Credit Analyst II

Cornerstone Bank; Spencer (MA); On-site; USD 80,000 - 85,000; Full time

Job summary

Cornerstone Bank in Spencer, MA is seeking a detail-oriented Credit Analyst II to support our Commercial Lending team. You will evaluate new and existing commercial credit relationships, analyze financial statements, assess repayment capacity, and prepare credit recommendations to guide lending decisions.

You will work closely with commercial lenders and credit leadership to monitor portfolio performance, assist with loan presentations, ensure regulatory compliance, and contribute to the growth

Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration, Economics, or related field.
• Three to five years of commercial credit analysis or related experience.
• Minimum of two years of progressively responsible banking experience.
• Demonstrated ability to analyze financial statements and support commercial lending decisions.
• Relevant banking, credit, or financial analysis certifications are a plus.

Responsibilities

• Conduct comprehensive credit analysis for new and existing commercial lending relationships, including financial statement spreading, risk assessment, and preparation of written credit memoranda to support lending decisions.
• Review and analyze annual financial statements, identifying trends and changes in financial performance, repayment capacity, and overall creditworthiness of existing borrowers.
• Perform credit evaluations for increasingly complex commercial relationships, providing sound recommendations based on financial, industry, and collateral analysis.
• Serve as a resource for commercial customer inquiries, verification requests, and other credit-related matters, delivering timely and professional support.
• Maintain accurate and complete credit files by ensuring appraisals, financial information, and supporting documentation are current and compliant with established requirements.
• Assist in the preparation and presentation of loan approval packages for Commercial Loan Officers, Executive Management, and Board Loan Committee meetings.
• Ensure all credit activities are conducted in accordance with Bank policies, regulatory requirements, and sound risk management practices.
• Apply strong analytical, communication, and relationship management skills to effectively collaborate with lending personnel and other internal stakeholders.
• Provide mentorship, guidance, and system training to Credit Analyst I team members, supporting their professional development and departmental effectiveness.
• Participate in department initiatives and complete special projects as assigned by the Credit Manager.
• Other related requests as assigned by the manager.

Skills

Commercial credit analysis

Financial statement analysis

Credit risk assessment

Microsoft Excel

Communication skills

Team collaboration

Attention to detail

Regulatory compliance

BSA/AML awareness

Education

Bachelor's degree in Finance/Accounting/Business

Certifications in banking/credit (plus)

Tools

Bank lending systems

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Credit Analyst II

Commercial Regular Full time Spencer, MA, US

3 days ago Requisition ID: 2712

Salary Range: $80,000.00 To $85,000.00 Annually

Cornerstone Bank was established in 2017, built on a legacy of community support and a commitment to helping individuals and businesses thrive. With deep roots in Worcester County and a strong presence throughout Central Massachusetts, Cornerstone combines the strength of a traditional bank with the personalized service of a local institution. Our community-based banking model allows us to deliver exceptional service with a personal touch—every time. At Cornerstone Bank, we foster a collaborative and inclusive workplace where innovation, teamwork, accountability, and excellence are more than just values—they’re how we work every day. We empower our employees to grow professionally, serve their communities, and deliver outstanding customer experiences.

Job Summary

We are seeking a detail-oriented and analytical Credit Analyst II to support our Commercial Lending team. In this role, you will evaluate new and existing commercial credit relationships, analyze financial statements, assess repayment capacity and risk, and prepare credit recommendations to support sound lending decisions. The Credit Analyst II works closely with commercial lenders and credit leadership, monitors portfolio performance, assists with loan presentations, and ensures compliance with bank policies and regulatory requirements. This position is ideal for a banking professional with strong commercial credit analysis skills, a solid understanding of financial statement analysis, and a commitment to delivering exceptional service to both internal and external customers. Through independent analysis of increasingly complex lending relationships, the Credit Analyst II plays a key role in maintaining the quality and growth of the Bank's commercial loan portfolio.

Essential Duties and Responsibilities:

• Conduct comprehensive credit analysis for new and existing commercial lending relationships, including financial statement spreading, risk assessment, and preparation of written credit memoranda to support lending decisions.
• Review and analyze annual financial statements, identifying trends and changes in financial performance, repayment capacity, and overall creditworthiness of existing borrowers.
• Perform credit evaluations for increasingly complex commercial relationships, providing sound recommendations based on financial, industry, and collateral analysis.
• Serve as a resource for commercial customer inquiries, verification requests, and other credit-related matters, delivering timely and professional support.
• Maintain accurate and complete credit files by ensuring appraisals, financial information, and supporting documentation are current and compliant with established requirements.
• Assist in the preparation and presentation of loan approval packages for Commercial Loan Officers, Executive Management, and Board Loan Committee meetings.
• Ensure all credit activities are conducted in accordance with Bank policies, regulatory requirements, and sound risk management practices.
• Apply strong analytical, communication, and relationship management skills to effectively collaborate with lending personnel and other internal stakeholders.
• Provide mentorship, guidance, and system training to Credit Analyst I team members, supporting their professional development and departmental effectiveness.
• Participate in department initiatives and complete special projects as assigned by the Credit Manager.
• Other related requests as assigned by the manager.

Skills Required:

• Strong knowledge of commercial credit analysis, including the ability to assess repayment sources, evaluate credit risk, and analyze collateral values.
• Solid understanding of accounting principles, financial statement analysis, commercial loan and mortgage documentation.
• Proficiency with Microsoft Office applications, particularly Word and Excel, and the ability to learn and effectively utilize bank lending and financial systems.
• Exceptional attention to detail with the ability to manage multiple priorities and meet established deadlines.
• Strong written and verbal communication, organizational, customer service, and interpersonal skills.
• Demonstrated ability to build effective working relationships with internal stakeholders and contribute collaboratively within a team environment.
• Working knowledge of banking products and services, with the ability to apply that knowledge when supporting commercial lending activities.
• Proficient in the use of standard office equipment, personal computers, and related technology tools required to perform job responsibilities efficiently.
• Demonstrated commitment to compliance with BSA/AML policies and procedures, including the identification and reporting of suspicious activity and fulfillment of all job-specific compliance responsibilities.

Education and Experience:

• Bachelor's degree in Finance, Accounting, Business Administration, Economics, or a related field; equivalent specialized coursework and professional training will also be considered.
• Three to five years of commercial credit analysis, lending support, or related credit experience.
• Minimum of two years of progressively responsible experience within a banking or financial services environment.
• Demonstrated ability to analyze financial statements, assess credit risk, and support commercial lending decisions.
• Relevant banking, credit, or financial analysis certifications and continuing education are a plus.

INDEPENDENT ACTION

Performs work independently within scope of established guidelines and practices. Consults with Manager where clarification or exception to Bank policy may be required.

NOTE: These statements are intended to describe the general nature and level of work involved for this job. It is not an exhaustive list of all responsibilities, duties and skills required for this job.

Cornerstone Bank is an Equal Opportunity Employer. In compliance with Equal Opportunity Guidelines and the Americans with Disabilities Act, Cornerstone Bank provides reasonable accommodations to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer.