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Commercial Credit Analyst
People's United Bank
Portland, ME, United States
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Job Description
Depending on the experience of the candidate selected, this position may be filled at the Sr. Credit Analyst level.
Career advancement opportunity!
Due to a recent internal promotion, People's United Bank has an immediate opening for a Commercial Credit Analyst to join our dynamic Commercial C&I Lending team in Portland. People's United is a regional bank with a local feel, working to help Maine businesses thrive and supporting the communities that we serve. Come join our team of fun and dedicated professionals in the heart of the Old Port.
This position provides analytical support to a Commercial region by preparing objective and comprehensive written financial analyses on commercial lending requests within specified timeframes. This position assesses the strengths and weaknesses of the credit relationship, makes risk rating recommendations, and displays an understanding of credit policies and procedures.
Principal Responsibilities:
Prepare objective written credit analyses including assigning accurate risk ratings for new loans or for the renewal of existing facilities as requested by account officers or required by policy. Analyzes financial statements, collateral, debt service, personal financial statements and personal cash flow, and summarizes risks and mitigants, as applicable and germane to the size and complexity of the transaction.
Continually develops knowledge and understanding of: proper loan structuring; legal and documentation issues; industry considerations that affect specific borrower types; credit policy and procedures and their impact on the transaction; and underwriting requirements specific to C&I loan requests.
Assists in the monitoring of a loan portfolio with the goal of early identification of potential problems and proper risk ratings.
Accompanies account officers on customer calls and participates in the identification of business opportunities.
Reviews credit bureau reports to assess the borrower/guarantor’s credit standing and independently researches and gathers industry data from multiple sources as applicable.
Tests financial covenants and prepares loan submissions.
Performs other administrative duties as assigned.
Job Requirements
College degree or equivalent experience required.
0-2 years relevant experience.
Additional Job Requirements:
Understanding of accounting principles.
Strong written and verbal communication skills to convey financial information.
Strong PC skills, including word processing, spreadsheets, presentation, internet and business specific applications.
Ability to prioritize and meet deadlines.
Ability to develop and maintain strong working relationships with internal and external contacts.
Comprehensive understanding of commercial products offered.