Commercial Credit Analyst (I or II)

River Run Services•Newburyport, MA

About The Position

River Run, a shared services organization supporting Newburyport Bank, Pentucket Bank, and Rollstone Bank & Trust, is hiring a Commercial Credit Analyst for 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 earlier-career professional building commercial credit analysis skills or an experienced candidate who can independently manage underwriting requests and annual reviews and serve as a resource to junior analysts and interns. The Analyst II level carries additional responsibility for independently managing underwriting and analysis of new financing requests and annual reviews, exercising judgment on complex borrower information and credit recommendations, supporting junior analysts and interns, and balancing assignments and deadlines. The role also supports compliance with applicable credit policies, regulatory requirements, and internal procedures; maintains current knowledge of bank products, services, policies, and compliance requirements; and performs other duties as assigned.

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 covering 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 commercial loan portfolio monitoring.
Evaluate financial, economic, industry, management, and other non-financial factors that may affect borrowers’ ability to meet obligations.
Gather and evaluate financial and borrower information, identify additional documentation needs, and complete assignments accurately and on time.
Identify potential or developing credit concerns 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 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 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 daily operations.
Help ensure adherence to federal and state laws, regulations, and bank policies; verify transactions and account balances for compliance with applicable policies, regulations, and the Bank Secrecy Act.
At the Analyst II level, independently manage underwriting and analysis of new financing requests and complete annual reviews.
At the Analyst II level, exercise sound judgment in evaluating complex borrower information and preparing credit approval recommendations.
At the Analyst II level, serve as a resource to junior analysts and interns and model best practices in credit analysis and documentation.
At the Analyst II level, manage assignments independently while balancing competing priorities and deadlines.
Perform other duties as assigned.