Credit Analysis Underwriter II
Location: Bismarck or Fargo
Summary of Work
This position’s basic purpose is to conduct credit analysis and underwriting on commercial, agriculture, student loans, political subdivisions, and/or economic development projects. Primary duties include gathering and analyzing financial information on the overall loan package.
Duties and Tasks
Complete Credit Presentations:
- Interview loan applicants and financial institutions; gather and verify financial information.
- Underwrite loan requests with strict deadlines for presentation to committees including BND Advisory Board and Industrial Commission.
- Analyze credits that are stable or new in their life cycle (start-ups/new ventures), potentially with major changes such as expansions, contractions, and/or acquisitions. Total aggregate dollar exposure of credits analyzed typically ranges from $50,000 to $2,000,000.
- Perform moderately complex commercial and agricultural credit analysis.
- Conduct independent collateral valuation analysis and review of medium to large values and complexity of real estate and equipment to be held as collateral.
- Perform break even repayment analysis, stress testing, scenario analysis, UCA cash flow analysis, capitalization ratios for real estate valuation.
- Assist in determining feasible structure of the credit.
- Travel may be required to visit the site based on complexity of credit being analyzed. This requirement becomes more frequent based on the complexity of the credit.
- Aide in the presentation of credits to BND’s loan committee.
Spreading/Assign Risk Ratings/Problem Loans/Annual Reviews:
- Verify that proper loan documentation is in place, if needed.
- Assign risk ratings.
- Perform annual reviews of existing credits and spreading of financial statements.
- Prepare problem loan reports which may initiate collection or foreclosure activities for delinquent loans; analyze and determine loan classifications and assess risk ratings.
- Review moderately complex appraisals and internal evaluations to determine reasonableness and compliance with regulations.
- Perform moderately complex internal evaluations.
Requires a bachelor’s degree in accounting, banking, business administration, economics, or a closely related field and two years of lending, credit or financial analysis work experience.