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Credit Analyst I in Boston, MA at Eastern

Date Posted: 4/13/2018

Job Snapshot

Job Description

When you join Eastern Bank, you join the largest and oldest mutual bank in the country. We pride ourselves in having knowledgeable and experienced professionals that can provide the expertise, personal attention and service our customers deserve.
 
As the fourth-largest full-service commercial bank in Greater Boston, we are able to offer you unique opportunities for career growth throughout the organization, as well as a competitive compensation and benefits program.
 
As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential. These values have earned us a reputation as a great place to work and provide a strong reason why you should consider a career with us.
 
Responsibilities include, but are not limited to the following:
 
Eastern Bank is offering a unique opportunity to the right individuals to begin a career in commercial banking by joining Eastern’s formal credit training program. The average time spent in a credit training program is two to three years. The program will involve the assignment rotations through various lending groups including Commercial Real Estate, Middle Market Lending, Managed Assets group. After the successful completion of the program the credit analyst should ultimately progress into the following roles in various departments across the bank:
  • Senior Credit Analyst or Risk Analyst in Corporate credit group
  • Portfolio Manager and /or Relationship Manager in Commercial
  • Real Estate and Middle Market Lending groups
  • Business Banker in Business Banking group
The credit Department provides analytical support to various departments within the Commercial Banking Division. The successful candidate will learn financial statement and other credit related analysis as well as the preparation of credit Memoranda in conjunction with the credit approval and review process.

  • The credit analyst position is both an educational and production position.
  • The job responsibilities will include: spreading of the financial statements utilizing internal financial analysis software, creating independent credit analysis of commercial loan requests of increasing complexity, attending of the credit committee.
  • In addition to commercial loan analysis, this position will analyze risks associated with the Automated Clearing House transactions, Correspondent Banking transactions, as well as analyze the company’s vendors.

Job Requirements

  • The position requires a bachelor’s degree with concentrations in Finance, Accounting or Economics
  • Requires a detailed working understanding of accounting
  • Excellent organizational and writing skills required.
  • Proficiency with Microsoft Office suite and internet research engines required.
  • The successful candidate must possess outstanding presentation and communication skills.
  • 1-2 years of experience in various financial fields is a plus.