Credit Analyst II

Androscoggin Bank; Lewiston (ME); On-site; USD 70,000 - 90,000; Full time

Benefits offered by this job

401k participation with match

Paid time off

Tuition and education reimbursement

Paid parental leave

Paid volunteer time

Job summary

Androscoggin Bank in Lewiston, Maine, seeks an experienced Commercial Credit Analyst II. In this role, you will independently analyze financial statements, assess credit risk, and guide less experienced analysts while ensuring compliance with banking regulations.

This position demands strong analytical and communication skills, with a focus on developing relationships within the Commercial Lending Team. Enjoy excellent benefits including 401k matching, paid time off, and opportunities for professional development.

Qualifications

• Bachelor's degree or 3-5 years related experience in finance.
• Proven knowledge of banking regulations and loan documentation.
• Three to five years as a Credit Analyst in a financial institution.

Responsibilities

• Analyze financial statements and assess credit risk.
• Provide guidance to less experienced analysts.
• Participate in borrower meetings and support the Credit Department.

Skills

Analytical abilities

Accounting principles knowledge

Consultative relationships

Proficiency in Excel

Written and verbal communication

Education

Bachelor's degree in finance or related field

3-5 years related experience

Tools

Excel

Word processing software

Database management software

Job description

Androscoggin Bank, a values driven, mutual savings bank based in Lewiston, Maine, has an opening for an experienced Commercial Credit Analyst II to join our team. Our culture is one where we work collaboratively with clients and business partners to answer questions and assist in arriving at the most effective and efficient resolution to reasonably comply with regulatory requirements and do what is right for the client. The difference here is the great team you will work with and the ability to work in a local business with local decision making-where employees and clients come first!

The Commercial Credit Analyst II works independently to complete complex, objective high quality credit analyses to facilitate sound commercial credit underwriting and the assessment of the quality of the commercial loan portfolio.

Essential Duties and Responsibilities

1. Independently analyze financial statements, collateral analysis, debt repayment and real estate matrixes that are used to prepare spreads, cash flows and written credit analyses on more complex prospective and existing commercial borrowers. Quantifies credit risk by recommending an appropriate risk rating. Responsible for deals that have a high degree of complexity. Ability to research industry trends and risks. Provides guidance for line lending personnel by recommending loan structure and identifying policy/regulatory exceptions and offering solutions. Ability to draw accurate and realistic conclusions and making timely decisions based upon available information.

2. Performs annual analyses of large borrowers to determine appropriateness of the current risk rating based in part on financial trends, cash flow, adherence to covenants and collateral adequacy.

3. Provides leadership and guidance to less experienced analysts and/or new hires.

4. Meets with new Commercial Lending Team members to educate them on the underwriting process and requirements at AB.

5. Familiarity of various Agency loans and ability to recognize a loan structure and/or borrower who would benefit from Agency involvement.

6. Orders appropriate appraisal and/or evaluation reports, when necessary.

7. Participate in borrower meetings, make direct inquiries for borrower information.

8. Works independently with limited supervision and produces narrative reports that will have limited review. Makes recommendations to improve processes or guidelines in the Credit area.

9. Supports the Credit Department on projects as necessary.

10. Participate or lead in major department projects and take an active role in driving quality improvements, processes, and initiatives. May be assigned technical or in-depth projects that require a high degree of knowledge, judgment and experience.

11. Attend weekly Management Credit Committee meetings and confidently discuss their analysis of the proposed financing specifically strengths and weaknesses of the request or relationship as needed.

12. Complies with all banking related laws and regulations communicated to the employee through training and/or written correspondence and those requirements reflected in the Bank's policies and procedures applicable to the employee's duties and/or areas of responsibility. Protects all customer information and institution assets and complies with privacy and acceptable use policies.

13. Other related duties as assigned by Credit Manager.

Qualifications

Education and/or Experience

Bachelor's degree (B.A. or B.S.) from four-year college or university; or 3-5 years related experience and/or training; or equivalent combination of education and experience.

Other Qualifications

• Proven working knowledge of accounting principles, commercial loan documentation, banking regulations and computer applications.
• 3-5 years of experience working as a Credit Analyst in a financial institution.
• Ability to work independently and develop consultative relationships with Commercial Lending Team.
• Proficiency with multiple computer applications, specifically word processing, spreadsheet and database management software.
• Ability to build analytic models in Excel to look at key portfolio indicators would be an advantage.
• Proven ability to meet deadlines and complete work in a timely manner.
• Proven analytical abilities to analyze data and suggest recommendations.
• Must have good writing and verbal communication skills.
• Ability to work with all levels of Bank personnel.

This position carries great benefits, including paid time off, holiday pay, 401k participation with a generous match (we put money in your 401k even if you don't!), and access to Androscoggin Bank's full insurance benefit package (medical, dental, vision, life, and disability). Androscoggin Bank offers paid parental leave to our employees, which grants new mothers and fathers six weeks of full pay! We also provide paid volunteer time to all employees.

Hoping you could advance your career and your education? We can help. Androscoggin Bank is committed to supporting employee development, and employee benefits include tuition and education reimbursement.

Do you wish you could be more involved and connected in your company, beyond the level of your department? Androscoggin Bank offers that to you. Project teams, committees, events, in-house education, and more. It’s an amazing place to work.

And, you get to work with some of the smartest, most dedicated, heart-felt people you will ever meet!

Androscoggin Bank is an Equal Opportunity Employer and does not discriminate on the grounds of race, color, religion, sex, sexual orientation, including gender identity and gender expression, national origin, citizenship status, age, disability, genetic information or veteran status.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.