Credit Analyst

Welcome to PeoplesBank! We are the largest mutually chartered bank in Western Mass and Northern Connecticut, we are proud to lead the way in green values, sustainable energy financing, and charitable giving. Our commitment to operating in the best interest of our customers is matched by our dedication to fostering 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 the Best Place to Work and Best Local Bank . Join our team of dedicated and innovative individuals and be a part of our dynamic, successful organization. Let's make a difference together!

Summary :

Join our dynamic team as a Credit Analyst, where you'll play a key role in assessing financial health and mitigating risk for commercial lending decisions. In this position, you will analyze credit data, financial statements, and market conditions to provide actionable insights that drive sound lending strategies. You'll prepare clear, data-driven reports for decision-makers, collaborate with peers and managers, and gain exposure to commercial lending practices in a fast-paced, growth-oriented environment. This role requires full-time onsite presence at our corporate offices in Holyoke, MA.

This is an excellent opportunity for detail-oriented professionals with strong analytical skills and a passion for financial research to make an impact while building a career in commercial banking.

• Evaluates the financial condition of applicants for commercial loans with the bank. Analyzes financial statements of borrowers and prospects, identifies primary and secondary sources of repayment, assesses risks, evaluates collateral, calculates cash flow, and researches the borrower's industry and the economic impact of market conditions, all while considering Loan Policy requirements. Reviews data on new, renewal, and existing loans, including information from credit bureaus, other banks, and bank files. Completes renewals and new / increased limit requests for ACH and RDC.
• Analyzes the financial statements of borrowers, computes ratios, and recommends loan structures, considering policy and appropriate primary and secondary sources of repayment. As an introductory position to commercial lending, this role involves frequent consultation with peers and managers to produce work products. Typically, less complex analyses are assigned to this position.
• Orders and analyzes credit reports from agencies such as Experian. Responds to credit inquiries on both borrowing and non-borrowing commercial accounts in accordance with RMA guidelines.
• May participate in customer and prospect calls as part of the information-gathering team.
• May review appraisals for transactions less than $750,000.
• Assists in maintaining and producing various reports about the Bank's commercial portfolio.
• Complete all yearly compliance training and testing, and comply with bank, federal, and state regulations. Adhere to Bank Policies and Procedures and departmental and bank-wide service standards.
• Perform related duties as required.

Education and Experience :

Computer / Technical Skills :

Skills Required :

Work Environment and Physical Demands :

The working conditions and physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.