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Northeast Bank · 21 hours ago

Senior Credit Analyst

Minneapolis, MN

Full-time

Hybrid

Mid, Senior Level

$91K/yr - $115K/yr

2+ years exp

Northeast Bank is a family-owned community institution committed to strengthening neighborhoods. The Senior Credit Analyst works directly with lenders to prepare thorough analysis on credit presentations and annual reviews, ensuring files are complete and current, while actively participating in loan committees and monitoring loan performance.

BankingFinanceLendingMobile Payments

Responsibilities

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 high-dollar and complex 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 for completeness. 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

Facilitates the ordering and review of appraisals, including completion of compliance checklists and assessment of the overall validity of the report. Completes internal real estate evaluations as needed and required by loan policy. Completes construction loan balancing/monitoring. Performs off-site collateral audits as requested

Assists with preparation of loan committee minutes, pipeline tracking and other reporting as assigned

Qualification

Credit AnalysisFinancial Performance AnalysisRisk Rating AssessmentLoan Committee ParticipationAnalytical SkillsHigh Computer LiteracyMulti-taskingEffective CommunicationConfidentialityFlexibility

Required

Minimum 4-year College degree, with emphasis in Business Administration, Accounting, Finance, Economics, or other related field; or 2-year College Degree with 2 years of other work-related experience

Minimum 2 years of experience in Credit Analysis

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

Strong analytical skills

Ability to work at a fast pace with high accuracy