Credit Analyst I

About the role

Androscoggin Bank, a values-driven, mutual savings bank based in Lewiston, Maine, seeks a Credit Analyst I to join its team. The role involves providing analytical support by preparing comprehensive financial credit underwriting on new loan requests and continuously assessing the commercial loan portfolio. The ideal candidate will work collaboratively with clients and business partners, contributing to the Bank's mission of compliance and ethical decision-making.

Responsibilities

• Develops the required skills to objectively analyze financial statements, collateral analysis, debt repayment, and real estate matrixes to prepare spreads, cash flows, and written credit analyses on prospective and existing commercial borrowers.
• Quantifies credit risk by recommending an appropriate risk rating.
• Continually develops knowledge of proper loan structure, loan policy/regulatory exceptions, and offers solutions while considering industry considerations impacting the Bank’s borrowers.
• Works with guidance from the Credit Manager, Credit Analyst II, and/or Credit Analyst III as needed.
• Prepares analysis for business and government services relating to municipality lending and portfolio monitoring.
• Aids in the preparation of the quarterly classified/watch reports on commercial loan relationships as deemed appropriate by the Managed Assets Officer.
• Develops skills in recognizing the appropriateness of assigned risk rating, accrual status, and loan loss reserve, as well as recognizing and measuring loan impairment.
• Performs annual analyses of large borrowers to determine the appropriateness of the current risk rating based on financial trends, cash flow, covenant adherence, and collateral adequacy.
• Develops the ability to read, understand, and interpret appraisal reports.
• Attends weekly Management Credit Committee meetings and becomes comfortable discussing the analysis of proposed financing, focusing on strengths and weaknesses of the request or relationship as needed.
• Supports the Credit Department on projects as necessary.
• Complies with all banking-related laws and regulations communicated through training and/or written correspondence, as well as 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.
• Performs other related duties as assigned by the Manager.

Qualifications

• Education and/or Experience: Bachelor's degree (B.A. or B.S.) from four-year college or university; or 1-2 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. 1-2 years of experience working as a Credit Analyst in a financial institution. Ability to work independently with limited supervision and develop consultative relationships with Commercial Lenders. Proficiency with multiple computer applications, specifically word processing, spreadsheet, and database management software. 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.

Benefits

• Paid time off
• Holiday pay
• 401k participation with a generous match (Androscoggin Bank contributes to your 401k even if you don't!)
• Access to Androscoggin Bank's full insurance benefit package (medical, dental, vision, life, and disability)
• Paid parental leave (six weeks of full pay for new mothers and fathers)
• Paid volunteer time for all employees
• Tuition and education reimbursement
• Opportunities for professional development and engagement within the company
• Equal Opportunity Employer commitment