SBA Credit Analyst III

Stearns Bank NA.• Remote, US,

2d•$85,000 - $100,000•Remote

About The Position

At Stearns Bank, we’re helping people, entrepreneurs, small businesses, and local communities nationwide reach their full financial potential. This is a Connected Mobile Work Environment. Come see how we’re doing business unusual and charting our own path to reimagine a more inclusive financial services and banking ecosystem for all.

Requirements

Occasionally lift and/or move up to 10 lbs.
Literacy in English.
Ability to sit for extended periods of time, twist, bend, sit, walk use hands to twist, handle or feel objects, tools, or controls, such as computer mouse, computer keyboard, calculator, stapler, telephone, staple puller, etc., reach with hands and arms, balance, stoop, kneel, talk, or hear.
Specific vision abilities required by the job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus.

Nice To Haves

Bachelor’s degree in Accounting, Business Administration, or Finance from a four-year college or university.
Generally, five or more years’ related experience and/or training.
Proficiency in computer programs including Word and Excel.
Knowledge or expertise with financial spreadsheet software, especially Moody’s spreadsheet software.
Strong problem-solving, mathematical, and analytical skills.
Excellent written and verbal communication skills.
Self-motivated to prioritize and produce excellent work in a timely manner to meet deadlines.
Detail-oriented.
Flexible.

Responsibilities

Spread and analyze both business and personal financial statements and tax returns.
Pull credit bureau reports and generate credit references as required.
Generate projections as needed and perform sensitivity analysis.
Document any findings/exceptions for Loan Officers and Loan Committee after the analysis of: Borrower’s financial condition, Repayment capacity and collateral coverage, Overall credit risk including strengths and weaknesses and assign preliminary risk rating, Loan structure and documentation for compliance with bank loan policy, underwriting guidelines, and National Banking Laws and Regulations.
Assist with the ongoing completion of credit analysis/review function.
Assist with past due/non-accrual and watch list, loan monitoring and collection, including borrowing base compliance.
Check pledged assets as requested by Loan Officers.
Maintain working knowledge of legal and regulatory compliance issues as they pertain to this position.
In-depth understanding and interpretation of the SBA SOP.
Ability to complete any underwriting task with no direction needed.
Underwriting tasks are completed with minimal / no errors.
Limited supervision needed from credit management.
Demonstrate ability to make sound credit decisions.
Complete all required training.
Loss prevention and security as applicable for this position.
Assume additional responsibilities as required.

Benefits

Employee Stock Ownership Plan & 401k Plan
Healthcare (Medical, Dental, Vision, Telehealth, Life insurance)
12-week Paid Parental Leave and Medical Leave: With a cap of 20 weeks for eligible team members who qualify for both Medical and Parental Leave related to the birth of a child.
$5,000 Family Care Reimbursement: Childcare, Elder Care, Student Loan Debt, Pet expenses, Down Payment Assistance
PTO from 13 to 23 days depending on tenure. Cashout and Carryover options
10 Days Sick Time
11 Paid Holidays
4 Days Volunteer Time
2 Days Self Allowance Time
Tuition Assistance