Sr. Credit Analyst: Non-Profit Lending Specialist II (Hybrid)
First Citizens Bank · Boston, MA, US
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About the Role
This position provides essential analytical and management skills to independently and objectively evaluate the creditworthiness of current and prospective commercial borrowers, with a specific focus on not-for-profit organizations. Performs mentoring and oversight of junior credit analysts and participates in special projects to support the Nonprofit Banking team's credit and risk management functions.
Responsibilities
- Prepare timely and insightful financial analysis and credit underwriting for a diverse, highly complex and sophisticated loan portfolio of not-for-profit organizations.
- Conduct ongoing credit risk rating reviews of existing portfolio on a minimum annual basis.
- Accurately assess the financial position of not-for-profit clients to support the Bank's credit decisions on credit exposure of varying size, up to its lending limits.
- Monitor loan covenants, provide recommendations to credit and lending management on loan approvals, renewals, modifications, and risk rating changes.
- Assess and prepare criticized loan status reports.
- Assist in the preparation and responses for loan examinations.
- Stay current on banking regulations and audit, regulatory and compliance requirements.
- Perform thorough and concise pre-screening of new commercial loan requests in the not-for-profit sector.
- Create thorough and concise analyses of the risks and mitigants of pending new commercial loan requests by reviewing and analyzing borrower financial statements, real estate appraisal reports, environmental assessment reports, and fundraising pledge reports.
- Prepare sensitivity analyses, pro forma cash flows, and assessments of collateral.
- Conduct analysis of market and industry dynamics affecting the borrower.
- Prepare pre-flight concept memos.
- Prepare credit memorandum for final credit approval.
- Review approval conditions vis-a-vis loan documentations for existing loans to ensure integrity of the credit process.
- Interface with Bank's loan operations department in loan documentation, closing, and booking.
- Assist in enhancing the Bank's underwriting procedures and guidelines for nonprofit organizations.
- Participate in special projects and reporting assignments.
- Train and coach junior analysts and interns.
- Provide a daily advisory role and peer review of credit memos.
- Help manage the pipeline.
Requirements
- Strong writing skills.
- Prior accounting, financial analysis, or commercial lending credit analysis background.
- Bachelor's Degree and 6 years of experience in Commercial Lending, Financial Analysis, Credit Underwriting OR High School Diploma or GED and 10 years of experience in Commercial Lending, Financial Analysis, Credit Underwriting.
- Successful completion of a formal credit or financial analyst training program.
Skills
- Working knowledge with financial statement software such as Moody's CreditLens.
- Credit analysis of and lending to non-profit organizations.
- Underwriting
- Loan Management
- Risk Identification
- Line of Business (LOB) Products, Services & Acumen
Location
- Massachusetts
- CA
Work Type
- Hybrid
Experience Level
- 6 years of experience in Commercial Lending, Financial Analysis, Credit Underwriting
- 10 years of experience in Commercial Lending, Financial Analysis, Credit Underwriting
Education Level
- Bachelor's Degree
- High School Diploma or GED
Salary/Compensations
- Massachusetts: $120,000 - $160,000
- CA: $120,000 - $170,000
Benefits
- Competitive, thoughtfully designed, and quality benefits program.
About the Company
- First Citizens Bank is dedicated to helping clients build stronger financial futures.
- The First Citizens Wealth team provides comprehensive solutions backed by trusted expertise in banking, lending, investments, insurance, and wealth planning.
- The work powers meaningful progress for clients and communities.