Credit Analyst - Commercial

Scale Bank•Edina, MN

8h•Onsite

About The Position

We are looking for someone to join as a credit analyst supporting our commercial lending teams. Are you looking to join a supportive team that can provide you a long-term runway for your career in banking? Then, this position is right for you! The primary objective of a Commercial Credit Analyst is to assist the Commercial Lending team in protecting the financial assets of the company. The desired candidate will use independent judgement and discretion to investigate credit requests, coordinate credit reviews, and manage credit risk within the portfolio. This position offers a great opportunity to join an employee focused culture and prides itself on promoting from within. Commercial Lending and credit administration are direct paths for ambitious analysts to grow into if desired.

Requirements

Bachelor’s degree in finance, accounting or related discipline
Proficient in MS Office products, particularly Excel
Workload Management – Ability to effectively manage multiple projects and deadlines
Interpersonal Skills – Ability to establish and cultivate trusting professional working relationships
Communication – Ability to express ideas and opinions clearly and directly, both verbally and in writing
Analytical Skills – Ability to collect and analyze data, draw sound conclusions, and formulate recommendations that address critical variables
Teamwork – Ability to foster a shared sense of purpose, collaboration, and accountability for results
Innately curious – A hunger to learn and understand complex information

Nice To Haves

Previous banking experience a plus

Responsibilities

Analyze client financial data, such as financial statements, financial ratios, credit reports, third party-sources, and other relevant data to assess credit worthiness.
Provide accurate information and sound judgments regarding commercial clients’ credit-worthiness to Relationship Managers and decision-makers.
Monitor current status and problems of assigned accounts.
Bring significant problems to attention of the account officer and other relevant parties with recommendations for action.
Assist with administration of financial statement tracking software.
Proactively communicates with Relationship Managers and clients to obtain all information necessary to effectively complete annual reviews and renewals on time.
Underwrite and present credit presentations while adhering to the bank’s credit policies and guidelines.
Support the credit department in planning and coordinating the commercial loan review and risk rating processes.
Assist with preparation and execution of facility documentation.
Provide assistance in the general administration of the commercial loan portfolio and proactively seek out and drive process improvements.
Perform pre-call industry and company research and assists in the sales process.
Assist the Relationship Managers in ensuring CRM is updated for clients and prospects.
Attend and participate in prospect meetings with Relationship Managers to help evaluate the credit worthiness of the business.
Support the credit department in the preparation of reports on the quality and trends for both the commercial loan portfolio.
Monitor the current status and potential risk elements of existing clients, communicate with clients to resolve issues, and bring significant items to the attention of the Relationship Manager with recommendations for action.
Recommend continuous improvement to the bank’s credit monitoring and reporting mechanisms.