earlier-career professional with a strong banking, finance, or accounting foundation who is developing commercial credit analysis skills. The analyst prepares credit approval documents, analyzes borrower financial information, conducts annual reviews, monitors the loan portfolio, identifies credit concerns, maintains credit files, and collaborates with Commercial Loan Officers on credit requests and underwriting. The role also supports lender site visits and customer meetings as needed, assists with related team projects, completes required training, and follows applicable credit policies, regulatory requirements, and internal procedures. Analyst II employees additionally manage underwriting and annual reviews independently, evaluate complex borrower information, make credit approval recommendations, support junior analysts and interns, and balance assignments and deadlines.
Requirements
- Bachelor’s degree in business, finance, accounting, or a related field.
- Analyst I: Typically 1–2 years of experience in banking or financial services.
- Analyst II: Typically 2–3 years of experience in banking or financial services, with the ability to independently manage underwriting requests and annual reviews.
- Knowledge of accounting and finance principles, banking and lending concepts, and credit analysis.
- Ability to analyze financial information, identify risks, and interpret relevant financial and market data.
- Strong attention to detail, organizational skills, and decision-making abilities.
- Proficiency with Microsoft Office applications, particularly Excel.
- Ability to communicate effectively, collaborate with business partners, and meet deadlines.
Responsibilities
- Prepare comprehensive credit approval documents outlining borrower financials, credit requests, repayment capacity, and identified risks.
- Analyze financial statements and manage financial spreadsheets to evaluate the personal and corporate creditworthiness of prospective and existing borrowers.
- Conduct annual reviews of commercial borrowers and support ongoing monitoring of the commercial loan portfolio.
- Evaluate financial, economic, industry, management, and other non-financial factors that may affect a borrower’s ability to meet obligations.
- Gather and evaluate relevant financial and borrower information, identify additional documentation needs, and complete assignments accurately and within established deadlines.
- Identify potential or developing credit concerns within the loan portfolio and recommend appropriate action plans and risk rating adjustments.
- Maintain accurate credit files and support commercial loan quality control, including quarterly updates, preliminary memos, and other documentation.
- Collaborate with Commercial Loan Officers on credit requests, loan structures, and related underwriting activities.
- Support Commercial Lenders with construction site visits, inspections, customer visits, and meetings, as needed.
- Assist the Credit Administration team and Commercial Lending Officers with related projects and support activities.
- Follow applicable credit policies, regulatory requirements, and internal procedures to help maintain sound credit quality and manage risk.
- Complete required training and remain current on bank products, services, policies, and compliance requirements.
- Attend team meetings, complete mandatory training on schedule, and apply current knowledge to ensure accuracy and compliance in daily operations.
- Help ensure adherence to federal and state laws, regulations, and bank policies by preventing violations, minimizing risks, and safeguarding 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 to the role.
- Perform other duties as assigned.
- For Analyst II: Independently manage underwriting and analysis of new financing requests while completing annual reviews.
- For Analyst II: Exercise sound judgment in evaluating complex borrower information and preparing credit approval recommendations.
- For Analyst II: Serve as a resource to junior analysts and interns, answering questions and modeling best practices in credit analysis and documentation.
- For Analyst II: Manage assignments independently while balancing competing priorities and deadlines.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
