Commercial Credit Specialist

Florence Bank•Northampton, MA

1d•$23 - $31•Hybrid

About The Position

The Commercial Credit Specialist provides specialized support by servicing the needs of the Commercial Credit Department. This position performs a variety of routine daily tasks and participates in special projects.

Requirements

Associate’s degree or equivalent work-related experience in business, finance, accounting, or related field.
Knowledge of basic accounting strongly preferred.
Accuracy and attention-to-detail are critical to this role.
Strong verbal and written communication skills.
A minimum of one-year of commercial banking experience strongly preferred.
Ability to manage time effectively, balance multiple projects at one one time, and complete accurate work within established deadlines.
Strong PC knowledge.

Nice To Haves

Knowledge of LoanVantage operating system is a plus.

Responsibilities

Consistently provides superior professional service to internal and external customers.
Consistently meets expectations of teamwork, punctuality, and regular, reliable attendance.
Self-directed workflow; effectively manages multiple activities and duties efficiently in a timely manner. Multi-tasks efficiently.
Responsible for the 1-4 family commercial appraisal process, from initial bid to appraisal report acceptance.
Track commercial real estate appraisals from bid to final report acceptance.
Maintain commercial financial statement tracking system, generate request letters, scan appropriate financial documentation to the Bank’s loan operation system and create respective ticklers.
Input, track, and maintain loan covenants.
Track annual reviews, initiate risk rating adjustments, and maintain review dates.
Generate and mail covenant waiver letters. Work with Lenders to ensure the process is completed in a timely manner.
Gathers and uploads all relevant documents related to Borrowing Base tracking and confirms proper maintenance has been completed.
Reviews and prepares appraisal and credit invoices for approval by department management.
Possess a thorough understanding of the Approval Memorandum and Loan Documents necessary to determine and track loan covenants, create financial ticklers, and process annual reviews.
Provide support to all areas of the Commercial Lending Department as directed.
Complete monthly Watch List and TDR report.
Complete and respond in a timely manner to requests for credit reports.
Perform yearly analysis of the Exception Managed Portfolio to determine eligibility of loans and remove noncompliant loans accordingly.
Maintain proficiency in several essential programs, including LoanVantage, Identifi, Insight, and Microsoft Office.
Remains current on all Bank credit policies and existing laws and regulations.
Learn to analyze financial statements and cash flows to determine profitability, capital adequacy, liquidity, asset quality, and the ability to repay existing and proposed obligations.
Learn to spread financial statements and prepare and maintain financial spreads using department software.
Learn to perform personal cash flow analysis and personal financial statement analysis on individuals to determine liquidity, availability, and total liability.
Seeks to improve efficiency in Bank processes.
Deals effectively with others and functions as part of a team in a fast paced, frequently changing environment.
Assumes additional responsibilities, as requested.