Commercial Credit Analyst jobs in Chicopee, MA

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)

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Credit Analyst
  • New Valley Bank & Trust
  • Springfield, MA FULL_TIME
  • JOB SUMMARY

    New Valley is seeking a talented, ambitious professional willing and able to contribute to the success of our new bank. Under the direction of the AVP Credit Officer, the Credit Analyst will work collaboratively to support the loan origination and ongoing monitoring initiatives of the Lending Department.


    This is an entry-level client relationship management position. Qualified candidates will have seasoned credit underwriting background with a proven ability to evaluate and determine the credit risks of commercial clients and appropriate structure of loan requests through detailed financial statement analysis, industry assessment, collateral valuation, cash flow analysis and the ability to repay annual debt service.


    ESSENTIAL KEY FUNCTIONS

    • Analytical skills Problem-solving skills Judgement skills Ability to prioritize work in a fast-paced high-volume environment while maintaining accuracy and turn-around times. Ability to stay focused
    • Works with Loan Officer on New Loan requests including but not limited to an initial financial analysis and obtaining a complete financial package to prepare, summarize, presents facts, and offers opinions concerning credit worthiness of commercial customers; reviews and analyzes criteria to assign an overall risk to credit. Develops credit analyses for use by lending officers or committees in the making of lending decisions on new credit approvals and renewals
    • Essential Functions Coordinate with Loan Officers to assist in collection of financial information from portfolio customers.
    • Analyzes and reviews data on new loans as well as portfolio loans, reviews for signs of credit issues
    • Monitors annual review/renewal process including file comments and loan presentations for assigned credit requests.
    • Maintains and tracks, and reports on Banks policy exceptions.
    • Assists in timely complete of Annual Reviews throughout the portfolio, including working with Loan Servicing to update existing NOIs, and DSCR upon review.
    • Communicates with customers to request and track the receipt of required financial information to be completed in tandem with Lenders, Portfolio Managers and Credit Analysts balanced with prioritizing new money transactions.
    • Submits appraisal order requests and bids. Submits Flood Determination requests and follows through with proper procedures when property is located in a flood zone.
    • Orders environmental reports and submits to Loan Officer for review. Completes compliance review including but not limited to, CRA, Government Monitoring, and Joint Credit.
    • Assist in taking Directors Loan Committee meeting minutes.
    • 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. Position Qualifications Assumes additional responsibilities as requested.
    • Monitors and tracks for financial statements received from existing borrowers, and scans or saves electronically to files with appropriate naming conventions.
    • Adheres to applicable compliance/operational risk controls in accordance with regulatory standards and policies
    • Maintains New Valley control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
    • Completes other related duties as assigned including customer onboarding and systems related maintenance. Additional tasks include reporting to the Federal Reserve via the Main Street Lending platform program.


    EQUAL EMPLOYMENT OPPORTUNITY EMPLOYER

    New Valley Bank and Trust is committed to diversity and inclusion. We recruit and employ the best qualified individuals without regard to race, religion, color, sex (including pregnancy, gender identity, and sexual orientation), parental status, national origin, age, disability, family medical history or genetic information, political affiliation, military service, or other non-merit-based factors. Equal employment opportunity applies to all personnel actions.


    QUALIFICATIONS


    Education

    • Minimum of 3 years' experience in commercial credit or public accounting, preferred
    • Bachelor's degree in Accounting, Finance, Business, or related field preferred

    Skills and Experience

    • Strong knowledge commercial loan documentation; working knowledge of banking laws and regulations, relating to the documentation and servicing of loans
    • Excellent organizational, verbal, and written communication, and computer skills, including proficiency in Microsoft Word and Excel
    • Excellent customer service skills with a high degree of professionalism and positive demeanor
    • Strong organizational skills with the ability to prioritize a multitude of assignments
    • Excellent oral and written communication skills

    Physical Requirements

    • Ability to stand or sit for extended periods
    • Ability to communicate clearly and concisely

    Other Duties

    Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of this position. Duties, responsibilities, and activities may change at any time without notice.

  • 18 Days Ago

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Application Analyst R29569
  • IT Analyst, Applications - Baystate Health
  • Springfield, MA FULL_TIME
  • Req#: R29569 Category(s): Information Technology/Health Information Management, IT Analyst, Applications Full Time / Part Time: Full-Time Shift: First Summary: Incumbent prepares workflow charts and d...
  • Just Posted

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Credit Analyst II (EMEA) - ELS
  • Blackhawk Network
  • San Salvador, MA FULL_TIME
  • Overview The Credit Analyst II will be responsible will be to reconcile receivables for their assigned Partner accounts. The portfolio will consist of medium to high complexity in reconciliation and v...
  • 21 Days Ago

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Application Analyst – COMMUTABLE REMOTE R29777
  • IT Analyst, Applications - Baystate Health
  • Springfield, MA FULL_TIME
  • Req#: R29777 Category(s): Information Technology/Health Information Management, IT Analyst, Applications Full Time / Part Time: Full-Time Shift: First Summary: Remote work option available for local a...
  • Just Posted

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Customer Support Analyst I - West
  • FARM CREDIT FINANCIAL PARTNERS INC
  • Springfield, MA FULL_TIME
  • JOB SUMMARY: This position, under direct supervision, serves as tier 1 level support for various FPI systems and provides basic troubleshooting assistance for all FPI systems. The candidate will work ...
  • 2 Days Ago

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Commercial Refrigeration Service Technician
  • A-Tech Commercial Parts and Service
  • Amherst, MA FULL_TIME
  • Commercial Refrigeration Service Technician Overview A-Tech Commercial Parts & Service is hiring a Commercial Refrigeration Service Technician in Windsor, CT responsible for troubleshooting, diagnosin...
  • 2 Days Ago

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0 Commercial Credit Analyst jobs found in Chicopee, MA area

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Head of Project Management Office
  • Connecticut Innovations
  • Hartford, CT
  • Come join one of our portfolio companies - Covr!! Role includes equity! https://covrtech.com Looking for someone to be o...
  • 3/28/2024 12:00:00 AM

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Assistant Director for Student Leadership
  • UMass Amherst
  • Amherst, MA
  • About UMass Amherst UMass Amherst, the Commonwealth's flagship campus, is a nationally ranked public research university...
  • 3/27/2024 12:00:00 AM

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Assistant Property Manager- KP
  • The Schochet Companies
  • Orange, MA
  • Job Description Job Description Schochet is currently seeking an Assistant Property Manager. King Pine Apartments in a 2...
  • 3/27/2024 12:00:00 AM

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Credit Analyst
  • Gartner, Inc.
  • Springfield, MA
  • JOB SUMMARY New Valley is seeking a talented, ambitious professional willing and able to contribute to the success of ou...
  • 3/26/2024 12:00:00 AM

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Criminal Investigator (Special Agent) - Direct Hire 'AMENDED'
  • Department Of The Treasury
  • Springfield, MA
  • Duties WHAT IS THE CRIMINAL INVESTIGATION (CI) DIVISION? A description of the business units can be found at: https://ww...
  • 3/25/2024 12:00:00 AM

Chicopee is located at 42°10′13″N 72°35′19″W / 42.17028°N 72.58861°W / 42.17028; -72.58861 (42.170159, -72.588630). The city is made up of several neighborhoods; the result of the city's origin as a collection of four villages in the northernmost part of Springfield, which seceded from it in 1848. Chicopee Falls, Chicopee Center (Cabotville), Fairview, and Willimansett continued to develop. In the early 1900s, Aldenville developed as a distinct community. Since then, the city has filled in most of its open space resulting in a number of new neighborhoods. These neighborhoods include Chicom...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Credit Analyst jobs
$54,980 to $71,980
Chicopee, Massachusetts area prices
were up 1.6% from a year ago

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