Senior Member Credit Analyst

The Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England, serving more than 400 financial institutions across the region. As a cooperative, we are owned by banks, credit unions, insurance companies, and community development financial institutions that access tens of billions of dollars of our reliable, wholesale funding annually. Our funds help members succeed, provide families with safe, decent affordable housing, and generate economic development that creates jobs in communities throughout our region.

About the role

The Senior Member Credit Analyst (the Analyst) is responsible for monitoring and assessing the financial condition of the Bank’s member institutions. The Analyst also participates in the credit underwriting process by reviewing credit requests and ensuring compliance with the Bank’s risk guidelines. Additionally, the Analyst produces routine or ad-hoc credit reports and supports broader sector credit reviews. This role has a hybrid work schedule in our Boston office in accordance with the Bank’s Hybrid Work Program, with more time expected in the office initially to support onboarding.

Responsibilities

• Assess the financial condition of member institutions and prospect members by preparing comprehensive credit reviews, initially focusing on member banks and credit unions, and later analyzing less complex insurance members.
• Monitor member and market trends and developments, communicating key themes to internal stakeholders.
• Participate in or lead due diligence calls with senior management of member institutions.
• Present credit recommendations to the Bank’s Credit Committee.
• Review and approve credit requests, ensuring compliance with the Bank’s guidelines.
• Run member and industry financial data through the Bank’s credit models; perform back-testing and benchmarking to assess model performance.
• Assist in the preparation of the monthly Credit Committee meeting package, including producing reports related to the financial condition of the membership, and support the compilation of meeting minutes.
• Work closely with other team members on special projects to support the overall goals and objectives of the Credit Department.
• Stay informed of regulatory and reporting changes issued by member regulators, including updates to quarterly call report requirements.
• Perform other duties as assigned.

Requirements

• Bachelor’s degree with a concentration in finance, accounting, or economics, or directly related equivalent work experience.
• Minimum of 4 years of financial analysis experience, with a focus on analyzing the creditworthiness of depository institutions and preferably insurance companies.

Skills

• Experience as a credit analyst covering financial institutions, preferably insurance companies, including familiarity with key regulatory and accounting considerations, core financial drivers, credit metrics, and related risk issues.
• Ability to apply financial expertise to practical, real-world analyses.
• Ability to write concise, well-structured credit reports that clearly convey supporting information and conclusions, and to effectively present conclusions and/or recommendations.
• Demonstrated ability to assess the relative importance of key credit metrics and other relevant financial and qualitative factors, with a desire to continuously enhance analytical skills and subject-matter knowledge.
• High level of proficiency in Microsoft Excel, including advanced formulas, data manipulation from multiple sources, queries, and pivot tables. Experience with S&P CapIQ (SNL) Data Wizard is a plus; familiarity with Power BI is helpful.
• Ability to communicate clearly and effectively, both verbally and in writing, with senior management of member institutions and internal stakeholders.
• Demonstrated confidence, initiative, and ability to complete assignments independently and in a timely manner.
• Proven ability to work effectively in a collaborative team environment.
• High degree of integrity and personal ethics, with a willingness to perform duties in accordance with company and departmental policies and procedures.

Pay

The anticipated base pay range for this role is $97,750 - $149,500 annually. The actual base salary offer will depend on relevant experience, required skills, and other factors. This role is based in Boston with weekly in-office expectations.

Benefits

All full-time positions are eligible to participate in our annual incentive program and robust total rewards offerings, in addition to the base pay. For more information, visit Careers - FHLBank Boston.