Senior Commercial Credit Analyst

4 days ago


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

River Run Services, LLC is a leading provider of shared services to community banks. As a Senior Commercial Credit Analyst, you will play a critical role in evaluating the creditworthiness of commercial borrowers and assisting management in the loan decision-making process.

Key Responsibilities
  • Analysis and Review
    • Perform annual reviews of commercial borrowers and assist the commercial department with report preparation and other duties as requested.
    • Recognize and assess pertinent risks, identify the impact of non-financial and external factors that may impact the borrower's ability to meet its obligations.
    • Spread financial statements and maintain financial spreadsheets accurately, while completing preliminary reviews of personal and corporate credit worthiness 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 a timely basis, meeting applicable deadlines and working independently.
    • Identify potential or developing problems within the loan portfolio and recommend action plans and risk rating adjustments as needed.
    • 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 meetings.
    • Assist Commercial Loan Officers with structuring commercial loans.
    • Complete work assignments on a timely basis, meeting applicable deadlines and working independently.
    • Review appraisal and environmental due diligence as required by loan policy.
    Requirements
    • 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 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.


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