Credit Analyst II

Position Summary:

As a Credit Analyst II, you will be responsible for identifying and evaluating credit risks associated with specific commercial loan requests and complex credit relationships. This includes determining the necessary information for analysis, gathering relevant industry data, conducting site inspections as needed, and discussing credit concerns with loan officers and senior management to assess risk levels. Drawing on your credit expertise and analytical skills, you will quantify credit risk and provide independent recommendations to mitigate risks while ensuring alignment with loan policies and guidelines. Additionally, you will address appropriate credit structures and monitoring requirements and present your findings in written reports for the appropriate loan approval authority.

In addition, our FIRST Values apply to all teammates without exception.

FIRST Values

• Family – We support, trust, and respect each other, our customers, and our shareholders.
• Independence & Innovation – We embrace change as vital to our success.
• Relationships – We build relationships that are based on strong character, mutual loyalty, trust, and respect.
• Stewardship – We take care of ourselves so we can take care of others.
• Teamwork – We help each other grow and succeed.

Who we are:

The First National Bank in Sioux Falls began its long-term commitment to the Sioux Falls area in 1885. The oldest bank in Sioux Falls owes its longevity to a combination of service, stability, innovation, and family involvement. Over the past 140 years, The First National Bank in Sioux Falls has worked diligently to promote the growth and vitality of our city and the surrounding area. The Bank strives to continually be recognized as a community leader by reinvesting financial resources back into the communities it serves and encouraging active employee involvement in community volunteer organizations.

The First National Bank Way, which is a blend of our Mission Statement and FIRST Values, serves as the foundation of our culture. It is a gift that has been passed down to us and is the legacy that we will protect and preserve. Nothing is more important to us – it is the cornerstone of our success.

Our culture is driven by integrity, service, and strong values; nothing has shaped it more than our FIRST Values.

Our FIRST Values are not just words; they are truly felt by our employees, customers, shareholders, and communities. They tell us who we are as a business and guide our behaviors and decisions as we move forward and build successful relationships.

Although banking has evolved over the years, our mission and values have not and will not change.

What will you do:

Accountabilities

Spreading Financials and Underwriting

Accurately enter customer and guarantor financial data into software programs to generate financial spreads, supporting the underwriting of bank documents, applications, and requests in accordance with regulatory requirements and bank policies.

• Utilize multiple bank software programs to complete financials spreads on loan customers for lenders. This can include business, personal, interim and annual review.
• Analyze the creditworthiness of prospective and current customers by preparing written reports of findings of assigned loans. This includes in-depth analysis of historical financial statements, projected cash flow, ratio analysis, general industry analysis and identified risks.
• Independently evaluate more complex loan requests with regards to the Bank’s underwriting standards and regulatory requirements.
• Complete additional underwriting tasks such as Fed Funds Reviews, credit card underwriting for both retail and commercial, and SBA Lending to meet all requirements.

Loan Monitoring & Review

Monitor loans to assess the risk of a loan once the loan is booked.

• Conduct collateral inspections with lenders on an as needed basis.
• Complete borrowing base tracking spreadsheets.
• Perform covenant monitoring duties to ensure covenants are in compliance.

Partner with Others

Partner with others to ensure team goals are met.

• Provide mentoring and guidance to other analysts, business banking trainees, and interns as they work on spreading financial information and underwriting loan requests.
• Assist the Real Estate Specialist with various duties.
• Assist with special projects as assigned such as economic reports, guideline reviews, segmentation reports or loan coding.

Qualifications

Secondary education in a related field preferred. Three or more years of relevant work experience or a combination of education/experience that would enable incumbent to meet accountabilities and required competencies of the position. Experience with banking or credit analysis preferred.

Skills and Abilities

• Ability to work independently with little supervision. Self-motivated.
• Excellent verbal and written communication skills.
• Ability to conduct relationships in a manner that ensures cooperation and positive results.
• Demonstrate a high degree of concern for professional and innovative customer service.
• Excellent organizational skills and attention to detail. High degree of accuracy required.
• Possess critical thinking skills, including strategic thinking and effective analysis of data.
• Possess working knowledge of business and economics.
• Ability to manage multiple competing priorities.
• Ability to adapt to the needs of the organization and teammates.

What’s in it for you?

• Health Insurance
• Dental & Vision Insurance
• Profit Sharing
• Paid Vacation & Holidays
• Company paid short and long term disability
• Tuition Reimbursement Program
• Employee Banking Perks
• Community Volunteer time
• And More!