Business Banking Credit Team Lead

River Run Services LLC; Newburyport (MA); On-site; USD 110,000 - 170,000; Full time

Job summary

River Run Services LLC is seeking a senior credit leader to oversee the Business Banking underwriting process. You will guide analysts in financial spreading, credit analysis, and borrower evaluation while approving loans up to $1 million.

You will partner with lenders to structure transactions and drive process improvements. The role requires experience in commercial credit with strong knowledge of banking concepts and regulatory compliance, along with leadership to manage and coach a growing

Qualifications

• Bachelor’s degree or equivalent with relevant credit experience.
• 5-8 years of experience in commercial credit analysis, business banking, or underwriting with increasing responsibility.
• Strong knowledge of banking concepts and credit principles.

Responsibilities

• Lead and oversee the analysis and underwriting of Business Banking borrowers.
• Approve loan requests up to the approved authority limit.
• Provide guidance to credit analysts in financial spreading and risk assessment.
• Suggest improvements to credit processes and systems.
• Coordinate with lenders to structure transactions and resolve credit issues.
• Supervise and develop credit analysts through coaching and reviews.
• Underwrite complex C&I transactions when needed.
• Monitor portfolio for credit concerns and ensure policy adherence.

Skills

Credit analysis

Financial analysis

Leadership

SBA lending

Regulatory compliance

Team management

Education

Bachelor’s degree in finance/Accounting/Business Administration/Economics

Tools

Office software (Excel, Word, PowerPoint)

Job description

Description

River Run is a shared services organization that supports banking affiliates, Newburyport Bank, Pentucket Bank and Rollstone Bank & Trust.

Leads the Business Banking credit underwriting process and manages the incoming loan request pipeline, ensuring timely and consistent execution of credit requests. Provides guidance and oversight to credit analysts in financial spreading, credit analysis, underwriting and commercial borrower evaluation. Reviews and provides credit guidance on transactions and serves as a primary credit approver for Business Banking loan requests up to $1 million. Partners with Business Banking lenders to structure transactions, resolve credit issues, and facilitate the underwriting process. Coordinates the effective use of Business Banking loan and credit systems and supports process improvements, training, and special projects.

• Leads and oversees the analysis and underwriting of existing and prospective Business Banking borrowers, including review of financial statements, financial spreads, and overall creditworthiness.
• Reviews comprehensive credit approval documents to ensure the borrower’s financial profile, key risks, credit structure, and requested terms are accurately and clearly presented.
• Approves Business Banking loan requests up to $1 million within established lending authority.
• "Oversees the overall direction and coordination of designated staff, executing supervisory duties in alignment with organizational policies and relevant legal regulations."
• Manages and develops Business Banking credit analysts by establishing clear performance expectations, providing ongoing feedback and coaching, conducting performance reviews, and addressing performance concerns in accordance with Bank policies and procedures. Supports recruitment, onboarding, and training of credit team members, as applicable. Oversees the Business Banking credit pipeline and workflow, ensuring appropriate allocation of work and timely completion of credit requests.
• When necessary, underwrites and prepares credit approval documents for complex C&I transactions in support of the Commercial Credit Analyst team.
• Provides oversight of annual reviews of commercial borrowers and supports the Commercial Lending team with reporting and other credit-related assignments, as requested.
• Provides guidance to Business Banking credit analysts in identifying and evaluating credit risks, including economic, industry, management, and other factors that may affect a borrower’s ability to meet its obligations.
• Monitors the Business Banking portfolio for emerging credit concerns and provides guidance on appropriate action plans and risk-rating adjustments.
• Ensures adherence to Bank credit policies, procedures, and applicable laws and regulations, including appropriate identification, documentation, and escalation of exceptions. Maintains current knowledge of Bank products, services, policies, procedures, and regulatory requirements and communicates relevant updates and expectations to the credit team.
• Provides oversight of transactions, account information, and supporting documentation, as applicable, to ensure compliance with Bank policies, regulatory requirements and the Bank Secrecy Act (BSA).

Requirements

• Bachelor’s degree in finance, Accounting, Business Administration, Economics, or a related field preferred. An equivalent combination of education, commercial credit experience, and relevant training may be considered. 5-8 years of experience in commercial credit analysis, business banking, commercial lending, or underwriting, with progressively increasing responsibility for credit decisions and risk assessment. Strong knowledge of general accounting and finance principles.
• Strong knowledge of general banking/lending concepts and principles and SBA lending.
• Strong decision-making skills.
• Proficient with office software including word processing, spreadsheet, presentation, and mail applications.
• Ability to execute a basic financial analysis of a company.
• Ability to interpret market data and valuation calculations in appraisal reports.
• Ability to acquire knowledge of the Bank’s products and services, with a focus on loan and commercial products.
• Ability to satisfy deadlines and time constraints.
• Attention to detail.
• Self-motivated.
• Ability to acquire and employ knowledge of the Bank’s products and services including loan products.
• Ability to read and write for prolonged periods to absorb transactions, borrower, or industry information and describe it clearly and concisely.

River Run Services, LLC is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, ancestry, national origin, gender, sexual orientation, marital status, religion, age, disability, gender identity, results of genetic testing or service in the military.

If you are an individual with a disability and require a reasonable accommodation to complete the application process, you may contact Human Resources at [e-mail] or call 978-462-3136.

The salary range represents an estimate based on market data for this position. Final compensation decisions are made based on experience, skills, and internal equity to ensure fairness and consistency across our organization