Commercial Credit Analyst

Description POSITION SUMMARY This position will be responsible for assisting with the analysis of financial statements on all commercial and commercial real estate loans; for assisting in the Bank's loan review and rating functions; for ensuring complete, timely and up-to-date documentation in all commercial and commercial real estate loan files; supporting the Bank’s residential appraisal and evaluation process for commercial loan requests; to ensure the reports are regulatorily compliant; and to meet the Bank’s credit standards for conducting appraisal reviews and related file maintenance, and for supporting Bank products and services. KEY RESPONSIBILITIES Financial analysis: Spread and assist in the interpretive analyses of financial statements and supporting documentation on new commercial and commercial real estate loans; prepare appropriate documentation to assist in the loan decision-making process. Review and analyze updated financial statements and supporting documentation on existing commercial and commercial real estate loans on at least an annual basis; prepare appropriate reports for the Senior Commercial Credit Officer, Loan Officers and Loan Committee. Discuss any perceived credit weaknesses or potential credit problems with the Loan Officers, Credit Analyst, Senior Commercial Credit Officer or members of Internal Loan Committee; make recommendations as appropriate. Prepare reports as necessary for the Internal Loan Committee, Loan Review Committee and Board of Directors. Remain abreast of current legal, regulatory and other issues affecting credit administration. Comply with all Federal and State banking and accounting regulations and all Bank and department policies and procedures. Meet or exceed established objectives and standards for the Associate Credit & Appraisal Analyst performance. Credit review: Be very familiar with the Bank’s loan policy and be able to identify any exceptions to the policy. Review existing commercial and commercial real estate loans and prepare/update a loan rating/grading report as needed. Credit file maintenance: Review all new commercial and commercial real estate loan files and ensure that the appropriate information is in place to support the loan decision and ongoing risk rating; follow-up with the Senior Commercial Credit Officer, Senior Commercial Banking Officer or Chief Loan Officer as necessary to obtain required documentation on new loans. Identity and report trends in the underwriting process to the Senior Commercial Credit Officer. Review and analyze residential appraisal reports: Order and review residential appraisals as necessary to support commercial lending activities. This individual will work with Loan Processing, Operations, Administration and Loan Officers. The Associate shall analyze appraisals and evaluations prepared by external appraisers, Bank employees, appraisal management companies, and qualified third parties on residential real estate valuations for credibility, reasonableness, and compliance with the Uniform Standards of Professional Appraisal Practice (USPAP), government, and Bank policy requirements. Further, under the oversite of the Senior Credit & Appraisal Analyst, this individual will support the review process for appraisals and evaluations of commercial properties prepared by external appraisers, Bank employees or qualified third parties. The reviews will consider credibility, reasonableness and compliance with the Uniform Standards of Professional Appraisal Practice (USPAP), government, and Bank policy requirements. Identify, analyze and report deficiencies in the valuation product under review that are material and may impact the completeness, adequacy, relevance, and credibility of the appraisal or evaluation report. Refer problems or unusual circumstances to the Senior Credit & Appraisal Analyst or Senior Commercial Credit Officer. Must be impartial, objective, and independent of the lending process. Work with appraisers, qualified third parties, and employees to correct any deficiencies or issues identified during the appraisal/evaluation review process, within prescribed timeframes. Develop strong and effective working relationships with appraisers, vendors, and co-workers. Maintain accurate files: Responsible for maintaining a systematic, organized documentation program for the filing, and maintenance of internal and external appraisal and evaluation reviews and other documentation related to the appraisal and evaluation review process. Monitor appraiser performance and make written recommendations for additions and removals from the Bank’s Approved Appraiser List to the Bank’s Senior Credit & Appraisal Analyst and Senior Commercial Credit Officer. Process oversight / Regulatory Compliance: Ensure that written appraisal procedures, forms, and appraisal files are complete and up to date as appropriate. Develop and recommend to the Senior Credit & Appraisal Analyst and Senior Commercial Credit Officer changes to credit policies and procedures to enhance the Bank’s overall credit quality, improve efficiencies and accuracy; implement as directed. Coordinate with the Bank’s Senior Credit & Appraisal Analyst as needed to ensure consistency and compliance with any and all Bank policies, procedures, and regulatory requirements. Subject Matter Expert: Work closely with the Bank’s Senior Credit & Appraisal Analyst to become a subject matter expert for the residential appraisal and evaluation process for the commercial banking teams and related staff. Successfully complete required appraisal training courses provided by The Appraisal Institute or other qualified appraisal organization. Participate in industry trade group meetings (as appropriate), and educational programs to remain abreast of current issues and facilitate the expansion of knowledge and expertise on job-related subject matter and issues impacting Bank credit administration and job performance. Maintain knowledge of Federal, State, and Bank policy & procedures, Uniform Standards of Professional Appraisal Practice (USPAP) and regulatory guidelines, appraisal theory, and methodology governing residential real property. Maintain knowledge of current industry trends that may impact property valuation at the national, regional, and local level, and report these trends to the Senior Credit & Appraisal Analyst and Senior Commercial Credit Officer. Special projects: Work on special projects as assigned. Support Bank products/services: Maintain knowledge of current KSB products and services. Actively utilize as many Bank products and services as possible in order to fully understand their features and benefits and to be able to communicate effectively; make referrals to other Bank personnel as appropriate. Community/public relations: Participate in community organizations and events. Represent the Bank in the community. Other outside activities: Actively participate in industry trade group meetings and educational programs to remain abreast of current issues and requirements affecting Bank operations and job performance. Management committees: Participate in the Bank’s loan meetings and officers’ meetings (if applicable) as directed. Other duties: Demonstrate reliable attendance and punctuality. Work at other Bank branches as needed for customer service, operational, or training purposes. Attend and participate in Bank meetings. Attend internal and external training to improve skills and knowledge relevant to the credit analyst position. Understand and fully comply with Kennebec Savings Bank’s Core Values . Perform other duties as required. POSITIONS REPORTING TO THIS POSITION None REQUIREMENTS EDUCATION/EXPERIENCE REQUIRED Bachelor’s degree, with a concentration in Business, Accounting or Finance and/or equivalent work experience. 1 to 3 years of credit analysis, appraisal review, or similar work experience is desirable. Experience with commercial credit underwriting for transactions ranging from $1MM to $10MM is desirable. CRE & construction experience is desirable. Strong analytical, critical thinking, and accounting and/or financial analysis skills are desirable. Computer literate, with specific experience in spreadsheet, asset/liability management and word processing applications. OTHER REQUIREMENTS Must possess a valid driver’s license, the use of a serviceable automobile that is properly registered and proper liability automobile insurance as required by state law. Must have strong written communications skills, including letter and report-writing ability. Must be able to lift files or other documents of approximately 20 pounds. Must be able to read and work with computer print-out reports. Must be able to stand or sit for extended periods of time. Must be able to spend extended periods of time operating a computer keyboard and working at a computer monitor. Must be able use the telephone to converse with coworkers for extended periods of time; must be able to communicate clearly by telephone; must have good listening ability and skills. Must be able to prioritize and organize work flow; must have good attention to detail; must be able to handle multiple jobs. Must have the ability to think through a problem, following proper steps in finding resolution. Must have a high degree of ethics and maintain confidentiality of customers and accounts. Must be friendly, courteous and sensitive to the needs of customers and coworkers. Must have a solid work ethic and desire to produce a large volume of high quality work within prescribed timeframes. #J-18808-Ljbffr