Commercial Services - Commercial Credit Analyst

Chelsea, MA 02150, USA Req #102
Tuesday, February 9, 2021

Commercial Services - Commercial Credit Analyst


PURPOSE/OBJECTIVE:


The purpose of the Commercial Credit Analyst is to perform quality underwriting for business loans, both for existing relationships and new loan requests, particularly those that are complex in nature or have a greater level of exposure.



MAJOR RESPONSIBILITIES:


  • Collect financial information from members and CPA's and analyze business and personal financial statements, industries, management profiles, business/product cycles, collateral, and cash flow ability to develop an assessment of credit risk including reviewing historical operating performance.
  • Accompanied by Relationship Manager, meet with commercial lending prospects and borrowers to probe for information and develop an understanding of the business and its management.
  • Conduct independent and objective annual reviews of existing credit relationships, as well as assisting management with scheduled and unscheduled loan reviews of the existing portfolio.
  • Interface with commercial appraisers and environment professionals.
  • Prepare written analyses of appraisal and environmental reports to support opinion as to Metro’s risk acceptance.


PROBLEM SOLVING & DECISION MAKING:


The incumbent works independently in analyzing borrowing prospects and has wide latitude in recommending loans within the confines of Metro’s policies and procedures. Analyst recommendations, if carried out by management, could have a significant impact on MCU credit costs and profitability.



REQUIREMENTS:


Education and Experience


Bachelors Degree or equivalent plus 3 to 5 years of commercial credit/lending experience required, including ability to analyze commercial and industrial, as well as commercial real estate businesses; and/or combination of education and experience required.


Skills/Knowledge/Certifications


  • Proven analytical skills & PC skills (Word & Excel).
  • Excellent communication skills, both verbal and written.
  • Specialized knowledge of Small Business and Commercial Real Estate loans preferred.
  • Excellent interpersonal skills and team-oriented.
  • Working Conditions

General office environment.

  • Ability to work on deadline, balancing multiple projects at the same time.

Other details

  • Pay Type Salary
  • Chelsea, MA 02150, USA