Credit Analyst I

Saco & Biddeford Savings Institution•Saco, ME

41d

About The Position

Performs analysis of the financial condition of individuals and businesses for the Bank’s prospective and existing commercial lending relationships. The analysis includes financial statement spreads, business and personal cash flow analysis, collateral adequacy, guarantor assessment, rental real estate and business cash flow, review of credit reports, and appropriate risk ratings. The role underwrites and prepares formal analyses for commercial loan requests, renewals, amendments, and extensions presented to the Bank’s Loan Committee. It supports commercial loan officers and the loan review department, contributes to risk management of the business loan portfolio, and provides professional service to internal and external customers. The position requires compliance with applicable banking regulations and Bank policies and procedures. The work is generally performed in comfortable indoor surroundings, with regular computer and office-equipment use. The employee is normally seated but has freedom of movement on a regular basis. Travel to all Bank locations is required. Local presence in the communities served and a desire to build local relationships are highly preferred. Duties may be performed with reasonable accommodation as determined by management.

Requirements

Minimum of 1–2 years’ experience in commercial credit analysis, business and personal tax return analysis, and financial statement analysis software.
Basic understanding of the lending process and familiarity with loan products.
Good written and verbal communication skills.
Experience with Microsoft Office Suite.
Ability to deliver quality work during periods of increased volume.
Ability to work independently and organize and prioritize workload.
Commitment to ongoing learning.
Ability to work harmoniously, professionally, cordially, and effectively with others, with a commitment to teamwork and Bank goals and objectives.
Knowledge of and compliance with federal and state banking regulations and Bank policies and procedures.
Ability to read and see documents and computer screens, communicate in person and by telephone, and use a computer and other office equipment.
Dependability and conformance to punctuality and attendance standards.
Ability to travel to all Bank locations.

Nice To Haves

Four-year degree with an emphasis in accounting, finance, or business administration.
Local presence within the communities served and a genuine desire to build local relationships, understand neighbors’ needs, and make a meaningful local impact.

Responsibilities

Underwrite and prepare formal analyses for commercial loan requests, renewals, amendments, and extensions presented to the Bank’s Loan Committee.
Organize and prepare spreadsheets and analytical information, and write narrative summaries of borrowers’ and guarantors’ creditworthiness.
Identify credit risks and available mitigating factors to minimize risk to the Bank.
Conduct credit inquiries, including reviewing credit reports and trade inquiries, and analyze and summarize findings.
Assess compliance with regulatory guidelines and identify exceptions to loan policy.
Support risk management of the business loan portfolio by performing annual renewal and review analyses on existing loans and other analyses as required.
Provide technical support and assistance to Commercial Loan Officers as needed.
Provide support to the loan review department as needed.
Provide professional, courteous, and efficient service to internal and external customers.
Comply with federal and state banking regulations and Bank and department policies and procedures.
Attend required meetings and training.
Serve on committees as assigned.
Travel to all Bank locations.
Perform other miscellaneous duties or special tasks as required or assigned.