Credit Analyst
Boston Private Bank & Trust Company - Boston, MA

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Individual with essential analytical skills to independently and objectively evaluate the creditworthiness of current and prospective commercial borrowers and external Bank vendors and perform various administrative duties and projects to support the Bank’s ongoing credit and risk administrative functions. The incumbent must have strong writing skills and possess prior accounting, financial analysis or commercial lending credit analysis background. Additionally, the ideal candidate should be naturally inquisitive with problem-solving mindset, be flexible and able to adapt to frequently changing priorities, have a positive attitude and ability to complete work within the required, often fast-moving timelines. Good organizational skills and ability to multi-task are essential.

Roles and Responsibilities:

The incumbent will:
•Prepare timely and insightful credit analysis applications for a diverse, medium to high complexity and sophisticated portfolio of commercial & industrial, commercial real estate and private banking / professional services commercial loan customers.
•Conduct independent and objective annual reviews of existing loans as well as scheduled and unscheduled loan reviews of the existing portfolio.
•Review approval conditions vis-a-vis the loan documentations for existing loans to ensure integrity of the credit process.
•Assist in updating the Bank’s Loan Policy.
•Create thorough and concise analyses of the risks and mitigants of pending commercial loan requests by reviewing and analyzing the borrowers’ financial statements, including but not limited to income statements, cash flow statements, balance sheets, tax returns, personal financial statements, real estate and C&I collateral appraisal reports, and environmental assessment reports.
•Prepare advanced sensitivity analyses, pro forma cash flows, and assessments of collateral and guarantor financial condition.
•Conduct analysis of the market (customers) and industry (competition, suppliers, substitutes, and potential new entrants) and management teams and/or deal sponsors.
•Evaluate and opine on appraisals and environmental reports as part of the underwriting analysis.
•Accurately assess the financial position of commercial clients to support th Bank’s credit decisions on credit exposure of varying size, up to its lending limits. This includes providing independent recommendations to credit and lending management on whether to approve or renew loans, modify terms of existing loans, maintain or change risk ratings of existing loans, and otherwise suggesting the appropriate credit action.
•Assist in the discussions of risk elements at Management Loan Committees and Directors’ Loan Committees.
•Conduct financial analysis of and make recommendations on the suitability of the Bank’s vendors.
•Capture minutes and perform various administration duties for the Management Loan Committees and Directors’ Loan Committees. Interact with senior committee members and the Bank’s Directors in managing the process.
•Manage the workflow and the pipeline as requested by the team leader and in his/her absence.
•Coach and mentor junior staff as well as the department’s interns.
•Actively participate in ongoing training and development through a combination of the Bank’s formal credit training curriculum, self-study, and self-development.
•Assist with special projects and reporting assignments in Credit Administration.
The ability to work as an integral and engaging team member is crucial and one of key attitude prerequisites in joining the Credit Analysis team. Also important is the ability to work within tight timeframes and balance several projects at one time.
All Boston Private Bank & Trust Company employees are expected to adhere to the following competencies:
Core Competencies:
•Client Focus - Dedicated to meeting the needs of internal and external clients; listens effectively and establishes and maintains relationships and gains client’s trust and respect.
•Ethics, Integrity and Trust - Considers ethical issues before decisions are made and seeks to achieve results that are in the best interest of the Bank.
•Ownership, Accountability, Responsibility and Compliance - Takes ownership of tasks, projects, and relationships and follows through on obligations and promises.
•Self Development and Learning - Personally committed to learning and actively works to continuously develop professionally.
•Teamwork and Collaboration -Works collaboratively; finds common ground and solves problems for the good of all and can represent his/her own interests and yet be fair to the team.
Individual Contributor Competencies:
•Decision Making and Problem Solving -Makes decisions in a timely manner, uses a mixture of analysis, experience and judgment to solve difficult problems with effective solutions.
•Informing and Communicating - Proactively and effectively communicates information to colleagues up, down and across the organization, provides updates on projects, tasks and potential roadblocks.
•Planning and Time Management - Accurately scopes out length and difficulty of tasks and projects and sets objectives and goals. Uses time effectively and efficiently; values time; concentrates efforts on important priorities and completes tasks and/or projects on time.
•Strong Writing Skills – Strong ability to write concisely and clearly, with good command of grammar and syntax, particularly in preparation of credit analysis write-ups.
•College degree.
•2-3 years prior experience is required, preference for direct credit analysis experience in a commercial lending environment or financial analysis in an investment management, finance, accounting or comparable field.
•Advanced financial modeling skills are required.
•The successful completion of a formal credit / financial analyst training program is strongly preferred.
•Proficiency with Microsoft Office products (Word, Excel, Power Point, etc.) and financial statement spreading software is required.
Equal Opportunity Employer