Job Information
Newtown Savings Bank Senior Credit Analyst (onsite) in Newtown, Connecticut
Location: Newtown, CT
Newtown Savings Bank is seeking a high performing Commercial Credit professional with 4-7 years’ experience for the role of Senior Credit Analyst. This position is responsible for the independent management of robust reporting that effectively and efficiently monitors the risk profile of the Commercial Lending and Small Business Lending portfolios. Additionally, the role analyzes said reporting and recommends appropriate action to protect the Bank from credit risk. Is responsible for maintaining the risk ratings of Branch assigned small business loans in accordance with loan policy. Assigns risk ratings to new loans and reviews existing risk ratings for accuracy. Underwrites the Bank’s most complex loan requests. Provides recommendations to Accounts Officers. Provides credit investigation for the Bank’s most complex loan requests and/or workouts for use by Account Officers and committees. Assures conformity to Bank policies and procedures. Provides additional analysis and assists with projects as needed/assigned. This is an onsite opportunity at our Corporate office in Newtown, CT. This role has a remote option of one day per week.
PRIMARY RESPONSIBILITIES
Mastery of the Bank’s loan policy.
Mastery of the Bank’s credit department procedures.
Independently manage reporting that effectively and efficiently monitors the risk profile of the Commercial Lending and Small Business Lending portfolios, including risk rating migration, policy exceptions, and assisting with concentration analysis and management, and risk-based portfolio analytics.
Drive for results in analyzing risk rating migration reports for apparent trends and notable changes in the makeup of the portfolios, sharing results with the Director of Credit on a quarterly basis to better predict portfolio performance and enable sound approval decisions.
Provide accurate, concise explanations of loan policy exceptions for justification to loan committees, the Board of Directors, and external auditors. Analyze loan policy exception reporting for apparent trends and exercise independent judgement in making loan policy revision recommendations to the Director of Credit on a quarterly basis.
Maintain the risk ratings of Branch assigned small business loans in accordance with loan policy through the analysis of payment performance and information on hand.
Complete financial spreads for the Bank’s existing and prospective business customers, including the calculation of various analytical ratios testing liquidity, leverage, debt to income, and debt service coverage. Make decisions on customization of the analytical ratios based on type of customer, nature of operations, and industry.
At inception of the underwriting process, review file to assure all necessary information and documentation has been received. Work with Account Officers to obtain any missing information or documentation.
Underwrite the Bank’s most complex loan requests. Underwriting document to include narrative on the nature, history, and ownership of all borrowers and guarantors, detail on the structure and usage of each loan, collateral analysis on each loan, overview of reporting requirements, covenant compliance analysis, borrowing base compliance analysis, complete credit analysis on all borrowers and guarantors, identification and mitigation of exceptions to the Bank’s loan policy, and an overview of the strengths and weaknesses of the relationship.
Make recommendations to the Account Officers based on the structure of the transaction and controls of the transaction.
Assign risk ratings to new loans and review existing risk ratings for accuracy, recommending adjustments as necessary.
Mentor more junior members of the Credit Department, which may or may not include the review of workbooks, spreads, and submissions at the direction of the Director of Credit.
Approve/decline underwriting submissions within authority limits.
Attend committee meetings and present underwriting document in conjunction with the Account Officer. Answer any questions that may arise related to the underwriting document. Articulate recommendation to approve or decline and support recommendation.
Provide credit investigation for the Bank’s most complex loan requests and/or workouts for use by Account Officers and committees.
Efficiently manage workflow and meet deadlines with general direction.
Promote the Bank and the Bank’s services.
Provide prompt and courteous service to all external and internal customers.
POSITION REQUIREMENTS
Must have a bachelor’s degree in accounting or finance OR a bachelor’s degree in business, economics, or mathematics with advanced coursework in accounting or finance. An MBA is a plus.
Must have 4-7 years’ experience in a business lending credit function.
Must have a working knowledge of the standard suite of MS Office Products, with advanced knowledge of MS Word and MS Excel.
Ability to manage multiple priorities, function independently, meet deadlines, and work effectively in a team environment.
A high performer exhibiting initiative in departmental responsibilities and projects.
Solid written and verbal communication skills.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Any physical demands or work conditions described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Full time employees also receive a complete benefit package including a generous 401(k), medical benefits, paid time off, and short and long term disability programs.
Newtown Savings Bank is an equal opportunity and affirmative action employer regardless of race, gender, disability status, protected veteran status. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, age, marital status, national origin/ancestry, sexual orientation, gender identity, disability status, protected veteran status, or any other legally protected status.