Credit Analyst

PeoplesBank • Holyoke, MA

1d

About The Position

Join our dynamic team as a Credit Analyst, where you’ll play a key role in assessing financial health and mitigating risk for commercial lending decisions. In this position, you will analyze credit data, financial statements, and market conditions to provide actionable insights that drive sound lending strategies. You’ll prepare clear, data-driven reports for decision-makers, collaborate with peers and managers, and gain exposure to commercial lending practices in a fast-paced, growth-oriented environment. This is an excellent opportunity for detail-oriented professionals with strong analytical skills and a passion for financial research to make an impact while building a career in commercial banking.

Requirements

• Bachelor’s degree in Business, Economics, Finance or Accounting
• One to two years of related experience and/or training
• Knowledge MS Office 365 (including Word & Excel)
• Ability to learn Credit Department and Bank software
• Knowledge of commercial credit products, market trends, and lending procedures
• Strong analytical and problem-solving skills
• High attention to detail and accuracy
• Effective time management and ability to prioritize in fast-paced environments
• Clear and professional communication skills
• Ability to research and present financial insights in an accessible format
• Strong relationship-building and client service skills
• Commitment to confidentiality, compliance, and data security

Responsibilities

• Evaluates the financial condition of applicants for commercial loans with the bank. Analyzes financial statements of borrowers and prospects, identifies primary and secondary sources of repayment, assesses risks, evaluates collateral, calculates cash flow, and researches the borrower’s industry and the economic impact of market conditions, all while considering Loan Policy requirements. Reviews data on new, renewal, and existing loans, including information from credit bureaus, other banks, and bank files. Completes renewals and new/increased limit requests for ACH and RDC.
• Analyzes the financial statements of borrowers, computes ratios, and recommends loan structures, considering policy and appropriate primary and secondary sources of repayment. As an introductory position to commercial lending, this role involves frequent consultation with peers and managers to produce work products. Typically, less complex analyses are assigned to this position.
• Orders and analyzes credit reports from agencies such as Experian. Responds to credit inquiries on both borrowing and non-borrowing commercial accounts in accordance with RMA guidelines.
• May participate in customer and prospect calls as part of the information-gathering team.
• May review appraisals for transactions less than $750,000.
• Assists in maintaining and producing various reports about the Bank's commercial portfolio.
• Complete all yearly compliance training and testing, and comply with bank, federal, and state regulations. Adhere to Bank Policies and Procedures and departmental and bank-wide service standards.
• Perform related duties as required.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 251-500 employees