The Bank of Elk River

Elk River, MN

Job Title:
Credit Analyst

SUMMARY This position is responsible for performing an integral part of the credit administration function for the Bank. The credit analyst is responsible for the gathering and analysis/interpretation of financial and credit information for existing and prospective customers, and the underwriting of the request. Determines compliance with the Bank’s loan policy, applicable underwriting guidelines, and regulatory requirements. Reviews existing borrower accounts and portfolios in order to identify, evaluate, and determine the appropriate course of action on potential credit quality issues to minimize risk and potential losses for the Bank.

QUALIFICATIONS To perform this job successfully the individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and ability required. ESSENTIAL DUTIES AND RESPONSIBILITIES • Documentation of a loan presentation that includes an analysis of business cash flow, ability to service existing and prospective debt, and other material financial trends and ratios, an independent recommendation regarding the request and determination of an appropriate risk rating. • Thorough knowledge of credit administration, policy and procedures, including the ability to review customer accounts and portfolios in order to identify, evaluate and determine an appropriate course of action on potential credit quality issues to maximize credit quality and minimize risk and potential loss to the Bank. • Analyzes loan requests, researches collateral values and identifies the ability to perfect a security interest in the intended collateral, and recommendation of an appropriate repayment structure. Can also interpret and spread financial information, including year-end and interim statements. • Performing ongoing maintenance of commercial relationships, including the completion of annual reviews, loan renewals, and portfolio monitoring duties. • Investigates all available sources of credit and financial information including: reporting services, credit bureaus and any collateral value research.

COMPETENCIES The competencies listed below are critical to the success of this role. Technical Skills: Proficient with Microsoft Office and other accounting/risk rating software. Communication: Communicates effectively and respectfully with all points of contact. Treats others with respect and shows sensitivity for differences. Time Management: Uses time management skills to prioritize multiple tasks at once, plan out work activities, and completes work on time. Reacts well under pressure when meeting deadlines while also exhibiting diligence, timeliness, and efficiencies in the completion of tasks. Teambuilding: Fosters a working environment where employees are encouraged to contribute and build a positive team spirit. Balances team and individual responsibilities. Exhibits objectivity and openness to others' views. Customer Service: Provides excellent customer service with external and internal customers of the bank. Works well with others. Development: Accepts responsibility for own actions. Meets challenges with resourcefulness. Pursues training and development opportunities and strives to continuously build and share knowledge and skills. Attention to Detail: Demonstrates a high level of accuracy, attention to detail and is able to edit work for errors. Change Management: Adapts to changes in the work environment. Changes approach or method to best fit the situation. Able to deal with frequent change, delays or unexpected events. Problem Solving: Finds new ways to improve practices, identify inefficiencies and provides suggestions for improving work processes. Applies common sense to resolve problems in a timely manner. EDUCATION/EXPERIENCE • Bachelor’s degree and 1+ years related experience and/or training. • Or equivalent combination education and experience. • SBA experience with 7(a), 504 lending, and SBA Express underwriting a plus. CERTIFICATES AND LICENSES None required. PHYSICAL DEMANDS While performing the duties of this job, the employee is regularly required to sit and use computer for extended periods. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


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