Kennebec Savings Bank · 3 weeks ago
Credit & Appraisal Analyst
Portland, Maine Metropolitan Area
Full-time
Onsite
Entry Level
1+ years expKennebec Savings Bank is seeking a Credit & Appraisal Analyst to assist with the analysis of financial statements for commercial loans and support the appraisal and evaluation processes. The role involves ensuring compliance with regulatory requirements and maintaining accurate documentation, while also providing analytical support and recommendations to senior banking officers.
BankingFinancial ServicesLendingPersonal Branding
Hiring Manager
Jeff Rancourt
Responsibilities
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
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
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
Order and review residential appraisals as necessary to support commercial lending activities
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
Support the review process for appraisals and evaluations of commercial properties prepared by external appraisers, Bank employees or qualified third parties
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
Work with appraisers, qualified third parties, and employees to correct any deficiencies or issues identified during the appraisal/evaluation review process, within prescribed timeframes
Maintain 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
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
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
Work on special projects as assigned
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
Participate in community organizations and events
Represent the Bank in the community
Actively participate in industry trade group meetings and educational programs to remain abreast of current issues and requirements affecting Bank operations and job performance
Participate in the Bank’s loan meetings and officers’ meetings (if applicable) as directed
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
Qualification
Required
Bachelor's degree, with a concentration in Business, Accounting or Finance and/or equivalent work experience
Computer literate, with specific experience in spreadsheet, asset/liability management and word processing applications
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
Preferred
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
Company
Kennebec Savings Bank
Kennebec Savings Bank has been serving community and business financial needs in Maine.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Aline Taylor
Chief Retail Banking Officer
Recent News
2025-12-25
2025-10-23
2025-10-21
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