Senior Credit Analyst

Overview

The Senior Commercial Credit Analyst’s primary responsibility is to analyze and interpret financial statements and related information of commercial loan customers and prospects for the purpose of preparing credit approval memorandums. During the underwriting process, the Senior Analyst will determine creditworthiness by evaluating risks and report salient facts in collaboration with the Loan Officer to establish credit granting criteria. This will culminate in the preparation of a credit approval memorandum that outlines the request for the extension of credit which is then forwarded to the necessary approval authorities. The position will be remote, with in-person attendance, as required.

Responsibilities

• Performs any functions necessary, within scope of authority and expertise, to provide the highest level of service and responsiveness to customers.
• A solid understanding of commercial lending and credit underwriting principles to help ensure the highest loan quality to the Bank.
• A thorough, in-depth analysis of all aspects of commercial credit loan requests, including new loans, material loan modifications, credit change requests, renewals and annual relationship reviews.
• Spread, analyze and interpret financial statement information belonging to existing and prospective clients.
• Prepare financial analysis on businesses and guarantors to include cash flow; balance sheet, sensitivity, property and market analyses and ratio analysis, such as working capital adequacy, leverage positions, collateral coverage using WORD, Excel and nCino.
• Complete due diligence to include review of credit bureau reports; industry data; appraisal reports and environmental research reports.
• Form conclusions and communicate to management.
• Accurately identify loan policy exceptions as well as red flags during the underwriting process.
• Assign risk ratings as appropriate.
• Prepare credit approval memorandum in nCino for approval by appropriate authorities.
• Takes responsibility for ensuring collaborative and effective team work to deliver results.
• Provide guidance and direction to junior underwriters and analysts.
• Communicates with others in a consistent and effective manner in order to build business and customer relations that support the organization’s mission and vision.
• Performs other duties, as assigned.

Physical Requirements

Any physical demands or work conditions described below 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 the essential functions.  Employees need to have the ability to:

• Travel independently to the position’s primary work location, other bank properties and work-related activities or events at locations outside the Bank.
• Effectively communicate and exchange accurate information and ideas so others will understand.
• Independently 0perate a computer and other office machinery, such as a calculator, copy machine, printer and software programs related to the position needed to complete the primary functions.
• Sit or stand at a workspace and use a computer or other equipment for prolonged periods of time.
• Meet the hybrid work schedule requirements for physically working in the office during normal business hours on Mondays and Wednesdays and another day of choice to effectively meet business needs.
• Move office items weighing up to 35 pounds.
• Work in an environment with low to moderate noise levels.

SUPERVISORY SCOPE:

No supervisory responsibility

INDEPENDENT ACTION:

A self-starter who performs work within established guidelines and according to specific procedures and time frames.   Refers concerns or problems to immediate supervisor.

Qualifications

• Either college degree, formal credit training or a minimum of five years of bank commercial loan analysis experience with both CRE and C & I loans.
• Strong analytical and interpretive skills.
• Good communication, organizational and interpersonal skills.
• Strong written communication skills to properly complete credit approval memorandums.
• Detailed knowledge of banking laws, rules and regulations required.
• Must be a detailed oriented person, able to multitask with an emphasis on deadlines.

BANKNEWPORT CORE VALUES:

• We celebrate individuality
• We empower employees to be creative problem solvers
• We invest and take the time to really get to know our customers
• We commit to serving the financial needs of Rhode Islanders

Any physical demands or work conditions described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

BankNewport is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of race, color, religion, creed, national origin or ancestry, sex, age, physical or mental disability, veteran or military status, genetic information, sexual orientation, gender identity or expression, pregnancy, childbirth or related medical conditions, military service, marital status, or any other legally recognized protected basis under federal, state or local laws, regulations or ordinances.