Junior Credit Analyst

Eagle Rock Bank; Jordan (MN); On-site; USD 36,000 - 46,000; Full time

Benefits offered by this job

Medical Dental Vision

Paid Time Off

Life Insurance

Short Term and Long Term Disability

Flexible Spending Accounts

401k Retirement Savings Plan

Employee Referral Program

Educational Assistance

Employee Birthday Pay

Employee Wellness Allowance

Job summary

Eagle Rock Bank is seeking a Junior Credit Analyst to support the Commercial Lending and Credit Administration teams. You will analyze financial information, assess credit risk, prepare loan presentations, and monitor existing credit relationships.

This entry-level role is designed for recent graduates aiming to build a banking career in commercial credit and financial analysis. The program includes hands-on training in financial statement analysis, cash flow assessment, risk analysis,

Qualifications

• Bachelor’s degree in Accounting, Finance, Economics, or a related field.
• Strong analytical and problem-solving abilities, with the ability to interpret financial statements and identify key trends.
• Strong attention to detail and commitment to accuracy.
• Excellent written and verbal communication skills.
• Proficiency in Microsoft Excel, Word, Outlook, and other business software.

Responsibilities

• Analyze financial statements, tax returns, personal financial statements, and supporting documentation for commercial loan requests.
• Spread financial statements and assess cash flow, debt service capacity, liquidity, leverage, and repayment ability.
• Evaluate collateral, including real estate, equipment, inventory, accounts receivable, and other pledged assets.
• Assist in the preparation of credit approval memorandums, loan presentations, and real estate evaluations.
• Assist in assigning and reviewing internal risk ratings.
• Complete annual reviews of existing borrowing relationships.
• Monitor covenant compliance and track receipt of required financial information.
• Assist with borrowing base reviews, collateral monitoring, and accounts receivable analysis.
• Review appraisals, title work, environmental reports, UCC filings, and other due diligence items.
• Complete collateral inspections.
• Work closely with Commercial Bankers to obtain financial information and support customer relationships.
• Participate in client meetings and site visits as appropriate.
• Assist with special projects, reporting, and other duties as assigned.

Skills

Financial analysis

Credit analysis

Excel

Attention to detail

Communication

Education

Bachelor’s degree in Accounting or Finance

Tools

Microsoft Excel

Job description

• Base Pay $26.25 - $33.65 / Hour
• Job Category Credit Analyst, Underwriting
• Employee Type Non-Exempt
• Required Degree 4 Year Degree
• Manage Others No

Contact information

• Email [e-mail]

Description

Eagle Rock Bank is growing, come join our team!

Eagle Rock Bank is a locally owned and managed community bank with strong values and a commitment to employees who join our bank family. Eagle Rock has proudly served the community since 1996, with 5 locations in SE Minnesota and Twin Cities.

Position Summary

The Junior Credit Analyst supports the Commercial Lending and Credit Administration teams by analyzing financialinformation, assessing credit risk, preparing loan presentations, and monitoring existing credit relationships. Thisposition is designed for recent college graduates seeking to build a career in banking, commercial credit, or
financial analysis.

The successful candidate will receive hands-on training in commercial lending, financial statement analysis, riskassessment, cash flow analysis, collateral evaluation, and loan portfolio management. This role provides a strongfoundation for future advancement into Commercial Banking, Credit Administration, Portfolio Management, orLending position.

Key Responsibilities

• Analyze financial statements, tax returns, personal financial statements, and supporting documentation for commercial loan requests.
• Spread financial statements and assess cash flow, debt service capacity, liquidity, leverage, and repayment ability.
• Evaluate collateral, including real estate, equipment, inventory, accounts receivable, and other pledged assets.
• Assist in the preparation of credit approval memorandums, loan presentations, and real estate evaluations.
• Assist in assigning and reviewing internal risk ratings.
• Complete annual reviews of existing borrowing relationships.
• Monitor covenant compliance and track receipt of required financial information.
• Assist with borrowing base reviews, collateral monitoring, and accounts receivable analysis.
• Review appraisals, title work, environmental reports, UCC filings, and other due diligence items.
• Complete collateral inspections.

Lender & Relationship Support

• Work closely with Commercial Bankers to obtain financial information and support customer relationships.
• Participate in client meetings and site visits as appropriate.
• Assist with special projects, reporting, and other duties as assigned.

Requirements

Qualifications

• Bachelor’s degree in Accounting, Finance, Economics, or a related field.
• Strong analytical and problem-solving abilities, with the ability to interpret financial statements and identifykey trends.
• Strong attention to detail and commitment to accuracy.
• Excellent written and verbal communication skills.
• Effective organizational and time-management skills, with the ability to manage multiple projects anddeadlines.
• Ability to work both independently and collaboratively.
• High ethical standards and ability to handle confidential information.
• Proficiency in Microsoft Excel, Word, Outlook, and other business software.Qualifications
• Bachelor’s degree in Accounting, Finance, Economics, or a related field.
• Strong analytical and problem-solving abilities, with the ability to interpret financial statements and identifykey trends.
• Strong attention to detail and commitment to accuracy.
• Excellent written and verbal communication skills.
• Effective organizational and time-management skills, with the ability to manage multiple projects anddeadlines.
• Ability to work both independently and collaboratively.
• High ethical standards and ability to handle confidential information.
• Proficiency in Microsoft Excel, Word, Outlook, and other business software.

Summary

This position is intended to provide a foundation in commercial credit and banking. Employees will receive trainingin:

• Financial statement analysis
• Cash flow analysis
• Regulatory compliance
• Commercial and agricultural lending
• Relationship banking fundamentals

Successful candidates may advance into positions such as Credit Analyst II, Portfolio Manager, Commercial Banker, Credit Officer, or Credit Administration leadership roles.

Working Conditions

Must be able to stand and/or sit for extended period of time. Occasional heavy lifting required. Job requiresemployee to bend forward by bending forward at the waist, or by bending the legs and spine. Must be able toexpress ideas by the spoken word, and requires perception of speech.

Eagle Rock Bank offers a comprehensive benefit package to our full time employees:

• Medical * Dental * Vision
• Paid Time Off
• Life Insurance
• Short Term and Long Term Disability
• Flexible Spending Accounts
• 401k Retirement Savings Plan
• Employee Referral Program
• Educational Assistance
• Employee Birthday Pay
• Employee Wellness Allowance

Eagle Rock Bank is an Equal Opportunity Employer