Credit Analyst II

Description:

SUMMARY

The Credit Analyst II is responsible for performing 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, with minimal assistance from Credit Leadership,. 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, reviews appraisal and environmental reports.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• With minimal assistance from Credit Manager, spread and analyze financial statements and supplementary information. Performs detailed evaluation of customer’s credit capacities as well as provide detailed reports outlining the financial condition of prospective and present borrowers. The individual must possess 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 assess guarantor position.
• Assesses creditworthiness within the proposed structure and ensure 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. Discuss 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.
• Orders, tracks, and reviews real estate appraisals and environmental reports under the direct supervision of a Credit Manager.
• Prepares various periodic reports with respect to the loan portfolio.
• Ensures credit source documents, information, and analyses are properly saved / filed. Assist 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.
• Complete all internal Bank training as assigned and required.
• Adhere to the Bank’s privacy and data security policies including but not limited to safeguarding of sensitive information and complying with relevant regulations to protect non-public information.
• Exhibit the ability and desire to embrace and enhance the Bank culture.

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.

SUPERVISORY RESPONSIBILITIES

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

Requirements:

QUALIFICATIONS

To perform this job successfully, an 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

• 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 2-3 years of experience in a banking environment. Familiarity with review and identification of key terms and conditions included in legal loan documentation.
• Experience with electronic delivery channels including Internet Banking, Mobile Banking/Mobile Deposit, eStatements, Bill Pay, etc. is preferred.
• Basic knowledge of the banking and financial services industry including federal laws and regulations
• Willingness to gain new knowledge and technical skills.
• Intermediate typing skills to meet the production needs of the position.
• Intermediate math skills: the ability to calculate interest, commissions, proportions, and percentages; balance accounts; add, subtract, multiply, and divide into all units of measure, using whole numbers, common fractions, and decimals; locate routine mathematical errors; compute rate, ratio, and percent, including the drafting and interpretation of bar graphs.
• Exceptional verbal, written, and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, train personnel, read, analyze, and interpret documents and professional journals, understand procedures, write reports, correspondence, and procedures, speak clearly to customers and employees.

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 sit and talk or hear. The employee is occasionally required to stand, walk; use sufficient hand, arm and finger dexterity or feel objects, tools, or controls. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.

KEY POINTS

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, Childcare Subsidy, Retirement, Life Insurance, and many other benefits.

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.

PAY RANGE DISCLOSURE

The pay range for this position is $74,165.85 to $99,245.05 per year and is the lowest to highest salary South Shore Bank in good faith believe we would pay for this role at the time of this posting. The Bank may ultimately pay more or less than the posted range, and the range may be modified in the future. An employee’s pay position within the salary range will be based on several factors including, but not limited to, relevant education, qualifications, certifications, experience, sales or revenue-based metrics, and business or organizational needs and affordability.

EOE/F/M/Vet/Disabled.