Job Description
Job Description
Being a Country Bank team member has a lot of perks! Our competitive total compensation package and comprehensive benefit package include:
- Medical, dental and vision insurance, a 401(k) Plan with a generous employer contribution plus match;
- Income protection benefits;
- Educational assistance and tuition reimbursement benefits;
- Remote work and flexible scheduling options;
- Generous total paid time off, and more!
Country Bank is a growing mutual community bank with locations in Hampden, Hampshire and Worcester counties. We are Made to Make a Difference in the lives of our customers, our communities, and for our team members every day since 1850. It is our people that drive our success and create our inclusive and engaging culture. We’re excited to meet you to discuss our career opportunities and how you can make a difference as a part of our growing Credit team!
About the Job:
We're excited to announce an opportunity for the position of Junior Credit Analyst! Under the supervision of the First Vice President, Commercial Credit, this position supports, procures, spreads, and analyzes financial statements and prepares written credit analyses for commercial customers/ prospects with a focus on supporting Business Banking, and prepares annual reviews for existing chosen commercial borrowers. Prepares Credit Approval Memos (“CAM”) including Abbreviated CAMs for new prospects and existing clients’ financing requests for commercial lending related transactions involving real estate, C&I, SBA, and equipment financing. Provides support to the Appraisal Reviewer as requests for appraisals are received from Lenders by obtaining multiple appraisal bids, engaging appraisers, providing an independent review of the final appraisal, and maintains posting of completed reviews and workflow documents to OnBase.
The hiring range for this position is $55,000 to $65,000.
This position is Full Time, 40 hours weekly.
Essential Duties and Responsibilities (Other Duties May be Assigned):
- Supports the Business Banking unit of Commercial Lending by spreading financial statements upon request, discussing appropriate deal structure with the Lenders, and completing Abbreviated or full CAM as required.
- Performs annual commercial credit reviews. Gathers relevant information to support analysis and recommendations including personal credit reports, loan officer memos, and appropriate industry analysis and statistics. Appropriately assesses and spreads pertinent financial information in accordance with policy and identifies technical and documentation related issues. Assigns an appropriate risk rating to properly notate applicable delinquencies and covenant compliance.
- In concert with the Appraisal Reviewer, ensures that commercial appraisal ordering process is appropriately administered, and operating efficiently. Responsible for periodic appraisal review.
- Corresponds in a professional, collaborative manner with appraisers, commercial loan officers, and commercial loan relationship officers regarding the Bank’s appraisal ordering and review policies.
- Analyzes credit and financial data used in evaluating the creditworthiness of commercial borrowers and preparing a comprehensive, objective credit analysis that includes an appropriate collateral analysis to assist in the loan decision making process.
- Accompanies Loan Officers on business calls to existing and prospective customers, as needed, and assists the Loan Officer in developing and preparing the loan proposal including preparation of a global cash flow analysis.
- Remains abreast of industry trends impacting commercial loan portfolio and credit analysis.
- Fulfills special projects upon request.
- Responsible for building long-lasting relationships with customers, community and colleagues through the embodiment of our Core Values: Integrity, Service, Teamwork, Excellence and Prosperity.
- Other job duties, as assigned.
Knowledge and Skills
Candidates for this role should have demonstrated the ability to work independently, taking ownership of assigned tasks and follow ups with minimal oversight. Additionally, it is strongly preferred that candidates for this position have a basic understanding of financial statements and corporate/personal tax returns, experience working with financial data (ex. cash flow, reconciliations, corporate accounting, etc.), and reviewing financial documentation for accuracy, completeness, or eligibility.
Demonstrated strong numerical aptitude and analytical skills is also preferred for this role, as well as experience communicating analysis verbally and in writing. Candidates with experience in analytical writing, which could include summaries of research, financial analysis or structured reports, are strongly preferred.
This position requires intermediate knowledge of the Microsoft Office Suite, including Excel, Outlook, and Word. Strong knowledge of Global Wave Group’s Credit Track LOS application, the Finastra core platform, and OnBase is preferred.
Education and Work Experience
An Associate’s degree, or equivalent experience, in Business, Finance / Accounting, or related field is required. A Bachelor’s degree is preferred. One year of banking, finance and/or credit experience is required, including involvement in loan workflows such as preparing loan files with soft underwriting, processing loan documentation, or portfolio monitoring.
Working Conditions/Physical Requirements
This position is in an office environment, which means the physical surroundings are generally pleasant and comfortable with minimal exposure to injury or other hazards, with a moderate level of noise. Prolonged periods of sitting and looking at a computer screen with freedom of movement on a regular basis is expected. Minimal physical effort is required but could include: repetitive motion of wrists and fingers; talking and hearing; and handling of light materials and supplies. This position will require some travel between offices.
Country Bank is an Equal Opportunity Employer. Diverse applicants encouraged to apply.