We are seeking an influential Credit Review Analyst to join our multidisciplinary team at Northern Bank in Woburn, MA.
Growing your career as a Full Time Credit Review Analyst is a promising opportunity to develop necessary skills.
If you are strong in presentation, critical thinking and have the right enthusiasm for the job, then apply for the position of Credit Review Analyst at Northern Bank today!
In this role within the Credit Department, the Analyst will review commercial loan writeups (including
new loans, line of credit renewals and household reviews) to ensure accuracy and help make
recommendations for technical/structural and qualitative edits to the presentations. This role is
designed for new credit professionals to learn the following basics with the intention of advancing to a
Senior Credit Review Analyst role within the team.
ESSENTIAL FUNCTIONS
In this role, you will develop a strong understanding of the following components within the credit analysis:
Financial Statement Spreads
Spreading and balancing an income statement and balance sheet Reconciling cash Developing business cash flows, personal crash flows and global cash flow analysis Reviewing Personal Financial Statements and Tax Returns Developing an understanding of Credit Reports Northern Bank Loan Policy
Understand Approval Authorities, NBTC's Risk Rating methodology Understand Commercial C&I, CRE and Construction Lending underwriting standards Understand our "out of market" requirements and franchise lending requirements Credit Memo
Understanding the following:? The keys to structuring the credit memo Importance of application dates and where they are input Knowing where fields are in Salesforce that populate the credit memo templates How total exposure is calculated How effective yield is calculated When to add a condition How covenants work and how to add and test them Knowledge of the different loan types and the importance of selecting the correct one Understand the Boarding Summary fields and why each is important Job Qualifications
Strong analytical and math skills required Must be proficient Microsoft Office suite Bachelor's degree in Finance/Economics/Mathematics and/or experience in a similar position preferred Inquisitiveness and a passion to learn About Northern Bank & Trust Company Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $2.65 billion with 13 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit or follow Northern Bank on Facebook (/NorthernBankM A/), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company/northern-bank-ma/).
Benefits of working as a Credit Review Analyst in Woburn, MA:
? Unlimited Growth Potential
? Company offers career progression opportunities
? Leading Industry Pay
