Senior Commercial Credit Analyst

Fargo, North Dakota
Join our team!
Jan 09, 2019
Job Type
Full Time
Position Summary:

Accountable for portfolio of complex, large business and private banking loans generally ranging in loan relationship size from $750,000 and up, including proposing and negotiating lending solutions on new lending opportunities, underwriting credit risk, and granting credit approval within prescribed level of loan authority; presenting credit recommendation to Loan Committee; facilitating loan closing; and servicing booked loans. Contributes to effective risk management through ordering and execution of loan documentation and ongoing monitoring of customer-supplied information and collateral administration. Assists in training other supporting credit personnel.

Essential Responsibilities

Job Function Number 1: Propose and negotiate lending solutions. Direct the loan decision-making process by providing in‑depth, high-quality credit and risk analysis and communicate underwriting results with Banker and customer. Contribute to sound loan portfolio management through approving or declining credit applications.-70%
  • Ascertain lending needs, propose and negotiate loan products and credit solutions for new loan opportunities.
  • Propose loan programs (SBA, USDA, FSA, etc.).
  • Evaluate and suggest loan pricing options, notate pricing exceptions.
  • Evaluate customer's response to proposal, communicate appropriate alternative structures if necessary, work to gain customer's acceptance and formal credit application.
  • Develop comprehensive understanding of customer's financial needs, and formulate a plan of action for loan structure, monitoring, and servicing of loan relationship.
  • Perform financial statement forecasting and sensitivity analysis to assist in determination of borrower's future capacity to repay debt.
  • Meet with customer to review financial statement spreads and projections, discuss results.
  • Write credit narrative and perform risk assessment of product, policy, structure, terms, and customer financial strength.
  • Independently grade all credits in accordance with Bank's credit classification system.
  • Establish requirements for, and assess information received, through account monitoring programs.
  • Maintain industry knowledge.
  • Approve or decline lending requests in accordance with established guidelines within prescribed lending authority.
  • Present recommended credit decision to Loan Committee, participants, and governmental agencies.

Job Function Number 2: Provide credit administration by ensuring proper documentation and closing of loan transactions and conducting ongoing account monitoring.-25%
  • Perform administrative tasks to maintain and manage ongoing tracking system of monitoring requirements, file review exceptions, review dates, and loan maturity dates.
  • Determine and order loan documentation, and review for completeness.
  • Meet with customer to close loan transaction, including review of documentation and discussion of performance expectations, when necessary - otherwise delegate to Banker.
  • Maintain ongoing consulting credit relationship with customer via meetings to discuss status of credit and annual review of financial information.
  • Identify potential new lending needs in existing relationships and suggest solutions to customer.
  • Negotiate and direct the sale of individual loan participations or obtain government guaranties.
  • Provide ongoing administration of collateral perfection.

Job Function Number 3: Participate in projects and meetings useful to promoting the credit department.-5%
  • Serve on specific project teams as directed by Lead.
  • Participate in team meetings by providing insight, contributions and feedback.
  • Participate in in-market branch sales, pipeline and production meetings as requested by Market President.

Position Requirements

  • College degree or equivalent education, including upper level courses in finance and accounting.
  • In-depth knowledge of advanced loan documentation, banking laws, and regulations preferred, but not required.
  • Five or more years of experience working with large, complex commercial loans.
  • Experience assessing, selling, and closing all types of business and consumer loans.

Personal Characteristics:
  • Strong problem solving ability.
  • Professional customer service skills.
  • Strong written and oral communication skills.
  • Strong negotiation and interpersonal relationship skills.
  • Self-starter with established ability to work effectively with minimal day-to-day supervision.
  • Self-assured.
  • Good analytical skills.
  • Team player.

Physical Demands: (must be met with or without a reasonable accommodation)
  • Spend extended periods of time sitting at a desk and using office equipment.
  • Extended time is spent reviewing documents, both actual papers or electronic.
  • The employee is occasionally required to stand, walk, reach with arms and hands, climb or balance, and to stoop, kneel, crouch or crawl. Vision abilities required by this job include close vision.
  • Periodically, may also do light lifting of supplies and materials which weighs in at approximately 20 lbs.
  • Will spend most of time in an indoor environment.

Alerus Financial is an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities.

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