Ag Credit Analyst

BLACK HILLS FEDERAL CREDIT UNION•Rapid City, SD

10d•Onsite

About The Position

We have the fundamental belief that we, as an organization, can and will improve lives. Rooted in the centuries-old credit union philosophy of people helping people, we maintain a simple premise. Those we interact with will receive equal and just treatment, devoid of intolerance, false judgment, racism, or discrimination of any kind. We must not accept less if we are to fulfill our mission, "We Improve Lives." This mission empowers us to serve the greater good and to make a difference in our world. Our cooperative structure creates a cycle of mutual assistance towards the common goal of the financial well-being of members. At Black Hills Federal Credit Union (BHFCU), we’re committed to improving the lives of our members every day, and we look for people who share that passion. Don’t have a ton of financial industry experience? No problem. Our onboarding includes an orientation program with ongoing training to help staff further their career at BHFCU by building on their existing strengths. General Purpose: Independently completes commercial credit analysis and written presentations on the largest and most complex, commercial, and/or agricultural credit relationships. Analyze and prepare written presentations to recommend approval, denial or alternative structures and note any deviations from Loan Policy as appropriate. Work with Commercial and/or Agricultural Loan Officers to discuss issues and ask questions with minimal guidance from the Credit Administration Manager.

Requirements

B.S/B.A in accounting, finance, or general business (or equivalent experience).
9 hours in accounting preferred.
12 hours in finance preferred.
1 to 3 years of credit analysis experience in a financial institution or regulatory agency, or recent graduate that meets the educational requirements, that includes analysis of smaller, less complex, credits and composing analytical reports
Ability to analyze credits based on tax returns
Formal credit training
Knowledge of collateral and credit documentation and borrowing entity structure
Must be able to work in a fast-paced environment and execute multiple tasks successfully for meeting timely deadlines.
PC proficiency with spreadsheet and word processing software.
Proficiency with financial statement analysis software.
Excellent oral and written communication skills.
Ability to present a professional and personable personality.
Strong ability to confidently and assertively defend analytical decisions.
Requires the ability to work flexible hours.

Responsibilities

Spread and analyze financial reports including but not limited to year-end financial statements, personal financial statements, interim financial statements, accounts receivable and accounts payable from the loan officers, borrowers or borrowers’ accountants.
Responsible for independently managing: spread workflow, underwriting workflow, and deadlines.
Gather, consolidate, analyze and summarize data to provide well-considered recommendations for complex levels of commercial credit relationships.
Identify and quantify risks, prepare written detailed analyses, and present these facts and offer opinions concerning credit-worthiness of borrowers.
Confer with lenders and other business representatives to exchange and verify credit information and financial transactions.
Participate in discussions with and/or calls to existing or potential members.
Occasionally meets with members to review their business operations, discuss their financial statements and analyze their credit requirements.
Act as control point in the loan approval process to ensure adherence to credit policies and loan covenants.
Complete tasks as assigned by Credit Administration Manager including monitoring and testing financial covenants, assist with audits, examinations, stress testing and risk reviews.
Provide training to other credit analysts as needed.
Direct underwriting of existing and new credit exposures for Commercial, Participation, CUSO, and/or Agricultural opportunities.
Assist in supervising and monitoring workflow of other credit analysts.
Assist with call report and other quarterly and monthly reporting.
Assumes additional duties and responsibilities as required.
Keep current on business related compliance issues.
Understand SBA/USDA underwriting requirements and documents.
Assist lenders and loan support staff in loan closing activities.
Keeps current on trends within the industry by attending seminars, workshops and reading industry periodicals.
Attend and participate in various committee meetings.
May assist Credit Administration Manager in conducting job interviews.