Commercial Credit Underwriter II

Northern Bank•Woburn, MA

2d•$65,000 - $85,000

About The Position

The Franchise & C&I Credit Analyst II evaluates and underwrites franchise and commercial and industrial (C&I) loan opportunities. The role analyzes borrower and guarantor financial performance, business operations, repayment capacity, and collateral to assess risk and creditworthiness, and provides recommendations to support lending decisions. The position works with Loan Officers through loan origination, underwriting, and closing, and performs annual reviews and ongoing monitoring of assigned credit relationships. Northern Bank & Trust Company is a full-service bank providing deposit products, loans, and payment and collections services to entrepreneurial customers locally and across the country. Founded in 1960, the bank has assets of over $3 billion and 12 locations serving communities throughout Middlesex County.

Requirements

Strong analytical and math skills.
Bachelor’s degree in finance, accounting, business, or a related field.
Experience with commercial real estate lending, including multifamily, office, retail, or industrial.
Understanding of appraisal and collateral valuation concepts.
1–3+ years of experience in credit analysis, commercial banking, or real estate underwriting.
Proficiency in Microsoft Office, including Excel and Word, and familiarity with basic computer applications.
Ability to multitask, prioritize work, and adapt to changes in the working environment.
Clear written and verbal communication skills.

Nice To Haves

Salesforce experience.

Responsibilities

Analyze borrower and guarantor financial statements, tax returns, personal financial statements, and global cash flow.
Evaluate historical and projected business performance, including revenue trends, profitability, EBITDA, debt service coverage, leverage, and liquidity.
Assess loan structure, collateral, repayment sources, and guarantor support to determine overall credit risk.
Analyze franchise relationships and multi-unit networks, including unit-level and consolidated operating performance where applicable.
Prepare clear, concise credit memoranda and loan presentations that identify key risks, mitigants, and recommendations.
Conduct industry, market, franchise brand, and competitive research to identify trends and potential credit risks.
Evaluate business valuations, collateral coverage, and other supporting due diligence, as applicable.
Review applicable third-party reports and supporting documentation and identify material risks or concerns.
Support loan origination, underwriting, and closing processes in partnership with Loan Officers.
Perform annual reviews and ongoing monitoring of assigned credit relationships, including financial covenant compliance and changes in credit quality.
Assist in maintaining Bank filing systems as new information is received.
Participate in ongoing process improvement initiatives.