Deerwood Bank · 1 week ago
Credit Analyst
Mendota Heights, MN
Full-time
Onsite
New Grad, Entry Level
$55K/yr - $75K/yrDeerwood Bank is a growing, family owned, community bank with 14 locations in Minnesota. They are hiring a Credit Analyst to participate in the commercial banking process by providing research and analysis to support Business Bankers in their underwriting decisions.
BankingFinancial Services
Responsibilities
Spread and analyze interim and year-end financial statements, borrowing base certificates, personal financial statements and tax returns, ensuring timely completion of required reports
In conjunction with Business Bankers, assist in the preparation of written commercial loan analyses in a concise but complete format identifying major trends, issues. Develop a strong foundation in analysis in order to understand and to identify credit risks. Use that foundation to make informed analysis and suggestions to the lenders
Work with Business Bankers to ensure financial information from clients and prospects is processed and distributed in an accurate, timely and consistent manner to ensure financial risk is managed appropriately
Monitor loan covenants and reporting requirements as necessary. Check covenant compliance as annual and interim financial statements are received and spread
Coordinate with other staff to ensure timely completion of month-end reporting as necessary
Build on acquired skills to analyze increasingly complex companies and industries, eventually assuming more responsibility for credit approval presentations
Learn SBA 504 and 7(a) loan parameters as well as other risk mitigation techniques and programs like USDA
Make suggestions to the Credit Officer to optimize the use of data and resources available to analyze risk
Assists Credit Officer with reporting to the Officer’s Credit Committee, Director’s Credit Committee, or Board of Directors on an “as needed” basis
Perform other duties as apparent or assigned
Qualification
Required
College degree in business, accounting, finance or comparable employment experience
Formal credit/cash flow analysis training, and well-developed credit analysis and analytical skills
Strong interpersonal skills, with a demonstrated excellence in working effectively as an individual and as part of a team
Strong personal motivation and attention to detail
Understanding of economics, finance, accounting, financial statements and GAAP
Ability to discuss financial and collateral issues with Business Bankers and customers
The ability to independently prioritize work, multi-task and meet deadlines
Excellent written, verbal and analytical skills
Effective technical report writing skills
Strong computer skills with experience with Microsoft Office Suite and financial spread sheet software
Benefits
Medical insurance, including virtual telemedicine and mental health counseling
Health Savings Account
Flexible Spending Account (health, limited purpose health, and dependent care)
Dental insurance
Vision insurance
Life insurance (basic and voluntary)
Short-term disability insurance
Long-term disability insurance
Long-term care insurance
Adoption Assistance Program
Employee Assistance Program
PTO
Paid Volunteer Time Off
Paid holidays
401(k) with company match (eligible on the first of the month following 2 months of employment)
Financial wellness education
Free or reduced fees for banking products and services
Employee Referral Bonus
Company
Deerwood Bank
Deerwood Bank is a community-based bank.
Founded in 1910
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
John Ohlin
President/CEO
Greg Breen
Chief Credit Officer
Recent News
Seattle TechFlash
2025-08-07
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