What are the responsibilities and job description for the Commercial Banking Development Program Trainee position at Rockland Trust Company and Careers?
Rockland Trust is actively recruiting Trainees to learn the skills necessary to join our strong team of Credit Analysts, Portfolio Managers and Commercial Loan Officers. Enthusiastic and energetic individuals looking to enter the commercial credit and banking industry and become part of a collaborative, high-performing team of professionals are encouraged to apply.
As a Commercial Banking Development Trainee, you will be part of a comprehensive, formal training program held in Boston, MA. You will work directly with other credit professionals, Commercial Loan Officers and other Rockland Trust departments to master basic lending practices including loan structure, financial analysis, credit risk assessment, and relationship management. This program is designed to prepare participants for future roles within Commercial Credit, Portfolio Management, or Commercial Lending.
Following successful completion of the program, you will be encouraged to pursue open positions to continue your career growth. Currently, Rockland Trust has Lending Centers throughout Greater Boston, South Shore, Cape Cod, Greater Worcester, Providence and Merrimack Valley areas.
What Does a Credit Analyst Do?
A credit analyst prepares comprehensive credit analyses to assess credit worthiness of businesses and individuals. Commercial loan requests presented for analysis may include real estate financing, lines of credits, equipment loans or other commercial credit facilities. Independent risk ratings and recommendations are developed based on a thorough analysis, including:
- Spreading and analyzing financial statements and conducting collateral analysis to minimize risk and potential loss
- Performing economic and industry analysis, financial projections, and risk assessments to maximize credit quality
- Evaluating clients' credit needs and borrowing capacity
- Verifying information provided utilizing available resources, such as the internet, credit reports and other tools provided internally
- Communicating with Lenders and accepting feedback from Senior Credit Colleagues
- Participating in internal and external training programs to build technical and professional skills
Credit and lending recommendations are based on the complete analysis of businesses’ financial condition, cash flow, debt capacity, and collateral to properly assess potential risks regarding the company’s ability to repay the proposed loans.
Program Experience:
Commercial Banking Development Program Trainees will collaborate with experienced Commercial Lenders and Credit professionals supporting a diverse portfolio of small business, middle market, and commercial real estate clients through active portfolio management and credit review.
Trainees will receive extensive training on sales fundamentals, relationship management, and client development . The program concludes with a structured rotational experience, providing exposure to multiple credit and lending teams to help Trainees better understand the organization and identify potential long-term career paths within Commercial Banking.
Qualifications Needed:
- A Bachelor's degree in Accounting, Finance, Business or other related field highly preferred OR relevant experience in financial analysis and banking
- Strong knowledge of financial accounting
- Excellent written and verbal communication skills
- Ability to successfully complete online and in person training in conjunction with credit assignments
- Ability to communicate clearly and professionally via email, phone and other modes of communication
- Comfortable working independently while also collaborating with teammates to achieve shared goals
- Proficiency in MS Office Suite (Word, Excel, Teams, Outlook) in the Windows environment
Strong candidates will demonstrate intellectual curiosity, critical thinking skills, accuracy, sound judgment, and accountability, with the ability to absorb new concepts quickly, apply feedback, and manage multiple priorities. As part of our hiring process qualified candidates will be asked to complete job related assessments.
Please note: the interview process for this position will begin in early March.
Our goal is to offer our colleagues the most generous benefits package possible. We strive to provide colleagues with a comprehensive benefits package and an environment that supports a healthy work-life balance. Benefits include: Competitive compensation with performance incentive awards, Health Insurance, Dental Insurance, a 401K and DC Plan for your retirement, LTD & Life Insurance, Day Care Reimbursement, Tuition Assistance for graduate and undergraduate programs, an award winning Wellness program and much more!
At Rockland Trust you'll find a respectful and inclusive environment where everyone is given the chance to succeed. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, national origin, disability status, protected veteran status, or any other characteristic protected by law.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.