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Sr. Commercial Credit Analyst

Company: Newburyport Bank
Location: Newburyport
Posted on: January 8, 2022

Job Description:

Newburyport Bank is a premier community bank in the Greater Seacoast looking to expand our team. If you are seeking an organization who treats customers, employees, and community members with respect, fairness, and an unwavering commitment to professional growth and development, apply now.
We are hiring a senior commercial credit analyst to analyze all relevant credit and financial data used in evaluating the creditworthiness of commercial borrowers. The analyst will prepare a comprehensive and objective credit analysis of new, renewing, and existing loan relationships to assist management in the loan decision making process.
Appraisal and Review:
-- Performs annual review of commercial borrowers and assists commercial department with report preparation and other duties as requested.
-- Recognizes and assesses pertinent risks and identifies the impact of non-financial and external factors, which range from general economic issues to industry and management issues and may impact the borrower's ability to meet its obligations.
-- Spreads financial statements and maintains financial spreadsheets accurately while completing preliminary review of personal and corporate credit worthiness for potential new borrowers.
-- Gathers and assimilates appropriate data for each credit analysis and determines the need to request additional information to complete work assignments on a timely basis, meeting applicable deadlines and working independently.
-- Identifies potential or developing problems within the loan portfolio and recommends action plans and risk rating adjustments as needed.
-- Supports ongoing credit file maintenance and overall commercial loan quality control while assisting the commercial loan origination staff in various related support functions.
-- Remains current on all Bank credit policies and existing regulations, verifying conformity, and noting exceptions in existing and prospective credit relationships.
-- Occasionally assists Commercial Lenders with constructions site visits, inspections, customer visits and customer meetings.
-- Assists Commercial Loan Officers with structuring commercial loans
-- Provide administrative support to the Credit Administration Team and Commercial Lending Officers as requested
Bachelor's Degree in accounting, finance, economics, or business administration
Minimum of 3 years of Commercial Credit/Banking and/or related experience
Strong understanding of commercial lending financial analysis and business structures, corporate and personal financial statements to determine credit worthiness and risk, ability to translate market data and valuation calculations in appraisal reports.
Detail orientation, ability to work successfully with deadlines and time constraints, ability to learn and apply basics of the Bank's products and services including loan products, self-motivation and decision-making skills required
Working knowledge of general banking and lending concepts and principals in addition to strong experience with and understanding of Microsoft applications (Word, Excel and Outlook).

Keywords: Newburyport Bank, Lowell , Sr. Commercial Credit Analyst, Professions , Newburyport, Massachusetts

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