Portfolio Monitoring Analyst

U.S. Bank; Minneapolis (MN); On-site; USD 38,000 - 51,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) retirement plan

Paid vacation

Holidays and leave

Life insurance

Disability coverage

Job summary

U.S. Bank is seeking a Financial Analyst to support Corporate and Commercial Banking Lenders and Wealth Management Relationship Managers with financial analysis and loan monitoring.

You will prepare financial statement spreads, quarterly trend analyses, and covenant tests in line with credit policies. Onsite three or more days per week at hub locations, with strong analytical, communication, and data interpretation skills to review financials, tax returns, and corporate certificates to back

Qualifications

• Typically a Bachelor's degree, or equivalent work experience.
• One to two years of job-related experience.

Responsibilities

• Support Lenders and Relationship Managers with financial analysis and loan monitoring.
• Prepare financial statement spreads and covenant tests per policy.
• Review financial statements, tax returns and certificates to back lending.

Skills

Credit analysis

Financial analysis

Attention to detail

Communication skills

Education

Bachelor's degree in business, finance or accounting

Job description

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description

Supports Corporate and Commercial Banking Lenders, and Wealth Management Relationship Managers with financial analysis and loan monitoring. Completes accurate and consistent financial statements spreads, quarterly trend analyses, and covenant tests in accordance with bank spreading standards and credit policies. Maintains a compliance monitoring database that tracks credit approval requirements and receipt of customer’s financial reporting requirements on behalf of the Portfolio Managers and/or Relationship Managers. Responsible for reviewing financial statements, tax returns, personal financial statements and company compliance certificates to support lending activities associated with large credit transactions.

Basic Qualifications

• - Typically a Bachelor's degree, or equivalent work experience
• - Generally one to two years of job-related experience

Preferred Skills/Experience

• - Accounting and finance knowledge normally acquired through the completion of a bachelor’s degree in business, finance or accounting
• - Good understanding of basic credit analysis, administration, and policy and procedures
• - Strong analytical and problem-solving skills and attention to detail
• - Ability to identify and resolve exceptions and to interpret data
• - Effective verbal, written, and interpersonal communication skills
• - Ability to read and comprehend credit write-ups and loan documentation

Location Expectations

This person will be required to be onsite three (3)+ days per week at one of the listed U.S. Bank hub locations.

Benefits

• - Healthcare (medical, dental, vision)
• - Basic term and optional term life insurance
• - Short-term and long-term disability
• - Pregnancy disability and parental leave
• - 401(k) and employer-funded retirement plan
• - Paid vacation (from two to five weeks depending on salary grade and tenure)
• - Up to 11 paid holiday opportunities
• - Adoption assistance
• - Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
• - Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

Pay Range: $27.50 - $36.68 U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures. Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies. Posting may be closed earlier due to high volume of applicants.

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.