Come Grow with Us and Join an Award-Winning Organization! Stearns Bank is looking for an SBA Credit Analyst. This is a remote-eligible position headquartered out of St. Cloud, Minnesota.
JOB SUMMARY Position has the responsibility of preparing loan write-ups, annual reviews, and monitoring credit file information with an average/medium complexity.
Starting annual salary of $55,000.00. Employment offers will be dependent upon the selected candidate's relevant qualifications and experience.
RESPONSIBILITIES - Spread and analyze both business and personal financial statements and tax returns.
- Pull credit bureau reports and generate credit references as required.
- Generate projections as needed and perform sensitivity analysis.
- Document any findings/exceptions for Loan Officers and Loan Committee after the analysis of:
- Borrower's financial condition.
- Repayment capacity and collateral coverage.
- Overall credit risk including strengths and weaknesses and assign preliminary risk rating.
- Loan structure and documentation for compliance with bank loan policy, underwriting guidelines, and National Banking Laws and Regulations.
- Assist with the following:
- Ongoing completion of credit analysis/review function.
- Past due/non-accrual and watch list, loan monitoring and collection, including borrowing base compliance.
- Check pledged assets as requested by Loan Officers.
- Maintain working knowledge of legal and regulatory compliance issues as they pertain to this position.
- Complete all required training.
- Loss prevention and security as applicable for this position.
- Assume additional responsibilities as required.
REQUIREMENTS - Occasionally lift and/or move up to 10 lbs.
- Literacy in English.
- Ability to sit for extended periods of time, twist, bend, sit, walk use hands to twist, handle or feel objects, tools, or controls, such as computer mouse, computer keyboard, calculator, stapler, telephone, staple puller, etc., reach with hands and arms, balance, stoop, kneel, talk, or hear.
- Specific vision abilities required by the job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus.
QUALIFICATIONS - Bachelor's degree in Accounting, Business Administration, or Finance from a four-year college or university.
- Proficient in Microsoft Excel and Word software.
- Knowledge or expertise with financial spreadsheet software, especially Moody's spreadsheet software.
- Strong oral/written communication skills.
- Detail-oriented and enjoys working with numbers.
- Flexible.
THE COMPANY Founded in 1912, Stearns Financial Services Inc. (SFSI) is a $2.4 billion well-capitalized, independent financial holding company based in St. Cloud, Minnesota. Specializing in nationwide small business lending and equipment financing, Stearns has maintained outstanding customer service, fast decisions, and customized finance solutions to their customers for decades.
Stearns Bank has earned itself a stellar reputation amongst customers and competitors alike. This reputation goes beyond just word-of-mouth, as Stearns has been recognized by the Independent Community Banker's Association (ICBA) as a top-performing bank in the nation based on a 3-year average Return on Assets for banks $1 billion or more. Stearns has also been recognized by American Banker as a top-performing bank in the nation over a 3-year period for Return on Equity for banks from $2 billion to $10 billion.
As a Star Tribune Top Workplaces award recipient and an award recipient of the Minnesota Business Magazine 100 Best Places to Work in Minnesota, Stearns takes pride in their team and holds their employees in extremely high regard. We offer a competitive salary and benefit package including our Employee Stock Ownership Program-one of the best long-term incentive programs in the nation.
EQUAL OPPORTUNITY EMPLOYER /AFFIRMATIVE ACTION PLAN We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, or creed, religion, sex, marital status, familial status, sexual orientation, national origin, age, disability, veteran's status, status with regard to public assistance, or any other class protected by Federal, State, local laws governing nondiscrimination in employment.