Credit Analyst

We are developing deeper connections between communities and their food systems, and powering the revival of local, sustainable food. We accept deposits from individuals and businesses who want to drive positive and lasting change with their savings. We lend those funds to impact-oriented farms, food businesses, and other sustainability-focused organizations. The word “mutual” in our name means cooperative; we are governed by our depositors, funded by those with a bias towards the long-term, and engineered to endure the test of time. Building bridges is core to who we are, with the ultimate aim of building a more vibrant, sustainable and inclusive local food system.

We want to balance a rigorous risk assessment with a deep understanding of our partners’ businesses, so that we can find new ways of underwriting that unlock the growth of their bottom line and impact. You’ll research and analyze the businesses of existing and potential borrowers, evaluating their operational and financial performance – and ultimately their credit risk. Based on your evaluations, you’ll make recommendations about lending decisions that impact the future of our business and the businesses we serve.

You will spend your time forging strong relationships with other members of the team – as you place a high value on responsiveness, collaboration, and service to colleagues. Friends of the right candidate would probably refer to them as having “an entrepreneurial spirit” and “a natural curiosity to learn” while being willing to roll-up their sleeves and thrive in a scrappy start-up environment.  You will also develop strong relationships with our operational team, building the capability to fill in the cracks when the team needs support.  

The role is location flexible, with opportunities for remote or hybrid arrangements (ex. 1-2 days per week in-person in Concord, NH) for the right candidate.

• Conduct thorough analysis of financial statements, reports, and documents, assessing credit worthiness for new loans applications, requests for modifications, refinancing applications, and annual due diligence reviews.
• Provide risk rating and credit recommendations relating to the assessment of credit risk; analyze industry context: competition, potential new entrants, power of suppliers, power of customers, and threat of substitute products/services.
• Present analysis and findings to lenders and management relating to the borrower’s capacity to repay the loan.  
• Remain current with the Bank’s Loan Policy, related lending policies, regulatory requirements, and market and risk factors, which may impact the borrower and the borrower’s ability to operate and repay the loan.
• Develop models and analysis relating to specific industries, markets, or loan models, providing relevant key ratios and operational analysis regarding borrower’s current and projected performance; identify primary, secondary, and tertiary sources of repayments.
• Work with vendors and servicers, including credit and UCC reporting services, to ensure credit exposures have been properly identified and incorporated in the analysis.
• Document credit assessment and maintain records and reporting relating to the assessment.  Request updated financial information as required in the policy and loan documents.
• Keep up to date with our products, services, and regulatory requirements.
• Complete required compliance-related bank training (and other related activities).

• Bachelor’s degree in finance, accounting, or other business-related fields with a strong understanding of financial statements, reporting, and ratio analysis.
• 1-3 years of strong credit and quantitative analysis in banking or related field with a focus on commercial industrial industries.
• Ability to work in a team environment, collaborating with lending staff and other teammates – but also operating independently with limited oversight.
• Strong attention to details and the ability to identify variances in financial performance.
• Strong time management skills, ability to manage multiple projects/analysis assignments and to manage competing priorities.

• Completion of a formal credit training program.  
• Strong working knowledge of food businesses, and/or agricultural lending.

• Health insurance coverage with dental and vision  
• Unlimited PTO 
• Allocated time for volunteering 
• “Quiet” Fridays 
• Life and disability insurances 
• Parental leave policy 
• 11 paid holidays 
• Walden-branded swag!