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Choice Bank · 1 month ago

Credit Analyst I / II

Fargo, ND

Full-time

Onsite

Entry, Mid Level

1+ years exp

Choice Bank is a financial institution seeking a Credit Analyst to gather, analyze, and interpret credit information for customers. The role involves assessing credit quality, minimizing risk, and preparing credit memos for loan requests.

BankingFinanceFinancial Services

Responsibilities

Reads, reviews, and understands various financial statements to include but not limited to; tax returns, balance sheet, profit and loss statements, aging’s, borrowing base certificates, debt schedules, equipment lists, business credit reports, credit bureau reports, rent rolls, lease agreements, fall cash flow, personal financial statement, environmental reports, and appraisals

Prepares financial spreads for various types of commercial and real estate businesses and individuals establishing a direct obligation as a borrowers or guarantor

Prepares credit memos for new or renewing loan requests that will be presented for loan decision. Has a thorough understanding and is able to accurately communicate the following aspects of the credit memos:

Financial statement analysis including trend, ratios, margins, sensitivity, and pro forma

Cash flow analysis including traditional and UCA

Collateral analysis including BBC review, real estate appraisals, equipment appraisals, contracts, and purchase agreements

Guarantor analysis including cash flow, personal financial statement, and credit report

Risk rating

Analyzes findings through underwriting due diligence and narrates information in a comprehensive analysis using a variety of data analysis (charts, formulas, graphs, etc.)

Analyzes the credit worthiness of a commercial applicant and guarantors through the review of financial statements and identifies key risks of the relationship

Evaluates the credit quality and suggests proper risk rating based on analysis in the Credit Memo. Ensures relationships are appropriately risk rated during the underwriting process and recommends risk rating changes to the Banker in a timely manner

Provides prompt turnaround on customer and credit requests, while communicating the status of loans in process with the Banker and/or direct manager

Reviews and articulates findings within third party collateral reports to the Banker and/or direct manager

Meets with and interview customers to develop a thorough understanding of the loan request and the business relationship

Uses knowledge of the loan policy to detect deviations, exceptions, and variances on loan proposals. Ensures that all credit requests are properly approved or exceptions documented based on loan policy standards

Assists the banker in completion of quarterly Problem Loan Reports on the bank’s risk rated customer

Completes annual reviews, risk rating changes, and other file comments to preserve the credit integrity of the loan portfolio

Provides ongoing monitoring of borrowers’ financial indicator covenants for compliance with loan documents

Prepares various loan reports as directed from Credit Leadership

Develop knowledge on SBA or FSA loan products along with policy and procedures

Attends general credit analysis training provided by Credit Manager as well as RMA or MBA classes

Complies with responsibilities as they relate to the Bank Secrecy Act (BSA), Anti-Money Laundering Act (AML), Patriot Act, and Office of Foreign Assets Control Regulations (OFAC). This includes participating in any required training and promptly complying with all reporting requirements

The position may require travel to various Choice Bank offices

Performs duties outside normal scope as assigned

Other duties and special projects as assigned

Qualification

Commercial Credit AnalysisFinancial Statement AnalysisCash Flow AnalysisMicrosoft Office SuiteDesire to LearnOutstanding Communication SkillsTime Management Abilities