Senior Commercial Credit Analyst at Maine Community Bank

Gorham, Maine, United States -

Full Time

Start Date

Immediate

Expiry Date

13 May, 26

Salary

0.0

Posted On

12 Feb, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Credit Analysis, Financial Statements, Risk Assessment, Loan Structuring, Bank Regulations, Communication Skills, Customer Service, Analytical Tools, Report Preparation, Compliance, Loan Presentations, Business Plans, Credit Reports, Management Quality, Collateral Evaluation, Financial Analysis

Industry

Banking

Description

Description Department: Commercial Credit Reports to: Commercial Credit Team Lead Commercial Credit Dept Manager FLSA: Exempt Last Modified: 12.31.24 Job Summary: The Senior Credit Analyst will assist and support the Commercial Banking team by compiling and analyzing financial statements, business plans, credit reports and other relevant information of various business entities and individuals to determine the degree of risk involved in requested or existing extensions of credit, including highly complex transactions. The position will independently prepare clear and concise reports using a variety of analytical tools for use in decision-making by Commercial Banking Officers, senior management, Loan committees and the Board of Directors. Essential Functions: Independently analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money. Prepare reports that assess the degree of risk involved in extending credit or lending money including more complex business borrowers and commercial real estate transactions. Evaluate customer records and loan structures and risk ratings based on earnings, balance sheet strength, payment history, management quality, guarantor strength and quality of collateral. Complete loan presentations, annual reviews, status reports, and modifications of loan terms, including credit analyses and risk rating recommendations for submission to appropriate authority for approval for transactions of varying complexity. Understand and interpret bank regulations and policies to aid in compliance with and/or identification of exceptions. Assists in generating Reports to be used by management, senior management and the Board of Directors. Assists in preparing and assembling Loan Committee and Board packages. Documents Loan Committee meeting minutes, as needed. Provides the highest level of customer service, adheres to the Bank’s Core Values, and Service Promise. Performs other duties as assigned. Education, Skills, and Experience Required: Bachelor’s Degree preferably with concentration in Accounting, Economics, Finance or Business Administration and three or more years of prior experience in commercial credit; or an equivalent combination of education and experience. Commercial Banking Certificate Courses in areas of Cash Flow Analysis, Financial Statement Analysis, Commercial Loan Structuring and/or Appraisal & Evaluation Development & Review offered through Risk Management Association, Center for Financial Training, American Bankers Association, and New England School of Banking are preferred. Superior knowledge of Banking Regulations including but not limited to Appraisal Requirements, Community Reinvestment Act, Fair Lending, Flood Insurance Requirements, Home Mortgage Disclosure Act and Truth in Lending. Excellent written and oral communication skills with the ability to engage in successful analytical conversation and accurately and precisely document analysis and recommendations. Proficiency in MSWord, PowerPoint, and Excel; ability to learn Bank technology. Outstanding internal and external customer focus. Physical Requirements and Working Conditions: Prolonged periods working at a computer. Handling of light materials and supplies (up to 15 pounds) on occasion. Workspaces are generally comfortable and pleasant. Periodic travel may be required.

Responsibilities

The Senior Credit Analyst will analyze credit data and financial statements to assess risk in extending credit. They will prepare reports for decision-making by Commercial Banking Officers and senior management.