In this role, within the Credit Department, the analyst will review commercial loan writeups (including new loans, line of credit renewals and household reviews) to ensure accuracy and help to make recommendations for technical and structural edits to the presentations. The role is designed for new credit professionals to learn the following basics of credit with the intention of moving to an underwriter role on a commercial loan team in a 12-24 month timeframe.
ESSENTIAL FUNCTIONS
In this role, you will develop a strong understanding of the following components within the credit analysis process:
Financial Statement Spreads
•Spread and balance an income statement and balance sheet
•Reconcile cash
•Develop business cash flows, personal cash flows and global cash flow analysis
Northern Bank Loan Policy:
•Understand Approval Authorities, NBTs Risk Rating methodology
•Understand Commercial C&I, CRE and Construction Lending underwriting standards
•Understand our “out of market” requirements and franchise lending requirements
Credit Memo
•Understand the following:
•The keys to structuring the credit memo
•Importance of application dates and where they are input
•Knowing where fields are in nCino that populate the credit memo templates
•How total exposure is calculated
•How the effective yield is calculated
•When to add a condition
•How covenants work and how to add and test them
•Knowledge of the different loan types and the importance of selecting the right one
•Understand the Boarding Summary fields and why each is important
Other Credit Exposure includes:
•How to read an appraisal and some general FIRREA guidelines
•General FDICIA rules and regs
•How to prepare an industry analysis
•Overview of loan legal documents
•Intro to SBA lending
•Understanding of Credit Reports (also how to acquire one)
•Review of Personal Financial Statements
Learn the how to analyze lending deals relating to:
•Real Estate
•Construction
•C&I
•Franchises
JOB QUALIFICATIONS
•Bachelor's degree in finance, accounting or quantitative related fields
•Strong analytical and math skills required.
•Strong attention to detail
•Related work/internship experience preferred.
•Ability to multi-task, prioritize work, and adapt to changes in working environment required.

About Northern Bank & Trust Company

Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $2.65 billion with 13 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit www.NBTC.com or follow Northern Bank on Facebook (/NorthernBankM A/), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company/northern-bank-ma/).