Credit Analyst

Who We Are

We have the fundamental belief that we, as an organization, can and will improve lives. Rooted in the centuries-old credit union philosophy of people helping people, we maintain a simple premise. Those we interact with will receive equal and just treatment, devoid of intolerance, false judgment, racism, or discrimination of any kind. We must not accept less if we are to fulfill our mission, "We Improve Lives." This mission empowers us to serve the greater good and to make a difference in our world. Our cooperative structure creates a cycle of mutual assistance towards the common goal of the financial well-being of members.

At Black Hills Federal Credit Union (BHFCU), we’re committed to improving the lives of our members every day, and we look for people who share that passion. Don’t have a ton of financial industry experience? No problem. Our onboarding includes an orientation program with ongoing training to help staff further their career at BHFCU by building on their existing strengths.

General Purpose: Independently completes commercial credit analysis and written presentations on the largest and most complex, commercial, and/or agricultural credit relationships. Analyze and prepare written presentations to recommend approval, denial or alternative structures and note any deviations from Loan Policy as appropriate. Work with Commercial and/or Agricultural Loan Officers to discuss issues and ask questions with minimal guidance from the Credit Administration Manager.

Essential Duties/Responsibilities for ALL Levels

• Spread and analyze financial reports including but not limited to year-end financial statements, personal financial statements, interim financial statements, accounts receivable and accounts payable from the loan officers, borrowers or borrowers’ accountants.
• Responsible for independently managing: spread workflow, underwriting workflow, and deadlines.
• Gather, consolidate, analyze and summarize data to provide well-considered recommendations for complex levels of commercial credit relationships.
• Identify and quantify risks, prepare written detailed analyses, and present these facts and offer opinions concerning credit-worthiness of borrowers.
• Confer with lenders and other business representatives to exchange and verify credit information and financial transactions.
• Participate in discussions with and/or calls to existing or potential members.
• Occasionally meets with members to review their business operations, discuss their financial statements and analyze their credit requirements.
• Act as control point in the loan approval process to ensure adherence to credit policies and loan covenants.
• Complete tasks as assigned by Credit Administration Manager including monitoring and testing financial covenants, assist with audits, examinations, stress testing and risk reviews.
• Provide training to other credit analysts as needed.

Additional Essential Duties/Responsibilities for Senior Level

• Direct underwriting of existing and new credit exposures for Commercial, Participation, CUSO, and/or Agricultural opportunities.
• Assist in supervising and monitoring workflow of other credit analysts.
• Assist with call report and other quarterly and monthly reporting.
• Assumes additional duties and responsibilities as required.

Other Duties/Responsibilities

• Keep current on business related compliance issues.
• Understand SBA/USDA underwriting requirements and documents.
• Assist lenders and loan support staff in loan closing activities.
• Keeps current on trends within the industry by attending seminars, workshops and reading industry periodicals.
• Attend and participate in various committee meetings.
• May assist Credit Administration Manager in conducting job interviews.

Job Knowledge

• Working knowledge of the credit union's products and services.
• Working knowledge of the credit union’s policies/procedures and credit union's service philosophy.
• Working knowledge of safety and security program for false alarms, robberies, bomb threats and extortion.
• Working knowledge of credit union's in-house computer system/Internet.
• Advanced knowledge of state and federal business lending regulations.
• Strong developed knowledge of credit and financial analysis techniques.

Job Qualifications (Skills)

Black Hills FCU is committed to working with its employees to provide reasonable accommodation for them with the physical aspects of the position. The following list outlines the physical considerations that are normally encountered in this job.

• Vision: A sighted person to review effectively documents.
• Speech/Hearing: Ability to communicate verbally and in writing with staff, members and vendors.
• Manual Dexterity: Ability to perform necessary computer-related input.
• Physical Mobility: Limited mobility required.
• Requires the ability to work flexible hours.

Job Qualifications (Ability)

• Must be able to work in a fast-paced environment and execute multiple tasks successfully for meeting timely deadlines.
• PC proficiency with spreadsheet and word processing software.
• Proficiency with financial statement analysis software.
• Excellent oral and written communication skills.
• Ability to present a professional and personable personality.
• Strong ability to confidently and assertively defend analytical decisions.

Job Qualifications (Education/Experience)

MINIMUM EDUCATION REQUIREMENTS For ALL LEVELS

• B.S/B.A in accounting, finance, or general business (or equivalent experience).
• 9 hours in accounting preferred.
• 12 hours in finance preferred.

MINIMUM WORK EXPERIENCE LEVEL I

• 1 to 3 years of credit analysis experience in a financial institution or regulatory agency, or recent graduate that meets the educational requirements, that includes analysis of smaller, less complex, credits and composing analytical reports
• Ability to analyze credits based on tax returns
• Formal credit training
• Knowledge of collateral and credit documentation and borrowing entity structure

MINIMUM WORK EXPERIENCE LEVEL II

• 3 to 5 years of credit analysis experience in a financial institution or regulatory agency that includes analysis of complex credits and composing analytical reports.
• Ability to analyze credits based on tax returns.
• Formal credit training.
• Knowledge of collateral and credit documentation and borrowing entity structure.

MINIMUM WORK EXPERIENCE SENIOR

• 5 to 7 years of credit analysis experience in a financial institution or regulatory agency that includes analysis of complex credits and composing analytical reports.
• Ability to analyze credits based on tax returns.
• Formal credit training.
• Knowledge of collateral and credit documentation and borrowing entity structure.

Working Conditions

Material and Equipment Involved

• Personal Computer
• WebEx
• Tablet and Mobile Devices
• Scanners
• Excel
• Word
• Photocopy Machine
• Various Software Applications
• Salesforce

Work Environment/Physical Activities

Occasional travel to one of the BHFCU's branch locations or attendance at community events may be required.

Physical Requirements

Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 5 lbs. Must be capable of climbing/descending stairs in emergency situation. Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator. Must be able to routinely perform work on computer for an average of 6-8 hours per day. Must be able to work extended hours whenever required or requested by management. Must be capable of regular, reliable and timely attendance.

Working Conditions

Must be able to routinely perform work indoors in climate-controlled shared work area with moderate noise.

Mental And/or Emotional Requirements

Must be able to perform job functions with supervision and work effectively either on own or as part of a team. Must be able to read and carry out various instructions and follow oral instructions. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be able to perform basic mathematical calculations with extreme accuracy. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines/requirements for extreme accuracy and quality and/or fast pace. Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising highest level of discretion on confidential matters.

Notice: This job description is not intended to be, nor should it be construed as, a contract or guarantee of employment. Black Hills Federal Credit Union adheres to all federal and state labor laws regarding termination and probationary periods. This position is also subject to all the personnel policies of Black Hills Federal Credit Union. Changes may be made to this job description at any time by the President. Black Hills Federal Credit Union is an equal opportunity employer.

Black Hills Federal Credit Union is an equal opportunity employer. All applicants will receive consideration without regard to age, race, color, sex, sexual orientation, genetic information, religion, national origin, disability, veteran status, or any other status or condition protected by state or federal law. BHFCU will provide reasonable accommodation to qualified persons with a disability but who are otherwise able to perform the essential functions of the job.