CommunityWorks North Dakota · 1 day ago
Commercial Credit Analyst
Mandan, ND
Full-time
Onsite
Mid LevelCommunityWorks North Dakota is seeking a Commercial Credit Analyst who will provide commercial credit analysis services to clients through various financial programs. The role involves qualifying prospects, determining credit eligibility, and ensuring compliance with regulations while monitoring borrower performance.
Financial Services
Responsibilities
Qualify prospects by collecting and analyzing financial and related data in order to determine the general credit worthiness of the prospect and the merits of the specific loan requests
Determine credit eligibility, prepare loan narratives, and ensure loans meet appropriate lending criteria
Underwrite the loan application prior to submission to the Lending Committee
Proactively review clients current and changing financial needs
Monitor the performance of the borrower over the life of the loan
Recognize developing problems and bringing them to the attention of management
Assist in developing a strategy for troubled credits, to return the credit to a pass rating or exit strategy
Field inquiries about LCRDC programs
Order documentation from third parties i.e. environmental assessments and credit reports
Prepare or oversee the completion of the loan application form
Ensure compliance with all state and federal regulations and internal company policies with regard to the following: - SBA 504 Standard Operating Procedure (SOP) - Economic Development Administration (EDA) regulations - USDA Rural Business Cooperative Services regulations - Department of Housing and Urban Development (HUD) Community Development Block Grant (CDBG) regulations - Anti-Money Laundering - Fair Lending - Truth In Lending - Privacy, and Anti-Discrimination
Qualification
Required
Provide commercial credit analysis services to clients of the LCRDC through programs such as the SBA 504, Intermediary Loan Program (IRP), ND Opportunity Fund (NDOF) and other commercial financial programs
Qualify prospects by collecting and analyzing financial and related data in order to determine the general credit worthiness of the prospect and the merits of the specific loan requests
Determine credit eligibility, prepare loan narratives, and ensure loans meet appropriate lending criteria
Underwrite the loan application prior to submission to the Lending Committee
Proactively review clients current and changing financial needs
Monitor the performance of the borrower over the life of the loan
Recognize developing problems and bringing them to the attention of management
Assist in developing a strategy for troubled credits, to return the credit to a pass rating or exit strategy
Field inquiries about LCRDC programs
Order documentation from third parties i.e. environmental assessments and credit reports
Prepare or oversee the completion of the loan application form
Ensure compliance with all state and federal regulations and internal company policies with regard to the following: SBA 504 Standard Operating Procedure (SOP), Economic Development Administration (EDA) regulations, USDA Rural Business Cooperative Services regulations, Department of Housing and Urban Development (HUD) Community Development Block Grant (CDBG) regulations, Anti-Money Laundering, Fair Lending, Truth In Lending, Privacy, and Anti-Discrimination
Company
CommunityWorks North Dakota
CommunityWorks ND is a non-profit organization with the mission of providing affordable housing and development opportunities to revitalize communities and improve the standard of living and quality of life for North Dakota residents.
Founded in 1995
2-10 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase