Senior Credit Analyst

$72,064 - $95,485/Yr

South Shore Bank - Weymouth, MA

Full-time - Mid Level

Weymouth, MA

Credit Intermediation and Related Activities

About the position

The Senior Credit Analyst at South Shore Bank is responsible for conducting in-depth credit and financial statement analysis to evaluate the financial condition of businesses seeking credit. This role involves preparing detailed credit analyses, ensuring compliance with loan policies, and providing recommendations to mitigate risks. The analyst will also guide other credit staff and participate in customer meetings, contributing to the bank's mission of serving the community effectively.

Responsibilities

• Independently spreads and analyzes financial statements and supplementary information.
• Performs detailed evaluation of customers' credit capacities and provides reports on their financial condition.
• Reviews trends in customers' businesses and assesses covenant compliance.
• Assesses creditworthiness and ensures adherence to loan policy and risk management goals.
• Proposes recommendations to mitigate identified risks and discusses findings with the Credit Manager.
• Reviews legal documentation and key loan terms, identifying and testing covenants.
• Performs periodic loan reviews for existing loans.
• Provides technical expertise and guidance to other credit underwriting staff.
• Participates in customer meetings as requested by lending staff.
• Reviews real estate appraisals and environmental reports under supervision.
• Prepares various periodic reports regarding the loan portfolio.
• Ensures credit source documents and analyses are properly saved and filed.
• Assembles and distributes Loan Approval Committee packages and writes minutes as requested.

Requirements

• Bachelor's degree in economics, accounting, business, or finance.
• 4-5 years of experience in a banking environment.
• Strong PC skills with experience in financial statement spreading systems such as nCino.
• Familiarity with legal loan documentation and key terms.

Nice-to-haves

• Experience with Moody's financial statement spreading software.

Benefits

• Medical Insurance
• Dental Insurance
• Vision Insurance
• Flexible Spending Account
• Child Care Subsidy
• Retirement Plan
• Life Insurance