Description

(On-site)

The Credit Analyst identifies, monitors, and controls credit risk in a commercial banking environment. This position is guided by a Credit Analyst Development Program in which participants learn the skills essential for careers in credit risk management, commercial lending, loan underwriting, and other areas of banking. This will include exposure to various cash flow models and applications, and will involve applying basic concepts from accounting, finance, and economics. Day-to-day tasks include financial spreading and analysis, credit underwriting, evaluation of commercial borrowers, covenant testing, and occasional special projects. 

Requirements

• Performs annual review of commercial borrowers and assists commercial department with report preparation and other duties as requested. 
• Recognizes and assesses pertinent risks and identifies the impact of non-financial and external factors, ranging from general economic issues to industry and management issues, which may impact the borrower’s ability to meet its obligations. 
• Spreads financial statements and maintains financial spreadsheets accurately while completing a review of personal and corporate creditworthiness for potential new borrowers.
• Gathers and assimilates appropriate data for each credit analysis and determines the need to request additional information to complete work assignments on time, meet applicable deadlines, and work independently. 
• Identifies potential or developing problems within the loan portfolio and recommends action plans and risk rating adjustments as needed. 
• Supports ongoing credit file maintenance and overall commercial loan quality control while assisting the commercial loan origination staff in various related support functions. 
• Remains current on all Bank credit policies and existing regulations, verifying conformity, and noting exceptions in existing and prospective credit relationships. 
• Occasionally assists Commercial Lenders with constructions site visits, inspections, customer visits and customer meetings. 
• Assists Commercial Loan Officers with structuring commercial loans.
• Provides administrative support to the Credit Administration Team and Commercial Lending Officers as requested.

Education and Experience

• Comprehension of general accounting and finance principles, typically gained through a bachelor’s degree in business. 
• Ability to complete a basic financial analysis of a company
• Ability to translate market data and valuation calculations in appraisal reports. 
• Ability to learn basics of the Bank’s products and services, with a focus on loan and commercial products. 
• Detail orientation, ability to work successfully with deadlines and time constraints, ability to learn and apply basics of the Bank’s products and services including loan products, self-motivation and decision-making skills required
• Proficiency with Microsoft Office, Outlook and working knowledge of general banking/ lending concepts and principals.

Physical Requirements

• Prolonged periods of sitting at a desk and working on a computer.
• Must be able to lift up to 15 pounds at times. 

River Run Services, LLC is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, ancestry, national origin, gender, sexual orientation, marital status, religion, age, disability, gender identity, results of genetic testing or service in the military.

If you are an individual with a disability and require a reasonable accommodation to complete the application process, you may contact Candela Borracci at cborracci@newburyportbank.com or call 978-225-8757.