Credit Analyst – Seamen’s Bank

Ptownchamber; Massachusetts; On-site; USD 65,000 - 95,000; Full time

Job summary

Seamen’s Bank in Provincetown, MA seeks an in-person Credit Analyst for its Commercial Lending Team. The role focuses on credit analysis of new and existing loans, preparing memorandum, and ensuring proper risk ratings in compliance with bank policies and regulations.

The analyst will work with commercial lenders to assess credit risk, analyze financial statements and tax returns, and support portfolio growth while maintaining asset quality.

Qualifications

• Conduct in-depth analysis of company financial statements and tax returns to determine credit strengths and weaknesses.
• Prepare credit memorandum for loan requests, renewals, reviews, modifications, and extensions.
• Accurately identify loan policy exceptions and mitigating factors.
• Confer with the commercial team to ensure relationships are appropriately risk rated.

Responsibilities

• Conduct in-depth analysis of company financial statements and tax returns to determine credit strengths and weaknesses of existing and potential borrowers.
• Review, analyze and interpret credit reports, personal financial statements, and tax returns. Spread financial information utilizing financial statement spreading software.
• Prepare credit memorandum for new loan requests, renewals, reviews, modifications, and extensions.
• Accurately identify loan policy exceptions and mitigating factors.
• Confer with the commercial team to ensure relationships are appropriately risk rated.

Skills

Financial statement analysis

Tax return analysis

Credit risk assessment

Interest rate sensitivity analysis

Collateral valuation

Guarantor analysis

Relationship with commercial lenders

Tools

Financial statement spreading software

Job description

Dynamic Credit Analyst to Join Commercial Lending Team

This is an in-person role located on the Outer Cape, MA. Those with confirmed housing within reasonable commuting distance to our beautiful oceanside office located at 221 Commercial Street in Provincetown, MA are encouraged to apply.

Summary: The Credit Analyst contributes to the achievement of the Commercial Loan Department’s goals as it relates to revenue and portfolio growth, asset quality and compliance.

Specifically, the Credit Analyst will work closely with the commercial lenders to identify and manage the credit risk and quality of the commercial loan portfolio. Primary responsibility is to provide credit analysis of new and existing loans by researching and gathering information in order to prepare a loan approval memorandum, conducting financial analysis of business entities and individuals, and assigning and verifying the appropriate risk rating for new and existing borrowers. All duties and responsibilities will be performed while adhering to Seamen’s Bank policies and procedures, and all applicable laws and regulations.

Essential Duties and Responsibilities include the following:

• Conduct in-depth analysis of company financial statements and tax returns to determine credit strengths and weaknesses of existing and potential borrowers. The analysis includes, but is not limited to, business and global cash flow analysis, trend analysis, collateral valuation, guarantor analysis, and interest rate sensitivity analysis.
• Review, analyze and interpret credit reports, personal financial statements, and tax returns. Spread financial information utilizing financial statement spreading software.
• Prepare credit memorandum for new loan requests, renewals, reviews, modifications, and extensions.
• Accurately identify loan policy exceptions and mitigating factors.
• Confer with the commercial team to ensure relationships are appropriately risk rated.