Northern Bank
Credit Review Analyst
Northern Bank, Woburn, Massachusetts, us, 01813
In this role, within the Credit Department, the analyst will review commercial loan writeups (including new loans, line of credit renewals and household reviews) to ensure accuracy and help to make recommendations for technical and structural edits to the presentations. The role is designed for new credit professionals to learn the following basics of credit with the intention of moving to a credit analyst role on a commercial loan team in a 6-18 month timeframe.
ESSENTIAL FUNCTIONSIn this role, you will develop a strong understanding of the following components within the credit analysis process:
Financial Statement Spreads
Spread and balance an income statement and balance sheetReconcile cashDevelop business cash flows, personal cash flows and global cash flow analysisNorthern Bank Loan Policy:
Understand Approval Authorities, NBTs Risk Rating methodologyUnderstand Commercial C&I, CRE and Construction Lending underwriting standardsUnderstand our “out of market” requirements and franchise lending requirementsCredit Memo
Understand the following:The keys to structuring the credit memoImportance of application dates and where they are inputKnowing where fields are in nCino that populate the credit memo templatesHow total exposure is calculatedHow the effective yield is calculatedWhen to add a conditionHow covenants work and how to add and test themKnowledge of the different loan types and the importance of selecting the right oneUnderstand the Boarding Summary fields and why each is importantOther Credit Exposure includes:
How to read an appraisal and some general FIRREA guidelinesGeneral FDICIA rules and regsHow to prepare an industry analysisOverview of loan legal documentsIntro to SBA lendingUnderstanding of Credit Reports (also how to acquire one)Review of Personal Financial StatementsLearn the how to analyze lending deals relating to:
Real EstateConstructionC&IFranchisesJOB QUALIFICATIONS
Strong analytical and math skills required.Salesforce experience preferred.Must be proficient in Microsoft Office suite including Excel and Word and must be familiar with basic computer applications.Experience in banking and/or in a similar analytical position preferred.Ability to multi-task, prioritize work, and adapt to changes in working environment required.Clear written and verbal communication required.Bachelor’s degree preAbout Northern Bank & Trust Company
Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of over $3 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit www.NBTC.com or follow Northern Bank on Facebook (/NorthernBankM A/), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company/northern-bank-ma/).
ESSENTIAL FUNCTIONSIn this role, you will develop a strong understanding of the following components within the credit analysis process:
Financial Statement Spreads
Spread and balance an income statement and balance sheetReconcile cashDevelop business cash flows, personal cash flows and global cash flow analysisNorthern Bank Loan Policy:
Understand Approval Authorities, NBTs Risk Rating methodologyUnderstand Commercial C&I, CRE and Construction Lending underwriting standardsUnderstand our “out of market” requirements and franchise lending requirementsCredit Memo
Understand the following:The keys to structuring the credit memoImportance of application dates and where they are inputKnowing where fields are in nCino that populate the credit memo templatesHow total exposure is calculatedHow the effective yield is calculatedWhen to add a conditionHow covenants work and how to add and test themKnowledge of the different loan types and the importance of selecting the right oneUnderstand the Boarding Summary fields and why each is importantOther Credit Exposure includes:
How to read an appraisal and some general FIRREA guidelinesGeneral FDICIA rules and regsHow to prepare an industry analysisOverview of loan legal documentsIntro to SBA lendingUnderstanding of Credit Reports (also how to acquire one)Review of Personal Financial StatementsLearn the how to analyze lending deals relating to:
Real EstateConstructionC&IFranchisesJOB QUALIFICATIONS
Strong analytical and math skills required.Salesforce experience preferred.Must be proficient in Microsoft Office suite including Excel and Word and must be familiar with basic computer applications.Experience in banking and/or in a similar analytical position preferred.Ability to multi-task, prioritize work, and adapt to changes in working environment required.Clear written and verbal communication required.Bachelor’s degree preAbout Northern Bank & Trust Company
Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of over $3 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit www.NBTC.com or follow Northern Bank on Facebook (/NorthernBankM A/), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company/northern-bank-ma/).