Senior Credit Analyst
The Senior Credit Analyst position is responsible for analyzing and monitoring credit worthiness of assigned account base and preparing professional credit presentations that recommend the extension of credit within established guidelines. Responsible for analyzing risk within the lending portfolio, at the inception of a lending process and on an ongoing basis.
Worksite Location: Bloomington, MN - Hybrid flexibility
Salary Range: $80,000 - $110,000 base salary (based on experience); eligible for annual bonus program
Benefits:
- Health Insurance with two medical plan options as well as dental and vision options
- Employer matched 401(k) plan
- Company-paid life insurance, AD&D and short and long-term disability. Team members can also purchase additional life and AD&D insurances
- Paid Time Off and all Federal holidays observed
ROLES & RESPONSIBILITIES:
1. Perform financial analysis of assigned credits
- Ensure financial package is complete with tax returns and financial statements. Obtain missing items from banker or customer.
- Complete financial spreads using Baker Hill, WebEquity, Excel and/or other software.
- Analyze the results of the financial spreads (i.e. financial ratios and cash flow) to determine viability and repeatability of primary repayment source (typically cash flow).
- Evaluate and analyze secondary sources of repayment, including collateral and guarantors, to determine adequate repayment sources for the loan.
- Compare customer financial status to industry norms and MCB Credit policy guidelines.
- Consider all risk and accurately propose and assign risk rating to match level of risk.
- Make recommendations and discuss results with Lender.
2. Proactively partner with lender and borrower to clarify issues and gather additional information
3. Participate in joint calls with lender, as requested
4. Prepare Credit Action Presentation based on analysis and provide support through the approval process
5. Perform annual and other routine credit administration
- Ensure credit files are up-to-date including ongoing routine administration.
- Review periodic loan covenants to determine compliance and take appropriate action when needed.
- Assist lender in completing File Comments, Material Change Forms and assist in managing ticklers.
REQUIRED SKILLS & EXPERIENCE:
- Bachelor’s Degree
- 5+ years of progressively responsible credit analysis experience or equivalent, demonstrated higher level analysis and output
- Ongoing professional development preferred
Versique: /ver-seek/ adj. being both versatile and unique; n. a high-performance recruiting firm specializing in executive leadership search, direct hire, and interim hiring solutions.
Versique Executive, Professional, & Interim Recruiting is a locally owned and operated hiring and placement firm based in the Twin Cities of Minnesota. With specialized practice areas across our three divisions, Versique delivers tailored expertise to a wide range of industries. What sets us apart is our team of recruiters—seasoned professionals who have worked in the very fields they now hire for, providing unmatched industry insight and connections.
We believe people are more than just resumes—they are transformative, unlocking the potential for organizational growth and success.
Versique is proud to be award-winning, earning recognition on the Inc. 5000 list of fastest-growing private companies and the Minneapolis-St. Paul Business Journal's Fast 50 list for 2023. We are also consistently recognized as a Star Tribune Top Workplace and were named a Best Place to Work in 2022 by the Minneapolis/St. Paul Business Journal.
Let’s find your people, together.
Versique is an equal-opportunity employer committed to creating a diverse workforce. We consider all qualified applicants regardless of race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status.
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