Job Summary
The Associate supports the Corporate Banking team through credit analysis, underwriting, portfolio management, and client service activities. This position works closely with lenders, clients, and Credit Administration to evaluate lending opportunities, monitor portfolio performance, and assist with the credit approval process.
The Associate will analyze financial information, prepare credit presentations and underwriting packages, monitor borrower performance, and participate in client interactions. This role is expected to develop a strong understanding of corporate lending structures, credit risk management, and relationship banking while supporting team members in delivering exceptional client service.
Essential Functions
Employees must be able to perform the essential functions of this position satisfactorily or make a request for reasonable accommodations as needed.
- Analyze financial statements, tax returns, projections, and other financial information to assess credit quality and repayment ability.
- Perform cash flow analysis, financial spreading, ratio analysis, and industry comparisons.
- Assist in preparing pre-flight analyses and preliminary credit assessments for prospective and existing clients.
- Prepare underwriting packages, credit memorandums, and loan presentations for internal approval processes.
- Support senior Corporate Banking team members in structuring credit facilities and identifying appropriate loan terms and conditions.
- Monitor assigned portfolio relationships, including financial reporting requirements, covenant compliance, and risk-rating accuracy.
- Assist with annual reviews, periodic portfolio monitoring, and other credit administration requirements.
- Conduct research on industries, markets, and borrowers to support lending recommendations.
- Participate in client meetings, management calls, and relationship reviews as appropriate.
- Coordinate with Credit Administration and other internal stakeholders throughout the underwriting and approval process.
- Ensure financial information (e.g. financial statements, compliance certificates, borrowing base certificates, etc.) is accurately reviewed, entered, and maintained within bank systems.
- Assist with closing documentation and loan funding processes.
- Identify opportunities to improve processes, workflows, and client experience within Corporate Banking.
- Stay current on industry trends, credit policies, and regulatory requirements.
Other Functions
- Serve as a resource to bankers and internal partners regarding financial analysis and borrower information.
- Participate in internal training and professional development opportunities.
- Support special projects and strategic initiatives as assigned.
- Perform other duties as assigned.
Education & Experience
- Bachelor's degree in Finance, Accounting, Business, Economics, or a related field.
- 2-5 years of experience in credit analysis, commercial banking, corporate banking, or related financial services roles.
- Demonstrated ability to analyze financial statements and assess credit risk.
- Strong written and verbal communication skills.
- Ability to organize multiple priorities and meet deadlines in a fast-paced environment.
- Strong attention to detail and analytical problem-solving skills.
- Working knowledge of commercial and corporate lending practices.
- Proficiency in Microsoft Office Suite, particularly Excel.
- Ability to build effective relationships with internal partners and clients.
We offer the opportunity for career growth and development in a professional and pleasant working environment. We offer a competitive salary and exceptional benefits package including:
- Health Insurance-Dacotah Bank pays 100% of the premium, family and individual coverage
- Dental Insurance-Dacotah Bank pays 100% of the premium, family and individual coverage
- Health Savings Account
- Life Insurance for the employee and family
- Paid Vacation and Sick Time
- Retirement Plan Options
- Additional Perks and Benefits
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
Skills Required
- Bachelor's degree in Finance, Accounting, Business, Economics, or related field
- 2-5 years experience in credit analysis, commercial banking, corporate banking, or related financial services
- Demonstrated ability to analyze financial statements, tax returns, projections, and assess credit risk
- Proficiency in Microsoft Office Suite, particularly Excel
- Working knowledge of commercial and corporate lending practices
- Strong written and verbal communication skills
- Strong attention to detail, analytical problem-solving, and ability to organize multiple priorities
- Ability to build effective relationships with internal partners and clients
What We Do
As a state-chartered bank, Dacotah Bank provides banking, insurance, mortgage, and trust services to customers who enjoy existing financial relationships with us. We also market these services to prospective customers residing in or doing business from our defined trade area. Dacotah Bank's trade area includes all of North Dakota; all of South Dakota; the following counties in western Minnesota: Becker, Big Stone, Chippewa, Clay, Clearwater, Cottonwood, Douglas, Grant, Jackson, Kandiyohi, Kittson, Lac qui Parle, Lincoln, Lyon, Mahnomen, Marshall, Murray, Nobles, Norman, Otter Tail, Pennington, Pipestone, Polk, Pope, Red Lake, Redwood, Renville, Rock, Stevens, Swift, Traverse, Wilkin and Yellow Medicine; the following counties in Iowa: Lyon and Osceola; and the counties in Montana, Wyoming and Nebraska that are adjacent to North Dakota and South Dakota. On November 10, 2004, employees, stockholders, and customers observed the 40th Anniversary of Dacotah Banks, Inc. (DBI). That same year, the Aberdeen-based bank holding company, owner of a family of community banks and insurance agencies, passed the $1 billion assets mark. Today, the company's banking assets exceed $2 billion. With locations in dozens of hometowns in North Dakota, South Dakota, and Minnesota, the firm employs over 500 employees and serves over 60,000 customers, Dacotah Bank is also one of America’s largest lenders to agriculture and consistently ranks in the top 20.
