Senior Credit Analyst

At Northeast Bank, we're more than just a bank – we're a family-owned community institution with a deep commitment to strengthening the neighborhoods we serve. Our mission is to make meaningful connections that positively impact the lives of our clients and the communities we call home. As part of our incredible team, you'll be joining a community within a community, where we support each other, local businesses, and non-profits, going the extra mile to build strong, lasting relationships. 

POSITION SUMMARY: Works directly with Lenders to prepare thorough analysis on credit presentations and annual reviews. Works with lenders to ensure files are complete and current. Actively participates in loan committees and presents for lenders when they are absent. Completes quarterly watch and problem loan reports. Monitors receipt of monthly borrowing bases and tracks covenant compliance. Facilitates ordering and review of appraisals.

PRIMARY ACCOUNTABILITIES AND 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. 

OTHER KEY PERFORMANCE MEASURES: 

• 1. Provides back-up to department staff as requested.
• 2. Performs a minimum of CRA hours (Bank sponsored community or marketing events) annually.
• 3. Other duties as assigned.

ROLE QUALIFICATIONS:

Education

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.  

Experience

Minimum 2 years of experience in Credit Analysis.

Other Skills/Characteristics

• 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

Performance Measures

· Adequate volume and acceptable quality of analysis depending upon experience level

· Demonstrates the ability to independently identify the credit risks associated with complex transactions

· Deals professionally with all staff and customers

 Benefits:

• Fun, supportive work environment with advancement opportunities
• Competitive wages with an additional annual performance-based incentive
• Medical, Dental, Life and Disability Insurance
• Generous paid time off, including11 paid holidays
• Paid volunteer time
• Retirement Benefits – 401k and ESOP
• Education reimbursement with one year of service
• Awarded Star Tribune Top Workplaces 7 years in a row

Office Environment

• Office environment
• Ability to work 2 day/week from home