Credit Analyst

Beacon Bank • Worcester, MA

3d

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 requests using relevant financial and credit information, assesses compliance with Bank policy, and works with Relationship Managers and other financial professionals to support underwriting decisions. It also manages portfolio monitoring, prepares annual reviews, and helps identify potential problem loans and deficiencies.

Requirements

• Bachelor’s degree in a relevant field.
• Minimum of two years of commercial credit experience.
• Excellent written and oral communication skills.
• Extensive knowledge of PC applications, including Excel, Word, and Access.
• Be well versed in the Bank’s credit policy and underwriting standards.
• Be familiar with and fulfill compliance requirements.

Responsibilities

• Analyze and underwrite credit requests in a timely manner using available applications, spreads, financial statements, tax returns, credit bureau information, customer or prospect meetings, appraisals, web research, and other necessary resources.
• Determine whether credit 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 contact with brokers, online research, and other sources.
• Manage existing customer portfolios by tracking and preparing annual reviews of relationship obligations.
• Maintain a tracking database with updated information.
• Identify potential problem loans and deficiencies.
• Assist customers with questions regarding loans and retail products when needed.

What This Job Offers

• Job Type: Full-time