Business Development Credit Specialist

7 days ago


Needham, Massachusetts, United States Needham Bank Full time
Job Overview

We are seeking a highly skilled Business Development Credit Specialist to join our team at Needham Bank. This role plays a critical part in the bank's commercial lending strategy, analyzing credit worthiness and providing expert recommendations.

Salary and Benefits

The successful candidate can expect a competitive salary of $65,000 - $90,000 per year, depending on experience, plus an amazing benefits package including fully paid medical and dental insurance, HRA, 401(k) plan with an 8% bank match, paid time off (PTO), paid holidays, a bonus program, flexible spending accounts, vision service plan, group term life insurance, short and long term disability insurance, tuition reimbursement, and an Employee Assistance Program.

Key Responsibilities
  • Analyze and monitor the credit worthiness of commercial customers, recommending credit facilities within established bank guidelines.
  • Collect and track receipt of financial statements, borrowing base certificates, and covenant compliance certificates from existing customers.
  • Perform annual reviews of existing relationships, spreading financial statements, analyzing corporate borrower's financial performance and condition, evaluating cash flow, collateral, guarantor support and other pertinent factors.
Requirements
  • Bachelor's degree in Accounting/Finance or related area.
  • At least 2 years of Commercial and Industrial Lending credit experience with loan exposures ranging from $500,000 to $35 million.
  • SBA underwriting experience preferred.

This is a full-time position working in a normal business office environment. We offer a great benefit package to our eligible part-time employees as well. At NB, we are dedicated to building a diverse, inclusive and authentic workplace - if you are excited about this role, but your past experience doesn't align perfectly with every qualification in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles.



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