Commercial Credit Analyst I

River Run Services, LLC; Newburyport (MA); On-site; USD 65,000 - 85,000; Full time

Job summary

River Run Services, LLC is a shared services organization supporting Newburyport Bank, Pentucket Bank and Rollstone Bank & Trust. The Commercial Credit Analyst I identifies, monitors, and describes credit risk in a commercial banking environment, performing financial spreading, underwriting, and covenant testing.

The role involves preparing approval documents, handling annual reviews, and collaborating with commercial lenders while staying current on banking products and regulations.

Qualifications

• Bachelor’s degree in business.
• 1-2 years of experience in Banking or Financial Services.
• Strong knowledge of general accounting and finance principles.
• Strong knowledge of general banking/lending concepts and principles.
• Strong decision-making skills.
• Proficient with office software including word processing, spreadsheet, presentation, and mail applications.
• Attention to detail.

Responsibilities

• Analyzes financial statements and assesses creditworthiness for potential borrowers.
• Prepares comprehensive approval documents for loan requests.
• Conducts annual reviews of commercial borrowers and prepares reports.
• Identifies risks and assesses impacts of external factors on borrower obligations.
• Maintains credit files and supports loan origination staff with related tasks.
• Ensures compliance with bank policies and regulatory requirements.
• Supports lenders with site visits, inspections, and client meetings.

Skills

Attention to detail

Strong decision-making

Office software proficiency

Education

Bachelor’s degree in business

Tools

MS Office Suite

Job description

Description

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

The Commercial Credit Analyst I identifies, monitors, and describes credit risk in a commercial banking environment. Performs financial spreading and analysis, credit underwriting, evaluation of commercial borrowers, covenant testing, and performs occasional special projects.

• Analyzes financial statements and manages financial spreadsheets accurately while executing a review of personal and corporate creditworthiness for potential new borrowers.
• Works mostly independently in preparing comprehensive approval documents covering the prospective borrower and the borrower’s request to obtain credit.
• Conducts annual reviews of commercial borrowers and prepares reports and performs additional support duties for commercial department, as requested.
• Identifies and evaluates pertinent risks and identifies the impact of non-financial and external factors, ranging from general economic issues to industry and management issues, which may impact the borrower’s ability to meet obligations.
• Collects and integrates appropriate data for each credit analysis and ascertains the need to solicit additional information to execute assignments on time, satisfy applicable deadlines, and function independently.
• Identifies potential or developing problems within the loan portfolio and proposes action plans and risk rating adjustments, as needed.
• Maintains ongoing credit files and overall commercial loan quality control while assisting the commercial loan origination staff in various related support functions such as assisting with quarterly updates, preliminary memos, and other file comment
• Adheres to all Bank credit policies and existing regulations, confirming conformity and recording exceptions in existing and prospective credit relationships.
• Supports Commercial Lenders with construction site visits, inspections, customer visits, and customer meetings, as needed.
• Assists commercial loan structures in collaboration with Commercial Loan Officers
• Offers administrative support to the Credit Administration Team and Commercial Lending Officers as requested.
• Develops understanding of credit policy, underwriting standards, and risk assessment techniques.
• Actively stays current on all Bank products, services, procedures, policies, and applicable regulatory and compliance requirements by regularly attending team meetings, completing mandatory training on schedule, and applying knowledge to ensure accuracy and compliance in daily operations.
• Ensures adherence to federal and state laws, regulations, and bank policies by preventing violations, minimizing risks, and safeguarding the Bank’s interests.
• Verifies transactions and account balances, ensuring compliance with bank policies and state and federal regulations and the Bank Secrecy Act (BSA), as applicable to the role.

Requirements

• Bachelor’s degree in business.
• 1-2 years of experience in Banking or Financial Services
• Strong knowledge of general accounting and finance principles
• Strong knowledge of general banking/lending concepts and principles.
• Strong decision-making skills.
• Proficient with office software including word processing, spreadsheet, presentation, and mail applications.
• Attention to detail.

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.

Salary Description