Credit Analyst

Eastern Bank; Boston (MA); On-site; USD 70,457,000 - 113,126,000; Full time

Job summary

Eastern Bank in Boston offers a unique opportunity to begin a career in commercial banking by joining Eastern Bank's formal credit training program. The average time spent in a credit training program is two to three years, with rotations through Commercial Real Estate, Middle Market Lending, and Managed Assets group.

After completion, the analyst may progress into roles such as Senior Credit Analyst, Risk Analyst, Portfolio Manager, Relationship Manager, or Business Banker across departments.

Qualifications

• Bachelor's degree with concentrations in Finance, Accounting or Economics.
• Detailed working understanding of accounting.
• Excellent organizational and writing skills.
• Proficiency with Microsoft Office suite and internet research engines.
• Outstanding presentation and communication skills.
• 1-2 years of experience in various financial fields is a plus.

Responsibilities

• Spreading of the financial statements utilizing internal financial analysis software, creating independent credit analysis of commercial loan requests of increasing complexity, attending of the credit committee.
• In addition to commercial loan analysis, this position will analyze risks associated with ACH transactions, Correspondent Banking transactions, as well as analyze the company's vendors.

Skills

Financial analysis

Accounting knowledge

Communication skills

Presentation skills

Writing skills

Proficiency with MS Office

Education

Bachelor's degree in Finance/Accounting/Economics

Tools

Microsoft Office

Internet research

Job description

Hiring Range: $24.56 - $39.48

The posted salary range reflects Eastern's expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information.

Eastern Bank is offering a unique opportunity to the right individuals to begin a career in commercial banking by joining Eastern Banks formal credit training program. The average time spent in a credit training program is two to three years. The program will involve the assignment rotations through various lending groups including Commercial Real Estate, Middle Market Lending, Managed Assets group.

After the successful completion of the program the credit analyst should ultimately progress into the following roles in various departments across the bank: Senior Credit Analyst or Risk Analyst in Corporate credit group Portfolio Manager and /or Relationship Manager in Commercial Real Estate and Middle Market Lending groups Business Banker in Business Banking group

The credit Department provides analytical support to various departments within the Commercial Banking Division. The successful candidate will learn financial statement and other credit related analysis as well as the preparation of credit Memoranda in conjunction with the credit approval and review process.

The credit analyst position is both an educational and production position.

The job responsibilities will include:

• Spreading of the financial statements utilizing internal financial analysis software, creating independent credit analysis of commercial loan requests of increasing complexity, attending of the credit committee.
• In addition to commercial loan analysis, this position will analyze risks associated with the Automated Clearing House transactions, Correspondent Banking transactions, as well as analyze the company's vendors.

Qualifications:

• The position requires a bachelors degree with concentrations in Finance, Accounting or Economics
• Requires a detailed working understanding of accounting
• Excellent organizational and writing skills required.
• Proficiency with Microsoft Office suite and internet research engines required.
• The successful candidate must possess outstanding presentation and communication skills.
• 1-2 years of experience in various financial fields is a plus.