Dynamic Credit Analyst to Join Commercial Lending Team

Seamen's Bank; Massachusetts; On-site; USD 70,000 - 100,000; Full time

Job summary

Seamen’s Bank, headquartered on the Outer Cape in Provincetown, Massachusetts, seeks a Credit Analyst to support the Commercial Loan Department's goals in revenue growth, asset quality, and compliance.

The role collaborates with commercial lenders to analyze borrower financials, prepare loan memos, assess risk, and verify appropriate risk ratings while adhering to bank policies and regulatory requirements.

Qualifications

• Bachelor’s degree with at least 18 accounting/finance credits and 2–4 years banking experience.
• Ability to read, analyze, and interpret financial statements and tax returns.
• Ability to write reports and business correspondence.
• Strong verbal communication and problem-solving skills.
• Proficient with Excel and banking credit tools.

Responsibilities

• Conduct in-depth analysis of company financial statements and tax returns for credit decisions.
• Review credit reports and tax returns; spread financials with software.
• Prepare credit memoranda for loan requests, renewals, and extensions.
• Identify policy exceptions and mitigating factors.
• Collaborate with commercial lenders to ensure accurate risk rating.
• Utilize loan portfolio systems for documentation and renewals.
• Coordinate with staff to obtain missing financial information.
• Request current financials annually for lines of credit and larger relationships.
• Assist with administration of the commercial loan portfolio.
• Support in-house real estate evaluations and regulatory compliance.

Skills

Detail-oriented

Financial analysis

Report writing

Verbal communication

Analytical thinking

Multitasking

Confidentiality

Excel

Commercial LOS

Education

Bachelor's degree with accounting/finance credits

Tools

Excel

Commercial LOS

Job description

Description

Headquartered on the Outer Cape in Provincetown, Massachusetts, Seamen’s Bank just celebrated its 175th birthday. While we honor our past that is rich with history and success, we now look to our future with confidence and ambition. We are focused on strategically advancing our financial performance, widening and strengthening our customer base, and increasing our community impact.

Why Seamen’s Bank, and Why Now?

Headquartered on the Outer Cape in Provincetown, Massachusetts, Seamen’s Bank just celebrated its 175th birthday. While we honor our past that is rich with history and success, we now look to our future with confidence and ambition. We are focused on strategically advancing our financial performance, widening and strengthening our customer base, and increasing our community impact.

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.
• Utilize the Commercial LOS platform for loan portfolio administration including ticklers for requesting financial information for completion of annual line of credit renewals and annual borrowing relationship reviews.
• Work with loan officers and other staff to follow-up on missing financial information and other documents necessary for the credit analysis process.
• Coordinate with loan officers to annually request current financial information from borrowers with lines of credit and/or with larger borrowing relationships, including preparing request letters for the loan officers.
• Provide assistance in the general administration of the commercial loan portfolio.
• Assist with the development of in-house real estate evaluations.
• Understand and maintain a thorough knowledge of the bank’s credit policies and compliance requirements.
• Maintain knowledge of State Laws and lending regulations as they pertain to commercial loans.
• Provide other support as needed.

Requirements

Qualifications and/or Educational Experience: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

A Bachelor’s degree from a 4-year college or university, which includes at least 18 credit hours of accounting/finance courses, and with 2-4 years of bank-related experience or training; or the equivalent combination of education and credit/accounting related experience.

Required Skills

• Exceptionally detail-oriented; strong organizational and time management skills.
• Ability to read, analyze, and interpret financial statements, tax returns, business periodicals, professional journals, technical procedures, laws and governmental regulations.
• Ability to write reports, business correspondence, and other documents as may be assigned.
• Effective verbal skills and the ability to present information and respond to questions from managers, customers, and the general public.
• Adept analytical and reasoning ability and problem-solving capabilities.
• Responsible and independent worker with strong interpersonal skills that interacts well with other employees, customers, and the general public.
• Ability to prioritize and multi-task.
• Ability to handle sensitive and confidential situations and documentation.
• Proficient computer skills, especially with Excel, and ability to navigate and utilize Commercial LOS.

Physical Demands

Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Seamen’s Bank

Seamen’s Bank is a Federal contractor and an Equal Opportunity Employer. Seamen’s Bank is collecting demographic data from applicants and employees to ensure nondiscrimination in all aspects of employment as well as for federal and/or state reporting purposes. In addition, we are subject to Vietnam Era Veterans’ Readjustment Assistance Act of 1974, as amended by the Jobs for Veterans Act of 2002, 38 U.S.C. 4212 (VEVRAA), which requires Government contractors to take affirmative action to employ and advance in employment protected veterans. In order to comply with these laws, Seamen’s Bank invites applicants to voluntarily self-identify their gender, race/ethnicity and protected veteran status. Seamen’s Bank does not discriminate on the basis of race, religion, color, sex, sexual orientation, gender identity, pregnancy, age, protected veteran status, non-disqualifying physical or mental disability, national origin, genetic information, or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need. Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.