Credit Analyst II

Job Type Full-time Description At Dedham Savings, we believe that being here for the journey means supporting our clients in a friendly and professional manner every day. While our employees are committed to helping our clients, we are committed to our employees. After all, we wouldn't have made it nearly 200 years as a local neighborhood bank without them! To support our employees, we offer a competitive benefits package with Medical, Dental, Vision, Flexible Spending, Tuition Reimbursement, Childcare, Retirement, Life Insurance, and many other benefits. PURPOSE Analyze new and existing commercial/commercial real estate credit relationships to ascertain risk. A Credit Analyst II has prior credit analysis experience and is knowledgeable about many aspects of commercial loan underwriting. The Credit Analyst II has fundamental analytical skills, two or more years of relevant experience, and CRE, CRE construction and C&I loan underwriting experience as to require limited management supervision or oversight. Credit Analysts II are responsible for working with loan officers to identify and understand existing and potential risks and trends and provide a thorough assessment of a borrower's capacity to withstand those risks through a written, in-depth discussion of the business, management, collateral, and industry factors. The analysis will be in conformance with established Bank policies, strategies, and procedures. Additionally, Credit Analyst II prepares various management reports and on occasion is available to present portions of a loan to the Executive Committee (as requested). This role will perform any functions necessary, within the scope of authority and expertise, to provide the highest level of customer service and responsiveness to the financial needs of individuals, families, businesses, and organizations served by the Bank. ESSENTIAL DUTIES AND RESPONSIBILITIES Conduct credit analysis to ensure that all Bank loans are acceptable credit risks, are in conformance with established state, and federal laws, and regulations, and comply with established Bank policy. Analyze larger and more complex existing and potential loans, including C&I loans. Prepare loan approval document by all applicable Bank policies and procedures, including a full discussion of all major transaction risks and mitigating factors, analysis of business financial results, collateral, guarantor support, global cash flow analysis, market analysis, loan covenant compliance, and assign an appropriate risk rating. Make loan structure recommendations to the account officer as appropriate to avoid deviations from loan policy and to enhance the strength of the bank's position. Analyze borrower (usually C&I customers) financial projections and tie those projections into the likelihood of the borrower performing at the projected level. Understand various levels of CPA prepared borrower financial statements. Analyze customer financial statements and tax returns and input them into 3rd party spreading software. Attend joint calls with lending officers, when appropriate. Identify cross-sell opportunities for the Bank's products and services. Perform periodic loan reviews for existing larger relationships (over $7 million). Ensure that the borrowers remain financially sound and that there are no significant changes in the financial conditions. Follow up with Loan Officer on any exceptions or missing documentation noted during analysis. Perform analysis of financial statements as received with priority given to large borrowing overdue accounts and past due reviews. At the request of Senior Management, conduct credit analysis on potential and existing third-party vendors to ensure that our business partners are and remain in good financial standing. Perform written evaluations of collateral under regulatory requirements. Independently prepare a variety of reports, including the Covenant Tracking, Policy Exceptions, LQC. Minutes, and A/R and Inventory tracking reports on some C&I loans. Attend and present loans to the Executive Committee, as requested. Adhere to the Bank's privacy and data security policies including but not limited to safeguarding of sensitive information and complying with relevant regulations to protect non-public information. Requirements QUALIFICATIONS 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. Reasonable accommodation may be made to enable individuals with disabilities to perform essential functions. Bachelor's degree (B.A.) from a four-year college or university preferred; or at least one year of related experience and/or training; or equivalent combination of education and experience. Understand basic accounting concepts, including reading financial statements, understanding the accounting cycle, the difference between cash and accrual basis of statement presentation, interplay among balance sheets, income statements and statements of cash flow, and GAAP. Knowledge of commercial and industrial lending practices and related areas. Thorough knowledge of corporate and personal financial statements. Excellent financial analytical skills with sound judgment and decision-making abilities. Ability to build strong relationships and alliances across the organization, ability to adapt to change, ability to multi-task, reliable and highly self-motivated. Aptitude in Microsoft Office Suite, especially Excel, and Word. Excellent written and verbal English communication skills. 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 accommodation may be made to enable individuals with disabilities to perform essential functions. While performing the duties of this job, the employee is regularly required to sit. The employee is occasionally required to stand, walk; use hands to finger, handle, or feel; reach with hands and arms and talk or hear. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, and the ability to adjust focus. Work Environment The work environment characteristics described here are representative of those employee encounters while performing the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform essential functions. The noise level in the work environment is usually moderate. Dedham Savings is committed to providing equal opportunity for all employees and applicants without regard to race, color, religion, gender, sexual orientation, age, marital status, national origin, physical or mental disability, veteran or disability status, gender identity, or expression, citizenship, genetic information, ancestral origin, military status, pregnancy, childbirth, and or conditions relating to pregnancy or any other related medical conditions or any other status protected by Federal, State or local laws. Dedham Savings strives to foster a culture where every voice is valued and where employees have a sense of belonging and connection with each other. We are dedicated to creating a work environment that understands, supports, and welcomes diverse perspectives and backgrounds. Together, we will create an inclusive and culturally competent and supportive environment where employees model behavior that enriches both Dedham Savings and the communities we support. EOE/F/M/Vet/Disabled Salary Description $30.00 - $34.00 per hour

Created: 2024-11-05