Credit Analyst: Non-Profit Lending Specialist I
First Citizens Bank, Boston, MA, United States
Overview
This is a hybrid role with the expectation that time working will regularly take place inside and outside of a company office. This position provides essential analytical analysis support to efficiently evaluate the creditworthiness of current and prospective commercial borrowers, with specific focus on not for profit organizations. Also performs various administrative duties to support the Bank's ongoing credit and risk management functions. Strong writing skills and prior accounting, financial analysis or commercial lending credit analysis background are required. Good organizational skills and ability to multi‑task are essential.
Responsibilities
Prepare timely and insightful financial analysis and credit underwriting for a diverse, highly complex loan portfolio of not-for-profit organizations. Conduct ongoing credit risk rating reviews on a minimum annual basis. Accurately assess the financial position of clients to support credit decisions including loan exposure of varying sizes, up to its lending limits. Monitor loan covenants, recommend credit actions, and maintain or change risk ratings.
Perform thorough pre‑screening of new commercial loan requests in the not‑for‑profit sector. Review and analyze prospective borrowers' financial statements, tax returns, appraisal reports, and other repayment documents. Prepare sensitivity analyses, pro‑forma cash flows, and collateral assessments. Analyze market and industry dynamics affecting the borrower.
Support loan closing and post‑approval documentation. Review approval conditions against loan documentations and coordinate with the loan operations department for loan booking.
Stay current on banking regulations, audit, regulatory and compliance requirements.
Qualifications • Bachelor’s Degree and 4 years of experience in Commercial Lending, Financial Analysis, Credit Underwriting OR High School Diploma or GED and 8 years of experience in Commercial Lending, Financial Analysis, Credit Underwriting. • Preferred experience lending to non‑profit organizations. Successful completion of a formal credit or financial analyst training program. • Working knowledge with financial statement software such as Moody’s CreditLens.
The base pay for this position is generally between $95,000 and $125,000. Actual starting base pay will be determined based on skills, experience, location, and other non‑discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.
Benefits Benefits are an integral part of total rewards, and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates.
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Responsibilities
Prepare timely and insightful financial analysis and credit underwriting for a diverse, highly complex loan portfolio of not-for-profit organizations. Conduct ongoing credit risk rating reviews on a minimum annual basis. Accurately assess the financial position of clients to support credit decisions including loan exposure of varying sizes, up to its lending limits. Monitor loan covenants, recommend credit actions, and maintain or change risk ratings.
Perform thorough pre‑screening of new commercial loan requests in the not‑for‑profit sector. Review and analyze prospective borrowers' financial statements, tax returns, appraisal reports, and other repayment documents. Prepare sensitivity analyses, pro‑forma cash flows, and collateral assessments. Analyze market and industry dynamics affecting the borrower.
Support loan closing and post‑approval documentation. Review approval conditions against loan documentations and coordinate with the loan operations department for loan booking.
Stay current on banking regulations, audit, regulatory and compliance requirements.
Qualifications • Bachelor’s Degree and 4 years of experience in Commercial Lending, Financial Analysis, Credit Underwriting OR High School Diploma or GED and 8 years of experience in Commercial Lending, Financial Analysis, Credit Underwriting. • Preferred experience lending to non‑profit organizations. Successful completion of a formal credit or financial analyst training program. • Working knowledge with financial statement software such as Moody’s CreditLens.
The base pay for this position is generally between $95,000 and $125,000. Actual starting base pay will be determined based on skills, experience, location, and other non‑discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.
Benefits Benefits are an integral part of total rewards, and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates.
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