CREDIT ANALYST/JUNIOR COMMERCIAL LENDER

Aroostook Savings & Loan Association – CREDIT ANALYST / JUNIOR COMMERCIAL LENDER

Position Overview: The Credit Analyst / Junior Commercial Lender serves as a vital member of the lending team, providing comprehensive analytical support to the Chief Lending Officer while developing commercial lending skills through direct client interaction and loan origination activities. This dual-function role combines rigorous credit analysis with relationship management responsibilities, offering a structured pathway to advancement in commercial lending.

Key Responsibilities:

Credit Analysis Functions

• Conduct comprehensive financial analysis of commercial loan requests, including detailed review of financial statements, tax returns, cash flow projections, and business plans using bank software systems
• Prepare credit memoranda and loan presentations for senior management and loan committee review, ensuring compliance with lending policies and regulatory requirements
• Analyze industry trends, competitive market conditions, and borrower business models to assess credit risk and repayment capacity
• Evaluate collateral adequacy, including real estate appraisals, equipment valuations, accounts receivable aging, and inventory assessments
• Monitor existing loan portfolio performance, tracking covenant compliance, financial performance, and identifying potential credit deterioration
• Assist with annual reviews and loan renewals, including updated financial analysis and risk rating assessments
• Support special asset management activities as needed, including workout analysis and loss mitigation strategies

Junior Commercial Lending Functions

• Develop and maintain relationships with commercial clients, particularly small to mid-sized businesses within assigned portfolio or market segment, including cross selling a variety of bank services
• Generate new business through prospecting activities, referrals, and participation in community and business development events
• Structure commercial loan products including term loans, lines of credit, equipment financing, and commercial real estate loans under supervision
• Conduct client meetings and site visits to understand business operations, management capabilities, and financing needs
• Coordinate loan closing process, working with operations, legal counsel, and third-party service providers to ensure timely and accurate documentation

Administrative and Support Functions

• Provide direct administrative and analytical support to the Chief Lending Officer on strategic initiatives and special projects
• Prepare management reports, portfolio analytics, and regulatory reports as required
• Maintain proficiency in loan origination systems, core banking platforms, and credit analysis software
• Participate in training programs and professional development activities to enhance credit and lending skills

Required Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration, Economics, or related field
• 1-3 years of experience in credit analysis, commercial lending, or related financial services role preferred
• Strong understanding of financial statement analysis, including income statements, balance sheets, and cash flow statements with high attention to detail.
• Proficiency in Microsoft Excel, Word, and PowerPoint; experience with financial spreading software preferred
• Excellent written and verbal communication skills, with ability to prepare clear and concise credit memoranda
• Valid driver's license and ability to travel locally for client meetings and site visits

Preferred Qualifications

• Previous experience in commercial banking or corporate credit analysis
• Knowledge of commercial lending regulations including Regulation O, Regulation U, Regulation Z and relevant BSA/AML requirements
• Experience with loan origination systems and core banking platforms
• Demonstrated business development or sales experience
• Familiarity with real estate analysis, including appraisal review and property valuations

Skills and Competencies

• Relationship Management – Professional interpersonal skills with ability to build trust and credibility with clients and colleagues
• Time Management – Ability to prioritize multiple projects and meet deadlines in a fast-paced environment
• Business Development – Proactive approach to identifying opportunities and expanding client relationships
• Collaboration – Team-oriented mindset with ability to work effectively across departments

Work Environment and Physical Requirements

• Professional office environment with standard business hours; occasional early morning or evening meetings may be required
• Local travel required for client meetings, property inspections, and networking events (estimated 10-20% of time)
• Extended periods of computer work and data analysis
• Ability to lift and carry files and documents up to 25 pounds occasionally

Compensation and Benefits

Competitive salary commensurate with experience and qualifications. Comprehensive benefits package including health insurance, retirement plan, paid time off, and professional development opportunities. Performance-based incentive compensation available based on individual and departmental goals.

Please send a letter of application, current resume and a minimum of three references in confidence to:

Aroostook Savings and Loan, Attn: Curt Paterson, President & CEO
PO Box 808, Caribou, ME 04736

Aroostook Savings & Loan is an Equal Opportunity Employer. Member FDIC. Equal Housing Lender.

Learn more at www.YourHomeBank.com

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Health insurance
• Paid time off

Work Location: In person