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The Commercial Loan Credit Analyst II is an integral part of the lending team and plays a key role in the credit decision-making process via collaborations with borrowers, Sales and Operations/Loan Closing Teams. Primarily responsible for underwriting commercial transactions within the confines of Firestone Financial's policies and procedures and underwriting guidelines.
Key Responsibilities:
Responsible for reviewing loan requests on both new and existing customers. As part of the assessment, the analyst will conduct thorough, comprehensive business, management and organizational analysis to form a deep, broad, accurate, and up-to-date understanding of that business’s health, capacity, and capability to appropriately utilize and fully repay its loan in a timely manner. Spread and analyze relevant financial data, including tax returns and financial statements of businesses and personal guarantors, projections and sensitivity analysis. Examine cash flow (stand alone and global) and review collateral adequacy. Perform appropriate market, industry and economic analysis as well as obtain personal credit and other associated business reports. Recommend risk ratings, identify key risks and mitigating factors and covenants.
Independently prepares comprehensive credit presentations within the scope of Firestone Financial's policies and risk appetite and presents requests outside of personal lending authority to Credit Committee.
Uses credit underwriting experience to make sound judgment in approval of credit decisions within credit authority within the approved parameters and with minimal supervision, can manage multiple priorities and meet deadlines.
Meet and/or converse with borrowers to probe for information and develop an understanding of the business, management and loan structure. Partners with sales representatives to obtain background and financial information and assist in negotiations and deal structure. Prepare term sheets.
Works to exceed department productivity standards for decision turnaround time and a positive customer experience.
Works collaboratively and cooperatively with other staff to complete loan transactions, promotes internal teamwork, facilitates learning, and enables organizational effectiveness.
Performs other duties and projects as requested by FVP - Credit & Administration and/or management. Project work can vary from process improvements, initiatives to supports organizational goals, including new market assessments, redefining standard operating procedures/underwriting guidelines or efficiency initiatives.
Provides mentoring, guidance and training to junior level credit staff as necessary.
Ensures compliance with all banking laws, rules, regulations, and advised policies/practices/procedures necessary to reduce risk and uphold ethical standards. Perform other duties as required. Follow Berkshire Bank’s Be First Values.
Firestone Financial is a subsidiary of Berkshire Bank that provides equipment financing leasing. We work in the carnival/amusement, fitness (Planet Fitness is a client), and vending space.