What are the responsibilities and job description for the Credit Analyst position at First Dakota National Bank?
Business Banking Credit Analyst
First Dakota National Bank is hiring a full-time Credit Analyst to join our Sioux Falls team. A Credit Analyst supports the Business Banking department in the area of credit analysis in accordance with established guidelines and policies. 3-5 years of Business Banking credit analysis experience preferred. Hours include Monday-Friday 8-5.
- Spread financial statements including, but not limited to, balance sheets, income statements and cash flow statements for new and existing customer applications, renewals, and annual reviews
- Operate efficiently within the Sageworks software application as needed to complete our spreads and analysis
- Provide written and oral analysis to Bankers of borrower’s financial condition and repayment capacity including review and presentation of ratios and trend analysis
- Assist Bankers in creating and documenting the credit recommendation to be presented to appropriate approval committees
- Analysis of collateral, including evaluation/appraisals and other risk mitigants such as government or personal guarantees
- Assist the Bankers in verifying that collateral is perfected and that proper insurance is or will be in place
- Assist the Bankers to track and monitor the receipt of all required financial documents that are needed by our borrowers on a monthly, quarterly, and annual basis; Also includes any loan covenants on new and existing loans/customers
- Understand and interpret current loan policies and procedures to assist in compliance of all applicable laws and regulations
- Assist the credit department with performing inspections on properties and construction projects to verify work is complete and property is in good condition
- Comply with and provide suggestive improvements to our lending best practices and procedures
- Develop and maintain excellent written and oral communication skills in order to effectively document and communicate work performed
- Study economic trends in firm’s or individual’s industry or branch of industry to help predict probable success of loan customers
- Provide back-up to all major functions of the VP, Credit Analyst
- Other duties as assigned
Qualifications
Attributes include a positive attitude and good work ethic. The ability to process a variety of tasks accurately and efficiently, the capability to maintain strict confidentiality, attention to detail and comply with all Bank policies and procedures. Communicate effectively with various types of clientele, co-workers and departments to resolve an assortment of needs. Strong organizational skills and the ability to work well in a team environment. Punctuality is a must.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements are representative of the knowledge, skills, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education/Experience
Bachelor’s Degree;
3-5 years Business Banking credit analysis experience preferred.
Work Environment
Office: The work environment of this job includes interacting with others in an office setting, and the noise level is usually moderate.
Physical Demands
Light: The physical demands of this job include bending, sitting, and occasionally lifting up to 10 pounds with or without reasonable accommodation.
Requirements of All Employees
To perform the job successfully, an individual should demonstrate the following:
Adaptability - Adapts to changes in the work environment
Attendance/Punctuality - Is consistently at work and on time; Arrives at meetings and appointments on time
Career Apparel - Adheres to the Career Apparel policy; Demonstrates professional appearance during Bank hours or at after-hours Bank functions
Communication - Listens and gets clarification; Responds well to questions; Participates in meetings; Writes clearly and informatively; Able to read and interpret written information
Customer Service - Responds promptly to customer needs including requests for service and assistance; Provide courteous, personal attention to promote ongoing relationship servicing with customers
Dependability - Follows instructions, responds to management direction; Takes responsibility for own actions; Keeps commitments; Completes tasks on time or notifies appropriate person with an alternate plan
Design - Demonstrates attention to detail
Initiative - Looks for and takes advantage of opportunities; Asks for and offers help when needed
Innovation - Shares suggestions for improving work
Interpersonal - Maintains confidentiality; Remains open to others' ideas and tries new things
Judgment - Exhibits sound and accurate judgment
Motivation - Measures self against standard of excellence
Organizational Support - Follows policies and procedures; Completes administrative tasks correctly and on time; Supports and upholds organizational goals and values
Planning/Organizing - Uses time efficiently; Completes work in a timely manner
Problem Solving - Identifies and resolves problems in a timely manner
Professionalism - Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration; Accepts responsibility for own actions; Inspires the trust of others; Works with integrity and ethically
Quality - Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality
Safety/Security - Observes safety and security procedures; Reports potentially unsafe conditions; Uses equipment and materials properly
Team Work - Gives and welcomes feedback; Contributes to building a positive team spirit
Technical Skills – Understands basic computer software programs; Strives to continuously build knowledge and skills; Shares expertise with others
