Commercial Credit Analyst
The Merrimack is seeking an experienced, detail-oriented, and collaborative Credit Analyst to support our commercial lending and credit administration teams in a mid- to senior-level capacity within a community banking environment.
About the role
In this position, you will prepare comprehensive credit analyses, evaluate financial performance and repayment capacity, identify credit risks, and support sound lending decisions for new and existing commercial relationships.
Responsibilities
- Prepare clear, thorough credit analyses for commercial loan requests, renewals, annual reviews, and relationship reviews.
- Evaluate financial statements, tax returns, projections, collateral, guarantor support, repayment capacity, and overall credit risk.
- Identify key risks, strengths, trends, covenant concerns, loan exceptions, and other factors affecting credit quality.
- Provide underwriting support, credit recommendations, and portfolio insight to lenders and credit management.
- Assist with collateral evaluations, appraisal reviews, and related documentation as needed.
- Support portfolio monitoring through Watch List reports, Watch Asset reports, loan loss reserve analysis, annual reviews, and other credit-related reporting.
- Track financial statements, file commentaries, annual reviews, and credit follow-up items to help maintain timely and accurate credit files.
- Communicate regularly with lenders, credit management, and internal partners regarding priorities, deadlines, and work in progress.
Requirements
- Bachelor’s degree in Business, Finance, Accounting, or a related field preferred.
- Typically three or more years of experience in commercial credit, commercial lending, portfolio management, finance, accounting, or a related banking field.
- Demonstrated ability to analyze business and personal financial statements, tax returns, cash flow, collateral, and repayment sources.
- Strong written and verbal communication skills, including the ability to present credit information clearly and professionally.
- Experience with loan origination systems, including nCino.
- Proficiency with Microsoft Excel and standard office software applications.
- Ability to prepare spreadsheets, reports, and ad hoc analyses to support credit decisions and portfolio management.
- Strong attention to detail, organizational skills, and ability to manage multiple priorities and deadlines in a changing environment.
- Ability to collaborate across departments while maintaining professionalism, sound judgment, and confidentiality.
Benefits
- Medical, dental, and vision coverage.
- 401(k) with company match.
- Paid time off.
- Paid parental leave.
- Tuition reimbursement.
- Professional development opportunities.
Pay
Salary range: $65,000 – $87,000, negotiable based on experience.
Schedule
Full Time, Monday–Friday, 8:00 a.m. – 5:00 p.m.
Why join The Merrimack
At The Merrimack, we build genuine partnerships through exceptional customer service, teamwork, integrity, and excellence. We take pride in supporting the communities we serve and creating an environment where employees can do meaningful work, grow professionally, and contribute to a strong community banking culture.