Commercial Credit Analyst jobs in Pawtucket, RI

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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Senior Credit Analyst
  • Navigant Credit Union
  • Smithfield, RI FULL_TIME
  • ABOUT:

    People helping people. That's what a credit union, and in particular Navigant Credit Union, is all about. Our mission is to improve the financial well-being of the families, businesses, and communities we serve, and have been since our founding in 1915.

    Now at more than $3 billion in assets, Navigant Credit Union is among the largest credit unions in Rhode Island, yet still maintain our community-driven values.

    Those values-and our belief in putting people first-are just a few of the reasons why Navigant Credit Union has been named "Rhode Island's Best Place to Work" year-after-year by the Providence Business News.

    Our Core Values consist of "Leadership, Unity, Caring, and Integrity" are the guiding principles for our organization. They are the qualities and/or traits that we consider a high priority for Navigant Credit Union employees.

    Our company prides itself on demonstrating community-based values and investing in our workforce, while exceeding member expectations. We offer tremendous opportunities for professional development, career advancement, and a best-in-class benefits package including a rich medical and dental plan, vision benefits, a robust 401(k) with a generous employer match, tuition reimbursement, competitive salaries, paid volunteer days, and opportunities to give back to the community.

    If you believe you'd be a great fit, and are interested in joining our team, check out our open positions and apply today!


    ABOUT THE ROLE:

    Under general supervision, but following established policies and procedures, is responsible to prepare, analyze and assess credit quality of new and existing commercial loans. Provides operational and administrative support to the Commercial Loan Officers in the originating and underwriting of commercial loans. Maintains appropriate databases for accurate reporting and follow-ups. Tracks annual reviews and ensures appropriate documents are updated. Responds to questions and/or provides information upon request from members/customers (internal & external). Assists members and potential members in understanding & utilizing Credit Union products & services.

    WHAT YOU WILL DO: (in descending order of importance)

    1. Develops credit information for use by Commercial/Business Banking Officers needed in making commercial lending decisions on new loan, as well as the renewal and extension of existing loans. Reviews all pertinent credit and financial information, including reporting services, credit bureaus, terror watch lists, savings and loan associations or banks, and bank files. Determines the need for more thorough investigation or additional information, and contacts appropriate sources for such information. Prepares spreadsheet and financial information. Analyzes financial statements and related material. Researches company history and industry data. Prepares summary analysis, presents facts, and offers opinions concerning credit worthiness to Commercial/Business Banking Officers.
    2. Tracks and follows up on loan proposals and gathers all information relevant for the consideration of a new, or increased, relationship with a prospect or member, including but not limited to analyzing financial statements, tax returns, business plans, etc. Assists commercial loan officers with completing loan packages and following up on outstanding items/ conditions. Prepares member business loan request forms, term sheets and commitment letters as required. Oversees document request letters for financial statements, insurance binders, etc.
    3. Utilizes tact and experienced-based knowledge to resolve customer/member (internal and external) problems, explaining specific policies and products while representing the Credit Union in a professional manner and maintaining positive customer relations.
    4. Performs other credit analysis, commercial loan support, member/customer relations and administrative related duties as assigned by VP/Sr. Commercial Credit Officer.

    QUALIFICATIONS:

    Education

    BA/BS in Business, Finance, Accounting, Marketing or related field required.

    Experience/Skills/Knowledge:

    1. Minimum 5 years previous experience in a commercial lending/loan support function. Previous commercial credit training required.
    2. Demonstrated knowledge of commercial lending policies, procedures, regulations and legislation.
    3. Excellent verbal, written, telephone and interpersonal communication skills.
    4. Must possess excellent organizational, problem-solving and analytical skills. Attention to detail a must.
    5. Ability to handle simultaneously, multiple tasks and changing priorities and produce the desired results.
    6. Must possess a strong service orientation and willingness to assist members.
    7. PC proficient, including Microsoft Office (Word, Excel, Outlook) and the Internet.
    8. Ability to function in a financial institution branch environment and utilize standard office equipment including but not limited to: fax, copier, telephone, etc. Travel required.
    9. Ability to lift a minimum 25 lbs. i.e. file boxes
  • 25 Days Ago

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Credit Analyst
  • Shoreham Bank
  • Warwick, RI FULL_TIME
  • This is not a remote position and candidates must be available to work in our corporate office located in Warwick, Rhode Island.This position is responsible for working with referral sources and borro...
  • 3 Days Ago

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Data Analyst
  • Navigant Credit Union
  • Smithfield, RI FULL_TIME
  • ABOUT: People helping people. That's what a credit union, and in particular Navigant Credit Union, is all about. Our mission is to improve the financial well-being of the families, businesses, and com...
  • Just Posted

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BSA & Fraud Analyst
  • Westerly Community Credit Union
  • Wakefield, RI OTHER
  • $1,000 Sign-on Bonus *Paid out after 90 days with a satisfactory review* ESSENTIAL FUNCTIONS AND BASIC DUTIES 1. Assumes responsibility for providing daily operational support to the Risk and Fraud Ma...
  • 1 Month Ago

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Third Party Risk Analyst
  • Navigant Credit Union
  • Smithfield, RI FULL_TIME
  • ABOUT: People helping people. That's what a credit union, and in particular Navigant Credit Union, is all about. Our mission is to improve the financial well-being of the families, businesses, and com...
  • 1 Month Ago

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Representative credit
  • Skills for Rhode Island's Future
  • Lincoln, RI FULL_TIME
  • Skills for Rhode Island’s Future is recruiting candidates for Navigant Credit Union . Please read more about Skills for Rhode Island’ COMPANY NAME : Navigant Credit Union JOB TITLE : Member Service Re...
  • 23 Days Ago

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0 Commercial Credit Analyst jobs found in Pawtucket, RI area

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Business Strategy Manager, Customer Experience - Loyalty Digital, Experiential & Partnerships
  • General Motors
  • Providence, RI
  • General Motors Business Strategy Manager, Customer Experience Loyalty Digital, Experiential & Partnerships Providence , ...
  • 3/28/2024 12:00:00 AM

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Business Strategy Manager, Customer Experience Loyalty Digital, Experiential & Partnerships
  • General Motors
  • Providence, RI
  • General Motors Business Strategy Manager, Customer Experience Loyalty Digital, Experiential & Partnerships Providence , ...
  • 3/28/2024 12:00:00 AM

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Asset Management Specialist
  • Navigant Credit Union
  • Smithfield, RI
  • ABOUT: People helping people. That's what a credit union, and in particular Navigant Credit Union, is all about. Our mis...
  • 3/27/2024 12:00:00 AM

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Property Operations Specialist
  • The Schochet Companies
  • Braintree, MA
  • Job Description Job Description Schochet is growing and we are looking for a Property Operations Specialist for our comm...
  • 3/27/2024 12:00:00 AM

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Senior Analyst- Model Validation (US REMOTE)
  • Ally
  • Providence, RI
  • **General information** **Ref #** 17030 **Remote?** Yes **Ally and Your Career** * Ally Financial only succeeds when its...
  • 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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Loan Operation Specialist
  • IMS People
  • Johnston, RI
  • Job Description Job Description Summary: Responsible for assisting with Processing, Closing, and or Servicing, all loan ...
  • 3/25/2024 12:00:00 AM

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Credit & Collections Specialist
  • Granite City Electric Supply Company
  • Quincy, MA
  • Granite City Electric Supply is the area's premiere electrical distributor serving electrical contractors as well as res...
  • 3/25/2024 12:00:00 AM

Pawtucket /pəˈtʌkɪt/ (listen) is a city in Providence County, Rhode Island, United States. The population was 71,148 at the 2010 census. It is the fourth largest city in the state. Pawtucket borders Providence, Central Falls, North Providence, Lincoln, and East Providence in Rhode Island and Seekonk and Attleboro in the state of Massachusetts. Pawtucket is located at 41°52′32″N 71°22′34″W / 41.87556°N 71.37611°W / 41.87556; -71.37611Coordinates: 41°52′32″N 71°22′34″W / 41.87556°N 71.37611°W / 41.87556; -71.37611. According to the United States Census Bureau, the city has a total area of ...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Credit Analyst jobs
$55,414 to $72,548
Pawtucket, Rhode Island area prices
were up 1.6% from a year ago

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