Senior Commercial Credit Analyst
4 weeks ago
Job DescriptionJob DescriptionDescription:
River Run manages the shared services organization supporting both Newburyport Bank and Pentucket Bank. While both Banks maintain their independent, mutual community bank status, working in tandem under River Run provides scale to the organization. Working together under River Run provides greater opportunities for advanced products and services and operational efficiencies. This will establish River Run as a dominant, sustainable, independent, and full service mutual community banking partnership in the Northeastern Massachusetts and Southern New Hampshire markets.
The Senior Commercial Credit Analyst is responsible for analyzing all relevant credit and financial data used in evaluating the creditworthiness of commercial borrowers. The Senior Analyst will prepare a comprehensive and objective credit analysis of new, renewing, and existing loan relationships to assist management in the loan decision making process.
Please read the information in this job post thoroughly to understand exactly what is expected of potential candidates.
Analysis and Review
- Performs annual review of commercial borrowers and assists commercial department with report preparation and other duties as requested.
- Recognizes and assesses pertinent risks, identifies the impact of non-financial and external factors ranging from general economic issues to industry and management issues that may impact the borrower’s ability to meet its obligations.
- Spreads financial statements and maintains financial spreadsheets accurately, while completing preliminary review of personal and corporate credit worthiness 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 a timely basis, meeting applicable deadlines and working 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 meetings.
- Assists Commercial Loan Officers with structuring commercial loans.
- Completes work assignments on a timely basis, meeting applicable deadlines and working independently.
- Reviews appraisal and environmental due diligence as required by loan policy.
Education and Experience
- Bachelor’s Degree in accounting, finance, economics, or business administration.
- Minimum of 3 years of Commercial Credit/Banking and/or related experience.
- Strong understanding of commercial lending financial analysis and business structures, corporate and personal financial statements to determine credit worthiness and risk.
- Ability to translate market data and valuation calculations in appraisal reports.
- Detail orientation and ability to work successfully with deadlines and time constraints.
- Ability to learn basics of the Bank’s products and services, including loan and commercial products.
- 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/Affirmative Action 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@riverrunmhc.com or call (XXX) XXX-XXXX.
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