Credit Analyst

Credit Analyst, Main Office, Florence Regular Full-Time Main Office,Florence, MA, US Requisition ID: 1711 Are you looking for an employerthat provides Bank Officers 5 weeks of PTO and benefits upon hire,focuses on advancement opportunities, and has an overall averageemployee tenure of a decade? With tuition reimbursement, wellnessincentives, and a 401K plan with dollar-for-dollar match, Florence Bankhas it all! At Florence Bank, we offer: Competitive salary Hybrid workschedule after successfully completing 6 months of employment Generouspaid time off 12 paid holidays Dynamic work culture Fun work environmentWeekly pay schedule Medical, dental and life insurance upon hire 401Kplan with dollar-for-dollar match Profit sharing bonus after two fullcalendar years of employment Robust wellness program with monetaryincentives \$5,000 tuition reimbursement each calendar year PositionSummary: Analyzes all relevant credit and financial data used inevaluating the creditworthiness of commercial borrowers and in preparingof a comprehensive objective credit analysis in order to assistmanagement in the loan decision making process; accompanies Loan Officeron business calls to existing and prospective customers as needed, andassists the Loan Officer in developing and preparing the loan proposal;provides administrative support to Commercial Lenders and Credit Office.Essential Functions: Consistently provides superior professional serviceto internal and external customers. Consistently meet expectations ofteamwork, punctuality and regular, reliable attendance. Preparesobjective, written analyses of the Bank\'s commercial and real estateloans to be used by lending officers and senior management in the loandecision making process. Demonstrates a solid ability to recognize andassess pertinent risks and identifies the impact of non-financial andexternal factors, which range from general economic issues to industryand management issues, may have on the borrower\'s ability to meet itsobligations. Analyzes financial statements and cash flows in order todetermine profitability, capital adequacy, liquidity, asset quality, andthe ability to repay existing and proposed obligations. Accuratelyspreads financial statements, prepares, and maintains financialspreadsheets using department software. Performs personal cash flowanalysis and personal financial statement analysis on individuals inorder to determine liquidity, availability, and total liability. Remainscurrent on all Bank credit policies and existing laws and regulations,verifying conformity and noting exceptions in existing and prospectivecredit relationships. Gathers and assimilates appropriate data for eachcredit analysis and determines the need to request additionalinformation. To complete work assignments on a timely basis, meetingapplicable deadlines and working independently. Identifies potential ordeveloping problems within the loan portfolio and recommend risk ratingadjustments. Reviews commercial real estate appraisals for accuracy andconfirms/accepts values. Prepares adversely classified loan memorandumsfor troubled borrowers outlining Bank risk and action plan. Performsannual credit reviews of Bank\'s largest borrowers to access on-goingrisk and repayment ability. Other Responsibilities: Assumes additionalResponsibilities, As Requested. Education, Experience, And SkillsRequired: A bachelor\'s degree or the equivalent work-related experiencein business, finance, or accounting in order to be able to analyzefinancial statements and to make industry evaluations. A high level ofanalytical ability and detail orientation to determine the loan riskinvolved and recommend credit limitation and structure. Strong verbaland written communication skills. A minimum of one year of prior creditexperience in a banking environment. Strong PC knowledge.