Sr Commercial Credit Analyst III

Main Street Bank•Marlborough, MA

2d•$95,500 - $112,500•Hybrid

About The Position

Reporting to the VP Commercial Credit Manager, this position performs independent analysis for new commercial loan requests and conducts independent reviews of existing commercial lending relationships of various sizes, primarily focusing on large and complex ones. The role involves identifying and summarizing risks, highlighting strengths and weaknesses, providing recommended risk ratings, and suggesting alternative structures when necessary, while noting any deviations from Commercial Loan Policy. The analyst will meet independently with commercial loan officers to discuss issues and ask questions. This position may also provide day-to-day mentoring or support to lower-level analysts. Additionally, the role is expected to assist department management with the oversight of the entire commercial portfolio and/or the entire loan portfolio, and work on projects impacting the department and the bank. Key responsibilities include assisting with the development, maintenance, and preparation of tools and reports for commercial workflows (e.g., Application, underwriting, relationship review, ALLL) and general portfolio management and monitoring. The analyst will act as a resource for the Commercial team and contribute to the Bank’s sales and service culture. After successful training and proven abilities, this position is eligible for a hybrid work arrangement, requiring consistent availability during core business hours and a set number of on-site days per month.

Requirements

Bachelor’s degree in Business Administration / Accounting/Finance; MBA preferred, or equivalent work experience.
Typically, a minimum of 5-7 years’ experience independently underwriting complex commercial loan requests.
Solid background in financial institution operating policies and procedures, banking regulations (state and federal).
Commercial Loan structure and commercial credit standards required.
Project management skills.
Effectively use tools and systems to be able to self-manage, organize, and complete work independently, proactively recognizing potential obstacles resolving them before they become an issue, managing to deadlines, creating action plans when not on track, enabling job functions to happen with minimal oversite and meeting conditions of satisfaction.
Proficient in Microsoft 365 Office Suite products and the Internet.
Solid understanding and application of administration activities with an understanding of office procedures and ability to operate standard office equipment.
Ability to identify and quantify subtle business risks and the ability to identify key drivers of credit risk and succinctly focus presentations or written reports accordingly.
Strong critical thinking and problem-solving skills with the ability to navigate complex situations to find efficient, effective, and timely solutions based on balanced consideration of facts, priorities, resources, constraints, and alternatives.
Strong attention to detail monitoring work for accuracy and quality demonstrating a passion for excellence in every aspect of work.
Excellent organizational skills with the ability to organize multiple projects/underwriting requests, managing competing demands and able to deal with frequent change, delays or unexpected events managing workflow and use time efficiently prioritizing to meet tight deadlines.
Excellent communication skills with a responsive and professional approach with internal and external stakeholders.
Ability to thrive within a fast-paced work environment and prioritize and track many simultaneously competing tasks and responsibilities.
Outstanding customer service skills (in person, over the phone or video conference).
The person in this position occasionally communicates with customers about banking products, their bank accounts & transactions and therefore must be able to exchange accurate information in these cases.
Will need to use judgment and discretion in decision making situations, interpret and follow all Bank policies and procedures, write/create reports, and business correspondence.
Ability to speak and effectively present/communicate information and respond to questions from customers, groups of managers, Board of Directors, vendors and other employees.
Ability to define problems, collect data, establish facts, and draw valid conclusions.
Ability to read, analyze, and interpret a variety of documents such as bank statements, Loan documents and Bank policies and procedures.
Occasionally lift and/or move up to 10 pounds (i.e. files).
Regularly required to remain in a stationary position, greater than 75% of the time.
Consistently operate a computer for extended periods of time.
Regular use of office productivity machinery (i.e. a calculator, copy machine, fax machine, computer printer).
Consistently available during core business hours and able to work alternative schedules that meet the needs of the bank, which may include early morning, evening and/or weekend hours.

Nice To Haves

MBA preferred
Abrigo/Sageworks (or similar) statement spreading, LOS software and basic familiarity with Salesforce CRM or related customer relationship management platforms experience preferred.
Commercial Loan Origination Systems administration experience a plus.
Occasional local travel for bank purposes and/or on behalf of the bank (i.e., construction inspections, training).
After successful completion of training and proven abilities, this position is eligible for a hybrid work arrangement, consistent availability is expected during core business hours and agreed upon number of days per-month on site.

Responsibilities

Performs quality underwriting for commercial loan relationship requests in accordance with Commercial Lending regulations, policies, and procedures, particularly those of a more complex nature or those with a greater level of exposure.
Independently prepares and may review the work of others in preparing in-depth written analyses for relationships of all sizes and all levels of complexity.
Reviews numerous types of financial and other documents and conducts various research to prepare written analysis, spreadsheets, reports, summaries, and opinions.
Performs in-depth financial analyses and projections, including “what-if” scenarios that test the reasonableness of projections and/or constructs predictive performance for stress testing using automated and/or manual analytical tools and techniques.
May develop new tools and techniques for particularly complex and/or unique credit relationships.
Proactively and independently discusses and influences lenders and others involved in the lending process regarding covenants, conditions, alternative structures, modifications, overall assessments, action plans, and turnaround requirements.
Participates in customer meetings as opportunities arise and warrant.
Acts as a resource on commercial lending policies and procedures, particularly those associated with underwriting and approval requirements.
Proactively shares analytical knowledge and techniques with others.
May mentor new or junior analytical staff and may be called upon to provide training and guidance to others in the department on new and existing processes.
Requests documentation or services from borrowers or contacts other parties to facilitate the commercial lending process.
May be regularly called upon to assist in the oversight, coordination, and support of the work of other department members, applying department and process experience and knowledge to achieve department and bank goals.
Reviews existing loan files as part of relationship reviews to ensure the completeness of the file and to ensure that all files, applicable software, and systems are correct and updated timely.
May prepare or provide support as assigned by Management to assist with the various aspects of the management and oversight of the bank’s entire loan portfolio.
Maintains a thorough knowledge of Bank’s loan products and procedures.
Keeps abreast of regulatory changes to ensure compliance in the areas of job responsibilities, and recommends improvements or changes as needed for compliance and/or for department efficiency.
May occasionally participate in before/after hours and/or weekend community events.
May assist internal, external, and regulatory auditors with the collection of requested materials as assigned.
Effectively uses tools and systems to self-manage, organize, and complete work independently, proactively recognizing potential obstacles and resolving them, managing to deadlines, creating action plans when not on track, enabling job functions with minimal oversight, and meeting conditions of satisfaction.
Develops and maintains relationships with other department and organizational leaders and maintains operational alignment with core values, vision, strategy, and goals.
Uses discretion in dealing with large amounts of sensitive, confidential information, while adhering to all Bank policies and procedures.
Adheres to all company policies, consistently demonstrating core values and service standards.
Maintains regular and consistent attendance.
Maintains knowledge of and ensures compliance with Bank Secrecy Act regulations and adheres to compliance procedures and internal/operational risk controls in accordance with all applicable regulatory standards, requirements, and policies.
Attends all required training sessions and completes all required on-line training courses.
Performs other duties as assigned, performing similar or related work as directed, required, or as situation dictates.