What are the responsibilities and job description for the Credit Analyst - Commercial Lending position at Seamen's Bank?
$1,000 Hiring Bonus!
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.
Join Our Exceptional Team at Seamen's Bank
Seamen's Bank offers a unique blend of personalized service and comprehensive financial solutions, making us a standout employer in the banking industry. Consistently recognized as one of the "Best Banks to Work For" nationwide, we invite you to discover what makes our team extraordinary and why our employees choose to grow their careers with us.
Why Seamen's Bank?
Personalized Service with a Broad Reach: As a part of our team, you’ll deliver tailored financial services while benefiting from the expansive resources of a leading institution.
Dynamic Career Opportunities: Whether you are seeking a full-time or part-time position, we provide an environment that supports your career aspirations and professional growth. From Teller to Branch Management, our roles span across all levels of retail banking.
Competitive Benefits Package
Joining Seamen's Bank means accessing an array of benefits designed to support your personal and professional well-being:
Credit Analyst Role Overview
The Credit Analyst plays a key role in achieving the goals of Seamen’s Bank's Commercial Loan Department, focusing on revenue and portfolio growth, asset quality, and compliance.
Key Responsibilities
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.
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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.
Join Our Exceptional Team at Seamen's Bank
Seamen's Bank offers a unique blend of personalized service and comprehensive financial solutions, making us a standout employer in the banking industry. Consistently recognized as one of the "Best Banks to Work For" nationwide, we invite you to discover what makes our team extraordinary and why our employees choose to grow their careers with us.
Why Seamen's Bank?
Personalized Service with a Broad Reach: As a part of our team, you’ll deliver tailored financial services while benefiting from the expansive resources of a leading institution.
Dynamic Career Opportunities: Whether you are seeking a full-time or part-time position, we provide an environment that supports your career aspirations and professional growth. From Teller to Branch Management, our roles span across all levels of retail banking.
Competitive Benefits Package
Joining Seamen's Bank means accessing an array of benefits designed to support your personal and professional well-being:
- 3 Weeks of Vacation in Your First Year: Begin your journey with us while enjoying ample time for rest and rejuvenation
- Subsidized Child Care at 65%: We support your family’s needs with significant childcare savings
- Comprehensive Medical Coverage: Access medical insurance with 75% of the premiums covered by us, starting on your first day
- Free Dental Insurance and More: Enjoy dental coverage at no cost from day one, along with free life and long-term disability insurance
- 401(k) Savings Plan: Secure your financial future with our generous employer match
- 11 Paid Holidays: Celebrate and recharge with paid time off during holidays
- Professional Development: Engage in continuous learning and seize opportunities for career advancement
Credit Analyst Role Overview
The Credit Analyst plays a key role in achieving the goals of Seamen’s Bank's Commercial Loan Department, focusing on revenue and portfolio growth, asset quality, and compliance.
Key Responsibilities
- Credit Analysis: Collaborate with commercial lenders to assess and manage credit risk in the loan portfolio by analyzing financial statements, tax returns, and credit reports.
- Loan Documentation: Prepare comprehensive credit memoranda for new loans, renewals, modifications, and extensions, and identify any loan policy exceptions along with mitigating factors
- Risk Management: Ensure accurate risk ratings for borrowers by consulting with the Senior Vice President of Commercial Lending
- Data Collection: Work with loan officers to gather necessary financial information, maintain tracking systems for financial data and loan covenants, and request updates from borrowers
- Portfolio Support: Assist in the administration of the commercial loan portfolio and contribute to in-house real estate evaluations
- Compliance Knowledge: Stay informed about bank credit policies, state laws, and lending regulations relevant to commercial loans
- Education: Bachelor’s degree in a relevant field with a minimum of 18 credit hours in accounting or finance
- Experience: 2-4 years in banking or related credit/accounting roles, or an equivalent combination of education and experience
- Analytical Proficiency: Strong ability to read and interpret financial data, professional journals, and legal regulations
- Communication: Excellent written and verbal skills for reports and customer interactions
- Problem Solving: Effective analytical and reasoning skills
- Organizational Abilities: Detail-oriented with strong time management skills
- Interpersonal Skills: Capable of working independently and collaboratively, maintaining confidentiality, and handling sensitive information
- Technical Skills: Proficiency with computer systems and Commercial Loan Origination Software (LOS)
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.
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