Credit Analyst

Job Overview

We are seeking a dynamic and detail-oriented Credit Analyst to join our financial services team. In this pivotal role, you will evaluate credit data and financial statements to determine the risk involved in extending credit or lending money. Your expertise will help guide strategic decision-making, ensure sound underwriting practices, and support the growth of our credit portfolio. This position offers an exciting opportunity to apply your analytical skills, financial acumen, and negotiation abilities in a fast-paced environment committed to excellence and integrity.

Responsibilities

• Conduct comprehensive credit analysis by collecting and analyzing financial data, including cash flow statements, balance sheets, and income statements to assess borrower creditworthiness.
• Perform risk assessments using quantitative research methods and financial modeling techniques to forecast potential outcomes and identify potential red flags such as fraud or financial instability.
• Underwrite loan applications by evaluating borrower financial concepts, collateral value, and repayment capacity to determine appropriate credit limits and terms.
• Prepare detailed financial reports and summaries that clearly communicate findings, risks, and recommendations for approval or further review.
• Utilize advanced financial software tools for loan processing, portfolio management, and data collection to streamline workflows and enhance accuracy.
• Monitor existing credit accounts through ongoing risk analysis, fraud prevention measures, and portfolio management strategies to minimize losses and optimize returns.
• Review credit files to ensure that there are current reports, statements, collateral documentation, and other financial information on customer accounts in file.
• Adhere to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP), and OFAC policies and procedures.

Experience

• A minimum of two years of proven experience in financial analysis, credit underwriting, or related roles within banking, financial services, or mortgage servicing sectors.
• Strong knowledge of financial concepts such as accounting principles, technical accounting standards, and quantitative analysis techniques.
• Familiarity with financial software platforms used for loan origination, processing, forecasting, and reporting.
• Demonstrated ability to perform risk analysis, cash flow analysis, and financial modeling with precision.
• Prior experience in fraud detection or prevention strategies is a plus for maintaining the integrity of the credit portfolio.

Education

• Bachelor’s degree in Business, Finance, or Accounting is essential; or the equivalent combination of education and experience is required.
• A thorough understanding of the lending process and standards as well as excellent understanding of accounting principles and financial statement analysis.
• Strong knowledge of state, federal, and bank compliance guidelines is essential.
• Knowledge of credit risk management is required.

GENERAL NOTICE

This position description describes the general nature and level of work performed by the employee assigned to this position and should not be interpreted as all inclusive. It does not state or imply that these are the only duties and responsibilities assigned to the position. The employee may be required to perform other job-related duties. All requirements are subject to change and to possible modification to reasonably accommodate individuals with a disability.

Providence Bank is an equal opportunity employer and gives consideration for employment to qualified applicants without regard to race, color, religion, sex, national orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by federal, state, and local law. Member FDIC

Join us if you’re passionate about leveraging your financial expertise to make impactful decisions that drive growth while maintaining rigorous risk controls!

Benefits:

• 401(k) 6% Match
• Dental insurance
• Health insurance
• Life insurance
• Vision insurance

Application Question(s):

• Training may occur at multiple locations. Are you able to travel to all Providence Bank locations?

Education:

• Bachelor's (Preferred)

Experience:

• Financial analysis: 2 years (Required)
• credit underwriting: 2 years (Required)
• banking or financial services: 2 years (Required)
• Bank Secrecy Act: 1 year (Preferred)
• Financial statement review: 1 year (Preferred)
• credit file management: 2 years (Required)

Language:

• English (Required)

Work Location: In person