Commercial Credit Analyst, Full-Time, Hybrid Marlboro MA

Schedule

What You'll Do

Summary/Objective:

The analyst's main function is the underwriting of commercial real estate ('CRE') and commercial and industrial ('C&I') loans to prospective and current borrowers, including analysis of financial statements, cash flows, and collateral .

Essential Functions:

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Perform underwriting analysis of CRE and C&I loans, considering the borrower's creditworthiness, including cash flow, financial condition, collateral position, and character. Determine the risk level for the proposed loan. Present the information clearly and accurately in the CPS (Commercial Proposal Summary).
• Prepare annual reviews for the existing commercial loan portfolio, evaluating the Borrower's compliance with loan covenants, and requesting waiver letters as needed. Assess the current risk level for the loan, and recommend adjustments as required.
• Effectively read and analyze credit bureau reports, personal tax returns, personal financial statements, and business tax returns / financial statements. Have a deep understanding of cash flow analysis.
• Spread and analyze financial statements/tax returns and related materials.
• Review appraisals for valuation, approaches to valuation of a property, and for additional insight into the characteristics of the proposed collateral. Understand potential trends in the collateral class or location that may impact the current or future performance of the property. Identify potential errors in the appraisal and notify appropriate parties.
• Investigate available sources of credit and financial information, including, but not limited to, reporting services, credit reports, appraisal data and environmental agencies, and other publicly available resources.
• Review environmental reports for potential risks, and communicate with the lender as needed.
• Review borrowing base certificates for completion and accuracy, adjusting hold amounts on lines of credit as needed.
• Ensure completeness of the credit file documentation.
• Interact with customers and accountants as needed to perform analysis.
• Keep current on industry and economic conditions.
• Understands banking rules, regulations, and compliance issues, and manages work accordingly.
• Perform other job-related duties as assigned by Manager (s).

What You'll Need

• Bachelor's degree (BA) or equivalent, with a focus on finance, accounting, or business related program.
• Experience of 2-5 years in a financial institution required.
• Previous Commercial Loan experience a plus.

What We Do

DCU is the largest credit union headquartered in New England - serving more than one million members in all 50 states. With over 1,900 team members, we strive to make DCU a great place to work with an excellent work-life balance and a community that cares.

DCU is an equal-opportunity employer, and we value diversity, inclusion, and equity at our company. We evaluate qualified applicants without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.

If you're applying for a job and need a reasonable accommodation for any part of the employment process, please send an email to career@dcu.org and let us know the nature of your request and contact information. Please note that only those inquiries concerning a request for reasonable accommodation will be responded to from this email address.

DCU is not currently offering Visa transfer/ sponsorship for this position.