South Shore Bank

Credit Analyst II

Job Locations US-Weymouth
ID
2018-1375
Category
Credit
Type
Regular Full-Time

Overview

SUMMARY

Responsible for in-depth credit and financial statement analyses to assess and evaluate the financial condition of businesses which have obtained or seek to obtain credit from the bank.  Preparation of written credit analyses/reviews on credits ranging from $250M-$20MM with direct involvement in reaching decisions on credits at the lower end of the range.

Responsibilities

ESSENTIAL DUTIES AND RESPONSIBILITIES

  • Analyze financial statements, and supplementary information, and perform detailed evaluation of customers credit capacities as well as provide detailed summaries outlining the financial condition of prospective and present borrowers.  The individual must possess the knowledge and experience to perform a detailed analysis of a customer's Balance Sheet, Income Statement and Statement of Cash Flow.
  • Review trends in the customer's business, comparing past years and identifying key metrics.  Review Industry trends, and look at change in management or company focus/direction.
  • Spreads financial statements in accordance with a prescribed format and prepares summaries and opinions for bank officers and management.
  • Ensures adherence to loan policy and risk management goals of the bank.
  • Initiates credit inquiries as part of credit risk assessment.
  • Orders, tracks and reviews real estate appraisal under the direct supervision of a Credit Manager.
  • Prepares various periodic reports and risk assessments with respect to the loan portfolio.
  • Makes specific recommendations as to loan structure as to enhance credit quality both on an individual and portfolio basis.
  • Reviews financial statements and related information to determine borrowers' adherence to loan covenants.
  • Reviews credit files to assure current reports, officer comments, appraisals, construction inspections, financial statements, accounts receivable agings and borrowing base certificates, commercial field examinations, and other pertinent customer information.
  • Establish and maintain positive relationships and communication within the Credit Department, other departments and clients to enhance customer service.
  • Mentors junior analysts
  • Assembles and distributes Loan Approval Committee packages.
  • Writes Loan Approval Committee minutes.
  • Notes exceptions to policy based upon Credit Request Summaries and other sources.
  • Maintains various tickler programs.
  • Other duties as determined. 

 

QUALIFICATIONS  

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

required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Qualifications

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 OnePoint or financial statements spreading software preferred.  Eighteen months minimum experience in credit analysis is required.

 

South Shore Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

 

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