Municipal and Specialty Banking Analyst (Remote)

Join the Kitsap Bank Family as a Municipal & Specialty Banking Analyst

Kitsap Bank is an independently owned, local bank whose roots trace all the way back to 1908. We are focused on the long-term, and being responsible stewards of the resources entrusted to us by our customers, our communities, and the environment. As a local, woman and family-owned company, our culture is like a big family, and we recognize our responsibility in supporting others—giving back both time and money into the causes that enrich our communities. Kitsap Bank has been recognized numerous times by the Puget Sound Business Journal and its employees as one of Washington's Best Workplaces.

Summary: The MSB Analyst works collaboratively with the MSB team and Kitsap Bank’s Relationship Managers to provide energy and C-PACER credit solutions to clients and prospects. The MSB Analyst specifically supports the Municipal and Specialty Banking group with credit analysis, underwriting and presentation of loan requests, conducting research into the industry and market, and providing economic information to support the credit decision. This role requires the knowledge of C-PACER programs, solar finance and other energy related tools and programs. This position will also support the Finance Department activities with regards to municipal banking portfolio management and reporting.

Grade: 18 Range: $65,479 - $85,519 Last Revision Date: 02/2023

This position may be eligible for an annual bonus depending on business factors and if the employee meets eligibility criteria.

Essential Functions:

• Maintains a thorough knowledge of the features and benefits of all Municipal and Energy banking products and services in order to ascertain customer needs to support RM’s sale process.

• Manages C-PACER deals through the loan application process with appropriate county or state authority communicating closely with all parties involved.
• Maintains knowledge of Municipal Finance and Voya Program.
• Supports ongoing maintenance and relationship management for funded municipal private placement activities.
• In coordination with the Relationship Managers and Municipal & Specialty Banking Underwriter determines appropriate loan structure, initiate and properly complete credit write-up for credit requests identifying risks, policy exceptions and mitigating factors, in order to make sound credit decisions in approving or declining credits.
• Accurately spreads tax returns and financial statements and analyzes loan specific financial risk factors and mitigants related to the loan request and the overall relationship. Completes due diligence research to support the completion of credit requests, renewals and portfolio management.
• Proactively works with Loan Coordinators, legal team and other parties as necessary to insure smooth and timely loan closings.
• Ensures credit reviews, maturing loans, and past dues are handled according to policy and in a manner that provides minimal risk to the bank.
• Participates in Borrower meetings and direct conversation to support the Relationship Managers.
• Maintains a working knowledge of all bank operating policies and procedures which impact municipal and specialty banking clients and confidentiality of all bank activities and related information.

Additional Responsibilities:

• Other duties as assigned to support the Finance Department and special projects as directed by the CFO.

Required Education, Experience, and Skills:

• Bachelor’s degree in business, finance or accounting. Equivalent combinations of education and experience may be considered.
• Three plus years of municipal or energy finance experience.
• In depth understanding of the risk management process and responsibilities.
• Strong credit analysis skills including experience in preparing written credit requests.
• Knowledge and full understanding of bank loan policies.
• Knowledge of all aspects of documentation relating to commercial loans, lines, construction, C-Pacer, solar and municipal finance is required.
• Knowledge of documentation requirements for counties and states in which Kitsap Bank deploy capital to fund C-Pace loans.
• Strong working knowledge of regulatory requirements and Kitsap Bank policy.
• Strong interpersonal skills and communication skills, including ability to apply good human relations skills in dealing with bank staff and prospective clients.
• Ability to work with the bank’s clients on a daily basis.
• Detail-oriented and well-organized.
• Ability to handle multiple priorities and produce results.
• Ability to work independently as well as part of a team.
• Creative/innovative problem solver.
• Self-motivated/takes initiative.
• Proficient knowledge in the use of Bukers, nCino, S&P and FIRVA analytic tools.
• Ability to effectively utilize computer technology. Proficiency in Microsoft Office Suite programs.

Physical/Mental Requirements:

• Position frequently involves hearing, speaking, fingering, standing, walking and repetitive motions of hands/wrists.
• Requires use of close and distance vision.
• Ability to read, write, speak and understand English and effectively communicate with Bank clients.
• Ability to discern information and formulate appropriate action.
• Ability to lift up to 30 pounds.

Benefits Provided:

• Medical
• Dental
• Vision
• Flexible Spending Accounts and Health Spending Accounts
• Lifestyle Spending Accounts
• Health Reimbursement Accounts
• Employee Assistance Program
• Company Sponsored Life/AD&D and Long Term Disability
• Voluntary Plans (Accident, Hospital Indemnity, Critical Illness, Short-Term Disability, Cancer Riders, and Life/AD&D Insurance)
• Pet Insurance

Retirement:

• 401k (match 4%) and Profit Sharing

Time Off:

• 15 Vacation Days (prorated for first year)
• 2 Personal Days
• 1 Volunteer Time Off Day
• 11 Holidays
• 1 Sick Day per Month