Rockland Trust’s Commercial Business Underwriting Decisioning (CBUD) group is seeking a highly motivated and eager to learn CBUD Credit Analyst Trainee to develop the skills necessary to analyze commercial credit proposals using both credit scoring and traditional, judgmental financial analysis methodologies as dictated by the type and amount of the credit request.
The CBUD Credit Trainee position is designed to prepare individuals for a credit underwriting/portfolio management role within the CBUD unit, which underwrites and manages the bank’s business, commercial and industrial (C&I), and commercial real estate loan portfolio for customers with total credit exposure up to $2 million, by providing formal credit training, on-the-job training as well as experience working within a team of credit professionals. The Trainee will report to a CBUD manager.
Under the guidance of a CBUD manager, the Trainee will train and gradually assume responsibility for:
Assessing risk through quantitative risk scores, traditional financial analysis, performance data, and other non- financial metrics
Learning to make independent decisions/recommendations, including but not limited to, evaluating obligor risk ratings, ensuring quality and soundness for credit transactions.
Ensure compliance with applicable regulations, Loan Policy, Loan Underwriting and Administration Guidelines (LUAG) and accuracy of documents and supporting exhibits.
Develop familiarity and expertise in accessing and working with the various information and reporting systems used to monitor and manage loan portfolios and client relationships.
Timely credit decisions and/or renewals
Continuously monitor current loans and credit lines to ensure compliance with terms and proactively manage risk/exposure and compliance with Loan Policy/LUAG for assigned portfolio.
Facilitate borrower financial reporting submissions to Bank. Responsible for evaluating financial performance of borrower based on a variety of factors. Under direction, may assist Loan Officers and Portfolio Managers in obtaining required information from clients by interfacing directly (i.e. phone calls, electronic communication).
Identifies early client risk/exposure, early detection of volatile industries and markets for assigned portfolio.
Collaborate and assist in coordinating pre-closing activities.
The incumbent will be encouraged to make independent credit decisions and recommendations, which are based on their analysis of the business and guarantor's capacity to perform and repay.
Will have the ability and willingness to communicate directly with credit applicants (under guidance and direction from CBUD personnel) to obtain and develop information concerning their business and to determine whether the loan would be an acceptable risk to the Bank.
The incumbent will act as a Liaison between assigned lending team and supporting departments within the Bank.
A Bachelor's degree in Finance, Business or other related field preferred
Strong knowledge of financial accounting
Ability to successfully complete online training in conjunction with credit assignments
Excellent written and verbal communication skills
Proficiency in MS Office/Word/Excel in the Windows environment
Our goal is to offer our colleagues the most generous benefits package possible. We strive to provide colleagues with a comprehensive benefits package and an environment that supports a healthy work-life balance. Benefits include: Competitive compensation with performance incentive awards, Health Insurance, Dental Insurance, a 401K and DC Plan for your retirement, LTD & Life Insurance, Day Care Reimbursement, Tuition Assistance for graduate and undergraduate programs, an award winning Wellness program and much more!
At Rockland Trust you'll find a respectful and inclusive environment where everyone is given the chance to succeed. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, national origin, disability status, protected veteran status, or any other characteristic protected by law.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Rockland Trust is dedicated to our customers in Massachusetts and Rhode Island, standing as the sole bank subsidiary of Independent Bank Corp. (NASDAQ: INDB). We offer a wide range of banking, investment, and insurance services to businesses and individuals through retail branches, commercial lending offices, investment management offices, and residential lending centers located in Eastern Massachusetts and Rhode Island, as well as through online, mobile and phone banking.