3 Credit Analyst II Jobs in Bloomington, MN
Choice Bank is Hiring a Credit Analyst II Near Bloomington, MN
Responsibilities
- 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
- Prepares credit memos for equipment lease transactions that will be presented for loan decision. Has a thorough understanding of financial analysis, industry knowledge, and equipment valuation on contracts greater than $350,000.
- Makes recommendations for loan structure and appropriate covenants.
- 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.
- Completes quarterly loan improvement plans 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.
- Tests borrowers’ financial indicator covenants for compliance with loan documents.
- Prepares various loan reports as directed from Credit Leadership.
- Develop knowledge on SBA 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.
- Bachelor’s degree in Accounting, Finance, or related field
- 3-5 years of experience as a Commercial Credit Analyst
- Previous equipment lease underwriting experience
- Outstanding communication skills; including oral and written
- Exhibits a record of time management abilities
- Demonstrates a desire to learn new skills
Job Summary
Full Time
Banking
$61k-78k (estimate)
05/09/2024
06/06/2024
bankwithchoice.com
BISMARCK, ND
200 - 500
2001
LEO GEFROH
$50M - $200M
Banking
Related Companies
About Choice Bank
As a PeopleFirst community bank, we provide a wide array of banking solutions. Member FDIC. Equal Housing Lender. Choice Bank is a division of CFG.
The job skills required for Credit Analyst II include Financial Statements, Credit Analysis, Presentation, Confidentiality, etc. Having related job skills and expertise will give you an advantage when applying to be a Credit Analyst II. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Credit Analyst II. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Credit Analyst II positions, which can be used as a reference in future career path planning. As a Credit Analyst II, it can be promoted into senior positions as a Credit Analyst III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Credit Analyst II. You can explore the career advancement for a Credit Analyst II below and select your interested title to get hiring information.
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