Credit Analyst II

Mutual Bancorp and its Subsidiaries; Hyannis (MA); Hybrid; USD 43,000 - 57,000; Full time

Job summary

Mutual Bancorp and its Subsidiaries is seeking a Credit Analyst to work with commercial lenders in evaluating credit risk for new and existing borrowers. The role involves independent financial analysis, cash flow projection, and collateral evaluation to support lending decisions.

Ideal candidates have a Bachelor degree in accounting or finance and 3–4 years of credit analyst experience, with strong MS Office skills and the ability to handle multiple tasks efficiently.

Qualifications

• Bachelor degree in accounting or finance required or preferred.
• Three to four years of credit analyst experience is required.
• Strong skills with Microsoft Office applications are expected.
• Ability to manage multiple priorities and a heavy workload.

Responsibilities

• Identify potential credit risks for new and existing commercial borrowers through financial analysis.
• Collaborate with commercial lenders to mitigate risks and assess cash flows.
• Provide independent input in risk rating of borrowers.
• Mentor junior analysts in statement spreading and related duties.
• Maintain annual review date tracking for commercial customers.
• Prepare and distribute loan review reports and related packages.

Skills

Credit analysis

Financial analysis

Microsoft Office

multitasking

Communication

Education

Bachelor degree in accounting or finance

Tools

Microsoft Office Suite

Job description

• Hybrid
• Pay or shift range: $31.01 USD to $41.10 USD
  The estimated range is the budgeted amount for this position. Final offers are based on various factors, including skill set, experience, location, qualifications and other job-related reasons.
• Full-Time
• Requisition #: CREDI003084

Description

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
• Eager Learner
• Learning Agility

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.