SBA Credit Analyst III
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AI Summary
At Stearns Bank, we’re helping people, entrepreneurs, small businesses, and local communities nationwide reach their full financial potential. Sound like something you want to be a part of? If so, we’re currently looking for an SBA Credit Analyst III. This is a Connected Mobile Work Environment.
Come see how we’re doing business unusual and charting our own path to reimagine a more inclusive financial services and banking ecosystem for all.
BENEFITS
Stearns Bank understands and respects that everyone is managing unique career, family, and wellness needs. That’s why we offer industry-leading benefits to employees to help them live healthy lives and bring their full selves to work every day. Benefits may vary for part-time positions. Some of those benefits include:
Employee Stock Ownership Plan & 401k Plan
Healthcare (Medical, Dental, Vision, Telehealth, Life insurance)
12-week Paid Parental Leave and Medical Leave: With a cap of 20 weeks for eligible team members who qualify for both Medical and Parental Leave related to the birth of a child.
$5,000 Family Care Reimbursement: Childcare, Elder Care, Student Loan Debt, Pet expenses, Down Payment Assistance
PTO from 13 to 23 days depending on tenure. Cashout and Carryover options
10 Days Sick Time
11 Paid Holidays
4 Days Volunteer Time
2 Days Self Allowance Time
Tuition Assistance
For this position, we anticipate a salary range between $85,000 - $100,000. Final employment offers will be dependent upon the selected candidate’s relevant qualifications and experience.
JOB SUMMARY
Position has the responsibility of preparing loan write-ups, annual reviews, and monitoring credit file information with a medium/difficulty complexity (generally 5+ years’ 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.
- In-depth understanding and interpretation of the SBA SOP.
- Ability to complete any underwriting task with no direction needed.
- Underwriting tasks are completed with minimal / no errors.
- Limited supervision needed from credit management.
- Demonstrate ability to make sound credit decisions.
- 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.
- Generally, five or more years’ related experience and/or training.
- Proficiency in computer programs including Word and Excel.
- Knowledge or expertise with financial spreadsheet software, especially Moody’s spreadsheet software.
- Strong problem-solving, mathematical, and analytical skills.
- Excellent written and verbal communication skills.
- Self-motivated to prioritize and produce excellent work in a timely manner to meet deadlines.
- Detail-oriented.
- Flexible.
THE COMPANY
Founded in 1912, Stearns Financial Services Inc. (SFSI) is a $3.2 billion, independently owned financial institution with locations in Minnesota, Florida and Arizona, and over 35,000 small business customers nationwide. Specializing in affordable housing financing, USDA and SBA lending, and small business and equipment financing, Stearns Bank is regularly recognized as one of the country’s top-performing banks and “Best Banks to Work For” by American Banker.
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. To learn more about Stearns Bank, visit www.StearnsBank.com
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.
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