Commercial Credit Analyst

This regular full-time position reports to the Executive Director of the LCRDC and provides commercial credit analysis services to clients of the LCRDC through programs such as the SBA 504, Intermediary Loan Program (IRP), ND Opportunity Fund (NDOF) and other commercial financial programs.

• Qualify prospects by collecting and analyzing financial and related data in order to determine the general credit worthiness of the prospect and the merits of the specific loan requests
• Determine credit eligibility, prepare loan narratives, and ensure loans meet appropriate lending criteria
• Underwrite the loan application prior to submission to the Lending Committee
• Proactively review clients current and changing financial needs
• Monitor the performance of the borrower over the life of the loan
• Recognize developing problems and bringing them to the attention of management
• Assist in developing a strategy for troubled credits, to return the credit to a pass rating or exit strategy
• Field inquiries about LCRDC programs
• Order documentation from third parties i.e. environmental assessments and credit reports
• Prepare or oversee the completion of the loan application form

• Ensure compliance with all state and federal regulations and internal company policies with regard to the following:
• SBA 504 Standard Operating Procedure (SOP)
• Economic Development Administration (EDA) regulations
• USDA Rural Business Cooperative Services regulations
• Department of Housing and Urban Development (HUD) Community Development Block Grant (CDBG) regulations
• Anti-Money Laundering
• Fair Lending
• Truth In Lending
• Privacy, and Anti-Discrimination