Commercial Credit Analyst (I or II)

River Run Services LLC; Newburyport (MA); On-site; USD 65,000 - 90,000; Full time

Job summary

River Run Services LLC in Newburyport, MA is seeking a Commercial Credit Analyst to join the Credit Administration team. The role involves underwriting, evaluating borrowers, and monitoring the commercial loan portfolio to manage risk and ensure compliance.

A path exists for Analyst I or II with escalating responsibilities. The position requires a bachelor’s degree in business, finance, accounting, or a related field, and 1–3 years in banking or financial services.

Qualifications

• Bachelor's degree in business, finance, accounting, or related field.
• Analyst I: 1–2 years of banking or financial services.
• Analyst II: 2–3 years with ability to independently manage underwriting & annual reviews.
• Knowledge of accounting, finance, banking & lending concepts, and credit analysis.
• Strong attention to detail, organizational skills, and decision-making.
• Proficiency with Microsoft Excel and related tools.
• Effective communication and ability to meet deadlines.

Responsibilities

• Prepare comprehensive credit approval documents outlining borrower financials and risks.
• Analyze financial statements and manage spreadsheets to evaluate creditworthiness.
• Conduct annual reviews of commercial borrowers and monitor the portfolio.
• Evaluate financial, economic, industry, management and other factors affecting borrower obligations.
• Gather information, identify documentation needs, and meet deadlines.
• Identify potential credit concerns and recommend action plans and risk ratings.
• Maintain credit files and support loan quality control with quarterly updates.
• Collaborate with Commercial Loan Officers on credit requests and underwriting.
• Support Commercial Lenders with site visits and meetings as needed.
• Assist Credit Administration with projects and compliance requirements.
• Follow credit policies, regulatory requirements, and internal procedures.
• Complete required training and stay current on bank products and regulations.

Skills

Credit analysis

Financial statement analysis

Excel proficiency

Attention to detail

Communication & collaboration

Education

Bachelor's degree in business, finance, accounting, or related field

Tools

Microsoft Excel

Job description

Description

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

River Run is seeking a Commercial Credit Analyst to join our Credit Administration team. This role identifies, monitors, and evaluates credit risk within a commercial banking environment through financial spreading and analysis, credit underwriting, commercial borrower evaluations, covenant testing, and portfolio monitoring.

The level of responsibility will depend on the candidate’s experience and qualifications. The ideal candidate will have the experience to independently manage underwriting requests and annual reviews while serving as a resource to junior analysts and interns. We are also open to an earlier-career professional with a strong foundation in banking, finance, or accounting who is ready to develop their commercial credit analysis skills.

• Prepare comprehensive credit approval documents outlining borrower financials, credit requests, repayment capacity, and identified risks.
• Analyze financial statements and manage financial spreadsheets to evaluate the personal and corporate creditworthiness of prospective and existing borrowers.
• Conduct annual reviews of commercial borrowers and support the ongoing monitoring of the commercial loan portfolio.
• Evaluate financial, economic, industry, management, and other non-financial factors that may affect a borrower’s ability to meet obligations.
• Gather and evaluate relevant financial and borrower information, identify additional documentation needs, and complete assignments accurately and within established deadlines.
• Identify potential or developing credit concerns within the loan portfolio and recommend appropriate action plans and risk rating adjustments.
• Maintain accurate credit files and support commercial loan quality control, including quarterly updates, preliminary memos, and other documentation.
• Collaborate with Commercial Loan Officers on credit requests, loan structures, and related underwriting activities.
• Support Commercial Lenders with construction site visits, inspections, customer visits, and meetings, as needed.
• Assist the Credit Administration team and Commercial Lending Officers with related projects and support activities.
• Follow applicable credit policies, regulatory requirements, and internal procedures to help maintain sound credit quality and manage risk.
• Complete required training and remain current on bank products, services, policies, and compliance requirements.
• Perform other duties as assigned.
• 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.

Additional responsibilities for candidates hired at the Analyst II level:

• Independently manage the underwriting and analysis of new financing requests while maintaining responsibility for completing annual reviews.
• Exercise sound judgment in evaluating complex borrower information and preparing credit approval recommendations.
• Serve as a resource to junior analysts and interns by answering questions and modeling best practices in credit analysis and documentation.
• Manage assignments independently while balancing competing priorities and deadlines.

Requirements

Qualifications, Education, and Experience

• Bachelor’s degree in business, finance, accounting, or a related field.
• Analyst I: Typically 1–2 years of experience in banking or financial services.
• Analyst II: Typically 2–3 years of experience in banking or financial services, with the ability to independently manage underwriting requests and annual reviews.
• Knowledge of accounting and finance principles, banking and lending concepts, and credit analysis.
• Ability to analyze financial information, identify risks, and interpret relevant financial and market data.
• Strong attention to detail, organizational skills, and decision-making abilities.
• Proficiency with Microsoft Office applications, particularly Excel.
• Ability to communicate effectively, collaborate with business partners, and meet deadlines.

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.