What are the responsibilities and job description for the Credit Analyst position at Northwestern Bank?
Northwestern Bank, a proud member of the Chippewa Valley community since 1904, is currently seeking a full-time, experienced Credit Analyst. This position will join an experienced lending team with very complicated and substantial loan portfolios and can have an immediate impact on the team and bank.
The ideal candidate will have an associate or bachelor’s degree in accounting, with at least 5 years’ Credit Analyst experience. Applicants for this position need to be comfortable reading and interpreting business and personal tax returns and financial statements, have a strong working knowledge of the balance sheet and income statement, be proficient in Microsoft Word and Excel, have strong analytical, organizational, interpersonal, written, and communication skills, will be detail-oriented and able to multi-task in a fast-paced environment and will exemplify our Core Values of deliver an exceptional experience, shine through service, lead with integrity, create positive impact, and foster genuine relationships.
Job Duties Include
Northwestern Bank offers the following:
Northwestern Bank
Mission Statement
Building Stronger Communities Where People Matter
Core Values
Deliver an exceptional experience.
Shine through service.
Lead with integrity.
Create positive impact.
Foster genuine relationships.
About Northwestern Bank
Northwestern Bank is a locally owned, community bank proudly serving our communities for over 100 years. We are building stronger communities where people matter, and we do that by putting our core values in action.
Northwestern Bank is a reflection of each of the communities we serve and like our communities we are strong, committed, and genuine. We treat customers like family, giving sound advice, and honest financial direction.
About Our Employees
Northwestern Bank employees are remarkable in their commitment to our communities, customers, and to each other. They bring our values to life as they perform their day-to-day responsibilities, make decisions, and in how they treat others. Our employees regularly rise above expectations as they seek to help others, always being truthful, respectful, and trustworthy. They serve our communities through active volunteerism.
Credit Analyst
Position Summary
Works directly with Loan Officers to prepare thorough analysis on credit presentations and annual reviews. Responsible for the maintenance of timely customer financial reporting and credit ratings. Performs portfolio risk assessment analysis and actively participates in Loan Committee. Conducts other duties necessary to carry out the responsibilities of this position.
Principal Duties And Responsibilities
Reports to VP- Credit Manager. Works closely with Loan Officers, Loan Support Specialist, Loan Processors and Loan Secretaries regarding analysis and technical exception work. Has occasional contact with attorneys, accountants, other professionals and outside parties relating to loans. Has regular access to highly confidential customer, employee and Bank financial information.
Measures Of Performance
Quality, accuracy, reliability, friendliness, thoroughness and timeliness of services provided to the Bank and customers; adherence to banking regulations and accepted audit procedures; ability to earn the trust and respect of employees and co-workers; effectively communicates and develops good working relationships with co-workers; professional workplace appearance and conduct; keeps Bank, customer, and employee information confidential; participates in training and appropriate professional development; reliability in reporting to work regularly and on time; understands and adheres to Bank policies and procedures; informs customers and potential customers of additional Bank services through cross-selling.
Knowledge, Skills And Abilities Required
Prefers a degree in business, preferably in finance, accounting or economics, and at least two years of previous banking loan/credit experience (or equivalent combination of education and experience). Must possess: good understanding of accounting, cash flow, financial ratio analysis, and financial institution regulations; ability to input and retrieve computerized information on a PC; good understanding of computerized loan accounting systems; excellent problem solving ability to find errors and determine most desirable solutions; courteous and professional customer service attitude; intermediate mathematical skills (add, subtract, multiply, divide, fractions, percents, decimals, algebra, statistical analysis); ability to follow written and verbal instructions; good verbal communication skills for interacting professionally with customers. Must have ability to: compose routine and complex business reports and correspondence; read and interpret technical documents; maintain the integrity of highly confidential customer, Bank and employee information; deal effectively with time pressures and stress. May need to bend, stoop, and lift to move light office materials and retrieve files.
Working Conditions
Work is performed largely in a pleasant office environment with minimal chance for personal injury. Intermittent sitting and standing and frequent mental and visual concentration for usage of PC required. Work is performed generally during regular business hours. Occasional over night, out-of-town travel may be required to attend seminars, meetings, etc.
Equipment Operated
Windows based PC (Office software, specifically Excel and Word), Bank software, Moody’s, Zoho, interaction with Bank’s main frame, internet capabilities including e-mail, computer printers, fax, copier, and telephone.
The ideal candidate will have an associate or bachelor’s degree in accounting, with at least 5 years’ Credit Analyst experience. Applicants for this position need to be comfortable reading and interpreting business and personal tax returns and financial statements, have a strong working knowledge of the balance sheet and income statement, be proficient in Microsoft Word and Excel, have strong analytical, organizational, interpersonal, written, and communication skills, will be detail-oriented and able to multi-task in a fast-paced environment and will exemplify our Core Values of deliver an exceptional experience, shine through service, lead with integrity, create positive impact, and foster genuine relationships.
Job Duties Include
- Collect, analyze, and interpret customer financial information regarding income, assets, investments, debt, and cash flow to help determine which credit structures will best meet the needs of our customers and to analyze risk
- Collaborate with Loan Officers in the preparation of loan write ups and the ordering of credit bureaus, appraisals, title insurance, and flood determinations; provides appropriate recommendation on credits.
- Create a comprehensive analysis of a potential borrower’s financial position including cash flow and debt service coverage.
- Assist with escrow mailings
- File initial UCC filings in addition to monitoring existing filings and paying fees as they become due.
Northwestern Bank offers the following:
- Competitive Pay
- Generous 401K plan
- Incentive Bonus program
- Paid Vacation, Holiday, Sick, and Parental Leave
- Health, Dental, Vision, Life, and Long-Term Disability Insurance
- Well-rounded EAP program
Northwestern Bank
Mission Statement
Building Stronger Communities Where People Matter
Core Values
Deliver an exceptional experience.
Shine through service.
Lead with integrity.
Create positive impact.
Foster genuine relationships.
About Northwestern Bank
Northwestern Bank is a locally owned, community bank proudly serving our communities for over 100 years. We are building stronger communities where people matter, and we do that by putting our core values in action.
Northwestern Bank is a reflection of each of the communities we serve and like our communities we are strong, committed, and genuine. We treat customers like family, giving sound advice, and honest financial direction.
About Our Employees
Northwestern Bank employees are remarkable in their commitment to our communities, customers, and to each other. They bring our values to life as they perform their day-to-day responsibilities, make decisions, and in how they treat others. Our employees regularly rise above expectations as they seek to help others, always being truthful, respectful, and trustworthy. They serve our communities through active volunteerism.
Credit Analyst
Position Summary
Works directly with Loan Officers to prepare thorough analysis on credit presentations and annual reviews. Responsible for the maintenance of timely customer financial reporting and credit ratings. Performs portfolio risk assessment analysis and actively participates in Loan Committee. Conducts other duties necessary to carry out the responsibilities of this position.
Principal Duties And Responsibilities
- Assist Loan Officers with annual loan reviews on all credits over $500K, by conducting financial analysis and risk ratings using Bank spreadsheet software and standard scoring matrix.
- Assist Loan Officers in preparation of loan write-ups.
- Prepare spreadsheets and conduct analysis of customers' financial information.
- Assist Loan Officers with ordering of required documentation such as credit bureaus, appraisals, title insurance and flood determinations.
- Attend weekly Loan Officer Committee meetings, Loan and Credit department meetings and quarterly ALLL meetings.
- Contact credit customers as needed to ensure timely collection of financial statements as required by the general loan policy required by the general loan policy.
- Oversee and prepare monthly and quarterly management reports as needed.
- Assist as needed with the preparation of Loan Committee minutes and Board loan reports.
- Develop a thorough understanding of all bank products both related and unrelated to the Loan Department.
- Assist with Escrow mailings.
- File initial UCC filings in addition to monitoring and paying UCC filings as they become due.
- Obtain Secure Party UCC filings as needed.
- Maintain charge-off loan records payment report.
- Download documents from the share file.
- Send out loan paperwork via DocuSign and forward onto Loan Processors.
- Assists other Bank employees with questions and concerns relating to loan customers, loan analysis and loan documentation. Keep up to date on laws, rules, and regulations pertaining to the position.
- Cross-sell bank products and services when opportunities arise.
- Perform other duties as may be necessary to fulfill the responsibilities of this position.
- Secure the vaults at the close of business and open/secure them on assigned workday mornings and Saturday.
Reports to VP- Credit Manager. Works closely with Loan Officers, Loan Support Specialist, Loan Processors and Loan Secretaries regarding analysis and technical exception work. Has occasional contact with attorneys, accountants, other professionals and outside parties relating to loans. Has regular access to highly confidential customer, employee and Bank financial information.
Measures Of Performance
Quality, accuracy, reliability, friendliness, thoroughness and timeliness of services provided to the Bank and customers; adherence to banking regulations and accepted audit procedures; ability to earn the trust and respect of employees and co-workers; effectively communicates and develops good working relationships with co-workers; professional workplace appearance and conduct; keeps Bank, customer, and employee information confidential; participates in training and appropriate professional development; reliability in reporting to work regularly and on time; understands and adheres to Bank policies and procedures; informs customers and potential customers of additional Bank services through cross-selling.
Knowledge, Skills And Abilities Required
Prefers a degree in business, preferably in finance, accounting or economics, and at least two years of previous banking loan/credit experience (or equivalent combination of education and experience). Must possess: good understanding of accounting, cash flow, financial ratio analysis, and financial institution regulations; ability to input and retrieve computerized information on a PC; good understanding of computerized loan accounting systems; excellent problem solving ability to find errors and determine most desirable solutions; courteous and professional customer service attitude; intermediate mathematical skills (add, subtract, multiply, divide, fractions, percents, decimals, algebra, statistical analysis); ability to follow written and verbal instructions; good verbal communication skills for interacting professionally with customers. Must have ability to: compose routine and complex business reports and correspondence; read and interpret technical documents; maintain the integrity of highly confidential customer, Bank and employee information; deal effectively with time pressures and stress. May need to bend, stoop, and lift to move light office materials and retrieve files.
Working Conditions
Work is performed largely in a pleasant office environment with minimal chance for personal injury. Intermittent sitting and standing and frequent mental and visual concentration for usage of PC required. Work is performed generally during regular business hours. Occasional over night, out-of-town travel may be required to attend seminars, meetings, etc.
Equipment Operated
Windows based PC (Office software, specifically Excel and Word), Bank software, Moody’s, Zoho, interaction with Bank’s main frame, internet capabilities including e-mail, computer printers, fax, copier, and telephone.
Salary : $500,000