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Job Summary:
Credit Analysts are responsible for reviewing preliminary credit applications to determine if they meet basic Eastern Funding policy and criteria. Analysts interview customers to gather further information and research potential transactions. In addition, Credit Analysts work directly with Loan Officers/Sales Associates to determine pricing and detect immediate risks. The Analyst is also responsible for preparing loan memorandums for submission to the Credit Committee.
Primary Responsibilities:
- Review loan/lease application or package to determine if it meets EF lending policy.
- Interview customers to collect relevant information and entirely understand potential transaction
- Initiate credit due diligence through review of credit bureaus, corporate name verification, UCC lien and judgment searches and deed/mortgages/premise lease review.
- Analyze credit information to determine risk and exposure for discussion with Loan Officer. Communicate any potential “red flags” to the Loan Officer.
- Work closely with Loan Officer to ensure that pricing and conditions set are within EF policy and guidelines.
- Satisfy security issues by ensuring EF’s position is not threatened by existing liens or customer’s pre-existing exposure to other financial institutions
- Accurately enter all credit information into in house financing software to include pricing, conditions and needed ancillary documents.
- Prepare Loan Memorandum and submit to credit committee for final approval.
- Communicate with Loan Officer, Broker, Vendor and Customer to ensure all parties understand approval conditions.
- Prepare file and submit to Documentation Team Leader in a timely manner.
- Maintain record of backlog and work proactively with Vice President of Credit to resolve credit issues of existing transactions not yet approved.
- Initiate Landlord references.
- Analyze P&L Statements, Personal Financial Statements, Bank Statements, Tax Returns, Global Financial Statements and other financial documents.
- Complete written annual reviews for customers with high exposures in order to assess their most recent financial status
- Others duties as assigned
Minimum Requirements:
- Extensive understanding of credit analysis
- Bachelor’s Degree in finance or related field
- 2+ Years Credit Analyst Experience
- Fundamental understanding of financial concepts
- Strong verbal and written communication skills
- Ability to stay organized, multitask and problem solve
- Ability to work independently and understand the need for proactive measures.
- Working knowledge of Microsoft Products (Word, Excel) and Tvalue
Preferred Skills:
Strong verbal and written communication skills
- Act with integrity
- Listen generously
- Be a team player
Behavioral Skills
- Consistently demonstrate behaviors associated with Brookline Bancorp’s Core Four values: adaptability, accountability, leadership, and teamwork.
The above statements are intended to describe the general nature and level of work being performed by people assigned to this position. They are not intended to be an exhaustive list of all responsibilities, duties and skills required of personnel so classified. This job description is subject to change at any time.