The Origination Analyst is responsible for reviewing prospective opportunities brought to the Bank by the Loan Officers and assisting the Loan Officer in various aspects of the loan life cycle including the progression of the Loan through approval and closing. The Origination Analyst gathers and analyzes credit information on current and prospective borrowers to monitor ongoing performance and evaluate the creditworthiness of prospective loan opportunities.
ESSENTIAL FUNCTIONS:
- Assist the Loan Officer in various phases of the loan life cycle (from application to post-closing) which may include:
- Compiling necessary information needed to evaluate loan opportunities accurately.
- Evaluating and presenting commercial loan opportunities to the Loan Officers.
- Drafting commercial loan proposals.
- Communicating with the borrower and Bank staff throughout the loan process.
- Working with the loan closing team and the Bank’s attorney to close the loan.
- Maintaining accurate document management records of clients and managing the process to request, collect, and store client documents.
- Updating relevant reports within Salesforce
- Reviewing completed Loan Presentation
- Reviewing and processing advance requests
- Monitor and track borrower performance for identified relationships
- Perform market, industry, and economic analyses to identify trends and variances.
- Collaborate with a team of commercial loan analysts and ensure accurate analysis is performed on new and existing loan data
- Maintain accurate department records and other duties as assigned by supervisor.
- Assist in various special projects as assigned.
- 2+ years of experience underwriting commercial loans preferred
- Bachelor’s degree in business, finance, or accounting preferred
- Strong analytical, technical, and statistical skills
- Ability to multitask, prioritize, and manage time efficiently.
- Good communication and organizational skills
- Ability to work independently as well as in collaboration with a team
- Sound knowledge of credit risk, accounting principles, financial statements, and tax returns.
- Understanding of the banking industry and the regulatory requirements associated with it
- Proficient in Microsoft Excel, Microsoft PowerPoint, and Microsoft Word
Skills Required
- 2+ years of experience underwriting commercial loans
- Bachelor's degree in business, finance, or accounting
- Strong analytical, technical, and statistical skills
- Good communication and organizational skills
- Sound knowledge of credit risk and accounting principles
What We Do
Since 1960, Northern Bank has been the banking partner of choice for businesses and consumers throughout New England. We take an entrepreneurial, commonsense approach to providing a complete line of banking solutions. We are deeply invested in the communities we serve and passionately committed to helping you, our customers, grow. Thanks to the unwavering dedication of our team and the loyalty of our customers, we have been named the #1 performing Community Bank in New England for seven straight years and #1 in the United States in 2015. Northern Bank provides businesses and individuals with deposit and cash management services, commercial and franchise financing, residential mortgages, and wealth management services. We currently operate 12 branches in the Greater Boston market. For more information, contact us at 800-273-6908 or visit www.nbtc.com. Member FDIC | Equal Housing Lender. http://facebook.com/northernbankma http://twitter.com/northernbankma Social Media Guidelines: https://www.nbtc.com/customer-service/FAQs/what-are-our-social-media-guidelines-610
