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Credit Analyst
A Great Place to Work!
Minneapolis, MN
Job Description
Northeast Bank, located in vibrant northeast Minneapolis, has an excellent opportunity for a Credit Analyst. We have a great opportunity for a hard working individual looking for a challenging position.
This position will be responsible for researching and assessing credit risk thoroughly with little direction from a supervisor. Duties include providing a detailed and concise summary to assess credit risk and provide input as to the quality of the credit. They will recommend loan structure, pricing, and new business products to the lender. Prepare, spread, and analyze financial statements.
This position will be responsible for researching and assessing credit risk thoroughly with little direction from a supervisor. Duties include providing a detailed and concise summary to assess credit risk and provide input as to the quality of the credit. They will recommend loan structure, pricing, and new business products to the lender. Prepare, spread, and analyze financial statements.
- Works directly with lenders to prepare loan committee credit presentations, annual reviews, and other correspondence and memos, including those that do and do not require loan committee approval, on new and existing relationships. This process includes a thorough analysis of financial performance, both historical and projected, collateral evaluation, payment history, management capacity and ability, economic and competitive influences, risk rating assessment, and covenant establishment and compliance. Independently identifies any areas of concern within the analysis and works to resolve them either with lender or with other credit staff. Assists lenders in identifying cross-selling opportunities on credit presentations and attends off-site client calls with lenders as requested to assist in analysis. Presents credit to committee in lender’s absence.
- Works with Lender to identify items needed to complete analysis and update file to ensure completeness of file. Works directly with the borrower when necessary to obtain additional information.
- Participates in loan committee by providing added insight and answering any unresolved questions.
- Works with others in analyst group to prepare quarterly reports on loan relationships risk-rated watch or worse. These reports include an analysis of the borrower’s repayment capacity, current collateral valuations, and other pertinent factors in assessing and measuring the risk associated with the relationship. Work with lenders to formulate and track progress of action plans associated with each relationship. Assesses validity of current risk rating and makes recommendations for any needed modifications.
- Monitors receipt of monthly borrowing bases, along with tracking of borrowing base formula compliance, and updating internal tracking systems. Restricts borrowing availability of borrower if warranted and notifies lender of the same.
- Professional
- Effective verbal and written communication skills
- Ability to deliver a high level of responsiveness to other staff and customers.
- Ability to multi-task and organize priorities.
- Ability to work independently in the analysis process
- High computer literacy including Word, Excel, and Outlook
- Maintains confidentiality
- Flexible
- Maintain high level of focus and accuracy
- Ability to think analytically
- Ability to work at a fast pace with high accuracy
Contact Information
A Great Place to Work!
Job Summary
Company
Start Date
October 2018
Employment Term and Type
Regular, Full Time
Hours per Week
40
Work Hours (i.e. shift)
8 am to 5 pm
Salary and Benefits
We offer a generous benefit package including health, dental, life, and short and long term disability insurance plus paid time off.
Required Education
Bachelor's Degree
Required Experience
1 to 4 years
Required Security Clearance
Other Clearance
Security Clearance Note
Fingerprint when employment is offered
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