Credit Analyst - Commercial and Industrial Lending

Responsible for analyzing and monitoring the credit worthiness of the Bank's commercial customers. Recommend credit facilities within the established bank guidelines.

ESSENTIAL DUTIES & RESPONSIBILITIES

• Collect and track receipt of financial statements, borrowing base certificates, and covenant compliance certificates from existing customers
• Perform annual reviews of existing relationships including spreading financial statements, analyzing corporate borrower's financial performance and condition, evaluating cash flow, collateral, guarantor support and other pertinent factors
• Produce modification requests for existing relationships
• Prepare preliminary analysis, typically financial statement spreads and cash flow calculation, of prospective borrowers
• Underwrite new loan requests including above referenced analysis as well as evaluation of proposed transaction
• Assign risk ratings as appropriate and monitor covenant compliance
• Provide analytical support to Senior Credit Analyst and Account Officers as needed
• Attend and participate in meetings with customer and Account Officer as needed
• Be prepared to discuss proposals with approval authorities on a one-on-one basis as well as in a committee setting
• Perform additional duties as requested, needed or assigned

JOB REQUIREMENTS

• Knowledge of commercial and industrial lending practices and related areas
• Knowledge of financial institution regulatory environment and policy
• Ability to work independently with some guidance from team members
• Prioritize work product in order to meet varying deadlines
• Excellent knowledge of corporate and personal financial statements
• Excellent financial analytical skills with sound judgment and decision making abilities
• Ability to build strong relationships and alliances across the organization, ability to adapt to change, ability to multi-task, reliable and highly self-motivated
• Aptitude in Microsoft Office Suite, especially Excel and Word
• Experience with spreading software
• Excellent written and verbal English communication skills
• Ability to adhere to Needham Bank's Core Values (Quick-Decision-Making, Reliability, Relationship-Based Focus and Quality Service)
• Represent the Bank at various community functions
• Participate on Bank task forces and committees as assigned
• Engage in continuing education opportunities as they become available

EDUCATION & EXPERIENCE

• Bachelor's degree in Accounting/Finance or related area
• At least 2 years of Commercial and Industrial Lending credit experience with loan exposures ranging from $500,000 to $35 million.
• SBA underwriting experience preferred.

WORKING CONDITIONS/PHYSICAL DEMANDS

• Normal business office environment

Needham Bank offers a competitive salary and an amazing benefit package for a full-time employee which includes fully paid medical and dental insurance, HRA, 401(k) plan with an 8% bank match, paid time off (PTO), paid holidays, a bonus program, flexible spending accounts, vision service plan, group term life insurance, short and long term disability insurance, tuition reimbursement, and an Employee Assistance Program. We offer a great benefit package to our eligible part-time employees as well.

At NB, we are dedicated to building a diverse, inclusive and authentic workplace - if you are excited about this role, but your past experience doesn't align perfectly with every qualification in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles.

Needham Bank is an Equal Opportunity/Affirmative Action Employer. Needham Bank will provide all applicants for employment and all employees with equal opportunity for employment and promotion regardless of race, color, religion, gender, national origin or ancestry, age, disability, veteran status, military service, sexual orientation, genetic information, or gender identity.