Corporate Banking Credit Analyst I

Citizens•Boston, MA

9h•$80,000 - $90,000

About The Position

The Credit Analyst I will conduct detailed research and analysis of market data, trends and other factors related to the financing that will be considered as part of credit decisions. The individual will support a team of Portfolio Managers and Relationship Managers to understand and apply credit policy and field questions related to financial analysis and interpreting financial statements. Successful Credit Analysts become well-positioned for a promising career in Commercial Credit and are equipped with the fundamentals of underwriting, which will be transferrable to a wide range of opportunities. What we have to offer: Formal training, strategies and tools to support personal growth and the development of strong team relationships Performance-based career growth opportunities and the opportunity to become a future leader in the Commercial Credit space Collaborative workforce committed to supporting ideas and feedback and accelerating potential Team atmosphere of diverse, inclusive professionals committed to making an impact as an organization Opportunities to volunteer and give back to our local communities

Requirements

Equivalent work experience or completion of formal credit training program and up to 2 years of applied financial analysis working with straight forward to moderately complex credits in a commercial banking environment is strongly preferred
Bachelor’s degree is required
3+ years of commercial banking experience is preferred. Commercial Banking experience may include internships, formal credit training, business banking, middle market, and/or specialty commercial banking, commercial banking administration, commercial banking operations, commercial credit/risk oversight, and commercial loan documentation/funding/servicing or other relevant experience.
Position requires basic internet search skills, developed knowledge of financial statement spreading and profitability modeling, effective verbal and written communications skills, ability to manage multiple priorities at once

Responsibilities

Conduct written summaries of related industry and market environments, preliminary customer/prospect analysis including Sponsor analysis, and Borrower’s operating history and repayment capacity
Identify situations that may require policy exceptions and make recommendations that mitigate credit risks or remedy possible exceptions
Communicate internally as well as with customers directly on financial analysis or account management issues
Interact directly with Portfolio Managers and Relationship Managers and to answer questions related to financial reporting requirements, interpreting financial statements from other Credit Analysts and maintaining credit files
Participate in the underwriting process and conduct accurate, well organized analysis of various commercial borrowers including financial statement and projection analysis along with preparing profitability, risk and facility rating models

Benefits

Formal training, strategies and tools to support personal growth and the development of strong team relationships
Performance-based career growth opportunities and the opportunity to become a future leader in the Commercial Credit space
Collaborative workforce committed to supporting ideas and feedback and accelerating potential
Team atmosphere of diverse, inclusive professionals committed to making an impact as an organization
Opportunities to volunteer and give back to our local communities
comprehensive medical, dental and vision coverage
retirement benefits
maternity/paternity leave
flexible work arrangements
education reimbursement
wellness programs