Senior Credit Analyst – Commercial and Industrial Lending
Location: Needham, Massachusetts
Type: Full Time
4 Year Degree
Responsible for analyzing and monitoring the credit worthiness of the Bank’s customers. Analyze financial statements, tax returns and bank references to evaluate the financial condition of individuals and businesses applying for credit with the bank. Recommend credit facilities and structures within the established bank guidelines.
ESSENTIAL DUTIES & RESPONSIBILITIES
Obtain loan request information from commercial lender or borrower to analyze credit information, financial statements and other related information pertaining to the loan
Research background documentation and review personal and business financial statements and tax returns. Analyze financial information and prepares the preliminary analysis for the lender
Request and obtain financial statements on existing borrowers
Review and prepare written analysis, spreadsheets, reports, summaries and opinions
Prepare or assist in the preparation of loan memorandum for presentation to lenders and/or loan committees
Review loan files to ensure the completeness of the file and that all collateral has been secured properly
Update collateral values, as needed on delinquent loans
Follow all applicable laws and regulations
Support the commercial lending functions in managing existing loan relationships and pursuing new loan opportunities primarily by analyzing financial information and identifying credit risks. Provide recommendations for loan structuring
Prepare various written loan reports including: loan presentations, annual reviews, credit file comments and classified asset reports as needed in accordance with the Bank’s loan policy and procedures
Prepare, monitor and maintain credit files for the Bank’s commercial loan customers
Assist commercial loan officers in addressing customer inquiries and servicing requests
Assist the commercial lenders by interacting with select existing and new customers of the commercial lending team with new loan requests and maintenance of existing customers. This could include underwriting as well as annual reviews related to renewing credit facilities
Perform additional duties as requested, needed or assigned
Experience and Skills
Bachelor’s degree in Accounting/Finance or related area.
3+ years of Commercial and Industrial Lending credit experience with loan exposures ranging from $500,000 to $35 million.
Formal Credit Training preferred.
SBA underwriting experience preferred.
Extensive knowledge of financial institution policies and procedures
Extensive knowledge of commercial real estate lending practices and related areas
Strong knowledge of department support structures, resources and personnel
Excellent financial analytical skills with sound judgment and decision making abilities
Strong time management skills
Excellent project management skills
Excellent knowledge of personal/business financial statements and tax returns
Strong working knowledge of Microsoft office applications
Ability to build strong relationships and alliances across the organization, ability to adapt to change, ability to multi-task, reliable, and highly self-motivated
Superior customer service skills, exceed customers’ expectations
Excellent written and verbal English communication skills
Ability to adhere to Needham Bank’s Core Values (Focus on Customer Relationship, Embrace Change, Work as a Team, Be an Asset to Your Community, Always Learn, and Do the Right Thing)
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.
Don’t meet every single requirement? Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At NB, we are dedicated to building a diverse, inclusive and authentic workplace, so if you’re excited about this role, but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyways. You may be just the right candidate for this or other roles.
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.