Senior Credit Analyst

Bank Newport•Middletown, RI

47d•Hybrid

About The Position

The Senior Credit Analyst's primary responsibility is to analyze and interpret financial statements and related information of commercial loan customers and prospects for the purpose of preparing credit approval memorandums. During the underwriting process, the Senior Analyst will determine creditworthiness by evaluating risks and report salient facts in collaboration with the Loan Officer to establish credit granting criteria. This will culminate in the preparation of a credit approval memorandum that outlines the request for the extension of credit which is then forwarded to the necessary approval authorities. The position will be remote, with in-person attendance, as required.

Requirements

Either bachelor/master's degree, formal credit training or a minimum of five years of bank commercial loan analysis experience with both CRE and C & I loan.
Strong analytical and interpretive skills.
Good communication, organizational and interpersonal skills.
Strong written communication skills to properly complete credit approval memorandums.
Detailed knowledge of banking laws, rules and regulations required.
Must be a detailed oriented person, able to multitask with an emphasis on deadlines.

Responsibilities

Performs any functions necessary, within scope of authority and expertise, to provide the highest level of service and responsiveness to customers.
A solid understanding of commercial lending and credit underwriting principles to help ensure the highest loan quality to the Bank.
A thorough, in-depth analysis of all aspects of commercial credit loan requests, including new loans, material loan modifications, credit change requests, renewals and annual relationship reviews.
Spread, analyze and interpret financial statement information belonging to existing and prospective clients.
Prepare financial analysis on businesses and guarantors to include cash flow; balance sheet, sensitivity, property and market analyses and ratio analysis, such as working capital adequacy, leverage positions, collateral coverage using WORD, Excel and nCino.
Complete due diligence to include review of credit bureau reports; industry data; appraisal reports and environmental research reports.
Form conclusions and communicate to management.
Accurately identify loan policy exceptions as well as red flags during the underwriting process.
Assign risk ratings as appropriate.
Prepare credit approval memorandum in nCino for approval by appropriate authorities.
Take responsibility for ensuring collaborative and effective team work to deliver results.
Provide guidance and direction to junior underwriters and analysts.
Communicates with others in a consistent and effective manner in order to build business and customer relations that support the organization's mission and vision.
Performs other duties, as assigned.