Commercial Credit Analyst (Lawrence or Bridgewater, MA)
Job Description
Job Description
Join Our Team as a Commercial Credit Analyst
Location: Lawrence or Bridgewater, MA | Full-Time
Are you passionate about turning financial data into strategic decisions? Want to turn your passion for helping people into a rewarding career at BrightBridge? As a Commercial Credit Analyst, you’ll be at the heart of our commercial lending operations—providing due diligence, analytical, operational and credit expertise to lending and portfolio management teammatesin conformance with established credit policies and government rules and regulations. Reporting to our Head of Commercial Lending, you’ll serve as a trusted partner to our lending and portfolio management teams. From providing full underwriting services to proactively identifying early warning signs of trouble and proposing risk mitigation strategies, your expertise will help ensure the strength and stability of our commercial loan portfolio. This role offers the opportunity to work both independently and collaboratively—completing loan approval memos, completing annual credit reviews, and keeping a close eye on borrower performance to make data-driven recommendations that support long-term success.
Why You’ll Love Working Here
- A collaborative team culture where your contributions matter
- Ongoing training and career development opportunities
- Competitive pay, benefits, and the chance to grow with a supportive organization
- The satisfaction of making a real difference in your community every day
What You'll Be Doing (Your Responsibilities)
- Analyze and underwrite the creditworthiness of new and existing commercial applicants for approval. Recommend risk ratings based on that analysis and lending policy guidelines.
- Perform in-depth financial analysis, including spreading and analyzing financial statements, tax returns, and/or projections.
- Prepare financial projections, including loan sensitivity analysis, when requested.
- Identify potential risks and recommend mitigants based on an analysis of economic and industry trends, borrower performance, collateral support, and guarantor liquidity and obligations.
- Independently draft credit memos for pending loan requests and make recommendations for the extension of credit based on the analysis of the borrower’s financial condition, cash flow, collateral, and the character of the borrower.
- Interview loan applicants as needed to develop and obtain information regarding their operating results, business needs, experience, and cash flow.
- Assist members with loan application process as needed.
- Complete annual reviews of selected portfolio holdings, identifying any issues or changes to the performance of those borrowers that potentially impacts the expected performance of those loans. Recommend risk rating upgrades or downgrades, along with an appropriate action plan, based on that analysis.
- Provide general portfolio management, tracking reporting and file maintenance including; tracking financial statements and annual reviews, covenant compliance, UCC and insurance expirations, and payment performance.
- Ensure adherence to Credit policies and procedures, and regulatory requirements.
- Generate and maintain MIS reporting, data management and tracking reports. Assist the VP, Commercial Lending Manager with monthly department reports and preparation of Board reports.
- Interface with Octant Business Services, our third-party underwriter and commercial loan servicer.
- Performs additional duties as requested.
What We’re Looking For (Your Qualifications)
- Bachelor’s Degree or equivalent experience required.
- Minimum of four years of commercial credit analysis experience at a lending institution required.
- Creative with a high level of intellectual curiosity.
- Thorough knowledge of current commercial credit and lending policies and required.
- Proficient in MS Office, Outlook, Excel and PowerPoint.
- Excellent organizational skills and the ability to handle multiple tasks with speed and accuracy. Ability to meet deadlines in a time-sensitive and fast-paced environment. Highly motivated and able to work independently without close supervision.
- Strong analytical skills, verbal and written business communication skills, member service skills, and robust interpersonal skills.