Senior Commercial Credit Analyst
Apply NowCompany: Savers Bank
Location: Southbridge, MA 01550
Description:
Job Type
Full-time
Description
The Senior Commercial Credit Analyst reports to the VP, Commercial Credit Manager and plays a pivotal role in supporting the Bank's commercial lending by assessing and mitigating the risk associated with loan transactions.
This role is responsible for conducting a thorough analysis of individual commercial credit applications and associated annual reviews. Producing reports to meet department, institution and regulatory requirements and maintain a shared global knowledge of the loan portfolio
KEY RESPONSIBILITIES:
Analysis
Critical analysis of financial information provided by borrowers and guarantors to determine sources and uses of assets and risk profile.
Reconciling borrower financial data to appropriate industry standards.
Review of external reports to ascertain current or future concerns.
Transaction Coordination & Lifecycle Support
Work in conjunction with the Credit Administrator to maintain the flow of a commercial transaction from initiation to closing, proactively addressing potential delays.
Assist with coordination of Credit Committee.
Stakeholder Communication & Relationship Management
Ensure effective communication and timely updates with internal and external stakeholders involved in the commercial transaction.
Work in conjunction with other departments to assist in resolving commercial customer needs such as overdraft protection, new accounts and servicing questions.
Reporting & Data Integrity
Support institutional and regulatory reporting through the collection, verification, and maintenance of loan-related data.
Preparation of internal reports, board summaries, and data tracking initiatives related to commercial loan portfolios.
Maintain organized loan files and ensure timely updates to customer and loan records.
Operational Support & Problem Solving
Support process to create and execute legal and credit documentation.
Assist with management of software subscriptions that support department functions.
Community Engagement
Actively participate in the Bank's community involvement initiatives, supporting CRA-related activities and representing the Bank in service opportunities that align with its mission of local impact.
Requirements
Education & Experience
Bachelor's Degree, preferably in Finance, Accounting, or Business Administration or related field ie. Economics. An MBA is preferred.
Minimum of 5 years experience in commercial credit analysis, commercial banking, or financial services
Strong knowledge of financial statement analysis, cash flow analysis, and accounting principles.
Familiarity with compliance requirements (CRA, Reg B & HMDA) and regulatory reporting (e.g., HMDA, UCC filings).
Skills
Proficiency in Microsoft Office Suite (Word, Excel, Outlook); ability to learn and utilize bank-specific systems and software.
Experience with credit analysis tools or financial modeling a plus.
Effective analytical skills that produce educated assessments and conclusions.
Strong organizational and time management abilities with a focus on meeting deadlines and maintaining accuracy.
Excellent written and verbal communication skills to present a complete analysis.
Problem-solving mindset with the ability to adapt to changing priorities and resolve transaction issues efficiently.
Exposure to C&I (Commercial & Industrial) or CRE (Commercial Real Estate) lending.
Familiarity with regulatory and compliance requirements in banking.
Full-time
Description
The Senior Commercial Credit Analyst reports to the VP, Commercial Credit Manager and plays a pivotal role in supporting the Bank's commercial lending by assessing and mitigating the risk associated with loan transactions.
This role is responsible for conducting a thorough analysis of individual commercial credit applications and associated annual reviews. Producing reports to meet department, institution and regulatory requirements and maintain a shared global knowledge of the loan portfolio
KEY RESPONSIBILITIES:
Analysis
Critical analysis of financial information provided by borrowers and guarantors to determine sources and uses of assets and risk profile.
Reconciling borrower financial data to appropriate industry standards.
Review of external reports to ascertain current or future concerns.
Transaction Coordination & Lifecycle Support
Work in conjunction with the Credit Administrator to maintain the flow of a commercial transaction from initiation to closing, proactively addressing potential delays.
Assist with coordination of Credit Committee.
Stakeholder Communication & Relationship Management
Ensure effective communication and timely updates with internal and external stakeholders involved in the commercial transaction.
Work in conjunction with other departments to assist in resolving commercial customer needs such as overdraft protection, new accounts and servicing questions.
Reporting & Data Integrity
Support institutional and regulatory reporting through the collection, verification, and maintenance of loan-related data.
Preparation of internal reports, board summaries, and data tracking initiatives related to commercial loan portfolios.
Maintain organized loan files and ensure timely updates to customer and loan records.
Operational Support & Problem Solving
Support process to create and execute legal and credit documentation.
Assist with management of software subscriptions that support department functions.
Community Engagement
Actively participate in the Bank's community involvement initiatives, supporting CRA-related activities and representing the Bank in service opportunities that align with its mission of local impact.
Requirements
Education & Experience
Bachelor's Degree, preferably in Finance, Accounting, or Business Administration or related field ie. Economics. An MBA is preferred.
Minimum of 5 years experience in commercial credit analysis, commercial banking, or financial services
Strong knowledge of financial statement analysis, cash flow analysis, and accounting principles.
Familiarity with compliance requirements (CRA, Reg B & HMDA) and regulatory reporting (e.g., HMDA, UCC filings).
Skills
Proficiency in Microsoft Office Suite (Word, Excel, Outlook); ability to learn and utilize bank-specific systems and software.
Experience with credit analysis tools or financial modeling a plus.
Effective analytical skills that produce educated assessments and conclusions.
Strong organizational and time management abilities with a focus on meeting deadlines and maintaining accuracy.
Excellent written and verbal communication skills to present a complete analysis.
Problem-solving mindset with the ability to adapt to changing priorities and resolve transaction issues efficiently.
Exposure to C&I (Commercial & Industrial) or CRE (Commercial Real Estate) lending.
Familiarity with regulatory and compliance requirements in banking.