Commercial Credit Analyst II

Coastal1 is looking to hire an experienced Commercial Credit Analyst II in our Commercial Lending Department!

The Commercial Credit Analyst II, under the direction of the VP Commercial Banking Operating Officer, will analyze credit history and financial stability of existing and prospective members requesting credit extensions. Determine credit worthiness and recommend acceptance or rejection of application. Assist in all aspects of commercial lending, member service, and credit and loan administration.

This role requires ON SITE availability in Pawtucket, Rhode Island.

Education And Experience Requirements

• Bachelor’s degree from a four-year college or university in a business-related field required. SBA knowledge a plus.
• At least 3 to 5 years demonstrated successful commercial analysis experience.
• Working knowledge of accounting, credit analysis, and familiarity with loan and mortgage documentation.
• Proficient in MS Office, credit union software and internet research. Working knowledge of word processing and spreadsheet applications.
• Strong organization skills that reflect ability to perform and prioritize a high volume of multiple tasks seamlessly with excellent attention to context, substances, and detail while meeting goals and strict deadlines.
• Strong analytical and quantitative skills. Proven ability to gather and analyze data and information, draw logical conclusions, and make appropriate recommendations. Proven problem-solving ability.
• Excellent communication skills, both written and verbal. Effective interviewing and presentation skills.
• Demonstrated ability to manage multiple priorities simultaneously in a fast-paced environment with time management/organizational/multi-tasking skills.
• Ability to maintain a positive and upbeat Credit Union image.
• Demonstrated ability to handle confidential information securely.
• Established ability to work collaboratively across all levels and functions of the credit union to coordinate solutions.
• Ability to work independently, and impartially and as a team member.
• Bi-lingual helpful.

Founded in 1928 and based in Pawtucket, Coastal1 Credit Union is a growing, member-focused organization serving over 130,000 members. Today, Coastal1 has 19 branches throughout RI and MA, including Bristol, Cranston (2), Cumberland, East Greenwich, East Providence (2), Johnston, North Kingstown, North Providence, Pawtucket (3), Providence, Smithfield, Wakefield, Warwick (2), and North Attleboro.

We are committed to helping members achieve their financial goals. Coastal1 Credit Union is committed to providing the best in products, services, rates and changes in technology for our members convenience and security providing "The smarter way to bank." We are focused on simply being the best overall community financial institution in the markets we serve.

Coastal1 offers competitive pay and great benefits including medical, dental and vision for you and your dependents. In addition, we offer paid time off to promote work/life balance, on-site fitness center, 401(k) with a company match, employee homebuyer assistance, plus much more!

Job Responsibilities

• Prepare analysis on new and/or existing commercial real estate, C&I, and construction/development credit. Spread and make interpretative analysis of financial statements, pro-forma, budgets, or other data as applicable, review loan requests for compliance to the Credit Union’s lending policy and prepare memorandum for use in loan decision-making.
• Review compliance with loan agreements of existing members and report exceptions to SVP Commercial Lending.
• Research and integrate the impact of external factors such as management, market, strategy, industry, and economic climate into the analysis of risk.
• Analyze annual financial statements and reports on changes in financial condition for existing relationships.
• Assist in the preparation and distribution of a variety of recurring reports for use in the administration of the commercial and commercial construction loan portfolio.
• Audit files after closing insuring that all loans are closed in compliance with the approved terms and conditions and that all appropriate documentation has been received to perfect the Credit Union’s lien on any related collateral.
• Assist in portfolio management by working with members to satisfy documentation requirements in the approval/review processes.
• Respond to a variety of inquiries and confirmations on commercial members.
• Ensure compliance with Coastal1's Bank Secrecy Act/Anti-Money Laundering Policy and related procedures, Member Identification Program and Office of Foreign Assets Control screening and record keeping requirements.
• Perform all duties in accordance with prescribed regulatory compliance guidelines.
• Perform other duties as required.

Equal Opportunity Employer