Credit Assistant

Middlesex Savings Bank•Natick, MA

6d•Hybrid

About The Position

Please note this job/department may change location in the second half of the year from 36 Summer Street, Natick MA to 120 Flanders Road, Westborough MA. This is a Hybrid work schedule, 3 days in the office and 2 days remote in Massachusetts. Overview Provides administrative support to the Credit Analysis Department and assists in the preparation of credit analyses. Performs any functions, within scope of authority and expertise, to provide the highest level of service and responsiveness to customers and co-workers.

Requirements

Associate's Degree or equivalent is required
1-2 years business experience is required
Knowledge of accounting is required.
High attention to detail with strong analytical, communication, and interpersonal skills required.
Strong working knowledge of Microsoft Office Suite and ability to learn new software, including the Bank’s Commercial Loan Origination System.

Nice To Haves

Bachelor's Degree is preferred
Prior banking experience is preferred
Knowledge of credit analysis and banking is preferred.

Responsibilities

Prepare weekly Senior Credit Committee distribution package, including completion of Agenda and Minutes.
Prepare Minutes for quarterly Loan Portfolio Review meeting.
Spread a variety of financial statements and prepare cash flow analyses.
Assist Credit Analysts in the analysis process, including obtaining industry information, providing spreads and cash flow tables, and other support.
Train with an assigned Senior Credit Analyst to further develop skillset.
Under the guidance of assigned Senior Credit Analyst, analyze financial statements and provide interpretative analysis for use in loan decision making.
May be assigned underwriting for renewals, modifications, or new money requests.
Underwrite existing credits as part of the Bank’s routine portfolio monitoring. This includes mortgage and investment reviews as well as support of the annual portfolio monitoring reports presented to Senior Management, the Board, and other Bank Committees.
Work with credit colleagues, lenders, lending assistants, and other departments on a routine basis, demonstrating strong communication and teamwork skills throughout.
Support special projects within the Credit Analysis Department as required.
Perform all duties in compliance with regulatory guidelines.
Performs any functions, within scope of authority and expertise, to provide the highest level of service and responsiveness to customers and co-workers.