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PeoplesBank · 1 day ago

Credit Analyst

Holyoke, MA

Full-time

Onsite

Entry Level

$57K/yr - $70K/yr

1+ years exp

PeoplesBank is the largest mutually chartered bank in Western Mass and Northern Connecticut, known for its commitment to green values and community engagement. The Credit Analyst role involves assessing financial health and mitigating risk for commercial lending decisions by analyzing credit data and financial statements to provide actionable insights.

BankingFinancial ServicesInsuranceVenture Capital

Responsibilities

Evaluates the financial condition of applicants for commercial loans with the bank. Analyzes financial statements of borrowers and prospects, identifies primary and secondary sources of repayment, assesses risks, evaluates collateral, calculates cash flow, and researches the borrower’s industry and the economic impact of market conditions, all while considering Loan Policy requirements. Reviews data on new, renewal, and existing loans, including information from credit bureaus, other banks, and bank files. Completes renewals and new/increased limit requests for ACH and RDC

Analyzes the financial statements of borrowers, computes ratios, and recommends loan structures, considering policy and appropriate primary and secondary sources of repayment. As an introductory position to commercial lending, this role involves frequent consultation with peers and managers to produce work products. Typically, less complex analyses are assigned to this position

Orders and analyzes credit reports from agencies such as Experian. Responds to credit inquiries on both borrowing and non-borrowing commercial accounts in accordance with RMA guidelines

May participate in customer and prospect calls as part of the information-gathering team

May review appraisals for transactions less than $750,000

Assists in maintaining and producing various reports about the Bank's commercial portfolio

Complete all yearly compliance training and testing, and comply with bank, federal, and state regulations. Adhere to Bank Policies and Procedures and departmental and bank-wide service standards

Perform related duties as required

Qualification

Commercial credit productsFinancial analysisRisk assessmentMS Office 365Analytical skillsResearch skillsClient service skillsProblem-solving skillsAttention to detailTime managementCommunication skillsConfidentiality