Origination Analyst

northernbank; Woburn (MA); On-site; USD 80,000 - 85,000; Full time

Job summary

Northern Bank & Trust Company is seeking an Origination Analyst in Massachusetts to assist Loan Officers throughout the loan life cycle, gather credit information, and assess creditworthiness for prospective borrowers. You will analyze opportunities, draft proposals, and ensure accurate documentation and reporting.

The role involves collaboration with the loan team, maintaining records, and updating Salesforce while supporting special projects as needed.

Qualifications

• 2+ years of experience underwriting commercial loans preferred.
• Bachelor’s degree in business, finance, or accounting preferred.
• Strong analytical, technical, and statistical skills.
• Ability to multitask, prioritize, and manage time efficiently.
• Good communication and organizational skills.
• Ability to work independently as well as in collaboration with a team.
• Sound knowledge of credit risk, accounting principles, financial statements, and tax returns.
• Understanding of the banking industry and the regulatory requirements associated with it.
• Proficient in Microsoft Excel, PowerPoint, and Word.

Responsibilities

• Assist the Loan Officer in various phases of the loan life cycle from application to post-closing.
• Compile information to evaluate loan opportunities accurately.
• Evaluate and present commercial loan opportunities to Loan Officers.
• Draft commercial loan proposals and communicate with borrowers and staff.
• Work with loan closing team and Bank’s attorney to close loans.
• Maintain accurate document management records and manage client documents.
• Update reports within Salesforce and review Loan Presentations.
• Review and process advance requests.
• Monitor borrower performance and perform market analyses to identify trends.

Skills

Analytical skills

Technical skills

Statistical skills

Multitasking

Communication

Organizational skills

Team collaboration

Independent work

Credit risk knowledge

Financial statements

Tax returns

Banking regulation knowledge

Education

Bachelor's degree in business/finance/accounting

Tools

Microsoft Excel

Microsoft PowerPoint

Microsoft Word

Job description

SUMMARY/OBJECTIVE

The Origination Analyst is responsible for reviewing prospective opportunities brought to the Bank by the Loan Officers and assisting the Loan Officer in various aspects of the loan life cycle including the progression of the Loan through approval and closing. The Origination Analyst gathers and analyzes credit information on current and prospective borrowers to monitor ongoing performance and evaluate the creditworthiness of prospective loan opportunities.

ESSENTIAL FUNCTIONS

• Assist the Loan Officer in various phases of the loan life cycle (from application to post-closing) which may include:
  • Compiling necessary information needed to evaluate loan opportunities accurately.
  • Evaluating and presenting commercial loan opportunities to the Loan Officers.
  • Drafting commercial loan proposals.
  • Communicating with the borrower and Bank staff throughout the loan process.
  • Working with the loan closing team and the Bank’s attorney to close the loan.
  • Maintaining accurate document management records of clients and managing the process to request, collect, and store client documents.
  • Updating relevant reports within Salesforce.
  • Reviewing completed Loan Presentation.
  • Reviewing and processing advance requests.
• Monitor and track borrower performance for identified relationships.
• Perform market, industry, and economic analyses to identify trends and variances.
• Collaborate with a team of commercial loan analysts and ensure accurate analysis is performed on new and existing loan data.
• Maintain accurate department records and other duties as assigned by supervisor.
• Assist in various special projects as assigned.

JOB QUALIFICATIONS

• 2+ years of experience underwriting commercial loans preferred
• Bachelor’s degree in business, finance, or accounting preferred
• Strong analytical, technical, and statistical skills
• Ability to multitask, prioritize, and manage time efficiently.
• Good communication and organizational skills
• Ability to work independently as well as in collaboration with a team
• Sound knowledge of credit risk, accounting principles, financial statements, and tax returns.
• Understanding of the banking industry and the regulatory requirements associated with it
• Proficient in Microsoft Excel, Microsoft PowerPoint, and Microsoft Word

The annual salary range for the Origination Analyst is $80,000 - $85,000 per year.

About Northern Bank & Trust Company

Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of over $3 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit www.NBTC.com or follow Northern Bank on Facebook, Twitter, Instagram, and LinkedIn (company/northern-bank-ma/).