Job Summary
Analyze routine financial data of clients, including financial statements and cash flows. Reports financial position and credit worthiness of new and existing customers. Prepares in-depth written presentations, based upon their findings to assist bankers and Credit Admin when making credit decisions on lending and credit-worthiness. Monitors ongoing financial information and brings irregularities to the attention of the lender.
Primary Accountabilities
- Perform full range of duties pertaining to the credit analysis of new and existing borrowers. Analysis will be performed in accordance with established procedures and should include the following steps:
- Collect and enter customer financial data into bank’s credit platform system.
- Analyze data and prepare narrative on balance sheet, income statement, cash flow, financial ratios, and other relative data.
- Develop a conclusion or recommendation based on the analysis performed.
- Provide completed analysis to lender for review. May assist with financial analysis presentations to the loan committee as needed or requested by the lender.
- Review collateral and apply discounts appropriately.
- Assist in overall portfolio management to include past due loan and past due annual review management.
- Assist the Credit Risk Management department with review of loan files at the market locations.
- Perform annual credit reviews of term credits, requesting and analyzing financial statements from customers, monitoring collateral, etc.
Secondary Accountabilities
- Keep abreast of new developments and trends in various industries related to the loan portfolio.
- Participate in the establishment of commercial and retail lending goals and profitability objectives and in the implementation of policies and procedures to assure the achievement of those goals.
- Maintain education and professional expertise through attendance at job related seminars, conferences and workshops and involvement in professional civic and community groups in leadership positions.
- Assists the Credit Admin department with special non-recurring and ongoing projects as needed.
- Perform other duties as assigned.
Qualifications
- Bachelor’s degree in Accounting required and/or other related work experience of 3 – 5 years in business, finance, accounting or related field.
- Knowledge of financial statements and ability to analyze credit worthiness.
- Basic knowledge of banking laws, rules, regulations and requirements.
- Excellent communication skills, both verbal and written.
- Proficient in using Outlook, Word and Excel.
- Must be able to meet objectives, goals, and imposed deadlines with minimal guidance.
- Ability to travel
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 Accounting
- Related work experience in business, finance, or accounting (3-5 years)
- Knowledge of financial statements and ability to analyze credit worthiness
- Basic knowledge of banking laws, rules, regulations and requirements
- Excellent verbal and written communication skills
- Proficiency with Outlook, Word and Excel
- Ability to meet objectives, goals, and deadlines with minimal guidance
- Ability to travel
- Business, accounting, or finance related work (preferred)
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.
