Credit Analyst

Eastern Bank•Boston, MA

12d•$25 - $39•Onsite

About The Position

Eastern Bank is offering a unique opportunity to the right individuals to begin a career in commercial banking by joining Eastern Banks formal credit training program. The average time spent in a credit training program is two to three years. The program will involve assignment rotations through various lending groups including Commercial Real Estate, Middle Market Lending, and the Managed Assets group. After the successful completion of the program, the credit analyst should ultimately progress into various roles in different departments across the bank, such as Senior Credit Analyst or Risk Analyst in the Corporate Credit group, Portfolio Manager and/or Relationship Manager in Commercial Real Estate and Middle Market Lending groups, or Business Banker in the Business Banking group. The Credit Department provides analytical support to various departments within the Commercial Banking Division. The successful candidate will learn financial statement and other credit-related analysis, as well as the preparation of credit memoranda in conjunction with the credit approval and review process. The credit analyst position is both an educational and production position.

Requirements

Bachelors degree with concentrations in Finance, Accounting or Economics.
Detailed working understanding of accounting.
Excellent organizational and writing skills.
Proficiency with Microsoft Office suite and internet research engines.
Outstanding presentation and communication skills.

Nice To Haves

1-2 years of experience in various financial fields is a plus.

Responsibilities

Spreading of the financial statements utilizing internal financial analysis software.
Creating independent credit analysis of commercial loan requests of increasing complexity.
Attending of the credit committee.
Analyzing risks associated with Automated Clearing House transactions.
Analyzing risks associated with Correspondent Banking transactions.
Analyzing the company's vendors.