Senior Credit Analyst

Management Recruiters Inc. – The Boston Group; Franklin (MA); On-site; USD 90,000 - 120,000; Full time

Job summary

Dean Bank, headquartered in Franklin, MA, seeks a Senior Credit Analyst to review and perform quality analyses for commercial loans, ensuring accurate risk assessment and repayment capability. You will manage credit analysts and coordinate with loan officers and the Lending Committee.

The role requires overseeing cash-flow, collateral analyses and compliance with bank policies, while preparing credit memos and presenting findings. Strong communication and analytical skills are essential.

Qualifications

• Bachelor's degree in business, finance or accounting or equivalent.
• Minimum three years' financial services credit analysis experience.
• Excellent verbal and written communication and organizational skills.
• Advanced spreadsheet analysis experience.
• Ability to read and interpret loan documents and policy manuals.

Responsibilities

• Lead and motivate the credit team to ensure accuracy and high-quality work.
• Review and analyze commercial loans, CRE and construction loan requests and provide sound credit approvals.
• Prepare financial statement spreadsheets and credit memoranda for loan officers and Lending Committee.
• Gather information from credit sources and present clear credit risk evaluations.
• Assess cash flow, collateral and non-financial risks to determine risk levels.

Skills

Analytical

Financial analysis

Communication

Education

Bachelor's degree in business, finance or accounting

Job description

Our client is a mutual community bank headquartered in Franklin, Massachusetts with branches also in Bellingham, Blackstone and Mendon. Our focus is on our customers. It is our goal to help them solve every day financial problems with deposit, lending, insurance and investment products and services.

JOB DESCRIPTION: The Senior Credit Analyst reviews and performs quality analyses for commercial loans to prospective and existing clients. This position assures that these analyses are accurate, objectively present the risk of the transaction, and address the bank's ability to be re-paid. The Senior Credit Analyst will manage credit analysts, which includes assigning tasks, reviewing reports, determining risks and rewards, compiling data, and organizing presentations to the Lending Committee.

ESSENTIAL FUNCTIONS;

• Lead and motivate holding others accountable for the accuracy and quality of their work. Establish clear expectations of performance and agree actions/outputs with relevant business owners.
• Reviews, analyzes and processes commercial, commercial real estate and construction loan requests while adhering to Bank policies and procedures. Performs ratio, cash flow and collateral analyses needed to provide sound credit approval recommendations.
• Participates in preparing financial statement spreadsheets, reports, summaries and opinions for loan officers for new, renewing and existing loans, including review for compliance and generating credit rating memorandum.
• Contacts credit and financial sources and determines requirements for additional information or investigation into loan requests. Provides credit information and references to loan officers and authorized external sources.
• Determine the degree of risk involved in extending credit by performing a cash-flow analysis of each business.
• Research economic environment, business and industry cycles, and assess management and operations to understand non-financial risks associated with the borrowers.
• Contacts credit and financial sources and determines requirements for additional information or investigation into loan requests. Provides credit information and references to loan officers and authorized external sources.
• Reviews appraisals and environmental reports. Reviews annual tax returns/financial statements.
• Ensure that extensions of credit reflect Dean Bank's risk appetite, and are in full compliance with credit policies, target market criteria, product programs and all relevant internal policies. In case of less than full compliance, ensure that exceptions are identified, escalated, approved and monitored in line with exception management guidelines.
• Responsible for the monitoring and completion of management reports including Loan Exception Report, Loan Covenant Tracking Report, Pipeline Report and ALR Report.
• Maintain a thorough understanding of the content and aggregate risks within the portfolio, trends and other key statistics.
• Manage the renewal process by working with the Commercial support staff, the client and the Credit Analyst department.
• Manage assigned team members; make routine employment decisions, review performance, make salary recommendations; assign work, provide coaching and training, advise team members as necessary; resolve team member issues.

Education and experience:

• Bachelor's degree in business, finance or accounting or equivalent.
• Minimum three (3) years previous financial services commercial credit analysis.
• Excellent verbal and written communication skills, customer service, and organizational skills.
• Advanced spreadsheet analysis experience.
• Ability to read and interpret documents such as memos, loan documents, disclosures, training manuals, help screens and policy and procedure manuals.

Keywords: Banking; Senior Credit analyst; Commercial