Credit Analyst - Commercial and Industrial Lending
Location: Needham, Massachusetts
Type: Full Time
Responsible for analyzing and monitoring the credit worthiness of the Bank’s commercial customers. Recommend credit facilities within the established bank guidelines.
ESSENTIAL DUTIES & RESPONSIBILITIES
Collect and track receipt of financial statements, borrowing base certificates, and covenant compliance certificates from existing customers
Perform annual reviews of existing relationships including spreading financial statements, analyzing corporate borrower’s financial performance and condition, evaluating cash flow, collateral, guarantor support and other pertinent factors
Produce modification requests for existing relationships
Prepare preliminary analysis, typically financial statement spreads and cash flow calculation, of prospective borrowers
Underwrite new loan requests including above referenced analysis as well as evaluation of proposed transaction
Assign risk ratings as appropriate and monitor covenant compliance
Provide analytical support to Senior Credit Analyst and Account Officers as needed
Attend and participate in meetings with customer and Account Officer as needed
Be prepared to discuss proposals with approval authorities on a one-on-one basis as well as in a committee setting
Perform additional duties as requested, needed or assigned
Experience and Skills
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.
Knowledge of commercial and industrial lending practices and related areas
Knowledge of financial institution regulatory environment and policy
Ability to work independently with some guidance from team members
Prioritize work product in order to meet varying deadlines
Excellent knowledge of corporate and personal financial statements
Excellent financial analytical skills with sound judgment and decision making abilities
Ability to build strong relationships and alliances across the organization, ability to adapt to change, ability to multi-task, reliable and highly self-motivated
Aptitude in Microsoft Office Suite, especially Excel and Word
Experience with spreading software
Excellent written and verbal English communication skills
Ability to adhere to Needham Bank’s Core Values (Quick-Decision-Making, Reliability, Relationship-Based Focus and Quality Service)
Represent the Bank at various community functions
Participate on Bank task forces and committees as assigned
Engage in continuing education opportunities as they become available
Needham Bank offers a competitive salary and an amazing benefit package for a full-time employee which includes 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. We offer a great benefit package to our eligible part-time employees as well.
Needham Bank is an Equal Opportunity/Affirmative Action Employer. Needham Bank will provide all applicants for employment and all employees with equal opportunity for employment and promotion regardless of race, color, religion, gender, national origin or ancestry, age, disability, veteran status, military service, sexual orientation, genetic information, or gender identity.
At Needham Bank, you’ll find passionate employees dedicated to building great connections and a strong community. We strive to bring the very best in community banking to every market we serve and with that, we have experienced tremendous growth in the last few years, which is why we are looking to build our team with talented experts in almost every area.
If you’ve been looking for a career building strong relationships and making a difference, join us. We’ve fostered a culture where employees are heard, valued and compensated competitively for their work. Plus, our benefits packages are unmatched in the industry. For all that and more, we were named one of the Boston Globe’s Top Places to Work in 2020.