Senior Credit Analyst (FT)

Westfield Bank; Springfield (MA); On-site; USD 95,000 - 120,000; Full time

Job summary

Westfield Bank is seeking a Senior Credit Analyst to evaluate creditworthiness and produce objective analyses for commercial lending decisions. You will review financial data, assess risks, and work with loan officers to structure favorable terms.

The role requires 3+ years in commercial credit, strong Excel and analytical skills, and the ability to manage multiple credit requests in a fast-paced environment. Exempt, full-time position based in Springfield, MA.

Qualifications

• Bachelor's degree in Accounting, Finance or Business Administration or equivalent experience.
• Minimum of three years of Commercial Credit Analyst experience handling large, complex credits.
• Proficient in Microsoft Word, Excel, and financial statement spreading software.
• Strong organization and critical thinking; excellent written and verbal communication.
• Analytical experience with Commercial & Industrial Loans and Commercial Real Estate loans.

Responsibilities

• Prepare objective analyses of moderately complex lending relationships for loan officers and senior management.
• Assess risks from economic, industry, and management factors affecting borrower repayment.
• Analyze financial statements and cash flow to evaluate profitability, liquidity, and asset quality.
• Ensure adherence to bank credit policies and identify policy exceptions in underwriting.
• Evaluate proposed loan structures and monitor loan covenants.
• Conduct outside research on industries, borrowers, and guarantors as needed.
• Gather data for each credit analysis and request additional information as required.
• Complete assignments on time and with minimal supervision while maintaining quality.
• Assist in training less experienced staff and new analysts.
• Take on additional tasks as needed and maintain high productivity.

Skills

Analytical Skills

Financial Analysis

Communication

Time Management

Decision Making

Education

BS in Accounting/Finance

Tools

Financial Spreadsheets

Job description

Position:Senior Credit Analyst

Department:Credit Administration

Job Status:Full Time

FLSA Status:Exempt

Grade:11

Reports to:VP, Commercial Credit Manager

Amount of Travel Required:No Travel Required

Positions Supervised:N/A

POSITION SUMMARY

Responsible for the analysis of all relevant credit and financial data of medium-to-complex borrowers. This data is used in evaluating the creditworthiness of commercial borrowers and in producing a comprehensive and objective credit analysis in order to assist management in the loan decision making process.

ESSENTIAL FUNCTIONS

• Prepares objective, written analyses of moderately complex lending relationships to be used by loan officers and senior management in the loan decision making process. Prepares related complex numerical analyses including accurate completion of financial statement spreads.
• Works independently and demonstrates the ability to recognize and assess pertinent risks and identify the impact that non-financial and external factors, ranging from general economic issues to industry and management issues, may have on the borrower’s ability to meet its obligations. Makes recommendations to Loan Officers and Executive Committee for approval or denial and credit risk rating.
• Analyzes financial statements and cash flow of moderately complex borrowers and guarantors in order to determine profitability, capital adequacy, liquidity, asset quality, and the ability to repay existing and proposed obligations.
• Understands and remains current on bank credit policies and accurately identifies policy exceptions during the loan underwriting process.
• Evaluates appropriateness of proposed loan structure on new deals.
• Performs outside research as necessary on industries, real estate records, borrowers and guarantors.
• Monitors loan covenant compliance on existing loan relationships.
• Gathers and assimilates appropriate data for each credit analysis and determines the need to request additional information.
• Completes assignments in a timely fashion, meeting applicable deadlines and displaying the ability to work independently with minimal supervision while producing an accurate work product.
• Assists with training and development of less experienced staff and new analysts.
• Illustrates a willingness to take on additional assignments as necessary within the department.
• Maintains a high productivity level yet produces thorough and accurate work, minimizing errors.
• Must complete BSA, AML, and other Regulatory and Continuing Education as assigned.
• Must adhere to all bank and regulatory policies and procedures specific to position. Assumes additional responsibilities as requested.

POSITION QUALIFICATIONS

Competencies

• Analytical Skills
• Communication
• Decision Making/Judgment
• Productivity & Time Management
• Quality
• Teamwork & Cooperation

Education/Experience/Skills

• Bachelor of Science Degree in Accounting, Finance or Business Administration or relevant work experience.
• Minimum of three years of previous Commercial Credit Analyst experience required with demonstrated ability to work on the Bank’s largest and most complicated credit requests.
• Proficient in Microsoft Word, Microsoft Excel, and financial statement spreading software.
• Strong personal organization and critical thinking skills.
• Excellent written and verbal communication skills.
• Analytical experience with Commercial & Industrial Loans and Commercial Real Estate loans.

PHYSICAL DEMANDS

Physical Demands

Stand: O (Occasionally)

Walk: O (Occasionally)

Sit: F (Frequently)

Handling / Fingering: F (Frequently)

Reach Outward: O (Occasionally)

Reach Above Shoulder: O (Occasionally)

Climb: N (Not Applicable)

Crawl: N (Not Applicable

Squat or Kneel: N (Not Applicable

Bend: N (Not Applicable)

Lift/Carry

10 lbs or less: N (Not Applicable

11-20 lbs: N (Not Applicable

21-50 lbs: N (Not Applicable

51-100 lbs: N (Not Applicable)

Over 100 lbs: N (Not Applicable)

Push/Pull

12 lbs or less: N (Not Applicable

13-25 lbs: N (Not Applicable

26-40 lbs: N (Not Applicable)

41-100 lbs: N (Not Applicable)

N (Not Applicable) Activity is not applicable to this occupation.

O (Occasionally) Occupation requires this activity up to 33% of the time (0-2.5+ hrs/day)

F (Frequently) Occupation requires this activity from 33%-66% of the time (2.5-5.5+ hrs/day)

C (Constantly) Occupation requires this activity more than 66% of the time (5.5+ hrs/day)

Other Physical Requirements

None

Westfield Bank has reviewed this job description to ensure that essential functions and basic duties have been included. It is not intended to be construed as an exhaustive list of all functions, responsibilities, skills and abilities. Additional functions and requirements may be assigned by supervisors as deemed appropriate.