Credit Analyst

NORTHWESTERN BANK•Chippewa Falls, WI

6d•Onsite

About The Position

Northwestern Bank, a proud member of the Chippewa Valley community since 1904, is currently seeking a full-time, experienced Credit Analyst to work onsite in our Chippewa Falls branch. This position will join an experienced lending team with very complicated and substantial loan portfolios and can have an immediate impact on the team and bank. The ideal candidate will have an associate or bachelor’s degree in accounting, with 3 - 5 years’ Credit Analyst experience. Applicants for this position need to be comfortable reading and interpreting business and personal tax returns and financial statements, have a strong working knowledge of the balance sheet and income statement, be proficient in Microsoft Word and Excel, have strong analytical, organizational, interpersonal, written, and communication skills, will be detail-oriented and able to multi-task in a fast-paced environment and will exemplify our Core Values of deliver an exceptional experience, shine through service, lead with integrity, create positive impact, and foster genuine relationships. Position Summary: Works directly with Loan Officers to prepare thorough analysis on credit presentations and annual reviews. Responsible for the maintenance of timely customer financial reporting and credit ratings. Performs portfolio risk assessment analysis and actively participates in Loan Committee. Conducts other duties necessary to carry out the responsibilities of this position.

Requirements

Associate or bachelor’s degree in accounting
3 - 5 years’ Credit Analyst experience
Comfortable reading and interpreting business and personal tax returns and financial statements
Strong working knowledge of the balance sheet and income statement
Proficient in Microsoft Word and Excel
Strong analytical, organizational, interpersonal, written, and communication skills
Detail-oriented and able to multi-task in a fast-paced environment
Good understanding of accounting, cash flow, financial ratio analysis, and financial institution regulations
Ability to input and retrieve computerized information on a PC
Good understanding of computerized loan accounting systems
Excellent problem solving ability to find errors and determine most desirable solutions
Courteous and professional customer service attitude
Intermediate mathematical skills (add, subtract, multiply, divide, fractions, percents, decimals, algebra, statistical analysis)
Ability to follow written and verbal instructions
Good verbal communication skills for interacting professionally with customers
Ability to compose routine and complex business reports and correspondence
Read and interpret technical documents
Maintain the integrity of highly confidential customer, Bank and employee information
Deal effectively with time pressures and stress

Responsibilities

Collect, analyze, and interpret customer financial information regarding income, assets, investments, debt, and cash flow to help determine which credit structures will best meet the needs of our customers and to analyze risk
Collaborate with Loan Officers in the preparation of loan write ups and the ordering of credit bureaus, appraisals, title insurance, and flood determinations; provides appropriate recommendation on credits.
Create a comprehensive analysis of a potential borrower’s financial position including cash flow and debt service coverage.
Assist with escrow mailings
File initial UCC filings in addition to monitoring existing filings and paying fees as they become due.
Assist Loan Officers with annual loan reviews on all credits over $500K, by conducting financial analysis and risk ratings using Bank spreadsheet software and standard scoring matrix.
Prepare spreadsheets and conduct analysis of customers' financial information.
Attend weekly Loan Officer Committee meetings, Loan and Credit department meetings and quarterly ALLL meetings.
Contact credit customers as needed to ensure timely collection of financial statements as required by the general loan policy required by the general loan policy.
Oversee and prepare monthly and quarterly management reports as needed.
Assist as needed with the preparation of Loan Committee minutes and Board loan reports.
Develop a thorough understanding of all bank products both related and unrelated to the Loan Department.
Obtain Secure Party UCC filings as needed.
Maintain charge-off loan records payment report.
Download documents from the share file.
Send out loan paperwork via DocuSign and forward onto Loan Processors.
Assists other Bank employees with questions and concerns relating to loan customers, loan analysis and loan documentation.
Keep up to date on laws, rules, and regulations pertaining to the position.
Cross-sell bank products and services when opportunities arise.
Perform other duties as may be necessary to fulfill the responsibilities of this position.
Secure the vaults at the close of business and open/secure them on assigned workday mornings and Saturday.