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MutualOne Bank · 3 months ago

Senior Credit Analyst

Framingham, MA, USA

Full-time

Onsite

Mid, Senior Level

$86K/yr - $138K/yr

5+ years exp

MutualOne Bank is a financial institution that is seeking a Senior Credit Analyst to determine and monitor credit risk in the commercial loan portfolio. The role involves analyzing financial statements, preparing loan memoranda, and overseeing credit administration department staff.

FinanceFinancial ServicesReal Estate

Responsibilities

Evaluates the financial condition of individuals and businesses applying for credit with the financial institution

Analyzes loan data on new and existing loans and borrower relationships, including data provided by credit bureaus, other financial institutions and financial institution files

Determines if loan requests meet sound underwriting standards

Monitors adherence to loan policies and credit risk review policies

Assists with reviewing borrowing bases for formula-based / non-conforming asset-based loans

Prepares and presents memos and management reports to the Security Committee on a regular basis

Identifies credit risk situations and provides guidelines to line of business lending managers

Oversees and manages financial information files to assure current financial statements, accounts receivable and other information on customer accounts

Reviews and updates new and existing loan files for the financial institution on an as needed basis

Prepares spread sheets, reports, summaries and opinions for financial institution officers on new, renewal and existing loans

Maintains knowledge of department policies and procedures through internal and external training activities

Assists with monitoring departmental workload; provides mentoring and guidance to junior credit department staff

Maintains knowledge of department policies and procedures through internal and external training activities

Works under general supervision and in compliance with established policies, procedures and regulations

Qualification

Credit risk analysisFinancial statement analysisAccounting principlesMicrosoft ExcelRegulatory complianceInterpersonal skillsProblem-solving skillsPresentation skills

Required

Bachelor's degree in Business, Finance or Accounting

5+ years of credit and financial statement analysis experience

Good interpersonal, communication & computer skills

Familiarity with federal and state regulations regarding lending and related departments

Strong understanding of accounting principles with ability to prepare and analyze financial statements, including working capital cycles and collateral

Advanced computer skills including Microsoft Word, and Excel

Advanced written, oral, and interpersonal skills with ability to prepare and make presentations

Ability to apply critical thinking and problem-solving skills

Ability to adapt to changing demands and requirements

Compliance with BSA regulations as appropriate to the position