Job Description
Job Description
We are looking for an experienced Senior Credit Analyst to join our team in Rockland, Massachusetts. In this role, you will assess credit risks for commercial loan requests, analyze financial data, and oversee an existing loan portfolio. This is a long-term contract position offering a dynamic opportunity to contribute to the organization and guide less experienced analysts.
Responsibilities :
- Conduct thorough analyses of financial statements, management profiles, and business cycles to evaluate credit risk.
- Perform credit underwriting for mid-size to large commercial loan applications, including mortgages, industrial loans, and revolving credit lines.
- Prepare detailed written reports on loan relationships, ensuring compliance with banking regulations and internal policies.
- Administer annual reviews and renewals for borrower relationships and working capital revolving lines of credit.
- Provide recommendations on loan terms and structures to mitigate risk and safeguard the institution's capital.
- Guide less experienced analysts, enhancing their credit assessment skills and supporting them through complex loan transactions.
- Collaborate with customers, bank officers, and loan operations teams to address inquiries and resolve credit-related issues.
- Review property appraisals and perform evaluations for collateral on loans under $250,000.
- Engage in ongoing skill development and represent the bank at community and industry events.
- Complete required training programs in a timely manner and fulfill other assigned duties as needed.
- Minimum of 5 years of experience in credit analysis or commercial banking.
- Strong expertise in evaluating financial statements and credit applications.
- Proven ability to underwrite complex commercial loans, including mortgages and revolving credit lines.
- Familiarity with commercial lending and collections processes.
- Excellent written and verbal communication skills for preparing detailed reports and interacting with stakeholders.
- Ability to mentor and support team members who are newer to the field effectively.
- Knowledge of banking regulations and policies related to credit and appraisals.
- Bachelor's degree in finance, accounting, or a related field preferred.