Flagship Bank is passionate about helping our clients succeed and making a difference in our communities. And that starts with our employees.

Credit Analyst

Job Location: Wayzata

Position Type: Full-Time

Job Description - Credit analyst provides support to the Credit Manager by analyzing and evaluating the credit worthiness and financial condition of individuals and businesses applying for credit. Furthermore, the position provides risk management support to the loan administration function.

Include the following: Other duties or tasks may be assigned as required. Management may modify, change or add to the duties of this description at any time without notice. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  • Obtain necessary credit and financial data from lending officer, file, or outside sources to complete timely risk and credit analysis.
  • Spread and analyze all financial information received and required for requests as assigned. Prepare loan presentations in consultation with Bankers to ensure completion and noting any policy exceptions.
  • Maintain loan files ensuring compliance with file documentation. Assist officers in maintaining current financial information and file documentation.
  • Help assess transactions with respect to Loan Policy, work with senior staff to identify exceptions and the underlying mitigating factors that create acceptable loan risk.
  • Identify sources of repayment and assess reasonableness of repayment sources; review incoming financial data to keep abreast of changes in the borrower’s financial condition.
  • Request UCC searches, use search information to determine security position on chattel loans, reconcile credit report information with financial reports, ensure compliance with loan covenants. Calculate and test performance against covenants.
  • Participate in credit review process, including auditing files for complete documentation, credit policy standards, and compliance. Utilize established procedures and guidelines to assure that standards are being met.
  • Prepare other Credit Administration reports for Senior Management as directed.
Four-year business-related college degree with an emphasis in accounting preferred. High School diploma required. Prior banking experience preferred.