What are the responsibilities and job description for the Credit Analyst / Credit Officer position at ESSEX SAVINGS BANK?
Credit Analyst/Credit Officer sought for a growing mutual savings bank. Under supervision of the Senior Vice President – Chief Lending Officer to perform commercial loan origination support for lenders, including credit analysis, commercial file memorandums as needed and overall portfolio management. Work with SVP/CLO, Loan Administration Manager, and Loan Review Vendor to coordinate independent loan review process. Assist with production and review of CRE report. Participate in Essex Savings Bank ALCO. Produce loan reports as needed. Look for opportunities to improve analytical and reporting efficiencies.
Responsibilities include:
· Evaluates the financial condition of individuals and businesses and provides the following support to commercial loan officers and to help manage the commercial loan portfolio. This includes, but is not limited to:
o Analyzing and summarizing new loan requests and line renewals; preparing credit related reports and loan presentations as needed for presentation to loan officers or committees.
o Ordering credit reports for the underwriting of commercial loans.
o Manage collection of borrower financial information.
o Perform Credit Analysis
o Perform periodic reviews of financial statements and prepare file memorandums.
o Interface with attorneys, accountants, and customers.
o Monitor future maturities and prepare loan committee presentations for line renewals.
o Participate in Senior Officers’ Loan Committee meetings.
o Assist with portfolio risk management utilizing various tools and reports and monitors risk ratings.
Qualifications:
The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
· Candidate must have a minimum of three to five years of related experience and/or training.
· Sound knowledge of Word, Excel, loan software, and data center software required to perform this job successfully.
· Knowledge of tax return and financial statement analysis with appropriate credit skills.
Education:
· BS/BA in Finance or related field preferred
DISCLAIMER: The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required to perform this job successfully.
We offer competitive pay, benefits and an excellent working environment.
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.
Job Type: Full-time Exempt
Pay: $90,00.00 - $110,000.00 per year
Job Type: Full-time
Pay: $90,000.00 - $110,000.00 per year
Benefits:
- 401(k)
- 401(k) 3% Match
- Dental insurance
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Vision insurance
Schedule:
- Monday to Friday
Work Location: In person
Salary : $9,000 - $110,000