Commercial Credit Analyst (ON-SITE)

Centreville Bank; Warwick (RI); On-site; USD 60,000 - 80,000; Full time

Benefits offered by this job

Medical and dental coverage

Life insurance

Disability insurance

401(k) plan

Paid time off

Holidays

Job summary

Centreville Bank in Warwick, Rhode Island, is seeking a Commercial Credit Analyst responsible for compiling financial information to make credit decisions for commercial loans. This role includes analyzing financial statements, monitoring loan portfolios, and ensuring compliance with regulations.

The ideal candidate will have a Bachelor’s degree, 3-5 years of experience, and strong analytical and communication skills. A competitive salary and benefits package is offered.

Qualifications

• 3-5 years of related experience in commercial credit.
• Ability to interpret financial statements and credit reports.
• Strong multitasking skills for various projects.

Responsibilities

• Compile and prepare financial information for credit decisions.
• Analyze credit information for existing customer relationships.
• Monitor customer accounts to mitigate risk and loss.

Skills

Analytical skills

Communication skills

Organizational skills

Relationship management

Financial statement analysis

Education

Bachelor’s degree in business or related field

Tools

Microsoft Excel

Microsoft Word

Job description

Description

The Commercial Credit Analyst is responsible for compiling and preparing financial information required to make credit decisions for commercial loan requests. Responsibilities include, but are not limited to, preparing the financial analysis to make credit decisions, contribute to the loan decision process, monitor the existing loan portfolio and evaluate credit risk. They will provide project assistance as required by the Credit Manager and Chief Credit Officer.

• Complete underwriting for credit requests for new and existing commercial client base to produce credit worthiness recommendations. This includes collecting information from various internal and external resources, recording into risk base model, analyzing, interpreting and reporting results and ensuring proper signature authority has been obtained.
• Analyze and interpret all types of credit information on existing customer relationships, to include but not limited to, financial statements, tax returns, ratios and credit reports.
• Timely and accurately maintain automatic tracking systems that identifies deal flow and when financial information and / or any credit information is needed.
• Monitor customer accounts and loan portfolios in order to maximize credit quality and minimize risk and loss.
• Complete credit analysis, prepare recommendations regarding the renewals and ratings of credit extensions for approval.
• Understand and ensure compliance with all Federal and State Regulations and internal banking policies and procedures.
• Work with lenders to ensure all post closing missing items are received and delivered to Loan Servicing. Complete projects as assigned by the Credit Manager or Chief Credit Officer.
• Maintain current knowledge and consistent compliance with regulations, bank policies and procedures related to the position, including but not limited to Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) requirements.

Requirements

Qualifications

• Bachelor’s degree in business or related field and 3 – 5 years related experience.
• Ability to read and interpret business and personal financial statements, tax returns, and credit bureau reports.
• Excellent organizational skills.
• Strong communication skills.
• Strong relationship skills and the ability to influence business and functional partners.
• Capability to multitask and work on a variety of projects and teams is essential.
• Ability to apply concepts such as fractions, percentages, ratios to practical banking situations.
• Extensive knowledge and experience with Word, Excel and spreadsheets.

Preferred Qualifications

• 5-10 years related experience.
• Salary Range: Commensurate with experience.
• Centreville Bank offers a competitive salary and benefits package that includes medical and dental coverage, life insurance, disability insurance, 401(k) plan, paid time off and holidays.
• Centreville Bank is an Equal Opportunity Employer. All positions are subject to periodic evaluation.