Location
Saint Paul, MN | United States
Job description
At MidWest One, our people are number one in everything we do. We are a community bank with a culture based on integrity and customer care. The people on our team are the foundation of our success. If you're ready to work for an organization that values you, develops your talents and helps you grow personally and professionally, then look no further.
This role is responsible for the underwriting of SBA guaranteed loan requests within MidWestOne Bank. This will include the spreading of financial statements, analyzing financials of the borrower and guarantors, and collateral analysis among other items following the guidelines as established by the SBA Standard Operating Procedures (SOP).
- Assess credit risk pertaining to requests for new or renewals of existing loans to new or existing customers, primarily through the analysis of financial statements, credit history and collateral documentation.
- Analysis of SBA guaranteed loans will follow guidance as established in SBA Standard Operating Procedures (SOP).
- Prepare loan presentations for use by lending officers, credit approvers or committees to make lending decisions on new and/or renewal credit approvals.
- Prepare annual credit reviews (ACR) for existing commercial and ag customers. The review to include the financial analysis of financial statements, tax returns. Analysis should include changes that have occurred since the previous review.
- Complete vendor due diligence and/or secondary market investor analysis under the direction of the VP, Credit Administration.
- Spread financial statements within the bank’s commercial credit analysis software to track trends and financial ratios.
- Analyze management and industry trends to properly identify risks in specific credit requests.
- Manage the review process for covenant compliance and borrowing base certificates on an ongoing basis. Work with lender, front line staff and assigned credit officer on any issues uncovered.
- Performs other duties as assigned.
The Perks!
- Competitive base compensation with additional performance-based incentives (incentives vary depending on role)
- Career development and c ontinuous learning opportunities
- Paid Time Off, Paid Holidays, Parental/Grandparent Leave, and more
- 100% vested 401(k) Retirement Plan with company match
- Medical, Dental, and Vision insurance
- Flex spending plan & Health savings accounts with employer contribution
- Student Loan Debt Reduction Program & Tuition Assistance Plan
- Employee Stock Ownership Plan
- Employer provided group life insurance with option to purchase additional life insurance for you and your family members
- Employer provided long term and short term disability insurance
- Additional Insurance options to meet your personal needs: Critical Illness and Accident insurance
- Wellness Program
- Free banking services and other financial services discounts
- Take Your Dog to Work Day in June
- Employee Rally Day- a day of celebration and recognition !
- Bachelor’s degree or equivalent combination of post high school education and related work experience
- In addition to education in the field of business or finance, prefer 1-3 years of experience in a credit analyst related role.
- Experience with credit analysis technology or other credit analysis platforms or a combination of education and experience preferred.
- Banking or financial institution experience is preferred.
We RISE by lifting others. RISE stands for Retention, Innovation, Support, and Empowerment. Through RISE we aspire to create and sustain a culture of diversity, inclusion and belonging at work and in our communities. Our commitment to RISE is reflected in our operating principles, people and culture. We pledge to continuously learn, so we can understand and support the differences of individuals, embrace each other's strengths, and provide opportunities for all of us to work toward and achieve our full potential.
Now that you know more about us and the position, next step is for you apply so we can learn about you!
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