Credit Analyst

Welcome to PeoplesBank! We are the largest mutually chartered bank in Western Mass and Northern Connecticut and a leader in green values, sustainable energy financing, and charitable giving. We operate in the best interest of our customers and strive to be an inclusive and engaging work environment. We offer excellent compensation, workplace flexibility, and a competitive benefits package to our associates. Our award-winning culture has earned us recognition as Best Place to Work and Best Local Bank. Come join our team of dedicated and innovative individuals and contribute to our dynamic, successful organization.

Summary: The Credit Analyst will analyze credit data and financial statements of individuals to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decision making.

Essential Duties and Responsibilitiesinclude the following. Other duties may be assigned

• Evaluates the financial condition of applicants for commercial loans with the bank. Spreads and analyzes the financial statements of borrowers and prospects, and primary and secondary sources of repayment, identifies risks, evaluates collateral, calculates cash flow, researches the borrower’s industry and the economic impact of changes to market conditions while considering Loan Policy requirements. Analyzes data on new, renewal, and existing loans, including data provided by credit bureaus, other banks and bank files. Completes renewals and new/increases limit request for ACH and RDC.
• Spreads and analyzes the financial statements of borrowers, computes ratios and recommends loan structures with consideration of policy and appropriate primary and secondary sources of repayment. This is frequently an introductory level position to commercial lending so that this individual interfaces/consults frequently with peers and manager to produce work product. Typically less complex analyses are assigned to this position.
• Orders and analyzes credit reports from credit reporting agencies (such as Experian). Under RMA guidelines, responds to credit inquiries on both borrowing and non-borrowing commercial accounts.
• May participate in customer / prospect calls as part of information-gathering team.
• May reviews appraisals for transactions less than $750,000.
• Assists in maintaining and producing a variety of reports about the commercial portfolio of the Bank.
• Completes all yearly compliance training and testing and complies with bank, federal, and state regulations. Complies with Bank Policies and Procedures. Adheres to departmental and bank-wide service

Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Education and/or Experience: Bachelor's degree (B. A.) from four-year college or university in Business, Economics, Finance or Accounting required; and one to two years related experience and/or training

Skills needed:

• Knowledge of commercial credit products, market trends, and/or loan procedures
• Attention to detail
• Analytical and critical thinking skills
• Strong time management and multitasking skills
• Strong communication skills
• Ability to research financial topics and present accessible reports on that research to colleagues with differing areas of expertise
• Strong interpersonal and customer service skills, including the ability to form and maintain client and business relationships
• Discretion and a dedication to protecting the financial privacy of clients, business partners, and employer

Computer Skills:Knowledge of computer applications including Word and Excel and the ability to adapt to and learn other software systems used by the Credit Department and Bank.