Business Banking Credit Analyst I

Description

River Run is a shared services organization that supports banking affiliates, Newburyport Bank, Pentucket Bank and Rollstone Bank & Trust.

This position follows a hybrid work model, with three days onsite at our Newburyport, MA office and two days working remotely from home each week.

Identifies, monitors, and assesses credit risk within the Business Banking portfolio. Performs financial spreading and analysis, credit underwriting, and evaluation of commercial borrowers. Partners with Business Banking Loan Officers to structure transactions and manage the underwriting process from initial request through credit decision. Performs special projects and other credit-related assignments as needed.

Essential Job Functions

• Analyzes financial statements and maintains accurate financial spreads while evaluating the personal and corporate creditworthiness of existing and prospective borrowers.
• Prepares comprehensive credit approval documents that clearly present the borrower’s financial profile, creditworthiness, and the structure and terms of the requested credit facility.
• Works closely with the Business Banking Credit Lead and team of analysts to support consistent, effective credit underwriting and risk management.
• Identifies and evaluates pertinent risks and identifies the impact of non-financial and external factors, ranging from general economic issues to industry and management issues, which may impact the borrower’s ability to meet obligations.
• Collects and integrates appropriate data for each credit analysis and ascertains the need to solicit additional information to execute assignments on time, satisfy applicable deadlines, and function independently.
• Adheres to all Bank credit policies and existing regulations, confirming conformity and recording exceptions in existing and prospective credit relationships.
• Offers administrative support to the Credit Administration Team and Commercial Lending Officers as requested.
• Actively stays current on all Bank products, services, procedures, policies, and applicable regulatory and compliance requirements by regularly attending team meetings, completing mandatory training on schedule, and applying knowledge to ensure accuracy and compliance in daily operations.
• Ensures adherence to federal and state laws, regulations, and bank policies by preventing violations, minimizing risks, and safeguarding the Bank’s interests.
• Verifies transactions and account balances, ensuring compliance with bank policies and state and federal regulations and the Bank Secrecy Act (BSA), as applicable to the role.

Requirements

Qualifications, Experience, and Education

• Bachelor’s degree in Finance, Accounting, Business Administration, Economics, or a related field preferred; an equivalent combination of education, relevant experience, and training may be considered.
• 0-2 years of experience in credit analysis, financial statement analysis, commercial or business banking, lending, or a related financial services role preferred. Foundational knowledge of financial statements, financial spreading, cash flow analysis, and credit risk assessment.
• Knowledge of general accounting and finance principles.
• Knowledge of general banking/lending concepts and principles/ SBA lending.
• Proficient with office software including word processing, spreadsheet, presentation, and mail applications.
• Ability to execute a basic financial analysis of a company.
• Ability to interpret market data and valuation calculations in appraisal reports.
• Ability to acquire knowledge of the Bank’s products and services, with a focus on loan and commercial products.
• Ability to satisfy deadlines and time constraints.
• Attention to detail.
• Self-motivated.
• Ability to acquire and employ knowledge of the Bank’s products and services including loan products.
• Ability to read and write for prolonged periods to absorb transactions, borrower, or industry information and describe it clearly and concisely.

River Run Services, LLC is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, ancestry, national origin, gender, sexual orientation, marital status, religion, age, disability, gender identity, results of genetic testing or service in the military.

If you are an individual with a disability and require a reasonable accommodation to complete the application process, you may contact Human Resources at hr@riverrun.com or call 978-462-3136.

The salary range represents an estimate based on market data for this position. Final compensation decisions are made based on experience, skills, and internal equity to ensure fairness and consistency across our organization.