Sr. Commercial Credit Associate

Division: Commercial • Department: ABL – Credit & PM • Reports to: Head of Portfolio & Credit Administration • Status: Exempt / AVP Grade: 11 • Location: Hybrid within MA, CT, NY, VT, RI

Purpose/Objective

Perform financial analysis and prepare underwriting documents to support and make recommendations for complex multimillion-dollar commercial credit requests and vendor arrangements. The Sr. Credit Associate provides support for the deal team in analysis, approval, and execution.

Responsibilities

• Responsible for supporting the most complex ABL transactions
• Accountable for underwriting all business opportunities
• Communicates and maintains active dialogue with both the Relationship Manager and Client
• Reviews financial statements, projection models and all other relevant financial and non-financial data to develop a concise focused analytical foundation for a credit decision
• Prepares thorough credit underwriting identifying industry concerns, market share trends, financial trends, and other pertinent underwriting issues to present to the approving Credit Officer or Loan Committee
• Ensures underwriting and structuring decisions reflect commitment to strong asset quality
• Prepares analysis and write-ups for amendments, consents, and waivers to existing credit documentation
• Conducts periodic site visits with the Relationship Manager to assess management and business conditions
• Attends bank meetings when applicable
• Ensure risk rating accuracy and compliance with Credit Policy
• Monitors the financial performance of portfolio companies to include ongoing covenant compliance and annual reviews
• Mentors the Credit Underwriters and Credit Associates
• Assumes additional responsibilities and duties as necessary to ensure department objectives are met
• May manage the distribution and taking of minutes for Executive Loan Committee
• Assists in department objectives by determining to extend credit to complex commercial relationships
• Provides analysis and recommendation to conduct business with specific participation banks and vendors
• Coordinates with both the Relationship and Portfolio Managers in making recommendation regarding the extension of credit to new and existing commercial clients
• Works closely with both the Relationship and Portfolio Managers on making recommendations on business relationships with commercial clients
• Assist with the completion of various projects as outlined by management regarding the credit quality of the portfolio or other projects as needed
• Ensures compliance with all banking laws, rules, regulations, and prescribed policies/practices/procedures necessary to reduce risk and uphold ethical standards related to and required by one’s duties

Requirements

• Undergraduate degree in Business, Accounting, Finance, or Economics preferred
• 8+ years of commercial credit underwriting experience or with preference for working on middle market, ABL, and commercial real estate transactions

Skills & Knowledge

• Strong analytical skills and knowledge of both financial and managerial accounting
• Effective verbal and written communication skills

Pay

Salary Range: $66,699 - $122,975. Actual compensation within the pay range will be determined based on factors including, but not limited to, skills, prior relevant experience, and specific work location.