This is an in-person role located on the Outer Cape, MA. Those with confirmed housing within reasonable commuting distance to our beautiful oceanside office located at 221 Commercial Street in Provincetown, MA are encouraged to apply.

Summary: 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 identify and 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.

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 commercial team to ensure relationships are appropriately risk rated.
• Utilize the Commercial LOS platform for loan portfolio administration including ticklers for requesting financial information for completion of annual line of credit renewals and annual borrowing relationship reviews.
• Work with loan officers and other staff to follow-up on missing financial information and other documents necessary for the credit analysis process.
• 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.

Qualifications and/or Educational Experience: 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.

A Bachelor’s degree from a 4-year college or university, which includes at least 18 credit hours of accounting/finance courses, and with 2-4 years of bank-related experience or training; or the equivalent combination of education and credit/accounting related experience.

Required Skills:

• Exceptionally detail-oriented; strong organizational and time management skills.
• Ability to read, analyze, and interpret financial statements, tax returns, business periodicals, professional journals, technical procedures, laws and governmental regulations.
• Ability to write reports, business correspondence, and other documents as may be assigned.
• Effective verbal skills and the ability to present information and respond to questions from managers, customers, and the general public.
• Adept analytical and reasoning ability and problem-solving capabilities.
• Responsible and independent worker with strong interpersonal skills that interacts well with other employees, customers, and the general public.
• Ability to prioritize and multi-task.
• Ability to handle sensitive and confidential situations and documentation.
• Proficient computer skills, especially with Excel, and ability to navigate and utilize Commercial LOS.

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.

Annual salary range: $55,750 - $65,000

Benefits:

• 401(k)
• 401(k) 4% Match
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Profit sharing
• Tuition reimbursement
• Vision insurance
• Volunteer time off