Credit Analyst

Institution for Savings • Rowley, MA

2d • $68,500 - $85,500

About The Position

The Institution for Savings is seeking a full-time Credit Analyst to support the Bank’s commercial lending team. This position will be responsible for analyzing financial information, assessing credit risk for new and existing commercial loan relationships, and provide loan approval recommendations to senior staff.

Requirements

• Bachelor’s degree in Finance, Account, Business or related fields
• 1-3 years of commercial credit analysis or underwriting experience
• Strong financial statement and cash flow analysis skills
• Knowledge of commercial lending structures and risk assessment.
• Attention to detail with strong written and verbal communication skills.
• Ability to manage multiple deadlines in a fast-paced environment.
• Knowledge of Microsoft Excel Spreadsheet software and Microsoft Word Processing software

Nice To Haves

• Jack Henry Database and LoanVantage knowledge preferred.

Responsibilities

• Assists in gathering required information on loans.
• Order credit reports and D&B reports.
• Assist with risk rating changes and other commercial loan maintenance, as needed.
• Analyze financial statements and other credit information.
• Assist Lenders by completing written analysis for new and existing commercial loan customers, including line of credit renewals.
• Ability to interact directly with clients and prospects on financial matters related to the respective credits, and on occasion join commercial loan officer on customer calls.
• Analyze the general market and industry, the borrower’s financial information to determine financial condition, trends, repayment ability, collateral support, and guarantor support.
• Identify strengths and weaknesses with each credit and make recommendations for appropriate risk ratings in accordance with Commercial Loan Policy.
• Annually review the credit quality of designated loans in the Bank’s existing commercial loan portfolio, to include review of current financial information, repayment ability, and adherence to covenant requirements.
• Make recommendations and implement credit rating changes as approved by Senior Management.
• Perform special projects and assist credit officer as needed.

Benefits

• 100% paid medical
• 100% paid dental
• 100% paid vision insurance
• 401(k) match up to 10%
• Life Insurance
• Pet Insurance
• Disability Plan
• Pension Plan after 2 years of service
• Quarterly Incentive plan
• Generous vacation and paid-time off

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level