Credit Analyst I

Androscoggin Bank, a values driven, mutual savings bank based in Lewiston, Maine, has an opening for a Credit Analyst I 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! (Hybrid eligible)

The Credit Analyst I provides analytical support by preparing objective and comprehensive financial credit underwriting on new loan requests as well as continuous assessment of the commercial loan portfolio. 

Essential Duties and Responsibilities:

1. Develops the required skills to objectively analyze financial statements, collateral analysis, debt repayment and real estate matrixes that are used 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 identifying proper loan structure, identifying loan policy/regulatory exceptions and the ability to offer solutions as well as industry considerations impacting the Bank’s borrowers. Will work with guidance of the Credit Manager, Credit Analyst II and/or Credit Analyst III where needed.

2. Prepares analysis for business and government services as it relates to municipality lending and portfolio monitoring.

3. Assists with the preparation of the quarterly classified/watch reports on commercial loan relationships as deemed appropriate by the Managed Assets Officer.

4. Develop skill of recognizing the appropriateness of assigned risk rating, accrual status and loan loss reserve as well as recognition and measurement of loan impairment.

5. 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.

6. Develop skill of reading, understanding and interpreting appraisal reports.

7. Attend weekly Management Credit Committee meetings and become comfortable discussing their analysis of the proposed financing specifically strengths and weaknesses of the request or relationship as needed.

8. Supports the Credit Department on projects as necessary.

9. 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.

10. Other related duties as assigned by 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

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.

This position has an intended hiring range of $60,000-$65,000 a year depending on skills, experience, and other qualifications.