Commercial Credit Analyst jobs in Rhode Island

Rockland Trust is currently looking to hire a Commercial Credit Underwriter to join our team in Providence.

The Commercial Credit Underwriter (CCU) position is designed and intended to prepare individuals for the role of Portfolio Manager I or a future Credit Professional role by providing specific on-the-job training as well as experience working within a Lending Team environment. CCUs report directly to the Commercial Credit Officer. The position is accountable primarily to the Credit Team that the underwriter is assigned to, with indirect accountability to the Regional Manager, Lending Center Manager, and Loan Officers. Performance reviews will be prepared by the Commercial Credit Officer, with input provided by the Regional Manager, Lending Center Manager, or Lending Officers. The CCU will utilize their credit skills to primarily underwrite for a portfolio of both commercial real estate (CRE) and C&I loans. The incumbent will work closely with Portfolio Managers on the Credit Team, and Lending Officers who solicit, develop and service a wide variety of commercial loans and lines of credit.

Responsibilities:

Under the direction and review of the Commercial Credit Officer the CCU is responsible for underwriting, evaluating, and making independent decisions/ recommendations for commercial loan requests. This includes but is not limited to, evaluating obligor risk ratings on both new and existing relationships ensuring quality and soundness for credit transactions.

• Assists with approval and commitment process (e.g. Senior Loan Approval Committee) helping to ensuring compliance with Loan Policy/Loan Underwriting and Administration Guidelines LUAG) and accuracy of documents and supporting exhibits.
• Develop familiarity and expertise in accessing and working with the various information and reporting systems used by Portfolio Managers to monitor and manage loan portfolios and client relationships.
• As needed, assist with maintaining timely renewals of loan maturities with Portfolio Managers and assigned lending team and complete annual reviews of commercial banking relationships.
• Use RTC’s Covenant Monitoring system, test covenants and prepare of waivers and Reservation of Rights letters if required and directed to do so.
• Facilitate borrower financial reporting submissions to Bank. Responsible for evaluating financial performance of borrower and based on a variety of factors determining an appropriate risk rating. Under direction, may assist Loan Officers and Portfolio Management Team Leaders in obtaining required information from clients/prospects by interfacing directly (i.e. phone calls; electronic communication; customer/prospect visits).
• Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
• Complete other related duties as assigned.

Core Competencies:

The CCU will be encouraged to make independent credit decisions and recommendations, which are based on their analysis of the business and guarantor’s capacity to perform and repay. Will have the ability and willingness to communicate directly with credit applicants (under guidance and direction from senior RTC commercial banking personnel) to obtain and develop information concerning their business and to determine whether the loan would be an acceptable risk to the Bank.

Qualifications:

• Bachelor’s Degree in Business, Accounting, Finance, Economics or equivalent experience.
• At least one year of prior Commercial Credit Analysis experience; specific experience with Commercial Real Estate Loans a plus
• Formal Credit Training a plus
• Ability to read, analyze, and interpret financial statements, tax returns, and valuation reports.
• Ability to effectively write and complete credit memorandums and summaries and general business correspondence.
• Ability to effectively present information and respond to questions from managers, co-workers, and other constituents.
• Excellent verbal and written communication skills.
• Excellent computer skills, including experience with Microsoft Excel and Word
• Experience with nCino preferred
• Excellent time management, organizational and problem-solving skills with the ability to manage multiple projects and work in a deadline-driven, dynamic environment.
• Must be self-motivated with strong initiative, accountability, and attention to detail with the ability to work both independently and as a member of a team.

Our goal is to offer our colleagues the most generous benefits package possible. We strive to provide colleagues with a comprehensive benefits package and an environment that supports a healthy work-life balance. Benefits include: Competitive compensation with performance incentive awards, Health Insurance, Dental Insurance, a 401K and DC Plan for your retirement, LTD & Life Insurance, Day Care Reimbursement, Tuition Assistance for graduate and undergraduate programs, an award winning Wellness program and much more!

At Rockland Trust you'll find a respectful and inclusive environment where everyone is given the chance to succeed. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, national origin, disability status, protected veteran status, or any other characteristic protected by law.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.