North Dakota Bankers
Extraordinary Leadership for North Dakota Banks

Credit Analyst

Alerus is currently seeking a Credit Analyst at our Fargo, ND office.
 
This position provides support to commercial loan underwriters in accurately and efficiently reviewing loan requests and servicing existing credit relationships. This position is accountable for spreading and analyzing commercial borrower and guarantor financial information utilizing software tools; accountable for timely identification of potential risk rating changes and loan agreement covenant compliance; responsible for analysis of interim financial information and collateral reviews; and responsible for reporting of analysis through distribution of reports, spreads, and supporting documents to underwriting.  This position also provides primary backup and overflow support for credit administration.
 
Responsibilities:
  • Work with Credit Underwriter and Business Advisor to obtain required financial information data from borrowers and guarantors.
  • Maintain borrower information in bank software system.
  • Accurately spread financial information data into the appropriate spreading tool and review results. Print reports and review spreads for accuracy.  Compare borrower’s financial position to industry peer group.  Develop understanding of borrower’s financial position and determine relevant key financial ratios.
  • Verify compliance with loan agreement covenants and update bank tracking systems accordingly.
  • Identify potential risk ratings changes in a timely fashion.
  • Compose documentation to summarize analysis including brief narrative summary of borrower’s financial position, grid of key financial ratios, risk rating analysis, covenant compliance, and guarantor support.
  • Distribute and communicate resulting file document, reports, spreads, and borrower financial information to underwriter for review.
  • Complete ongoing borrower interim financial and collateral reviews and report findings to underwriting.
  • Generate tickler reports, covenants report, and policy exception reports and other various loan production reports and distribute to users.
Qualifications:
  • Bachelor’s degree in accounting or finance area or equivalent education and job experience to demonstrate understanding of intermediate or higher accounting and/or finance background.
  • Working knowledge of computer software programs with specific emphasis on spreadsheet and word processing programs.
  • Experience in financial statement and tax return spreading, preferred.

Alerus offers a challenging and rewarding work environment as well as a competitive compensation and a comprehensive benefits package which includes health, dental, vision, paid time off & holidays, retirement benefits, and more!

For more information regarding the responsibilities and qualifications for this opportunity or to apply online, visit our website: https://www.alerus.com/about-us/careers/employment/. We look forward to reviewing your application and thank you for your interest in Alerus Financial!

Alerus Financial is an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities.
 
 
 

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