Credit Analyst - Commercial Lending

$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

• 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.

If you're ready to be a part of a team that values your expertise and ambitions, explore the possibilities at Seamen's Bank. Here, your career growth is our priority. We look forward to welcoming dedicated professionals who are passionate about making a difference in our community.

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

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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

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Prepare comprehensive credit memoranda for new loans, renewals, modifications, and extensions, and identify any loan policy exceptions along with mitigating factors.

• Risk Management

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Ensure accurate risk ratings for borrowers by consulting with the Senior Vice President of Commercial Lending.

• Data Collection

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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

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Assist in the administration of the commercial loan portfolio and contribute to in-house real estate evaluations.

• Compliance Knowledge

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Stay informed about bank credit policies, state laws, and lending regulations relevant to commercial loans.

Qualifications

• Education

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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.

Required Skills

• Analytical Proficiency

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Strong ability to read and interpret financial data, professional journals, and legal regulations.

• Communication

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Excellent written and verbal skills for reports and customer interactions.

• Problem Solving

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Effective analytical and reasoning skills.

• Organizational Abilities

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Detail-oriented with strong time management skills.

• Interpersonal Skills

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Capable of working independently and collaboratively, maintaining confidentiality, and handling sensitive information.

• Technical Skills

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Proficiency with computer systems and Commercial Loan…