Commercial Credit Associate

Division:              Commercial

Department:        ABL – Credit & PM

Reports to:          Head of Portfolio & Credit Administration

FLSA:                   Exempt

Grade:                  9E

Pay Range:         $52,000-$90,498

Actual compensation within the pay range will be determined based on factors including, but not limited to, skills, prior relevant experience, and specific work location.

Location:            Burlington, MA

Purpose/Objective:  

Perform financial analysis and prepare underwriting documents to support and make recommendations for complex multimillion-dollar commercial credit requests and vendor arrangements.  The Credit Associate provides support for the deal team in analysis, approval, and execution. 

Key Accountabilities:                                                                                                                                           

• Accountable for underwriting all business opportunities.
• Communicates and maintains active dialogue with both the Relationship Manager and Client.
• Reviews financial statements, projection models and all other relevant financial and non- financial data to develop a concise focused analytical foundation for a credit decision.
• Prepares thorough credit underwriting identifying industry concerns, market share trends, financial trends, and other pertinent underwriting issues to present to the approving Credit Officer or Loan Committee.
• Ensures underwriting and structuring decisions reflect commitment to strong asset quality.
• Prepares analysis and write-ups for amendments, consents, and waivers to existing credit documentation.
• Conducts periodic site visits with the Relationship Manager to assess management and business conditions.
• Attends bank meetings when applicable.
• Ensure risk rating accuracy and compliance with Credit Policy
• Monitors the financial performance of portfolio companies to include ongoing covenant compliance and annual reviews.
• Assumes additional responsibilities and duties as necessary to ensure department objectives are met. May manage the distribution and taking of minutes for Executive Loan Committee.
• Coordinates with both the Relationship and Portfolio Managers in making recommendation regarding the extension of credit to new and existing commercial clients. In addition, works closely with both the Relationship and Portfolio Managers on making recommendations on business relationships with commercial clients.  
• Ensures compliance with all banking laws, rules, regulations, and prescribed policies/practices/procedures necessary to reduce risk and uphold ethical standards related to and required by one’s duties.

Education:

• Undergraduate degree in Business, Accounting, Finance, or Economics preferred

Experience:

• Advanced Degree or 3+ years of commercial loan experience or general banking experience with preference for working on middle market, ABL, and commercial real estate transactions

Skills & Knowledge:

• Strong analytical skills and knowledge of both financial and managerial accounting.
• Effective verbal and written communication skills.

Beacon Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin. If you would like to contact us regarding the accessibility of our website, need assistance completing the application process, or would like to request alternative methods of applying, please contact us at hr@berkshirebank.com.