• Location: Needham, Massachusetts
  • Type: Direct Hire
  • Job #8233
  • Salary: $80,000.00 - $120,000.00

Responsible for analyzing and monitoring the credit worthiness of the Bank’s customers. Analyze financial statements, tax returns and bank references to evaluate the financial condition of individuals and businesses applying for credit with the bank. Recommend credit facilities and structures within the established bank guidelines.  


  • Obtain loan request information from commercial lender or borrower to analyze credit information, financial statements and other related information pertaining to the loan
  • Research background documentation and review personal and business financial statements and tax returns.  Analyze financial information and prepares the preliminary analysis for the lender
  • Request and obtain financial statements on existing borrowers
  • Review and prepare written analysis, spreadsheets, reports, summaries and opinions
  • Prepare or assist in the preparation of loan memorandum for presentation to lenders and/or loan committees
  • Review loan files to ensure the completeness of the file and that all collateral has been secured properly
  • Update collateral values, as needed on delinquent loans
  • Follow all applicable laws and regulations
  • Support the commercial lending functions in managing existing loan relationships and pursuing new loan opportunities primarily by analyzing financial information and identifying credit risks.  Provide recommendations for loan structuring 
  • Prepare various written loan reports including:  loan presentations, annual reviews, credit file comments and classified asset reports as needed in accordance with the Bank’s loan policy and procedures 
  • Prepare, monitor and maintain credit files for the Bank’s commercial loan customers
  • Assist commercial loan officers in addressing customer inquiries and servicing requests
  • Assist the commercial lenders by interacting with select existing and new customers of the commercial lending team with new loan requests and maintenance of existing customers.  This could include underwriting as well as annual reviews related to renewing credit facilities
  • Perform additional duties as requested, needed or assigned

Experience and Skills

  • Bachelor’s degree in Accounting/Finance or related area.
  • 3+ years of Commercial and Industrial Lending credit experience with loan exposures ranging from $500,000 to $35 million.
  • Formal Credit Training preferred.
  • SBA underwriting experience preferred.
  • Extensive knowledge of financial institution policies and procedures
  • Extensive knowledge of commercial real estate lending practices and related areas  
  • Strong knowledge of department support structures, resources and personnel  
  • Excellent financial analytical skills with sound judgment and decision making abilities
  • Strong time management skills
  • Excellent project management skills
  • Excellent knowledge of personal/business financial statements and tax returns
  • Strong working knowledge of Microsoft office applications
  • Ability to build strong relationships and alliances across the organization, ability to adapt to change, ability to multi-task, reliable, and highly self-motivated
  • Superior customer service skills, exceed customers’ expectations
  • Excellent written and verbal English communication skills
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