Credit Associate

DR Bank; Connecticut; On-site; USD 57,000 - 70,000; Full time

Benefits offered by this job

401(k)

401(k) matching

Flexible spending account

Health insurance

Life insurance

Paid time off

Vision insurance

Job summary

DR Bank is seeking a Credit Associate responsible for underwriting new loan requests and daily monitoring of the loan portfolio. The role emphasizes adherence to bank guidelines and accurate documentation to support sound lending decisions.

You will evaluate credit requests, analyze risk, prepare approval packages, review legal documents, and contribute to policy development. The position requires strong analytical skills, Excel/Word proficiency, and integrity in a fast-paced banking environment

Qualifications

• 3+ years of experience within the banking industry with a focus on credit.
• Familiarity with tax returns, financial statements (balance sheet, income statement, statement of cash flows), and loan documentation.
• Knowledge of different types of commercial and personal loans and their rates and spreads.
• Extensive Microsoft Office Excel and Word expertise.
• Strong analytical thinking, attention to detail, and communication skills.
• Ability to work in a fast-paced environment and maintain confidentiality.

Responsibilities

• Underwrite new loan requests and monitor existing loans.
• Review and evaluate credit requests with bank guidelines, leading to approval, conditional approval, denial or restructure.
• Analyze risk, identify mitigants, and assign risk ratings for loan requests.
• Prepare and review legal documentation for existing and new loan requests.
• Monitor loan and department approvals and ensure data accuracy.
• Perform quality control analysis to minimize loan documentation errors.
• Publish the DRB Loan Policy and compile appendices.
• Engage in special projects as needed.

Skills

Credit analysis

Financial statement analysis

Analytical thinking

Attention to detail

Communication skills

Organization

Adaptability

Integrity and confidentiality

Education

College degree or equivalent

Tools

Excel

Word

Job description

The Credit Associate position is primarily responsible for the underwriting of new loan requests, as well as the day-to-day monitoring of the existing loan portfolio.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:

• Review and evaluate commercial credit requests in conjunction with Bank guidelines, resulting in recommendations for approval, conditional approval, denial and/or restructure.
• Perform all underwriting tasks for loan requests from new and existing clients including completion of credit approval packages and approval memos. Underwrite existing loan regular reviews.
• Analyze risk, identify mitigants, and recommend risk ratings for commercial loan requests.
• Participate in the preparation and review of legal documentation for existing and new loan requests.
• Monitor loan and department approvals.
• Perform new and existing loan quality control analysis to minimize loan documentation and loan system data entry errors.
• Publish the approved DRB Loan Policy and compile appendices.
• Perform special projects as needed.
• Verify that customer information and documents are up-to-date and obtain missing or outdated information as needed.
• Participate in developing department goals, objectives and systems. Recommend new approaches, policies and procedures to continually improve efficiency of the department.
• Participate in staff meetings and take part in training as needed.

KNOWLEDGE, SKILLS and ABILITIES:

• 3+ years of experience within the banking industry with a focus on credit.
• Familiarity with tax returns, financial statements (balance sheet, income statement, statement of cash flows, etc.), statements of financial condition, construction agreements and budgets, and various loan and corporate documentation.
• Knowledge of different types of commercial and personal loans and their respective rates and spread ranges for given risk profiles.
• Extensive Microsoft Office Excel and Word expertise.
• Critical thinking and analysis.
• Strong attention to detail.
• Strong organizational, written, verbal and interpersonal communications skills.
• Ability to work in a fast paced environment, change priorities and multi-task.
• Must have integrity, ethical practice and the ability to maintain confidentiality/discretion in company and HR matters.

EDUCATION/EXPERIENCE REQUIREMENTS

College degree or equivalent work experience.

Required Years of Work Experience: 3+

Salary Range: $57,489 – $70,000 annually

• 401(k)
• 401(k) matching
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday