Credit Analyst II

Fidelity Cooperative Bank; Hyannis (MA); On-site; USD 85,000 - 110,000; Full time

Job summary

Fidelity Cooperative Bank in Hyannis seeks a Credit Analyst who can work independently to identify potential credit risks for new and existing commercial borrowers through thorough financial analysis, cash flow projections and collateral evaluations. You will collaborate with the Commercial Lenders to mitigate risk and ensure quality loan decisions.

The role requires 3–4 years of credit analysis experience, strong skills in Microsoft Office, and the ability to manage multiple priorities while

Qualifications

• Three to four years of credit analyst experience.
• Proficient in Microsoft Office applications.
• Ability to handle multiple priorities and significant workload.
• Ability and willingness to produce high quantity and high quality work.

Responsibilities

• Provide independent analysis of commercial borrowers to identify and mitigate credit risks.
• Input in risk rating process for commercial borrowers.
• Mentor and train junior analysts in statement spreading and credit duties.
• Track annual review dates for commercial customers.
• Distribute reviews to lenders and monitor follow-up per third-party vendor results.
• Complete credit analyses with basic to moderate complexity.
• Assist in compiling Loan Committee reports and weekly packages.
• Perform other duties as assigned.

Skills

Credit analysis

Multitasking

Verbal communication

Written communication

Critical thinking

Education

Bachelor degree in Accounting or Finance

Tools

Microsoft Office

Job description

Summary

Work independently to identify potential credit risks associated with new and existing commercial borrowers through the financial analysis process and works collaboratively with the Commercial Lenders to mitigate these risks.

Salary Grade : 17

Summary

Work independently to identify potential credit risks associated with new and existing commercial borrowers through the financial analysis process and works collaboratively with the Commercial Lenders to mitigate these risks.

Essential Job Functions & Responsibilities

Credit Analysis

• Works collaboratively with the commercial lenders to provide an independent analysis of commercial borrowers in the identification and mitigation of potential credit risks; this process involves but is not limited to a thorough financial analysis, projecting cash flow and collateral evaluations
• Provides independent input in the process of risk rating commercial borrowers
• Mentors and assists the training of less experienced credit analysts and commercial lending trainees in statement spreading and other credit administrative duties
• Responsible for annual review date tracking for commercial customers
• Distribute reviews to lenders and monitor follow up needed based on results of assessment of the third party loan review vendor
• Responsible for accurately completing credit analysis with basic to average levels of complexity

Credit Administration Duties

• Assists in the compilation of various reports for Loan Committee and the weekly distribution of the Loan Committee packages as needed
• Other duties as assigned

Qualifications

EDUCATION & CERTIFICATIONS: (Minimum education required to perform the duties of this position)

• Bachelor degree; major in accounting or finance preferable.

Knowledge, Skills & Abilities

• Three to four years of credit analyst experience required.
• Understanding of all Microsoft Office applications.
• Ability to handle multiple priorities and significant workload.
• Ability and willingness to produce high quantity and high quality work.

Competencies

• Must have cyber security awareness to protect the digital environment, the Mutual Bancorp, and its customers.
• Problem Solving
• Verbal and Written Communication
• Critical Thinking Skills
• Adaptability
• Eager Learner
• Learning Agility