Credit Analyst

Found in: Careerbuilder One Red US C2 - 2 weeks ago


Bradford MA United States Newburyport Five Cents Savings Bank Full time

Working alongside other analysts, commercial loan officers, and, at times, senior executives, the successful candidate will be trained to identify, monitor, and control credit risk in a commercial banking environment. This position is guided by a formal Credit Analyst Development Program in which participants are trained to become adept in essential loan portfolio management functions. 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, covenant testing, and occasional special projects. This position is an excellent foundation for careers in credit risk management, commercial lending, loan underwriting, and other areas of banking.


DUTIES AND RESPONSIBILITIES:

· Utilize the bank's statement spreading software program to summarize financial statements.

· Evaluate proposed credit transactions and assess borrowers' operating trends and projections.

· Document and mitigate credit risk by analyzing operating cash flow, EBITDA, collateral, profitability, margins, and industry factors; review and assign credit risk ratings

· Prepare written credit write-ups documenting key findings and recommendations for senior managers.

· Collaborate with other analysts, loan officers, and loan assistants to renew and review existing loans ensuring consistent improvement in credit quality and loan performance.

· Track progress via the bank's CRM system and other pipeline reports.

· Provide other administrative support and attend periodic seminars, training, and bank events when necessary.


This position does not have supervisory responsibilities.



PI1777d3219878-25448-33036693



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