Full-time

Pawcatuck, CT 445 Liberty St

Division:              Commercial                                                   
Department:        Small Business - 44 Business Capital           
Reports to:          VP, SBA Credit Manager  
Status:                Exempt               
Grade:                09
Location:             Philadelphia, PA


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.
  • Mentors the Credit Analysts.
  • Assumes additional responsibilities and duties as necessary to ensure department objectives are met.  
  •  Under the direction of the VP SBA Credit Manager and following the guidelines of the SBA SOPs, structure and recommend credit relationships submitted to the team that demonstrate a sound decision while protecting the interests of Bank and SBA.  
  • 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:
  • At least 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




Berkshire 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.
  • College degree with preference for a major in Business / Accounting / Finance / Economics.
Experience: