We are seeking a Commercial Credit Analyst!
This Jobot Job is hosted by: Meredith Fine
Are you a fit? Easy Apply now by clicking the "Apply Now" button and sending us your resume.
Salary: $55,000 - $65,000
A bit about us:
Voted as one of the Best Places to Work in 2016, 2017, 2018, and 2019, we are one of the largest credit unions in Maine, with over $300MM in assets and serving over 24,000 members throughout Southern Maine. We proudly serve all the banking needs of individuals, families and local businesses. As a local credit union, we get to really know our members and care about their financial well-being. We also continually strive to enrich the many communities we serve.
Why join us?
We have served all of Cumberland and York Counties for over 65 years. We have been successful thanks in large part to the personal and caring service offered by our employees. We are proud that so many employees have been with us for over 10 years. We aspire to treat our employees as well as they treat our members. We look for employees who are dedicated to hard work, excellent service, and the community.
Health, Dental, and Vision insurance
Long-Term and Short-Term disability insurance
401 (k) plan with company match
Generous paid time off and holidays
The Commercial Credit Analyst provides the following roles towards assisting the credit union in achieving its mission and goals with the commercial lending department:
Perform due diligence on existing and prospective borrowers to inform credit decisions.
Assist commercial lenders by preparing financial analyses and related narratives on loan requests.
Assess the strengths and weaknesses of credit relationships towards assigning accurate risk ratings.
Assist with loan reviews and credit line renewals towards maintaining credit quality with the loan portfolio.
Assist with the intake on loan requests towards obtaining complete application packages.
Understand credit union policies and procedures towards meeting organizational objectives.
Identify signs of potential concern with prospective and existing borrowers.
Essential Functions & Responsibilities:
E 60% Credit Analysis: Analyze financial statements along with collateral records. Determine key lending ratios such as debt service coverage and loan-to-value indicators. Summarize risks and mitigants, relative to the size and complexity of the transaction, as narratives for lending presentations. Recommend loan structures when appropriate. Research industry data from various sources. File loan documents with appropriate agencies or partnering lenders. Learn the credit union's commercial underwriting software platform. Perform loan reviews as assigned. Assist with the renewal or modification of credit lines and maturing loans.
E 15% Lending Support Duties: Evaluate loan requests submitted and information needed for determination of risk with which to make credit decisions. May join lenders on customer calls or site visits to better understand the transaction. Maintain organized and up-to-date credit and legal files on commercial relationships.
E 15% Policy/Regulatory: Learn and apply the credit union commercial loan policies and procedures, as well as maintaining awareness of all relevant regulations and their impact on risk management. Participate in improving lending practices for the credit union.
E 10% Other duties or special projects as assigned by management.
Knowledge and Skills:
Experience: Three or more years of processional work experience. Two or more years of direct experience in a commercial banking credit environment preferred.
Education: (1) A two or four year college degree with emphasis in business, economics, finance, or accounting or (2) Completion of a specialized course of study at a business or trade school or (3) Completion of a specialized and extensive in-house training or apprenticeship program.
Interpersonal Skills: A significant level of trust and diplomacy is required, in addition to normal courtesy and tact. Work involves extensive personal contact with others and/or is usually of a personal or sensitive nature.
Other Skills: Must have experience in analyzing business financial statements and assessing the viability of businesses; familiarity with general commercial lending policies; strong communication skills; ability to use related software required; ability to multi-task.
Physical Requirements: Must possess sufficient manual dexterity to skillfully operate office equipment including but not limited to the scanner, a computer, photocopier and telephone. Reasonable accommodations may be made to enable individuals with disables to perform the essential functions.
While performing the duties of this job, the employee is occasionally required to stand; walk, sit; use hand to finger, handle or feel objects; reach with hands and arms; balance; stoop; kneel, crawl or crouch; talk or hear. The employee may occasionally lift up to 20 pounds.
Specific vision abilities are required by the job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.
Interested in hearing more? Easy Apply now by clicking the "Apply Now" button.
Posting ID: 566617331Posted: 2020-08-09