Job Description
Business Banking Credit Analyst
Are you an experienced Credit Analyst? Do you enjoy a supportive, team-oriented workplace? Are you looking for a regular weekday schedule with paid holidays? Then we might be the right fit for you! We're looking for a full-time Credit Analyst to join our Sioux Falls team. A Credit Analyst supports the Business Banking department in credit analysis in accordance with established guidelines and policies. Hours include Monday-Friday 8-5.
Duties
· Spread financial statements including, but not limited to, balance sheets, income statements and cash flow statements for new and existing customer applications, renewals, and annual reviews
· Operate efficiently within the Sageworks software application as needed to complete our spreads and analysis
· Provide written and oral analysis to Bankers of borrower’s financial condition and repayment capacity including review and presentation of ratios and trend analysis
· Assist Bankers in creating and documenting the credit recommendation to be presented to appropriate approval committees
· Analysis of collateral, including evaluation/appraisals and other risk mitigants such as government or personal guarantees
· Assist the Bankers in verifying that collateral is perfected and that proper insurance is or will be in place
· Assist the Bankers to track and monitor the receipt of all required financial documents that are needed by our borrowers on a monthly, quarterly, and annual basis; Also includes any loan covenants on new and existing loans/customers
· Understand and interpret current loan policies and procedures to assist in compliance of all applicable laws and regulations
· Assist the credit department with performing inspections on properties and construction projects to verify work is complete and property is in good condition
· Comply with and provide suggestive improvements to our lending best practices and procedures
· Develop and maintain excellent written and oral communication skills in order to effectively document and communicate work performed
· Study economic trends in firm’s or individual’s industry or branch of industry to help predict probable success of loan customers
· Provide back-up to all major functions of the VP, Credit Analyst
· Other duties as assigned
Education/Experience
· Bachelor’s Degree;
· 3-5 years Business Banking credit analysis experience preferred.
FIRST DAKOTA offers competitive compensation and excellent benefits including Medical, Dental, Life, Short and Long Term Disability, PTO, Career Apparel and 401(k). Successful applicant must pass pre-employment screening including credit history and criminal background.
Interested candidates may apply online at https://www.firstdakota.com/careers.
First Dakota National Bank is an Equal Opportunity Employer
Member FDIC