What are the responsibilities and job description for the Commercial Credit Analyst position at Maine Community Bank?
Job Type
Full-time
Description
Department : Credit
Reports to : Commercial Credit Team Lead
FSLA : Exempt
Last Modified : December 2024
Job Summary :
The Commercial Credit Analyst I will assist and support the Commercial Banking team by compiling and analyzing financial statements, business plans, credit reports and other relevant information of various business entities and individuals to determine the degree of risk involved in less complex requested or existing extensions of credit. The position will prepare clear and concise reports using a variety of analytical tools for use in decision-making by Lending Officers, Bank Management, Loan Committees and the Board of Directors. The position will be responsible for providing the highest level of Customer Service and will adhere to the Bank's Core Values and Service Standards.
Essential Functions :
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
- Prepare reports that assess the degree of risk involved in extending credit or lending money.
- Evaluate customer records and loan structures and risk ratings based on earnings, balance sheet strength, payment history, management quality, guarantor strength and quality of collateral.
- Complete less complex Loan Presentations, Annual Reviews, and Modifications of Loan Terms, including credit analyses and risk rating recommendations for submission to appropriate authority for approval.
- Understand and interpret Bank Regulations and Bank Policies to aid in compliance with and / or identification of exceptions.
- Assists in generating Reports to be used by Management, Senior Management and the Board of Directors.
- Assists in preparing and assembling Loan Committee and Board Committee Packages.
Essential Functions (cont.) :
Skills, Experience, and Training Required :
Physical Requirements and Working Conditions :
