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Jobs at Vacare Group

Firestone Financial - Commercial Loan Credit Analyst

Location: Needham, MA

Type: Full Time

Min. Experience: Entry Level

Commercial Loan Credit Analyst I

Job Description

 

 

Purpose/Objective:  

Underwrites commercial credit applications within various industries, typically the lower dollar, higher volume transactions. Analyzes businesses to make recommendations regarding credit and credit worthiness, all in accordance with internal policies and procedures.  Applies sound judgment and appropriate field/discipline concepts to analyze and structure a deal. Utilizes experience and judgment to shape and accomplish goals.

Key Accountabilities:

Underwrites and adjudicates loan applications and negotiates loan terms and conditions within lending authority, balancing the prospects’ needs with Company’s risk profile, growth, and earnings goals. Takes responsibility to deliver accurate and comprehensive fact-based applicant summary in written form. Conducts thorough, comprehensive business and organizational analysis to form a deep, broad, accurate, and up-to-date understanding of that business’s health, capacity, and capability to appropriately utilize and fully repay its loan in a timely manner, which may require phone interviews with customers and/or analyzing financial statements. Works closely with manager to ensure compliance and regulatory rules are followed.  Works collaboratively and cooperatively with other staff to complete loan transactions and manage pipeline and priorities in accordance with department service level agreements, promote internal teamwork, facilitate learning, and enable organizational effectiveness.  Effectively manages expectations and changing priorities with little direction. 60%

 

Responsible for relationship management functions of assigned pipeline including communicating with vendors to ensure timely receipt of invoices or other necessary information, communication with customer post-approval to ensure open and honest communication of the process and receipt of executed loan documents or other necessary information needed to close the transaction. 30%

 

Prepares loan documentation with review for various loan products, i.e. term loans, lines of credit, and Xpress loans. Scans necessary supporting Credit documentation into Vision Content.  10%

 

Ensures the security and confidentiality of private customer information.  Protects against unauthorized access to or use of customer information that could result in harm or inconvenience to customer.

 

Other duties as required.

 

Ensures compliance with all banking laws, rules, regulations, and prescribed policies/practices/procedures necessary to reduce risk and uphold ethical standards related to and required by one’s duties.



 

Education:

 

Bachelor’s Degree in finance, economics, accounting or business administration or equivalent work experience.

 

Experience:

 

2+ years of hands-on experience in a commercial lending capacity preferably with credit authority.

History of working efficiently and effectively while multi-tasking, meeting deadlines, following projects through to completion, and maintaining high quality.

Skills & Knowledge:

 

Proven ability to take initiative and work independently while remaining a good team player.

Proficiency in Microsoft Office programs (Word, Excel, Access)

Strong verbal/written communication skills

Ability to multitask

Strong organizational skills

Customer Service and detail-oriented

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