Credit Analyst Commercial Lending Team

Description

Headquartered on the Outer Cape in Provincetown, Massachusetts, Seamen’s Bank just celebrated its 175th birthday. While we honor our past that is rich with history and success, we now look to our future with confidence and ambition. We are focused on strategically advancing our financial performance, widening and strengthening our customer base, and increasing our community impact.

Headquartered on the Outer Cape in Provincetown, Massachusetts, Seamen’s Bank just celebrated its 175th birthday. While we honor our past that is rich with history and success, we now look to our future with confidence and ambition. We are focused on strategically advancing our financial performance, widening and strengthening our customer base, and increasing our community impact.

The Credit Analyst contributes to the achievement of the Commercial Loan Department’s goals as it relates to revenue and portfolio growth, asset quality, and compliance.

Specifically, the Credit Analyst will work closely with the commercial lenders to identify and manage the credit risk and quality of the commercial loan portfolio. Primary responsibility is to provide credit analysis of new and existing loans by researching and gathering information in order to prepare a loan approval memorandum, conducting financial analysis of business entities and individuals, and assigning and verifying the appropriate risk rating for new and existing borrowers.

All duties and responsibilities will be performed while adhering to Seamen’s Bank policies and procedures, and all applicable laws and regulations.

Include the following:

• Conduct in-depth analysis of company financial statements and tax returns to determine credit strengths and weaknesses of existing and potential borrowers. The analysis includes, but is not limited to, business and global cash flow analysis, trend analysis, collateral valuation, guarantor analysis, and interest rate sensitivity analysis.
• Review, analyze and interpret credit reports, personal financial statements, and tax returns. Spread financial information utilizing financial statement spreading software.
• Prepare credit memorandum for new loan requests, renewals, reviews, modifications, and extensions.
• Accurately identify loan policy exceptions and mitigating factors.
• Confer with the commercial team to ensure relationships are appropriately risk rated.
• Utilize the Commercial LOS platform for loan portfolio administration including ticklers for requesting financial information for completion of annual line of credit renewals and annual borrowing relationship reviews.
• Work with loan officers and other staff to follow-up on missing financial information and other documents necessary for the credit analysis process.
• Coordinate with loan officers to annually request current financial information from borrowers with lines of credit and/or with larger borrowing relationships, including preparing request letters for the loan officers.
• Provide assistance in the general administration of the commercial loan portfolio.
• Assist with the development of in-house real estate evaluations.
• Understand and maintain a thorough knowledge of the bank’s credit policies and compliance requirements.
• Maintain knowledge of State Laws and lending regulations as they pertain to commercial loans.
• Provide other support as needed.

Qualifications and/or Educational

Experience:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

A Bachelor’s degree from a 4-year college or university, which includes at least 18 credit hours of accounting/finance courses, and with 2-4 years of bank-related experience or training; or the equivalent combination of education and credit/accounting related experience.

• Exceptionally detail-oriented; strong organizational and time management skills.
• Ability to read, analyze, and interpret financial statements, tax returns, business periodicals, professional journals, technical procedures, laws…