Credit Analyst

Beacon Bank•Worcester, MA

4d•$52,000 - $90,498

About The Position

The Credit Analyst analyzes and underwrites credit requests for Bank prospects and customers and maintains and monitors loans within the portfolio under the supervision of lending officers. The role evaluates credit requests using available financial, customer, market, and other information, assesses compliance with Bank policy, and communicates analysis and deal considerations with Relationship Managers and other professionals. It also supports portfolio monitoring, annual reviews, identification of potential problem loans and deficiencies, and customer inquiries about loans and retail products.

Requirements

Bachelor’s degree in a relevant field.
At least two years of commercial credit experience.
Excellent written and oral communication skills.
Extensive knowledge of PC applications, including Excel, Word, and Access.
Well versed in the Bank’s credit policy and underwriting standards.
Familiarity with and ability to fulfill compliance requirements.

Responsibilities

Analyze and underwrite credit requests in a timely manner using resources such as applications, spreads, financial statements, tax returns, credit bureaus, customer or prospect meetings, appraisals, web research, and other sources as needed.
Determine whether requests comply with Bank policy and note any exceptions.
Discuss deal structure, cash flow, collateral, and customer character with Relationship Managers.
Accompany Relationship Managers on customer calls and interact with customers in person and by phone as directed by the lender.
Interact with financial professionals, including CPAs and CFOs, as needed to assist with underwriting credit memos.
Present written analysis and observe presentations by lenders.
Conduct market surveys through contacts with brokers, online research, and other sources.
Manage the existing customer portfolio by tracking and preparing annual reviews of relationship obligations.
Maintain the tracking database with updated information as needed.
Identify potential problem loans and deficiencies.
Assist customers with questions regarding loans and retail products when needed.