Senior Credit Analyst

Description:

About Bankwell:

Bankwell is a commercial bank with more than $3 billion in assets that serves the banking needs of businesses and individuals. At Bankwell, we pride ourselves on our unique ability to bring you high touch, high quality banking with the expertise and dedication of our experienced team of professionals. When it comes to business, our deep industry knowledge, flexibility and innovative treasury and financing services enable us to find the right solutions for our business and commercial clients. We’re passionate about giving back and are actively involved with many not-for-profit organizations that help shape and improve the lives of others. We’re dedicated to giving our time and talent to support the communities we serve. More about Bankwell can be found at www.mybankwell.com.

Summary of Position:

Evaluate and determine the credit risks of commercial clients through detailed financial statement analysis, industry assessment, collateral valuation, and cash flow and repayment analyses. In this role, the analyst will be analyzing primarily Commercial & Industrial (C&I) loans, with emphasis on special industries including but not limited to health care and leasing & finance.

Responsibilities include:

Perform extensive due diligence on commercial loan borrowers including but not limited to analyzing business and personal financial statements and tax returns, quality of earnings reports, industry data, appraisals and other third-party reports

• Work directly with Relationship and Portfolio Managers to obtain all necessary documentation and information required to thoroughly underwrite loan requests. This includes determining the need for more thorough investigation or additional information, and efficiently coordinating the gathering of such information
• Draft detailed credit write-ups summarizing income statement, balance sheet, and cash flow components and trends, assessing repayment ability and capacity, and providing well-supported narrative analysis identifying and describing risk and mitigants of specific transactions and risk rating conclusions
• Display a deep understanding of complex credit, transaction, and borrower organizational structures
• Present analysis and address questions during credit request discussions or loan committee presentations
• Accompany Relationship Managers on borrower and property site visits, as needed, and often establishing a direct relationship with the client to expedite future due diligence dialogue
• Perform periodic credit reviews of updated financial information for existing borrowing relationships, assessing covenant compliance and adherence to loan policy

Requirements:

Qualifications & Skills:

• Minimum 10+ years’ experience in commercial credit at a commercial bank, credit union, or other lending institution
• Must be formally credit trained
• In-depth knowledge of Microsoft Office Suite, including excellent Word and Excel skills required
• Bachelor’s degree required with a focus in either finance or accounting preferred, or commensurate Master’s degree program in finance or accounting
• Ability to function effectively, efficiently, and independently in a fast-paced and rapidly expanding environment
• Strong sense of integrity and personal ethics
• Strong verbal and written communication skills
• Proficiency in Abrigo preferred

Location: Hybrid Remote

• Tuesday - Thursday: New Canaan, CT (In-office)
• Monday & Friday: Office/Remote

This job description is a general description of essential job functions. It is not intended as an employment contract, nor is it intended to describe all duties someone in this position may perform. All employees are expected to perform tasks assigned by supervisory personnel, regardless of job titles or routine job duties.

Bankwell is committed to a policy of Equal Employment Opportunity and will not discriminate against any applicant or employee on the basis of race, color, religion, sex, sexual orientation, national origin or ancestry, age, physical or mental disability, veteran or military status, marital status, or any other legally recognized protected basis under federal, state or local laws.

Applicants with disabilities may be entitled to reasonable accommodation under the terms of Americans with Disabilities Act and certain other state or local laws. Please inform Bankwell’s Human Resources representative if you need assistance completing any forms or to otherwise participate in the application process.

All employees are responsible for complying with banking regulations that apply to Bankwell. This includes, but is not limited to, adhering to the BSA and various consumer protection regulations, and complying with OFAC sanctions. Employees are required to complete compliance training and follow policies and procedures for applicable regulations based on their role. An employee’s failure to comply with banking regulations will be individually reviewed and assessed. The result of non-compliance may impact job performance ratings and may be serious enough to require termination of employment.