Sr. Credit Analyst

About the role

Division: Commercial. Department: CRE – Credit & Admin. Reports to: Underwriting & Portfolio Manager. Status: Exempt. Grade: 10. Location: Boston, MA. Principal Objective: To analyze and underwrite credit requests for Bank prospects and customers and to maintain and monitor loans within the portfolio under the supervision of lending officers.

Responsibilities

• Analyze and underwrite credit requests in a timely fashion by using some or all of the following resources: applications, spreads, financial statements, tax returns, credit bureaus, meetings with customers/prospects, appraisals, web research and other resources as necessary.
• Determine if request is in compliance with Bank policy and note any exceptions.
• Discuss deal structure, cash flow, collateral, and customer character with Relationship Managers (RM).
• Accompany RM on customer calls and interact with customers in person and over the phone as directed by lender.
• Interact with financial professionals including CPA’s, CFO’s, etc. as needed to assist in the underwriting of credit memos.
• Present written analysis and observe presentations by lenders.
• Conducts market surveys through contact with brokers, online research, etc.
• Manage existing portfolio of customers by tracking and preparing annual reviews of relationship obligations.
• Maintain tracking database with updated information as needed.
• Identify potential problem loans and deficiencies.
• Assist customers when needed with questions regarding loans and retail products.
• May oversee workflow or mentor junior Analysts

Qualifications

Education: Bachelor’s degree in relevant field

Experience: 3 – 5 years of commercial credit experience

Skills

Excellent written and oral communication skills; Extensive knowledge of PC applications, including Excel, Word and Access; Be well versed in the Bank’s credit policy and underwriting standards; Be familiar with and fulfill compliance requirements

Pay

Salary Range: $55,588 - $102,474 (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)