Senior Credit Analyst

Description

SUMMARY 

Join the Banks that share success with others! As a locally managed bank, South Shore Bank is driven by the needs of communities rather than the demands of investors.  You can help us serve as a trusted advisor to the people, businesses and organizations that make our communities stronger. We also provide a competitive benefit package with Medical, Dental, Vision, Flexible Spending, Child Care Subsidy, Retirement, Life Insurance and many other benefits. 

Performs independent in-depth credit and financial statement analysis to assess and evaluate the financial condition of businesses which have obtained or seek to obtain credit from the bank. Preparation of written credit analysis/reviews on credits ranging from $250M and higher. Will also note any deviations from the Loan Policy and Loan Covenants as appropriate. Along with other Credit Department staff, maintains and reviews appraisal and environmental reports. 

ESSENTIAL DUTIES AND RESPONSIBILITIES 

• Independently spreads and analyzes financial statements and supplementary information. Performs detailed evaluation of customers credit capacities as well as provides detailed reports outlining the financial condition of prospective and present borrowers. The individual must possess significant knowledge and experience to perform a highly detailed analysis of a customer’s Balance Sheet, Income Statement, Statement of Cash Flow, and tax returns.
• Reviews trends in the customer’s business, comparing past years, and assessing covenant compliance. Reviews industry trends, assess collateral, initiate credit inquiries, and assesses guarantor position.
• Assesses creditworthiness within the proposed structure and ensures adherence to loan policy and risk management goals of the bank, with identification of any deviation from policy.
• Proposes recommendations (structure or otherwise) to mitigate identified risks. Discusses findings with Credit Manager and lending staff to communicate recommendations as to loan structure as to enhance credit quality both on an individual and portfolio basis.
• Reviews legal documentation key loan and approval terms, identify and test covenants. Maintains related trackers as required.
• Performs periodic loan reviews for existing, commercial real estate, commercial, and construction loans. 
• Provides technical expertise and guidance to other credit underwriting staff including integration and assistance with implementing new credit related technology and reporting.
• Participates in customer meetings as requested by lending staff.
• Reviews real estate appraisals and environmental reports under the direct supervision of a Credit and Construction Manager.
• Prepares various periodic reports with respect to the loan portfolio.
• Ensures credit source documents, information, and analyses are properly saved / filed. Assists with integration and testing of new credit and electronic filing systems and technologies as needed.
• Establishes and maintains positive relationships and communication within the Credit Department, other departments, and clients to enhance customer service.
• Assembles and distributes Loan Approval Committee packages as requested. Writes Loan Approval Committee minutes as requested.
• Other duties as determined. 

SUPERVISORY RESPONSIBILITIES:

May guide and provide training to other analysts as needed or requested.

Consider this description to be the foundation of your job, not its boundaries.  Expect to participate in internal and external training sessions and activities not described here which enhance the quality of service to the client.

Requirements

QUALIFICATIONS 

To perform this job successfully, the individual must be able to perform each essential duty independently and satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE

Bachelor's degree (B. A.) from four-year college or university; in economics, accounting, business or finance (or its equivalent through specialized education in credit analysis). Strong PC skills are required with experience with Moody’s or other financial statements spreading and systems such as nCino software preferred.  A minimum of 4-5 years of experience in a banking environment. Familiarity with review and identification of key terms and conditions included in legal loan documentation. 

LANGUAGE SKILLS 

Ability to read, analyze, and interpret general business periodicals, pro