Associate Credit & Appraisal Analyst

Kennebec Savings Bank - Augusta, ME

Full-time - Entry Level

Augusta, ME

Credit Intermediation and Related Activities

About the position

The Associate Credit & Appraisal Analyst position is responsible for assisting in the analysis of financial statements for commercial and commercial real estate loans, supporting the Bank's loan review and rating functions, and ensuring compliance with regulatory standards. The role involves maintaining documentation, conducting appraisal reviews, and collaborating with various stakeholders to uphold the Bank's credit standards and support its products and services.

Responsibilities

• Assist in the analysis of financial statements for commercial and commercial real estate loans.
• Prepare documentation to support loan decision-making processes.
• Review and analyze updated financial statements on existing loans annually.
• Prepare reports for the Internal Loan Committee and Board of Directors.
• Comply with Federal and State banking regulations and Bank policies.
• Review existing loans and prepare/update loan rating reports.
• Order and review residential appraisals to support commercial lending activities.
• Analyze appraisals for credibility and compliance with standards.
• Identify and report deficiencies in appraisal reports.
• Maintain organized documentation for appraisal reviews and related processes.
• Monitor appraiser performance and recommend changes to the Approved Appraiser List.
• Ensure appraisal procedures and files are complete and up to date.
• Work closely with the Senior Credit & Appraisal Analyst to become a subject matter expert.
• Participate in community organizations and represent the Bank in the community.

Requirements

• Bachelor's degree in Business, Accounting, or Finance or equivalent work experience.
• 1 to 3 years of credit analysis, appraisal review, or similar experience.
• Strong analytical and critical thinking skills.
• Proficient in spreadsheet and word processing applications.
• Valid driver's license and access to a serviceable automobile.

Nice-to-haves

• Experience in financial analysis and credit review processes.
• Familiarity with Uniform Standards of Professional Appraisal Practice (USPAP).
• Participation in industry trade groups and educational programs.

Benefits

• Health insurance
• 401k retirement plan
• Paid holidays
• Professional development opportunities