Credit Team Lead
About The Position
River Run is a shared services organization supporting banking affiliates Newburyport Bank, Pentucket Bank, and Rollstone Bank & Trust. The Credit Team Lead supervises and develops a team of Credit Analysts, oversees workflow execution, onboarding, and training, and implements and communicates updates to underwriting processes and credit policies. The role may also underwrite transactions by analyzing financial information and working closely with Credit and Lending teams so decision-makers receive clear, comprehensive credit insights. The position follows a hybrid work model: three days per week onsite at the Leominster, Massachusetts office and two days per week working remotely from home. The role supports credit, lending, and portfolio monitoring activities across the MHC banks, and occasionally includes construction site visits and inspections and attendance at customer meetings.
Requirements
- Bachelor’s degree in finance, accounting, business, or a related field.
- Minimum 7–10 years of experience in commercial credit analysis or underwriting in a banking environment.
- Strong knowledge of bank policies, procedures, and regulatory requirements.
- Expertise in cash flow analysis, loan policy, covenants, and compliance, with the ability to train others.
- Solid foundation in finance and accounting.
- Clear and effective written and verbal communication skills.
- Proficiency in spreadsheets, credit spreading tools, and loan systems.
- Ability to underwrite and structure complex credit deals, including CRE, C&I, and multi-entity transactions.
- Ability to communicate complex concepts clearly to financial and non-financial audiences.
Nice To Haves
- Master’s degree preferred.
Responsibilities
- Provide leadership and guidance to the Credit team, fostering a collaborative, high-performance environment and supporting MHC’s credit culture.
- Manage departmental and analyst workflows, ensuring timing, content, and quality expectations are met.
- Perform managerial responsibilities including performance management, coaching, mentoring, and team development aligned with MHC credit practices.
- Collaborate with stakeholders in Credit, Lending, and Portfolio Management at all MHC banks to support credit decisions, origination, and portfolio monitoring.
- Identify emerging or potential loan portfolio issues and recommend action plans or risk-rating adjustments, considering implications for the broader MHC portfolio.
- Complete annual reviews and process new credit requests for commercial borrowers, ensuring thorough evaluations aligned with MHC’s credit strategy.
- Provide backup support for specialized departmental functions, such as appraisal or environmental documentation and reporting, and other tasks within the employee’s expertise.
- Demonstrate commitment to the Bank’s mission, vision, and core values through actions and decisions consistent with MHC’s credit culture.
- Occasionally conduct construction site visits and inspections, attend customer meetings, and support underwriting and portfolio monitoring for Commercial Lenders across the MHC.
- Potentially underwrite transactions by analyzing financials and providing decision-makers with clear, comprehensive credit insights.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
