Credit Analyst I - CRE & C&I

TD Bank•Boston, MA

21h•Onsite

About The Position

The Credit Analyst I is responsible for conducting in-depth industry and financial analysis of existing and potential borrowers. This job works cooperatively to support the Lending and Credit functions of the Bank. Responsible for basic financial analysis of less complex loans/industries/Customers. Work is reviewed and monitored by lead staff. The role requires a basic understanding of loan risk factors. The analyst may research industry-specific information from outside sources, which may include conversations with Borrowers, industry publications, area libraries, references from other banks, credit agencies, as well as accessing information through the Internet. The analyst may participate in Customer meetings and make direct inquiry for specific Customer information based on prior research, experience and knowledge, which may require travel at times. This role is an integral part of the loan origination process and is responsible for performing underwriting analysis of Borrower's character, credit worthiness and financial condition. The Credit Analyst I supports the lending function by providing analytical support and may prepare insightful and timely approval memorandums for presentation to appropriate lending and credit authorities. The analyst may analyze financial statements, management profiles, business and product cycles, cash flow ability, collateral, agings, etc. of future and existing Customers to identify trends, measure performance, assess financial strength and develop an assessment of credit risk. The role may involve maintaining credit files, monitoring data such as updated financial statements and preparing updated analysis memos. The analyst monitors compliance with regulatory requirements and may provide written analysis that identifies any deviations from the Company Commercial Loan Policy and becomes familiar with alternative structures in order to reduce credit risk. The Credit Analyst I achieves operational performance standards in quality and timeliness.

Requirements

4 year degree or equivalent experience
1+ years related experience preferred
Basic knowledge of credit and financial analysis techniques
Strong oral and written communication skills
Strong analytical and research skills
Developed PC skills including proficiency and capability in word processing and spreadsheet software
Ability to meet deadlines
Ability to maintain the confidentiality of credit and Customer information
Good interpersonal skills and team orientation

Responsibilities

Conducting in-depth industry and financial analysis of existing and potential borrowers.
Performing basic financial analysis of less complex loans/industries/Customers.
Researching industry-specific information from outside sources.
Participating in Customer meetings and making direct inquiry for specific Customer information.
Performing underwriting analysis of Borrower's character, credit worthiness and financial condition.
Supporting the lending function by providing analytical support.
Preparing approval memorandums for presentation to appropriate lending and credit authorities.
Analyzing financial statements, management profiles, business and product cycles, cash flow ability, collateral, agings, etc. of future and existing Customers.
Maintaining credit files and monitoring data such as updated financial statements.
Preparing updated analysis memos.
Monitoring compliance with regulatory requirements.
Providing written analysis that identifies any deviations from the Company Commercial Loan Policy.
Becoming familiar with alternative structures in order to reduce credit risk.
Achieving operational performance standards in quality and timeliness.