Commercial Loan Credit Analyst

Finance Authority of Maine•Augusta, ME

1d•Hybrid

About The Position

FAME is looking to add an experienced Commercial Loan Credit Analyst with 3-5 years of relevant expertise to our Credit Team. The Commercial Credit Analyst will be responsible for conducting thorough financial analyses on commercial product loans of diverse complexity and scale. The ideal candidate will be a skilled analyst with commercial loan underwriting experience. This role will provide underwriting support for our commercial programs in accordance with loan policy and risk rating functions. Identifying risk, reviewing requests for exceptions and evaluating loan structure are all components of this role. The Credit Analyst is responsible for providing timely and accurate analysis of financial statements on commercial loans participating in FAME’s commercial lending products. This role analyzes all aspects of credit, prepares reports on findings and makes recommendations on decision and structure. The analyst is responsible for timely and up-to-date documentation in all loan files and systems. The person in this role must have the ability to make interpretive analyses of financial statements and supporting documentation on new and existing commercial loans; prepare appropriate documentation to assist in the loan decision-making process. You will be required to review and analyze updated financial statements and supporting documentation on existing loans on at least an annual basis and make recommendations as appropriate regarding loan status and risk rating guidelines.

Requirements

Minimum four-year degree in related field (or an appropriate combination of education and work experience).
Three (3) to Five (5) years related work experience in commercial loan lending.
Knowledge of credit and lending criteria and loan operations.
Knowledge of accounting principles.
Ability to communicate effectively, both oral and written.
Extensive knowledge of Excel is required; must also have Microsoft Word skills.

Nice To Haves

Commercial loan underwriting experience.

Responsibilities

Conducting thorough financial analyses on commercial product loans of diverse complexity and scale.
Providing underwriting support for commercial programs in accordance with loan policy and risk rating functions.
Identifying risk, reviewing requests for exceptions and evaluating loan structure.
Providing timely and accurate analysis of financial statements on commercial loans participating in FAME’s commercial lending products.
Analyzing all aspects of credit, preparing reports on findings and making recommendations on decision and structure.
Ensuring timely and up-to-date documentation in all loan files and systems.
Making interpretive analyses of financial statements and supporting documentation on new and existing commercial loans.
Preparing appropriate documentation to assist in the loan decision-making process.
Reviewing and analyzing updated financial statements and supporting documentation on existing loans on at least an annual basis.
Making recommendations as appropriate regarding loan status and risk rating guidelines.