Credit Analyst - (Peabody, MA)

North Shore Bank - Peabody, MA

Full-time - Senior

Peabody, MA

Credit Intermediation and Related Activities

About the position

The Credit Analyst position at North Shore Bank involves performing a variety of credit-related duties under the general direction of the Credit Manager. The role requires independent analysis of complex credit requests, including financial statement analysis and loan documentation review, primarily for commercial loans. The Senior Analyst will work with minimal supervision, evaluate bank risk, and recommend loan approvals or declines based on thorough assessments of borrowers' financial health and market conditions.

Responsibilities

• Independently completes written analysis on complex credit requests from new and existing customers.
• Analyzes the general market and industry, the borrower's financial information to determine repayment ability, collateral support, and guarantor support.
• Determines adequacy of information provided and requests additional data when needed.
• Meets independently with the loan officer to discuss issues and follows up with the borrower if necessary.
• Evaluates Bank risk, recommending approval or declination of the loan.
• Annually reviews the credit quality of designated loans in the Bank's existing commercial loan portfolio.
• Examines loan documentation and updated financial information, and communicates improvement/deterioration in credit quality and impact on Risk Ratings.
• Performs abbreviated credit analysis on renewing loans.
• Identifies strengths and weaknesses with each credit and recommends appropriate risk ratings in adherence with the Bank's loan policy.
• Spreads business financial statements and corporate tax returns for Loan Officers using LoanVantage or similar software.
• Analyzes customer's projections for reasonableness and prepares additional projection scenarios using statement spreading software.
• Provides direction and assistance to the Credit Analyst(s) in the absence of the Credit Manager.
• Keeps abreast of new developments and regulatory changes in the Credit and Lending fields.

Requirements

• Bachelor's Degree or related experience; business management, finance, accounting or economics preferred
• 5-7 years credit analysis experience, preferably in the Banking environment
• Leadership and supervisory experience demonstrated in prior work history
• Strong understanding of accounting concepts and analytical skills
• Excellent interpersonal skills, ability to interact with senior management
• Excellent written and oral communication skills
• Strong computer skills, ability to work in Microsoft Office
• Ability to work independently, manage competing priorities and meet deadlines
• Familiarity with all types of commercial loan analyses

Benefits

• Health savings account
• AD&D insurance
• Paid holidays
• Disability insurance
• Health insurance
• Dental insurance
• Flexible spending account
• Tuition reimbursement
• Paid time off
• Vision insurance
• 401(k) matching
• Gym membership
• Referral program
• Pet insurance