Credit Risk Analyst

4 weeks ago

Newburyport, Massachusetts, United States River Run Services LLC Full time
Job Overview

River Run Services, LLC is a leading provider of shared services to Newburyport Bank and Pentucket Bank. As a Credit Analyst, you will play a critical role in identifying, monitoring, and controlling credit risk in a commercial banking environment.

This position is part of a Credit Analyst Development Program, which provides participants with the skills essential for careers in credit risk management, commercial lending, loan underwriting, and other areas of banking. You will gain exposure to various cash flow models and applications, and apply basic concepts from accounting, finance, and economics.

Key Responsibilities
  • Perform annual reviews of commercial borrowers and assist the commercial department with report preparation and other duties as requested.
  • Recognize and assess pertinent risks and identify the impact of non-financial and external factors on the borrower's ability to meet its obligations.
  • Spread financial statements and maintain financial spreadsheets accurately, while completing a review of personal and corporate creditworthiness for potential new borrowers.
  • Gather and assimilate appropriate data for each credit analysis and determine the need to request additional information to complete work assignments on time.
  • Identify potential or developing problems within the loan portfolio and recommend action plans and risk rating adjustments as needed.
  • Prepare comprehensive approval documents covering the prospective borrower and their request to obtain credit.
  • Support ongoing credit file maintenance and overall commercial loan quality control, while assisting the commercial loan origination staff in various related support functions.
  • Remain current on all Bank credit policies and existing regulations, verifying conformity and noting exceptions in existing and prospective credit relationships.
  • Occasionally assist Commercial Lenders with construction site visits, inspections, customer visits, and customer meetings.
  • Assist Commercial Loan Officers with structuring commercial loans.
  • Provide administrative support to the Credit Administration Team and Commercial Lending Officers as requested.
Requirements
  • 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 principles.
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 Human Resources at hr@riverrun.com or call 978-462-3136.

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