Credit Associate - Municipal Finance, Nonprofit / Institutional Banking

Credit Associate - Municipal Finance, Nonprofit / Institutional Banking

The Credit Associate is responsible for supporting credit analysis and portfolio management activities. This role involves assisting with credit data analysis, underwriting, and portfolio review activities including facilitating credit risk recommendation. The Credit Associate may be assigned a book of lower-complexity loans and relationships. The Credit Solutions Associate collaborates with team members to ensure effective credit operations. The Credit Solutions Associate helps maintain high standards of credit quality and compliance.

Serve Municipal and / or Nonprofit clients across a national footprint :

• Local Governments
• School Districts
• Water and Sewer Utilities
• Colleges and Universities
• Private Schools
• Religious Organizations
• Associations & Charities

Provide customized credit and banking solutions within this specialized industry to support working capital, capital expenditures, growth, and other strategic business needs.

Operate within a relationship-focused model that emphasizes risk management, cross-functional collaboration, and long-term client partnerships.

Credit Analysis : Performs credit analysis activities to assess creditworthiness of borrowers, guarantors, and sponsors.

Performance Monitoring : Performs portfolio management activities to monitor and analyze portfolio performance, including periodic reviews and covenant tracking.

Data Analysis : Analyzes credit data, market and industry reports, trendcards, and prepare credit presentations to support underwriting and portfolio management.

Risk Management : Supports effective risk management practices, maintaining high standards of credit quality and origination in alignment with Bank's credit risk appetite, and compliance with institutional and regulatory requirements.

Collaboration : Works closely with team members to ensure cohesive and effective credit operations. Participate in ad-hoc projects to support the organization's priorities.

Learning and Development : Demonstrates a strong desire to learn underwriting and portfolio management skills, actively seeking opportunities for professional growth and development, eventually leading to ownership of a portfolio of credits.

Required Qualifications

Bachelor's Degree or equivalent in Finance, Business, or related field

Minimum 2 years of progressively increasing credit underwriting and portfolio management experience in relevant industry / industries

Additional Qualifications

Intermediate experience in credit management and lending operations, with a strong understanding of risk management principles

Desire to build leadership and coaching skills, with the ability to train and develop talent

Strong communication and collaboration skills, with the ability to work effectively with senior leadership and cross-functional teams

Intermediate analytical skills, with the ability to interpret complex data and make informed decisions

Industry-specific knowledge and expertise Municipal and / or Nonprofit

Compensation Starting base salary : $34.55 - $55.19 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and / or commissions.

Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including :

Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date

Generous 401(k) company matching contribution

Career Development through Tuition Reimbursement and other internal upskilling and training resources

Valued Time Away benefits including vacation, sick and volunteer time

Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs

Career Mobility support from a dedicated recruitment team

Colleague Resource Groups to support networking and community engagement

City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.