Unclassified - Dickinson, ND
posted 5 months ago
The Commercial Credit Analyst will play a crucial role in supporting lenders by underwriting requests for credit extensions to both new and existing commercial loan clients. This position requires a detail-oriented individual who can perform comprehensive financial analyses for all lending opportunities. The analyst will be responsible for preparing credit approval and modification requests for presentation to the loan committee, ensuring that all necessary documentation is thorough and accurate. Additionally, the analyst will conduct annual credit reviews as needed, ensuring compliance with the organization's credit policies and procedures. Timely collection and analysis of interim and annual financial statements provided by clients is essential, as is the updating of financial information to maintain current reporting standards. In this role, the Commercial Credit Analyst will analyze data such as financial statements and agency reports on prospective and active borrowing accounts. They will prepare written reports that evaluate the short and long-term prospects of individuals or companies seeking loans. The analyst will make recommendations to Loan Officers regarding the granting or denial of loans, providing sufficient documentation to support these recommendations. Identifying and interpreting trends in financial data, as well as key financial ratios, will be a critical part of the job. The analyst will also be responsible for providing thorough documentation of all financial analyses through spreadsheets and written credit offering memorandums. After conducting a detailed credit analysis, the analyst will suggest a loan grade and coordinate specific work tasks within the department to ensure the smooth and efficient flow of information. Furthermore, the analyst will perform annual reviews of loan relationships to maintain the integrity of the lending process.