Commercial Credit Analyst
Monson Savings Bank is currently seeking a Commercial Credit Analyst responsible for the assessment of complex financial statements and accountable to perform all monitoring including covenant testing, financial trending, and industry performance. Performs due diligence and credit analysis of current and prospective clients.
This non-exempt, full-time position works within the Commercial Lending Department located at our Loan & Operations Center, 75 Post Office Park, Wilbraham, MA.
Some of the position responsibilities include:
- Prepares objective, written analyses of the Bank’s commercial and real estate loans to be used by lending officers and senior management in the loan decision process. Demonstrates a solid ability to recognize and assess pertinent risks and identifies the impact of non-financial and external factors, which range from general economic issues to industry and management issues, which may impact the borrower’s ability to meet its obligations.
- Analyzes financial statements and cash flows to determine profitability, capital adequacy, liquidity, asset quality, and the ability to repay existing and proposed obligations.
- Performs cash flow analysis and personal financial statement analysis on individuals. Obtains credit reports and includes findings. Performs annual credit reviews to assess on-going risk, repayment ability, documentation conformity to the approved credit terms and conditions, and appropriate risk rating assignment.
- Assists with the creation of cash flow models used to assess financial soundness, including appropriate debt covenant levels, debt service and repayment capabilities.
Education/Experience: Bachelor’s degree in finance, accounting, business, or related field.
Minimum of 2 years’ experience in credit analysis, loan underwriting and documentation and/or credit review functions or equivalent combination of education and experience.
Qualifications/Skills: Position requires a customer service-oriented professional with thorough knowledge of credit administration, policy, procedures and risk analysis. Must have excellent verbal and written communication skills with demonstrated technical report writing skills. Thorough knowledge of accounting, economic & finance principles required. Experienced with Microsoft Office suite and proficiency in Excel required. Strong organizational skills, attention to detail, and ability to prioritize and manage time required. Interacts with others in an effective and professional manner, with a team approach to work responsibilities.
Join our growing and dynamic team! Monson Savings is a successful community bank dedicated to our customers, associates, and communities! Benefits include paid time off, 401(k) with company match, suite of insurance benefits including medical, dental, and more! This is a great opportunity to join a successful local bank that has a rich history of investing in employees and local communities for more than 150 years!
Monson Savings is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.
Reasonable accommodation may be made to enable qualified individuals with disabilities to perform the essential position functions.