Commercial Credit Analyst collects, reviews, and analyzes data to prepare a detailed credit analysis that evaluates the terms and creditworthiness of commercial loan applications. Uses multiple sources of information, including financial statements, collateral appraisals, credit scores, and cash flow analysis, to assign risk ratings to loans and complete an analysis of the applicant's financial status. Being a Commercial Credit Analyst calculates debt-to-income (DTI) ratios to evaluate an applicant's ability to repay the loan. Prepares credit memos in a standardized format that includes key ratios, supporting information, an executive summary, and objective recommendations. Additionally, Commercial Credit Analyst presents credit reports to loan officers and loan committees. Requires a bachelor's degree. Typically reports to a supervisor or manager. The Commercial Credit Analyst work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Commercial Credit Analyst typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Come put your credit analysis skills to work!
Reports At: 203 Main Street, Thomaston CT
Role: The Senior Commercial Credit Analyst at Thomaston Savings Bank is responsible for providing competent credit analysis for complex commercial and/or agricultural lending activities, assistance in the administration of commercial and/or agricultural borrowing accounts, conduct appraisal reviews, training for business loan staff, and assistance in the completion of special projects and assignments.
Major Duties and Responsibilities:
Experience and Education Goals: Five plus years of similar or related experience, including preparatory experience. Bachelor’s degree in accounting, finance, economics, business administration, or a related field strongly preferred.
Thomaston Savings Bank is proud to be an Equal Opportunity Employer. Any applicant who needs reasonable accommodation in the application or employment process should notify the Human Resources Representative.