Credit Analyst I

Description

Join the Bank that shares success with others! As a locally managed mutual 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, Dependent Care, Child Care Subsidy, Retirement, Life Insurance and many other benefits.

The Credit Analyst I assesses and evaluates 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 – $3MM.

ESSENTIAL DUTIES AND RESPONSIBILITIES 

• Performs credit analysis and review on renewed and existing loans, including data from the applicant, and various additional sources, including existing bank customer information and records, credit bureaus, credit organizations, other financial institutions, and industry experts.
• 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 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, financial statements, accounts receivable ageings and borrowing base certificates, commercial field examinations, and other pertinent customer information.
• 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.

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

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, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE

Associates degree from a 2 year college or university; in accounting, business or finance or its equivalent through specialized education in credit analysis. Strong PC skills are required with experience with financial statements spreading software preferred. 

LANGUAGE SKILLS 

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public. The communicative nature of the position and analysis product, as reviewed by management, various boards, and regulators requires the individual to possess excellent language and communicative skills.

MATHEMATICAL SKILLS 

Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations. Good mathematical skills are necessary given the analytical nature of the position.

REASONING ABILITY 

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form. The incumbent must also be able to collect and analyze both facts and financial information. The completed product must be presented in a very organized, logical manner so as to support its conclusions.

PHYSICAL DEMANDS 

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to sit and reach with hands and arms. The employee is occasionally required to stand and walk. 

WORK ENVIRONMENT 

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. The incumbent will be required to participate in the maintenance of a positive work environment. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

KEY POINTS

It has been and will continue to be the policy of South Shore Bank to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, sex, color, religious creed, religion, national origin, citizenship status, age, disability, pregnancy, ancestry, military service, or veteran status, genetic or carrier status, marital status, sexual orientation, or any classification protected by applicable federal, state, or local laws. 

At South Shore Bank, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. We believe in Shared success and We before Me. Through a variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.