Commercial Credit Analyst jobs in Somerville, 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)
Recently Added Commercial Credit Analyst jobs
Credit Analyst
- Robert Half
-
Maryland, MO
PER_DIEM
- Job Summary:Robert Half Finance & Accounting Contract Talent is collaborating with an organization to find a Credit and Accounts Receivable Analyst. This role is crucial for managing credit processes, analyzing creditworthiness, and ensuring effective accounts receivable operations. The ideal candidate must have experience with D& B, demonstrate the ability to make informed credit decisions, and possess a strong understanding of financial reconciliation.Key Responsibilities:Utilize experience with D& B to analyze creditworthiness and make well-informed credit decisions.Post cash receipts accurately and proactively follow up on collections.Release credit holds promptly to maintain positive customer relationships.Reconcile Accounts Receivable aging to the Trial Balance for accurate financial reporting.Interpret D& B reports when reviewing credit limits and adjust as needed.Potentially prepare journal entries, including those for the allowance for bad debts, during month-end closing.Collaborate with cross-functional teams to streamline credit and AR processes.Qualifications:Proven experience with D& B and credit analysis.Strong analytical skills and the ability to make credit decisions effectively.Proficient in reconciling AR aging to the Trial Balance.Familiarity with interpreting D& B reports for reviewing credit limits.Experience in posting cash receipts, collections follow-up, and releasing credit holds.Knowledge of preparing journal entries, particularly for the allowance for bad debts.To apply for this role or learn more about it, please contact us directly at (314) 262-4344. Your expertise in credit analysis and accounts receivable will contribute significantly to the financial health of the organization.
- 20 Days Ago
Commercial Credit Underwriter - Boston
- Rockland Trust Career Site
-
Boston, MA
FULL_TIME
- The Commercial Credit Underwriter (CCU) position is designed and intended to prepare individuals for the role of Portfolio Manager I or a future Credit Professional role by providing specific on-the-j...
- 30 Days Ago
Commercial Credit Underwriter - Boston
- Rockland Trust
-
Boston, MA
FULL_TIME
- The Commercial Credit Underwriter (CCU) position is designed and intended to prepare individuals for the role of Portfolio Manager I or a future Credit Professional role by providing specific on-the-j...
- 30 Days Ago
Commercial Credit Underwriter - Peabody
- Rockland Trust Career Site
-
Peabody, MA
FULL_TIME
- The Commercial Credit Underwriter (CCU) position is designed and intended to prepare individuals for the role of Portfolio Manager I or a future Credit Professional role by providing specific on-the-j...
- 30 Days Ago
Credit Support Analyst
- JPMC Candidate Experience page
-
Boston, MA
FULL_TIME
- Job responsibilities Audit all dealership inventory pursuant to bank policy, which includes physically inspecting all dealer vehicles for serial number, excessive wear, damage, location and date of s...
- 1 Month Ago
Credit Support Analyst
- JPMorgan Chase
-
Boston, MA
FULL_TIME
- Job responsibilities Audit all dealership inventory pursuant to bank policy, which includes physically inspecting all dealer vehicles for serial number, excessive wear, damage, location and date of s...
- 1 Month Ago
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0 Commercial Credit Analyst jobs found in Somerville, MA area
Collections-Account Resolution Specialist-MA
- Stillman Law Office
-
Andover, MA
- Job Description Job Description This is an hourly plus bonus position with earning potential of $50,000-$110,000 per yea...
- 4/23/2024 12:00:00 AM
Account Executive - Commercial Real Estate
- Stealth Monitoring, Inc.
-
Boston, MA
- Position Summary Focused primarily on the Commercial Real Estate vertical (multi-family, shopping centers, office), the ...
- 4/23/2024 12:00:00 AM
Market Bartender, Hourly - Boston
- Time Out Group Plc
-
Boston, MA
- Job Description Job Description Title: Bartender Location: Time Out Market, Boston Reporting to: Assistant General Manag...
- 4/23/2024 12:00:00 AM
Credit Analyst I
- Enterprise Bank
-
Lowell, MA
- We are Hiring! Credit Analyst I - Lowell, MA Enterprise Bank, is a growing and successful commercial bank where your tal...
- 4/22/2024 12:00:00 AM
Director, Competitive Intelligence, Oncology
- Pfizer
-
Cambridge, MA
- Pfizer is constantly aiming to deliver on our purpose - breakthroughs that change patients' lives. As part of the Commer...
- 4/22/2024 12:00:00 AM
Procurement Specialist
- Veolia
-
Boston, MA
- Job Details Company Description About Veolia North America A subsidiary of Veolia Group, Veolia North America (VNA) offe...
- 4/22/2024 12:00:00 AM
Sr. Credit Analyst
- Bay State Savings Bank
-
Worcester, MA
- STATEMENT OF RESPONSIBILITY: Under the general supervision of the Senior Vice President, Credit Administration Officer, ...
- 4/21/2024 12:00:00 AM
Senior Credit Analyst-Commercial Lending
- Bay State Savings Bank
-
Worcester, MA
- STATEMENT OF RESPONSIBILITY: Under the general supervision of the Senior Vice President, Credit Administration Officer, ...
- 4/19/2024 12:00:00 AM
About Somerville, Massachusetts
According to the United States Census Bureau, Somerville has a total area of 4.2 square miles (11 km2), of which 4.1 square miles (11 km2) is land and 0.1 square miles (0.26 km2) (2.61%) is water. Somerville is bordered by the cities of Cambridge, Medford, Everett, Arlington and the Boston neighborhood of Charlestown. It is located on the west bank of the Mystic River.
Millennia ago, glaciation left a series of drumlins running west to east across the landscape of what would become Somerville. These ridges would later become known as the "Seven Hills" of Somerville (like many other cities clai...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Credit Analyst jobs
$59,133 to $77,427
Somerville, Massachusetts area prices
were up 2.5% from a year ago
were up 2.5% from a year ago
What does a Commercial Credit Analyst do?
Commercial Credit Analyst in Moline, IL
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December 30, 2019
Commercial Credit Analyst in Galveston, TX
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February 21, 2020
Commercial Credit Analyst in Fargo, ND
The Commercial Credit Analyst role within Hewlett Packard Enterprise Financial Services (HPEFS) supports the rapidly growing and Channel segment.
January 02, 2020
This individual will evaluate new and existing applications and decision the account based on assigned credit authority and risk appetite guidelines.
January 01, 2020