Commercial Credit Analyst jobs in Fitchburg, 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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Commercial Credit Officer
  • Savers Bank
  • Southbridge, MA FULL_TIME
  • Description

     

    Are you an expert in commercial credit with a passion for leading teams and driving strategic initiatives? Savers Bank is seeking a talented Commercial Credit Officer to oversee our commercial credit function and lead our dedicated credit staff. As a Commercial Credit Officer, you will play a crucial role in managing the underwriting of new and existing commercial credit, ensuring accuracy, efficiency, and compliance with regulatory standards. The level of officership (e.g., AVP or VP) will be determined based on the candidate's experience and qualifications.  


    Key Responsibilities:

    • Leadership: Lead and mentor our credit staff, providing ongoing coaching, training, and development opportunities.
    • Portfolio Management: Monitor potential problem credits and work with relationship loan officers and collections to minimize losses.
    • Strategic Initiatives: Drive strategy and implement new products, services, and technologies to enhance efficiency and improve customer experience.
    • Underwriting: Manage the underwriting process for commercial credit, making recommendations and providing guidance to ensure sound credit decisions.
    • Credit Approval: Recommend approval, declination, or alternate options for credit prior to presentation to the Credit Committee.
    • Quality Control: Ensure the quality control assessment of customer credit files and monitor periodic credit reviews, portfolio management, and legal documentation.
    • Regulatory Compliance: Provide oversight and direction for compliance with regulations including Bank Secrecy Act, AML, OFAC, CRA, HMDA, and USA Patriot Act.
    • Risk Management: Identify and mitigate risks, proactively guiding the development of credit structures and decisions to maintain portfolio quality and protect capital.
    • Negotiation: Assist in negotiating credit agreements and terms, including deal structures such as rates and fees.
    • Market Research: Conduct ad-hoc portfolio analyses and market research to support strategic initiatives and growth objectives.

    Additional Responsibilities:

    • Act as a liaison for other internal departments.
    • Oversee third-party relationships with Banc Alliance and other purchased loans and business partners.
    • Liaise with credit teams associated with participation loans.
    • Lead commercial projects and manage various contracts and vendor relationships.
    • Chair and voting member of Credit and Security Committees.
    • Effectively multitask with competing deadlines and responsibilities.
    • Contribute to business development efforts.
    • Perform additional duties as assigned.

    Why Join Savers Bank:

    At Savers Bank, we are committed to fostering a supportive and inclusive work environment where employees can thrive both personally and professionally. Joining our team means being part of a community-driven organization that values integrity, teamwork, and continuous learning.

    If you are a dynamic leader with a strong background in commercial credit and a passion for driving strategic initiatives, we invite you to apply for the Commercial Credit Officer position at Savers Bank. Take the next step in your career and join us in shaping the future of banking. 


    Equal Opportunity Employer/Veterans/Disabled

    Requirements

    • Bachelor’s degree in business, finance, accounting, economics, or equivalent work experience
    • Minimum of 7-10 years’ experience in commercial credit underwriting, due diligence processes from origination to close as well as well versed in customer negotiations
    • Strong written, verbal, analytical skills and technologically savvy (including advanced Excel and report writing capabilities)
    • Experience with training, mentoring, and leading a team
    • Thorough knowledge of credit-related laws and experience with leading regulatory examinations as well as audit. 
  • 20 Days Ago

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VP, Commercial Credit Manager
  • Savers Bank
  • Southbridge, MA FULL_TIME
  • DescriptionAre you an expert in commercial credit with a passion for leading teams and driving strategic initiatives?Savers Bank is seeking a talented Commercial Credit Manager to oversee our commerci...
  • 4 Days Ago

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Credit Analyst - Hybrid
  • Clinton Savings Bank
  • Clinton, MA FULL_TIME
  • The Credit Analyst prepares analytical documents used to determine the credit worthiness of new, renewal and existing commercial loan customers via the analysis of financial statements, credit bureau ...
  • 1 Day Ago

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Insurance Credit Analyst - Hybrid in Worcester, MA
  • UnitedHealth Group
  • Worcester, MA FULL_TIME
  • Opportunities with Reliant Medical Group, part of the Optum family of businesses. Join a community-based, multi-specialty, physician-led organization where you will work with talented peers on a commo...
  • 14 Days Ago

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Pharmaceutical Sales Representative (PSR)
  • Syneos Health Commercial Solutions
  • Worcester, MA FULL_TIME
  • Description Join Syneos Health as a Pharmaceutical Sales Representative (PSR) and become a part of a fast-paced and challenging environment where our compassion and dedication drive us to meet the uni...
  • 23 Days Ago

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Credit and Collections Representative
  • W.B. Mason Company, Inc
  • Worcester, MA FULL_TIME
  • Overview An interesting and challenging opportunity awaits you. W.B. Mason is a company rich with history and for over 100 years has been driven to satisfy the customer. We are the largest independent...
  • 3 Days Ago

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0 Commercial Credit Analyst jobs found in Fitchburg, MA area

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Associate Director, University Leasing and Space Planning
  • Harvard University
  • Cambridge, MA
  • Basic Qualifications Bachelor's degree plus related work experience including 8 years of increasingly responsible positi...
  • 3/28/2024 12:00:00 AM

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FedEx - North Reading, MA Road Driver
  • CDL Training Today
  • North Reading, MA
  • **Now Hiring CDL-A Road Drivers in North Reading, MA!** **Home Daily - Competitive Pay - Excellent Benefits!** **** FedE...
  • 3/28/2024 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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Contracts Administrator, Remote
  • Tetra Tech, Inc.
  • Marlborough, MA
  • Discover your full potential. At Tetra Tech, we are collaborating with industry-leading experts for a sustainable future...
  • 3/26/2024 12:00:00 AM

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Account Manager
  • TDF Fleet
  • Manchester, NH
  • The Driving Force Inc.’s (TDFI) US division TDF Fleet is currently hiring an Account Manager. The Account Manager is res...
  • 3/26/2024 12:00:00 AM

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Sr. Credit Analyst
  • Bay State Savings Bank
  • Worcester, MA
  • STATEMENT OF RESPONSIBILITY: Under the general supervision of the Senior Vice President, Credit Administration Officer, ...
  • 3/25/2024 12:00:00 AM

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Structural Engineer 5- Transmission Line- US Hybrid
  • Black & Veatch
  • Burlington, MA
  • **Structural Engineer 5- Transmission Line- US Hybrid** Date: Mar 22, 2024 Location: US Company: Black & Veatch Family o...
  • 3/25/2024 12:00:00 AM

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Pro Services Specialist
  • Floor & Decor Holdings, Inc.
  • Waltham, MA
  • Base Pay This role has a minimum base pay from $16.00 per hour with higher starting pay available based on experience. P...
  • 3/25/2024 12:00:00 AM

Fitchburg is the third largest city in Worcester County, Massachusetts, United States. The population was 40,318 at the 2010 census. Fitchburg is home to Fitchburg State University as well as 17 public and private elementary and high schools. Fitchburg is located at 42°34′43″N 71°48′12″W / 42.57861°N 71.80333°W / 42.57861; -71.80333 (42.578689, −71.803383). According to the United States Census Bureau, the city has a total area of 28.1 square miles (73 km2), of which 27.8 square miles (72 km2) is land and 0.3 square miles (0.78 km2), or 1.07%, is water. The city is drained by the Nashua Riv...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Credit Analyst jobs
$56,106 to $73,454
Fitchburg, Massachusetts area prices
were up 1.6% from a year ago

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