AVP, Credit Officer - #256211

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Summary

The AVP, Commercial Credit Officer is responsible for evaluating credit risk and deal structures for commercial and industrial clients, as well as commercial real estate customers. This role involves conducting a comprehensive analysis of all credit aspects, including preparing financial industry projections and performance assessments in accordance with established bank polices, strategies, and procedures for new loan requests, renewals, and annual reviews. Additionally, the Credit Officer reviews standard loan documentation to ensure compliance with approval terms.

What You'll Do

Underwriting Credit Requests

• Responsible for preparing the Credit Approval Memoranda (“CAM”) for presentation to the appropriate Loan Approval hierarchy.
• Spread and analyze Borrowers’ and Guarantors’ financials statements. CAM must properly assess cash flow, capacity, collateral and all major risks associated with the Bank lending to these customers.
• Coordinate and incorporate 3rd party reports into the credit analysis.
• Review and address credit approval conditions and covenants.
  
  

Interact with Lending Officers to Complete Credit Request

• The Commercial Credit Officer is the senior analyst of the underwriting team and will be working on more complex and larger loan requests. This will involve a great deal of interaction with the lending officers occasionally attending joint calls to gather the necessary information.
• The senior credit analyst should be knowledgeable and comfortable to give direction on structuring of credit proposals to protect the Bank.
  
  

Assist Teammates

• Assist junior analysts with any questions that they may have regarding underwriting credit requests which would include structure, financial analysis including cash flow and specific industry particulars.
  
  

Other Duties

• Conduct periodic portfolio reviews and credit & legal file audits.
• Compliance covenant testing and follow for financial reporting requirements.
• Assists with special projects or other duties as assigned.
  
  

Qualifications

• BS in business related field and 5+ years of specific work experience.
• Solid experience in financial analysis, structuring, underwriting and portfolio management, strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring.
• Oral Communication: Speaks clearly and persuasively in positive or negative situations. Listens and gets classification; Demonstrates group presentation skills; Participates in meetings.
• Written Communication: Writes clearly and informatively; Edits work for spelling and grammar; Varies writing style to meet needs; Presents numerical data effectively; Able to read and interpret written information.
• Ethics: Treats people with respect; Keeps commitments; Works with integrity and ethically
• Strong technical and analytical skills
• Effective written and verbal communication skills
• Thorough knowledge of credit policy, procedures, regulation and applicable law
• Computer Skills: Proficiency in Microsoft Office Suite, with intermediate Excel and Power BI skills, preferred.
  
  

Compensation

Offers will be determined based on job-related knowledge, skills, experience, and location.

Benefits

At HarborOne, we value our employees and are committed to supporting their well-being both inside and outside of work. Our comprehensive benefits package is designed to help you thrive personally and professionally. Depending on your role, you may be eligible for:

• Paid vacation and sick time to support work-life balance
• Medical, Dental, and Vision insurance for you and your family
• Health Reimbursement Account (HRA) and Health Savings Account (HSA) options
• Healthcare Flexible Spending plans to cover medical expenses
• 401(k) plan with company contributions to help you save for the future
• Employee Stock Ownership Plan (ESOP) to invest in the company’s success
• Dependent Care Flexible Spending with a company contribution to support you and your family’s needs
• Company-paid Basic Life and Disability Insurance for added peace of mind
• Tuition reimbursement and tuition assistance programs to support your educational and career growth
  
  

Join HarborOne and take advantage of a benefits package that helps you achieve your personal and professional goals while making a difference in the communities we serve.

Who We Are

For over a century, HarborOne has remained steadfast in its mission: total commitment to our customers, our communities, and our colleagues. Founded in 1917 to meet the evolving financial needs of local communities, we continue to honor that legacy by empowering and strengthening the neighborhoods where our customers and employees live and work.

With 30 branches across southeastern Massachusetts and Rhode Island, along with two commercial lending offices in Boston and Providence, HarborOne is dedicated to providing exceptional banking services and building lasting relationships. Our corporate values—accountability, integrity, respect, trust, and teamwork—are at the heart of everything we do. They guide how we manage our business and ensure we consistently deliver value to our customers.

At HarborOne, we believe in the power of opportunity. We offer our employees a fulfilling career with endless potential to learn, grow, and make a meaningful impact. More than just a workplace, we are a community dedicated to making a positive difference in the lives of those we serve.

We are an equal opportunity employer. Applicants and employees are considered for positions and are evaluated without regard to mental or physical disability, race, color, religion, gender, national origin, age, genetic information, military or veteran status, sexual orientation, marital status or any other protected Federal, State or Local status unrelated to the performance of the work involved.

If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process or are limited in the ability or unable to access or use this online application process and need an alternative method for applying, you may contact 800-244-7592 for assistance.

HarborOne Bank does not accept unsolicited resumes from recruiting agencies in response to job postings. No fee will be paid to third parties who submit unsolicited candidates directly to our hiring managers or People Team.