1 Business Banking Credit Analyst/Underwriter - Boston, MA Job in Medford, MA
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Business Banking Credit Analyst/Underwriter - Boston, MA
$92k-124k (estimate)
Full Time | Banking
1 Week Ago
Brookline Bank is Hiring a Business Banking Credit Analyst/Underwriter - Boston, MA Near Medford, MA
About Brookline BancorpBrookline Bancorp, Inc. is a multi-bank holding company for Brookline Bank and Bank Rhode Island and their subsidiaries. Headquartered in Boston, MA, the Company has $11 billion in assets and branches throughout Massachusetts and Rhode Island. As a commercially-focused financial institution, the Company, through its banks, offers a wide range of commercial, business and retail banking services, including a full complement of cash management products, on-line banking services, consumer and residential loans and investment services designed to meet the financial needs of small-to mid-sized businesses and retail customers. The Company also provides equipment financing through its Eastern Funding and Macrolease Corporation subsidiaries.
NOTE*** This role will be moving to the Boston Back Bay headquarters July 2024What is Brookline Bancorp’s most valuable asset? Our employees! That's why we offer competitive pay and excellent benefits which includes a matching 401k. We pride ourselves on hiring candidates that embrace our Core Four values: adaptability, accountability, leadership, and teamwork. Brookline Bancorp provides a great working environment that offers opportunities for advancement.
Principal Duties And Responsibilities
The above statements are intended to describe the general nature and level of work being performed by people assigned to this position. They are not intended to be an exhaustive list of all responsibilities, duties and skills required of personnel so classified. This job description is subject to change at any time. 40
NOTE*** This role will be moving to the Boston Back Bay headquarters July 2024What is Brookline Bancorp’s most valuable asset? Our employees! That's why we offer competitive pay and excellent benefits which includes a matching 401k. We pride ourselves on hiring candidates that embrace our Core Four values: adaptability, accountability, leadership, and teamwork. Brookline Bancorp provides a great working environment that offers opportunities for advancement.
Principal Duties And Responsibilities
- Analyze and underwrite C&I and CRE credit requests with attention to the 5 C's of Credit: Character (FICO), Capacity, Capital, Collateral, & Condition of their asset, whether all business assets (ABA), real estate or otherwise.
- Underwrite new loans and loan renewals in compliance with the Bank’s loan policies.
- Spread tax returns and/or financial statements using Moody’s or Baker Hill Financial Analyst
- Have strong knowledge of business and personal tax returns
- Be proficient with Financial Analyst Software
- Assist with credit scored loan requests
- Must meet or exceed department productivity standards for decision turnaround time
- Perform company and industry research.
- Present analysis in written proposals for approval.
- Assist in compliance with regulatory issues such as Reg B, Fair Housing, CRA, Flood, etc.
- Manage a portfolio of existing customers
- Produce portfolio status reports and use to facilitate portfolio management activities.
- Timely management of existing portfolio of customers by tracking and preparing annual renewals
- Identify potential problem loans, delinquent accounts and other loan deficiencies.
- Communicate and interface daily with Business Development Officers, Branches and internal and external customers assisting them with questions regarding loans and retail products.
- Loan Processing & Closing: Complete traditional small business loan processing functions including data entry, processing of credit approved applications, ordering appraisal reports, environmental reports, obtain loan payoffs, including collecting, reviewing other essential loan documentation, and prepare loan closing documents for both traditional financing and SBA financing.
- Bachelor’s degree in relevant field
- Minimum of (2) two years of commercial credit experience in a banking environment
- Formal credit training is preferred
- Excellent written and oral communication skills
- Extensive knowledge of PC applications, including Excel, Word and Access
- Be familiar with and fulfill compliance requirements
- Proven record of strong analytical and problem solving skills.
- Results-oriented team player that is skilled at achieving goals on time
The above statements are intended to describe the general nature and level of work being performed by people assigned to this position. They are not intended to be an exhaustive list of all responsibilities, duties and skills required of personnel so classified. This job description is subject to change at any time. 40
Job Summary
JOB TYPE
Full Time
INDUSTRY
Banking
SALARY
$92k-124k (estimate)
POST DATE
06/21/2024
EXPIRATION DATE
07/10/2024
WEBSITE
brooklinebank.com
HEADQUARTERS
BURLINGTON, MA
SIZE
200 - 500
FOUNDED
1871
CEO
DEBRA AVERY
REVENUE
$10M - $50M
INDUSTRY
Banking
Related Companies
About Brookline Bank
Brookline Bank is a full-service financial institution with more than 30 locations in Greater Boston and the North Shore. Whether online, mobile, or in person, Brookline Bank helps you manage your banking with a mix of tech, human touch, and solutions tailored to your life. We offer checking, savings and retirement services, home equity lending, residential mortgages, small business and commercial banking, CRE banking, cash management, foreign exchange, and merchant services, and access to investment services. For more information, call 877-668-2265, stop by one of our offices, or visit us onl...ine at brooklinebank.com. Member FDIC Equal Housing Lender NMLS ID #715671
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