Senior Commercial Credit Analyst

Skowhegan Savings Bank seeks an individual to join our Credit Administration team as a Senior Commercial Credit Analyst. This is a full-time, onsite position that is based out of our Operations Center in Skowhegan, Maine.

Position Summary:

Primarily provides financial spreading and tasks related to all types of commercial loan underwriting. Works to support loan officers. Prepares credit related reports for presentation to loan officers or committees by investigating and analyzing complex commercial credit risks. Will make recommendations regarding new deals and modifications to existing credits.

Duties and Responsibilities:

• Conducts accurate and timely credit analyses on all new commercial/Line of Credit (LOC) and LOC renewals including gathering, spreading, analyzing, and interpreting financial information, appraisals and real estate evaluations on existing and prospective customers and portfolios. Investigates discrepancies on variances on customers’ financial statements and tax returns; this may entail obtaining information from other sources such as client, CPA, financial advisors, industry data, or other public records/data.
• Prepares and delivers written credit analysis presentations to loan officers, Loan Committees and Board of Directors for use in making of lending decisions on new, renewal, and extensions of loans. Presentations will include recommended loan structure, terms, summary of transaction, history, an interpretation of the financial spreadsheets, credit report summation and conclusions.
• Responsible for annual portfolio maintenance including requesting annual financial statements for all borrowers and LOC renewals that exceed certain dollar thresholds; underwriting file updates for commercial balances that exceed those thresholds; obtaining and tracking annual financial statements and risk ratings.
• Aid in monitoring floor plans to ensure advances and pay downs are in compliance with loan covenants.
• Aids in monitoring of commercial construction projects including reviewing advance requests and tracking.
• Aid in completion of management reports including commercial portfolio concentration reports and risk summaries.
• Provide assistance and training to lower-level Commercial Credit Analysts.
• Field questions from lenders and credit staff.
• Facilitate and ensure consistent loan underwriting standards in accordance with Bank policy and regulatory requirements.
• Command knowledge and familiarity with the Bank’s Loan Underwriting and Administration guidelines and Loan Policy.
• Assumes additional responsibilities as assigned.

Education and Experience:

• Bachelor’s degree or equivalent work experience in business administration, finance, accounting and/or economics.
• 5-7 years of experience and/or training; preferred emphasis in Banking/Commercial Credit Analysis.
• Attendance at a commercial credit training program and/or credit underwriting classes desired.
• A combination of education and experience may meet qualifications.

Skills and Abilities:

• General accounting principles and concepts.
• Spreading and analyzing historical, budget, and projected financials.
• Identifying borrower credit, industry, and market risks.
• Identifying and analyzing sources of repayment and collateral.
• Preparing sensitivity analysis and financial covenant models.
• Monitoring and verifying customer borrowing base reports.
• Standard loan documentation components.
• Strong and effective communication skills, both oral and written.
• Strong analytic and critical thinking skills.
• Excellent organizational skills and attention to detail.
• Proficient computer skills.
• Ability to handle multiple projects and meet deadlines.

Working Conditions:

• General office environment
• Physical surroundings are generally pleasant and comfortable
• Moderate lifting (to 35 lbs.) required.
• Moderate reaching, walking, sitting, and standing required.