Credit Underwriter III
Location: Bismarck or Fargo
* Possible underfill as Credit Underwriter II if applicant pool warrants.
** This position may be located in Bank of North Dakota’s Bismarck or Fargo locations; or has the option to work remotely while located within the state of North Dakota.
Summary of Work
This position’s basic purpose is to conduct credit analysis and underwriting services for commercial, agriculture, political subdivisions, and/or economic development projects. Primary duties include: 1) gathering and analyzing financial and non-financial information of the overall loan package and 2) participating in projects that further the initiatives and goals of Credit Administration.
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 Investment Committee, BND Advisory Board, and Industrial Commission.
- Perform moderate to highly complex commercial and agricultural credit analysis which involves investigating financial statements to determine if cashflow is sufficient to repay business and personal debt. Total aggregate dollar exposure of credits analyzed typically ranges from $500,000 to $10,000,000.
- 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.
- Make recommendations related to structuring of credits being analyzed as it relates to repayment terms, financial covenants, construction projects and ongoing monitoring of business entity.
- Analyze loan pricing to ensure adequate levels of return based on risk.
- Verify that proper loan documentation is in place if needed.
- Assign risk ratings.
- Perform annual reviews of existing credits and spreading of financial statements.
- Secondary presenter of credits for approval at loan committee.
- Prepare problem loan reports which may initiate collection or foreclosure activities for delinquent loans; analyze and determine loan classifications and assess risk ratings.
- 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.
- Review moderately complex appraisals and internal evaluations to determine reasonableness and compliance with regulations.
- Prepare moderate to highly complex in-house valuations for real estate or equipment based on local markets, comparable recent sales, and potential income of property.
Credit Underwriter III – Requires a bachelor’s degree in accounting, banking, business administration, economics, or a closely related field and four years of commercial and/or agriculture lending, credit, or financial analysis work experience. Additional work experience as described may substitute for the education requirement on a year-for-year basis.
Credit Underwriter II – 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. Additional work experience as described may substitute for the education requirement on a year-for-year basis.