Ag Credit Analyst

First National Bank in Sioux Falls; Sioux Falls (SD); On-site; USD 65,000 - 95,000; Full time

Benefits offered by this job

Health Insurance

Profit Sharing

Paid Vacation & Holidays

Company paid short and long term(dis)

Job summary

The First National Bank in Sioux Falls is seeking an Ag Credit Analyst to evaluate risks of agricultural loan requests, gather data, and prepare detailed reports for loan committees, applying agricultural credit expertise and collaborating with loan officers and senior management. This role supports policy compliance, identifies suitable credit structures, and may involve site inspections.

It also contributes to presentations for committees and partners across the bank, reflecting FIRST Values

Qualifications

• Experience evaluating credit risk for agricultural loans.
• Ability to prepare detailed written credit reports.
• Proficiency with financial spreads and underwriting standards.
• Excellent communication and collaboration skills.

Responsibilities

• Spread financial data into financial statements and underwriting reports using bank software.
• Analyze creditworthiness by preparing written findings on loans, including cash flow and ratio analysis.
• Independently evaluate complex loan requests per underwriting standards and regulatory requirements.
• Complete underwriting tasks such as Farmer Mac or FSA as needed.
• Monitor loans to assess risk post-booking and conduct covenant monitoring.
• Provide mentoring and guidance to analysts and interns; collaborate with loan officers and Real Estate Specialist.

Skills

Analytical skills

Credit underwriting

Financial statement analysis

Written reports

Communication skills

Mentoring/training

Independent work

Tools

Bank software

Farmer Mac

FSA

Job description

The Ag Credit Analyst is responsible for evaluating risks associated with individual loan requests and complex credit relationships within the agricultural industry. This includes determining the information needed for analysis, gathering relevant industry and environmental data, conducting site inspections as requested, and collaborating with loan officers and senior management to assess overall risk levels. The analyst applies agricultural credit expertise and strong analytical skills to quantify credit risk and make independent recommendations that align with loan policy and mitigate potential exposure. Responsibilities also include identifying appropriate credit structures and monitoring requirements, preparing detailed written reports for loan approval authorities, and developing presentations for loan committees, senior management, and other key stakeholders.

In addition, our FIRST Values apply to all teammates without exception.

FIRST Values

• Family - We support, trust, and respect each other, our customers, and our shareholders.
• Independence & Innovation - We embrace change as vital to our success.
• Relationships - We build relationships that are based on strong character, mutual loyalty, trust, and respect.
• Stewardship - We take care of ourselves so we can take care of others.
• Teamwork - We help each other grow and succeed.

Who we are:

The First National Bank in Sioux Falls began its long-term commitment to the Sioux Falls area in 1885. The oldest bank in Sioux Falls owes its longevity to a combination of service, stability, innovation, and family involvement. Over the past 140 years, The First National Bank in Sioux Falls has worked diligently to promote the growth and vitality of our city and the surrounding area. The Bank strives to continually be recognized as a community leader by reinvesting financial resources back into the communities it serves and encouraging active employee involvement in community volunteer organizations.

The First National Bank Way, which is a blend of our Mission Statement and FIRST Values, serves as the foundation of our culture. It is a gift that has been passed down to us and is the legacy that we will protect and preserve. Nothing is more important to us - it is the cornerstone of our success.

Our culture is driven by integrity, service, and strong values; nothing has shaped it more than our FIRST Values.

Our FIRST Values are not just words; they are truly felt by our employees, customers, shareholders, and communities. They tell us who we are as a business and guide our behaviors and decisions as we move forward and build successful relationships.

Although banking has evolved over the years, our mission and values have not and will not change.

What will you do:

Accountabilities

Spreading Financials and Underwriting

Accurately enter customer and guarantor financial data into software programs to generate financial spreads, supporting the underwriting of bank documents, applications, and requests in accordance with regulatory requirements and bank policies.

• Utilize multiple bank software programs to complete financials spreads on loan customers.
• Analyze the creditworthiness of prospective and current customers by preparing written reports of findings of assigned loans. This includes in-depth analysis of historical financial statements, projected cash flow, ratio analysis, general industry analysis and identified risks.
• Independently evaluate more complex loan requests with regards to the Bank's underwriting standards and regulatory requirements.
• Complete additional underwriting tasks such Farmer Mac or FSA as needed to ensure all requirements have been met.

Loan Monitoring and Review

Monitor loans to assess the risk of a loan once the loan is booked.

• Conduct collateral inspections with lenders on an as needed basis.
• Complete borrowing base tracking spreadsheets.
• Perform covenant monitoring to ensure covenants are in compliance.
• Research and compare internal portfolio metrics to industry standards while analyzing broad agricultural trends and potential impacts to credit quality.

Partner with Others

Partner with others to ensure team goals are met.

• Provide mentoring and guidance to other analysts, business banking trainees, and interns as they work on spreading financial information and underwriting loan requests.
• Assist the Real Estate Specialist with various duties.
• Assist with special projects as assigned such as economic reports, guideline reviews, segmentation reports or loan coding.
• Ability to work independently with little supervision. Self-motivated.
• Excellent verbal and written communication skills.
• Demonstrate strong critical thinking skills, including strategic thinking and effective analysis of data.
• Excellent organizational skills and attention to detail. High degree of accuracy required.
• Ability to manage multiple competing priorities.
• Ability to adapt to the needs of the organization and teammates.
• Collaboration and consultation with teams and individuals across the bank.

What’s in it for you?

• Health Insurance
• Profit Sharing
• Paid Vacation & Holidays
• Company paid short and long term disability