Credit Analyst

Note: This position is based on-site at our Main Branch on Commercial Street in Provincetown, MA. To be considered, please provide a cover letter with information regarding your interest in this location and ability to reasonably commute to a position based in this area. 

The Credit Analyst contributes to the achievement of the Commercial Loan Department’s goals as it relates to revenue and portfolio growth, asset quality and compliance.

Specifically, the Credit Analyst will work closely with the commercial lenders to manage the credit risk and quality of the commercial loan portfolio.  Primary responsibility is to provide credit analysis of new and existing loans by researching and gathering information in order to prepare a loan approval memorandum, conducting financial analysis of business entities and individuals, and assigning and verifying the appropriate risk rating for new and existing borrowers.  All duties and responsibilities will be performed while adhering to Seamen’s Bank policies and procedures, and all applicable laws and regulations. Note: Training provided for right candidate.

Essential Duties and Responsibilities include the following:

• Conduct in-depth analysis of company financial statements and tax returns to determine credit strengths and weaknesses of existing and potential borrowers.  The analysis includes, but is not limited to, business and global cash flow analysis, trend analysis, collateral valuation, guarantor analysis, and interest rate sensitivity analysis.
• Review, analyze and interpret credit reports, personal financial statements, and tax returns.  Spread financial information utilizing financial statement spreading software.
• Prepare credit memorandum for new loan requests, renewals, reviews, modifications, and extensions.
• Accurately identify loan policy exceptions and mitigating factors.
• Confer with the Senior Vice President of Commercial Lending to ensure relationships are appropriately risk rated.
• Work with loan officers and other staff to follow-up on missing financial information and other documents necessary for the credit analysis process.

• Maintain a tracking mechanism for the receipt of financial information and other loan covenant requirements from borrowers and for the completion of annual reviews.
• Coordinate with loan officers to annually request current financial information from borrowers with lines of credit and/or with larger borrowing relationships, including preparing request letters for the loan officers.
• Provide assistance in the general administration of the commercial loan portfolio.
• Assist with the development of in-house real estate evaluations.
• Understand and maintain a thorough knowledge of the bank’s credit policies and compliance requirements.

• Maintain knowledge of State Laws and lending regulations as they pertain to commercial loans.
• Provide other support as needed.

AAP/EEO STATEMENT: Seamen’s Bank is committed to a firm policy in favor of equal employment opportunity and will abide by all applicable state and federal regulations by not discriminating against any applicant or employee on the basis of race, religion, color, creed, sex, age, national origin, citizenship status, marital status, sexual orientation, gender identity and expression, disability or veteran status.

Our commitment to equal employment opportunities shall include employment, upgrading, promotion, demotion, transfer, leaves or other absences from work, layoff, compensation and benefits, selection for training or other education, professional opportunities and conflict resolution.

It is also the policy of Seamen’s Bank to take affirmative action to employ and to advance in employment, all persons regardless of their status as woman, minority or individuals with disabilities or protected veterans, and to base all employment decisions only on valid job requirements. Please inform us of any necessary accommodations required during the application process and/or at any time during employment.