Credit Analyst I

W

Westfield Bank

Credit Analyst I

Chicopee, MA
Full Time
Paid
  • Responsibilities

    Position: Credit Analyst

    Department: Credit Administration

    Job Status: Full Time ****

    FLSA Status: Non-Exempt

    Grade: 9 ****

    Reports to: VP, CRE Credit Team Leader

    Amount of Travel Required: No Travel Required

    Positions Supervised: None

    POSITION SUMMARY

    Responsible for the analysis of all relevant credit and financial data used in evaluating the creditworthiness of commercial borrowers and in producing a comprehensive and objective credit analysis in order to assist management in the risk oversight of the commercial loan portfolio. Assigned borrowers are among the least complex in the portfolio with requests consisting primarily of annual reviews of commercial real estate (“CRE”) loans and line of credit renewals for relationships under $3MM. May underwrite new loans to existing borrowers. Guidance in daily work is provided by the VP/Credit Manager and other team members.

    ESSENTIAL FUNCTIONS

    • Develops an understanding of the Baker Hill financial statement spreading software and produces accurate results with some guidance from other team members. Uses resulting “spreads” to evaluate financial condition and ability to repay commercial loans.
    • Analyzes financial information such as CPA-prepared financials and corporate tax returns; develops and demonstrates an understanding of basic liquidity and leverage ratios, how to use the key financial statements, and where to find information in the footnotes.
    • Calculates basic cash flow and prepares accurate debt repayment schedules. Develops an awareness of potential adjustments that may be necessary such as those related to unfinanced capex, shareholder advances, etc. Appropriately reconciles and accounts for all debt service.
    • Prepares basic collateral analysis with appropriate advance rates, values and balances; develops an understanding of commercial real estate appraisals. Develops an understanding of the appropriate means of collateral perfection depending on collateral-type.
    • Researches the borrower’s industry and identifies related risks using resources such as RMA E-Mentor, REIS database, and any publicly available information.
    • Completes numerical analyses and prepares objective written analyses for use in lending decisions and risk management. Analyses are complete and well-written.
    • Makes risk rating recommendations in accordance with Loan Policy.
    • Tests financial covenants, where applicable.
    • Researches UCC filings.
    • Orders and evaluates credit reports.
    • Provides credit information and references to loan officers and authorized external sources.
    • May attend customer meetings with lending officer.
    • Works with Portfolio Managers and Documentation Specialist in tracking and scanning financial reporting requirements.
    • Must complete BSA, AML, and other regulatory and continuing education as assigned.
    • Must adhere to all bank and regulatory policies and procedures specific to position.
    • Assumes additional responsibilities as requested.

    POSITION QUALIFICATIONS

    Competencies

    • Analytical Skills
    • Communication
    • Decision Making/Judgment
    • Productivity
    • Quality
    • Teamwork/Cooperation

    Education/Experience/Skills ****

    • Bachelors of Science Degree in Finance, Accounting, or Business Administration or relevant work experience preferred.
    • Self-motivated and detail-oriented with the ability to prioritize work and meet deadlines.
    • Proficient in Microsoft Word and Excel.
    • Strong personal organization skills.
    • Excellent written and verbal communication skills.
    • Strong critical thinking skills.

    PHYSICAL DEMANDS

    Physical Demands

    Stand: O (Occasionally)

    Walk: O (Occasionally)

    Sit: F (Frequently)

    Handling / Fingering: F (Frequently)

    Reach Outward: O (Occasionally)

    Reach Above Shoulder: O (Occasionally)

    Climb: N (Not Applicable)

    Crawl: N (Not Applicable

    Squat or Kneel: N (Not Applicable

    Bend: N (Not Applicable)

    **** Lift/Carry

    10 lbs or less: N (Not Applicable

    11-20 lbs: N (Not Applicable

    21-50 lbs: N (Not Applicable

    51-100 lbs: N (Not Applicable)

    Over 100 lbs: N (Not Applicable)

    Push/Pull

    12 lbs or less: N (Not Applicable

    13-25 lbs: N (Not Applicable

    26-40 lbs: N (Not Applicable)

    41-100 lbs: N (Not Applicable)

    **
    **

    N (Not Applicable) Activity is not applicable to this occupation.

    O (Occasionally) Occupation requires this activity up to 33% of the time (0-2.5+ hrs/day)

    F (Frequently) Occupation requires this activity from 33%-66% of the time (2.5-5.5+ hrs/day)

    C (Constantly) Occupation requires this activity more than 66% of the time (5.5+ hrs/day)

    Other Physical Requirements

    None

    Westfield Bank has reviewed this job description to ensure that essential functions and basic duties have been included. It is not intended to be construed as an exhaustive list of all functions, responsibilities, skills and abilities. Additional functions and requirements may be assigned by supervisors as deemed appropriate.