Credit Analysis Underwriter II

Location: Bismarck or Fargo

Status: Full-time

Deadline: 10/12/2020

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/Prepare Valuations:

  • Review moderately complex appraisals and internal evaluations to determine reasonableness and compliance with regulations.
  • Perform moderately complex internal evaluations.

Minimum Qualifications

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.