Commercial Credit Analyst III

TruNorth Bank; Peabody (MA); On-site; USD 72,000 - 88,000; Full time

Job summary

TruNorth Bank in Peabody, MA seeks a Commercial Credit Analyst III to evaluate mid- to large-sized commercial loans. You will spread and analyze financial statements, prepare memoranda, and contribute to loan decisions with risk ratings.

The role requires 3–5 years of commercial credit analysis, strong analytical and communication skills, and proficiency with MS Office and commercial loan systems. You’ll mentor junior staff and produce regular portfolio reports.

Qualifications

• Bachelor’s degree in accounting, finance, or business administration.
• Three to five years’ experience in commercial credit analysis including financial statement and economic analysis.
• Strong analytical, communication, and organizational skills with attention to detail.
• Advanced PC and MS Office knowledge with working knowledge of commercial loan origination, underwriting, documentation, and management software systems.

Responsibilities

• Prepares analysis on moderate to complex commercial credit requests; spreads and interprets financial statements and prepares memoranda for loan decisions.
• Prepares Credit Review on existing relationships with updated financial statements and risk ratings.
• Assists in spreading financial statements and maintains financial tracking; supports quality control audits.
• Mentors and assists more junior credit administration staff.
• May prepare and distribute recurring reports for monitoring the commercial loan portfolio.
• Responds to inquiries on commercial banking customers and may attend calls for complex relationships.
• Performs duties in compliance with regulatory guidelines; protects NPCI confidentiality and cyber security best practices.

Skills

Analytical skills

Financial statement analysis

Credit risk assessment

Communication skills

Attention to detail

Mentoring

Education

Bachelor's degree in accounting, finance, or business administration

Tools

MS Office

Credit analysis software

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Commercial Credit Analyst III

Peabody, MA, US

Salary Range: $72,000.00 To $88,000.00 Annually

Compensation for this position is commensurate with experience. The posted range is intended to provide a general estimate and does not guarantee a specific rate of pay.

PRIMARY ACCOUNTABILITIES / RESPONSIBILITIES:

Performs any functions necessary, within scope of authority and expertise, to provide the highest level of service and responsiveness to customers.

• Prepares analysis on moderate to complex commercial credit requests. Spreads and makes interpretative analysis of financial statements and prepares memorandum for use in loan decisioning. Makes risk rating recommendations.
• Prepares Credit Review on existing relationships with the objective of maintaining a current, complete body of review of the commercial loan portfolio. Spreads and makes interpretative analysis of updated financial statements and other information received on existing relationships. Reports on overall credit quality and makes an updated assessment of financial condition. Makes updated risk rating recommendations.
• Assists in spreading of financial statements and maintenance of financial statement tracking to ensure that database is current. May also assist in quality control audit of financial documents.
• Mentors and assists more junior credit administration staff.
• As needed, may prepare and distribute a variety of recurring reports for use in the monitoring and administration of the commercial loan portfolio.
• May respond to a variety of inquiries on commercial banking customers.
• May attend customer calls as appropriate, new money, larger, more complex relationships, new relationships, high credit risk relationships, etc.
• Performs all duties in accordance with prescribed regulatory compliance guidelines.
• Performs related and unrelated duties as may be required.
• P rotect the confidentiality of non-public customer information (NPCI) and the security of our information technology resources. Adhere to the Bank’s Acceptable Use Policy, participate in security awareness training and successfully pass social engineering testing which are designed to provide the education necessary to enable employees to keep the bank secure. Employee awareness and vigilance are required in following these cyber security best practices and are the most effective weapon we have against cyber threats and fraud.

OTHER ACCOUNTABILITIES / RESPONSIBILITIES:

The Bank encourages participation in a community development service within the Bank’s assessment area. Community development encompasses affordable housing and community services that target low to moderate income individuals and activities that revitalize or stabilize targeted low to moderate income neighborhoods. Community development services must be related to providing a financial service or use the financial expertise of the bank employee. Examples include:

• Offering accounting skills to a local charitable organization that serves low to moderate income individuals;
• Performing bookkeeping services to low to moderate income seniors;
• Teaching a financial literacy program for low to moderate income school children;
• Fundraising on behalf of a local or state agency that provides services and/or programs targeting low or moderate income individuals;
• Activities that revitalize or stabilize low or moderate income areas;

POSITION REQUIREMENTS:

• Bachelor’s degree with specialization in accounting, finance, or business administration.
• Three to five years’ experience in commercial credit analysis including operational experience with financial statement and economic analysis and credit administration.
• Strong analytical, communication, and organizational skills with an attention to detail and an efficiency in handling multiple priorities.
• Advanced personal computer and MS Office knowledge with working knowledge of commercial loan origination, underwriting, documentation, and management software systems.
• Ability to mentor and assist junior credit administration staff.
• Competency in written and spoken English language.
• Knowledge of banking rules and regulations and common compliance issues.

QUALIFICATIONS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill, and/or ability required. Any physical demands or work conditions described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

An Aff…Employer of protected veterans and individuals with disabilities. Applicants for employment are considered without regard to race, creed, color, religion, sex, gender identity, sexual orientation, marital status, genetic information, national origin, age, disability, status as a veteran, Vietnam Era Veteran, or being a member of the Reserves or National Guard. Also, it is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.