Credit Analyst II

The Cape Cod Five Cents Savings Bank; Hyannis (MA); On-site; USD 70,000 - 110,000; Full time

Job summary

The Cape Cod Five Cents Savings Bank is seeking a Credit Analyst to work independently identifying potential credit risks for commercial borrowers. You will analyze cash flows, collateral, and other financial data while collaborating with Commercial Lenders to mitigate risk.

Ideal candidates will have 3–4 years of credit analyst experience and a Bachelor's degree in accounting or finance. Proficiency in Microsoft Office and strong multitasking abilities are essential, along with a commitment to

Qualifications

• Bachelor degree in accounting or finance
• 3–4 years of credit analyst experience
• Proficient in Microsoft Office applications
• Ability to manage multiple priorities and workload
• Ability to produce high quantity and high quality work

Responsibilities

• Identify and analyze potential credit risks for commercial borrowers with cash flow and collateral evaluation
• Collaborate with commercial lenders to mitigate risks
• Provide input for risk ratings of borrowers
• Mentor junior analysts in statement spreading and duties
• Track annual review dates for commercial customers
• Distribute reviews to lenders and coordinate follow-ups
• Complete credit analyses with moderate complexity
• Assist in Loan Committee reporting and weekly packages
• Other duties as assigned

Skills

Credit analysis

Time management

Verbal and written communication

Critical thinking

Education

Bachelor degree in accounting or finance

Tools

Microsoft Office

Job 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

1. 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
2. Provides independent input in the process of risk rating commercial borrowers
3. Mentors and assists the training of less experienced credit analysts and commercial lending trainees in statement spreading and other credit administrative duties
4. Responsible for annual review date tracking for commercial customers
5. Distribute reviews to lenders and monitor follow up needed based on results of assessment of the third party loan review vendor
6. Responsible for accurately completing credit analysis with basic to average levels of complexity

Credit Administration Duties

1. Assists in the compilation of various reports for Loan Committee and the weekly distribution of the Loan Committee packages as needed
2. 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

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

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For further information, please review the Know Your Rights notice from the Department of Labor.