Commercial Credit Underwriter II

Northern Bank; Woburn (MA); On-site; USD 65,000 - 85,000; Full time

Job summary

Northern Bank is seeking a Franchise & C&I Credit Analyst II to evaluate and underwrite franchise and commercial & industrial loan opportunities. The role analyzes borrower and guarantor financial performance, operations, repayment capacity, and collateral to assess risk and support sound lending decisions.

Responsibilities include reviewing financial statements, tax returns, cash flows, plus preparing concise credit memoranda and loan presentations with identified risks and mitigants.

Qualifications

• Bachelor's degree in finance, accounting, business, or related field.
• Experience with commercial real estate lending (multifamily, office, retail, industrial).
• 1-3+ years of experience in credit analysis, commercial banking, or real estate underwriting.
• Salesforce experience preferred.
• Proficient with Microsoft Office suite including Excel and Word.
• Ability to multi-task, prioritize, and adapt to changes in environment.
• Clear written and verbal communication.

Responsibilities

• Analyze borrower and guarantor financial statements, tax returns, personal financial statements, and cash flow.
• Evaluate historical and projected business performance, including revenue trends and EBITDA.
• Assess loan structure, collateral, repayment sources, and guarantor support.
• Analyze franchise relationships and multi-unit networks where applicable.
• Prepare credit memoranda and loan presentations with risks, mitigants, and recommendations.
• Conduct industry, market, and competitive research to identify credit risks.
• Evaluate valuations, collateral coverage, and due diligence.
• Review third-party reports and support documentation for material risks.
• Support loan origination, underwriting, and closing with Loan Officers.
• Perform annual reviews and monitoring of credit relationships.
• Assist in maintaining bank filing systems and participate in process improvements.

Skills

Analytical skills

Math skills

Written and verbal communication

Multi-tasking

Salesforce experience

Excel

Word

Education

Bachelor's degree in finance/accounting/business

Tools

Salesforce

Job description

SUMMARY/OBJECTIVE:

The Franchise & C&I Credit Analyst II is responsible for evaluating and underwriting franchise and commercial & industrial (C&I) loan opportunities. This role analyzes borrower and guarantor financial performance, business operations, repayment capacity, and collateral to assess risk and determine creditworthiness, while providing clear recommendations to support sound lending decisions.

ESSENTIAL FUNCTIONS:

• ·Analyze borrower and guarantor financial statements, tax returns, personal financial statements, and global cash flow
• Evaluate historical and projected business performance, including revenue trends, profitability, EBITDA, debt service coverage, leverage, and liquidity
• Assess loan structure, collateral, repayment sources, and guarantor support to determine overall credit risk
• Analyze franchise relationships and multi-unit networks, including unit-level and consolidated operating performance, where applicable
• Prepare clear, concise credit memoranda and loan presentations, including identification of key risks, mitigants, and recommendations
• Conduct industry, market, franchise brand, and competitive research to identify trends and potential credit risks
• Evaluate business valuations, collateral coverage, and other supporting due diligence, as applicable
• Review applicable third-party reports and support documentation and identify material risks or concerns
• Support loan origination, underwriting, and closing processes in partnership with Loan Officers
• Perform annual reviews and ongoing monitoring of assigned credit relationships, including financial covenant compliance and changes in credit quality
• Assist in the maintenance of Bank filing systems as new information is received
• Participate in ongoing process improvement initiatives

JOB QUALIFICATIONS:

• Strong analytical and math skills required.
• Bachelor's degree in finance, accounting, business, or related field
• Experience with commercial real estate lending (multifamily, office, retail, industrial)
• Understanding of appraisal and collateral valuation concepts
• 1-3+ years of experience in credit analysis, commercial banking, or real estate underwriting
• Salesforce experience preferred.
• Must be proficient in Microsoft Office suite including Excel and Word and must be familiar with basic computer applications.
• Ability to multi-task, prioritize work, and adapt to changes in working environment required.
• Clear written and verbal communication required.

The annual salary range for the Commercial Credit Underwriter II is $65,000 - $85,000 per year.

About Northern Bank & Trust Company

Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of over $3 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit www.NBTC.com or follow Northern Bank on Facebook (/NorthernBankM A/), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company/northern-bank-ma/).