The State Bank of Faribault
Location: Faribault, Minnesota
Job Title: Credit Analyst
Overview: The State Bank of Faribault is seeking a Credit Analyst to work in its Faribault, Minnesota office. The position’s primary focus is underwriting current and prospective commercial borrowers to determine credit worthiness among other regular and ad-hoc assignments.
Responsibilities: • Credit Underwriting
o Analyze balance sheets, income statements, tax returns and other financial documents to assess borrowers’ credit quality and ability to repay debt using financial ratios and cash flow modeling
o Develop and communicate credit presentations to SBF’s Loan Committee on strengths and weaknesses of borrowing relationships
o Evaluate commercial real estate appraisals for accuracy, detail and clarity
o Assist loan officers with due diligence and fostering client relationships by understanding business models, financing requirements and treasury management needs of commercial borrowers
o Complete ad-hoc assignments across the commercial department as well as miscellaneous opportunities throughout the bank
o Monitor financial and industry reports to stay current on economic trends and activity
• Skills
o Understanding of accounting and financial ratios used in the credit process
o Ability to communicate findings that arise from underwriting commercial loans both orally and in writing
o Analytical and quantitative decision-making skills
o Self-starter that takes initiative with little oversight
o Capable of working independently or in a team-setting
Requirements: • Education & Experience
o Undergraduate degree in finance, accounting, economics or business management
o Prior professional experience in finance or accounting
o Experience in banking preferred but not required
Deadline: 09/30/2021
How to Apply: Send resume to:
State Bank of Faribault
Attn: Human Resources
428 Central Ave.
Faribault MN 55021
Phone: 507-332-7401
[email protected]
Equal Opportunity Employer |